Page 369 - Ministry of Economy - December 2017

12/25/2017 Muslim spending tops $2trn on halal economy - Retail,Culture & Society,Middle East - ArabianBusiness.com
Muslim spending tops $2trn on halal economy

Report says F&B leads spending, followed by clothing, media and entertainment,
travel and cosmetics in 2016

An exhibitor displays cosmetic products during the Halal Expo dedicated to the growing halal food industry in
September in Dubai. (GIUSEPPE CACACE/AFP/Getty Images)

By Staff writer

Fri 01 Dec 2017 10:50 AM

Muslim spending across food, beverage, and lifestyle sectors is estimated to have reached $2 trillion in
2016, accounting for 11.9 percent of global expenditure, according to a new report.

By category, F&B leads Muslim spend at $1.24 trillion, followed by clothing and apparel at $254

billion, media and entertainment at $198 billion, travel at $169 billion, and spending on
pharmaceuticals and cosmetics at $83 billion and $57.4 billion respectively.

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