Halal Industry: Key Challenges and Opportunities

33 Pages Posted: 21 Feb 2016

Date Written: February 20, 2016

Abstract

The global halal market has emerged as a new growth sector in the global economy and is creating a strong presence in developed countries. The most promising halal markets are the fast-growing economies of the Asia, Middle East, Europe and the Americas. With a growing consumer base, and increasing growth in many parts of the world, the industry is set to become a competitive force in world international trade. The halal industry has now expanded well beyond the food sector further widening the economic potentials for halal. This paper will help to deepen understanding of the concept of Halal so as to familiarize non-Muslims about Halal principles and products.

Keywords: Halal Industry, Global Halal Food, halal cosmetics market, Halal tourism

Suggested Citation

Elasrag, Hussein, Halal Industry: Key Challenges and Opportunities (February 20, 2016). Available at SSRN: https://ssrn.com/abstract=2735417 or http://dx.doi.org/10.2139/ssrn.2735417

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