The world market of halal products and services will reach nearly 5 trillion dollars in 8 years

According to research by the American company Frost and Sullivan, the global market for Islamically permitted, i.e. halal, products and services is experiencing unprecedented growth. According to forecasts, the world market of halal products and services that conform to Muslim traditions will reach nearly 5 trillion dollars by 2030.

According to statistics, the world market of halal products and services amounted to 2.3 trillion dollars in 2020. It is noted that the interest in halal products and services in European countries is manifested even in tourism and fashion.

In addition, Westerners prefer products that are halal for consumption. This significantly increases the demand for the production of halal products. Now, many foreign companies are paying special attention to the quality of their services, the composition of their goods, and of course, the guidelines that are certified as halal.

Also, according to the data, it is estimated that the number of Muslims in the world will reach 2.2 billion by 2030.