Muslims spent 5.2% more on halal food, pharma and lifestyle in 2018, says global Islamic economy report
Muslims spent $2.2 trillion in 2018 on food, pharmaceutical and lifestyle sectors, up 5.2% from 2017, says a report released in Dubai on Monday (November 11).
The growth is fuelled by ten driving factors, said the State of the Global Islamic Economy 2019/20 report from DinarStandard, the parent company of Salaam Gateway.
“Global growth is underpinned by 10 key drivers that include high growth and affluence among Muslim populations, increasing adherence to ethical values, continued engagement by global multinationals and investors, and a growing number of national strategies dedicated to halal products and related opportunities,” said the report.
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