Global Muslim expenditure on food is estimated at $1.37 trillion in 2018, growing at 5.1% from 2017.
This expenditure is forecast to grow by 6.3% per year to reach $2.0 trillion by 2024, according to the State of the Global Islamic Economy 2019/20 report.
This expenditure on F&B accounted for around 63.6% of the $2.2 trillion that Muslims spent overall on halal and Islamic lifestyle sectors in 2018, according to the report produced by DinarStandard.
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