<\/span><\/h2>\n1.84 billion Muslims constitute 24.4% of the global population. The figure is expected to soar to 2.2 billion by 2030. 60% of them live in Asia, followed by Middle East-North Africa and Sub-Saharan Africa.<\/span><\/p>\nHalal food spending will be spurred not only by the rapid population growth but also by younger demographics as the average age of a Muslim is 24 years old compared to non-Muslims\u2019 32 years old. Muslims have higher birth rates compared to other religions.<\/span><\/p>\nThe Halal opportunity is high in Indonesia, India, Pakistan, and Bangladesh as these countries account for 70% of Asia\u2019s one billion Muslims. Indonesia\u2019s booming Halal industry is worth USD 190 billion alone!<\/span><\/p>\nAwareness about the Halal concept is escalating as international companies race to respond to consumer needs for Halal lifestyles.\u00a0<\/span><\/p>\nThe Halal food sector consumed USD 1,244 billion in 2016 and is expected to reach USD 1,930 billion in 2022. The biggest opportunities are in the processed food and beverage sector which hit USD 836.6 billion in 2016.<\/span><\/p>\nThink beyond Halal meats and restaurants. Expand your mind and look at the huge markets for food ingredients and raw materials, baby food, all types of packaged food including dairy products, snacks, drinks, health food, and other non-traditional categories, including ready-made meals.<\/span><\/p>\nMuslim consumers\u2019 tastes and preferences are governed by halal rules on food and non-food specification.<\/span><\/p>\nThe Global Islamic Economy Report by Thomson Reuters recorded a 12% increase in Halal certified food products, with a 208% increase in the chocolate products category alone.\u00a0<\/span><\/p>\nDesserts and ice cream chartered 203%, with bakery products following at a close 183%.<\/span><\/p>\n <\/p>\n
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<\/span>\u00a0Best Halal Munchies\u00a0<\/b><\/span><\/h2>\n <\/p>\n
When it comes to halal candies and munchies no one in the Muslim world currently beats Turkey in terms of quantity and output.\u00a0<\/span><\/p>\nIn fact, the nation holds enormous confectionery potential, with its market being one of the most developed anywhere in the world.<\/span><\/p>\nIncluding production and imports, Turkey\u2019s overall confectionery market is worth an estimated $3.5bn. It\u2019s expected to grow too, with Euromonitor suggesting it will have risen a mouth-watering 14.3% in value terms by 2021.<\/span><\/p>\nTurkey actually holds a big chunk of Eastern Europe\u2019s entire candy market, holding an 11.5% share.<\/span><\/p>\nIt\u2019s estimated that around 42 million people regularly consume some form of sweet product in Turkey every year. That\u2019s over 53% of Turkey\u2019s 79m strong population. Total consumption of all product groups, covering sugar candies, chocolate, and sweet baked goods, floats at around 4.6kg per year.<\/span><\/p>\n <\/p>\n
<\/span>Dubai and UAE Halal Munchies Market\u00a0<\/b><\/span><\/h3>\nUAE Halal food & beverages market was is projected to surpass $ 5.5 billion by 2022<\/p>\n
Increasing the Muslim population, rising per capita income and growing e-commerce are among the major factors boosting demand for Halal food products in the UAE.\u00a0<\/span><\/p>\nIn addition, rising acceptance for Halal food among non-Muslims, stringent import & export regulations and policies regarding Halal food and beverages, and rising standards of food quality are further anticipated to spur growth in UAE Halal food & beverages market during the forecast period.<\/span><\/p>\n“The increase in our halal exhibitors and companies is being driven by investment opportunities across the halal food value chain, halal food SMEs seeking Islamic financing for working capital, trade financing and expansion needs, wholesome new products, halal ingredients and co-operation on building global or regional brands that deliver on halal integrity.”<\/span><\/p>\nBecoming a trusted name and solutions provider in the global halal food sector and a destination of choice for Islamic families are among the seven strategic objectives of the ‘Dubai – the Capital of Islamic Economy’ initiative launched in early 2013 by His Highness Shaikh Mohammad Bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai.<\/span><\/p>\n“Halal World Food’s growth is helping the initiative attain some of these overarching objectives,” added LohMirmand.<\/span><\/p>\n“With an anticipated visitor turnout of over 85,000 from more than 170 countries including international heads of state, ministers, government officials and national trade associations from five continents, I think we can confidently predict an increase in the emirate’s share of year-round trading in halal foods.”<\/span><\/p>\n <\/p>\n
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