Halal Food Market to Jump to $1.6tr by 2018

The global halal food and beverage (F&B) market is forecast to grow from $1.1 trillion in 2013 to $1.6 trillion by 2018, according to a report by the Dubai Chamber of Commerce and Industry.

The halal food industry is growing mainly in countries in the Middle East and North Africa, South and South East Asia and forecast to grow from $1.1 trillion in 2013 to $1.6 trillion by 2018, GNews reported
The halal F&B market includes a range of products,such as raw chicken and beef, processed foods, and cold drinks.
In 2012, UAE accounted for 16.6 per cent of the global F&B market, as per the report.
That same year, the UAE halal food consumption market was valued at around $20 billion in 2012.
Indonesia is the biggest halal food market, valued at $197 billion in 2012, followed by Turkey ($100 billion), according to the report.