Infographic SGIE 2023/24: Halal food
DinarStandard's State of the Global Islamic Economy 2023/24 Report suggests that lMuslim spending on food increased 9.6% in 2022 to reach $1.4 trillion, up from $1.28 trillion in 2021. It is forecasted to reach $1.89 trillion by 2027, growing at a CAGR of 6.1%.
With the climate crisis, lingering supply chain disruptions due to the pandemic, and the conflict in Ukraine causing a spike in food prices worldwide, ensuring food security continues to be a critical priority for core Islamic markets.
The State of the Global Islamic Economy 2023/24 Report produced by DinarStandard can be downloaded here.
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