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Global Muslim Population Grows 18 Percent, Driving Record Demand Of Halal Products
Last update: 19/01/2018
SINGAPORE, Jan 19 (Bernama) -- Global market research company Euromonitor International unveiled via webinar the latest trends shaping the halal market as companies race to benefit from a pool of untapped consumers.
"Population changes, increasing disposable income and growing internet penetration are some of the key factors driving growth of halal products demands. Disposable income of countries with the top five biggest Muslim-populations such as Indonesia, Pakistan, India, Nigeria, Iran, have grown by 257 percent and internet penetration has risen by 31 percent for these same markets," says Euromonitor International's senior analyst, Emil Fazira.
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