Halal Market Opportunities
American Muslim Population is estimated at 8 Millions (7 Millions in the USA & 1 Million in Canada) 60% of US Muslims are under 40 years old
American Muslim Annual Income:
- 66% of American Muslim HH’s earn over $50,000
- 26% of American Muslim HH’s earn over $100,000
- Share of GDP is estimated at $405 Billion
- Annual combined spending power at 170 Billion
- Annual Halal Food Market potential: $30 to $40 Billion
Global Muslim Population is estimated at 1.5 Billion Muslims constitute an estimated 25% of the World Population.
- Muslim majority in 57 countries (from Morocco to Indonesia)
- Muslim minorities in all five Continents of the World
- Global Annual Share of estimated GDP at $3.4 Trillion
- Annual Halal Market potential: $800 Billion to $1.2Trillion
Muslim Countries Have Food & Agricultural dependency to the rest of the World
- Global Halal Standards
Harmonization and World Food Trade:
Codex Alimentarus is an intergovernmental body, established in 1963 by the Food and Agriculture Organization of the United Nations and World Health Organization. The group sets international food standards to protect consumer health and ensure fair trade.
The FAO & Codex Alimentations Division has adopted guidelines in regard to the use of the term “Halal” used for assuring fair international trade.
Halal food: Definition (codex simplified)
Food permitted under Islamic Law
- Contains no unlawful substance
- No direct contact with unlawful food substance
- No direct contact with an appliance not free of an unlawful food substance
- Not withstanding above conditions
- Halal food can be processed in the same premises as non-Halal foods provided that measures
are taken to prevent Halal/non-Halal contact
- Halal food can be processed using the same equipment as non-Halal food provided that
measures are taken to prevent Halal/non-Halal contact.