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SGIE Report 2023/24: Halal pharma thrives with growing consumer spend


The State of the Global Islamic Economy 2023/24 Report highlights significant developments and opportunities in the halal pharmaceutical industry.

The report highlights noteworthy growth in Muslim consumer spending on pharmaceuticals, indicating a notable increase in demand for halal pharmaceutical products.

In 2022, Muslim consumer spend on pharmaceuticals reached $108 billion, reflecting a 7.8% growth from the previous year.

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