From past few years, the halal market has fully fledged drastically. In the Southeast Asian province alone, countries like Singapore and Malaysia experience a growth rate of 19% and 18% correspondingly in only a matter of past five years. Also in countries without a considerable Muslim majority, the growth rate is crashing at an extraordinary rate, including countries like South Africa showing a 96% increase.

One of the main reasons is the growing number of the Muslim population around the globe.

It’s also important considering that the halal market industry is not just restricted to food. The halal market industry also spreads in industries like clothing and personal care items such as cosmetic products, toothpastes, pharmaceuticals, and many more. The accessibility of these options from corner to corner further helps in growing demand, which in turn stimulates more industries to make more halal products for the marketplace.

The halal market industry holds a lot of assurance in the future of the world economy. It is wide and assorted, extending its contact to countries outside of the Muslim world. With the increase in numbers with reference to growth rates, and the development of many halal industries looking to pull out and earn from the halal market, the prospect of halal does not look to be stopping soon.