How attractive is Spain’s halal food market?
Spain’s food and beverage market was estimated at $127 billion in 2015. The country’s 1.9 million Muslims contirbuted around $2.9 million to this total. This expenditure is expected to increase by 3 percent cumulative annual growth rate (CAGR) till 2020. Considering the rapid growth in the number of companies becoming halal-certified—now at over 300—and the access to export markets, what opportunities are there for F&B companies to address the demand for halal food in Spain?