The halal-food market continues to anchor the wider Islamic economy. Muslim consumers spent US $1.43 trillion on food and beverages in 2023; buoyed by population growth, localisation of production and stronger certification regimes, spending is expected to reach US $1.94 trillion by 2028, a healthy 6.2% CAGR. Indonesia remains the single largest national market by expenditure, followed by Bangladesh and Egypt.
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