Market Of Halal Products: From Niche To Global Market
Market Of Halal Products: From Niche To Global Market
Author(s): Mehmed Meta, Aldin DugonjićSubject(s): Supranational / Global Economy, Islam studies, International relations/trade, Present Times (2010 - today), Financial Markets
Published by: Naučno društvo za promociju i unapređenje društvenih nauka AKROASIS
Keywords: Halal Products; Halal Market; Niche; Globally;
Summary/Abstract: In the last two decades, Halal products, primarily Halal food, have outgrown from exclusivity solely for the Muslim population into a dynamic global market that will continue to play a crucial role in international trade in the upcoming years . According to report written by Thompson Reuters and Dinar Standardvalue of Halal food&baverage market in 2014 has been estimated to $1.37 trillion which is 18.2% of global food & baverage market. Not wanting to miss the opportunities that the one of the fastes growing market offers, most of multinational companies such a Nestle produces and offers Halal products. This paper presents Halal market which in short time have transformed from niche to global market.
Journal: Socioeconomica - Naučni časopis za teoriju i praksu društveno-ekonomskog razvoja
- Issue Year: 5/2016
- Issue No: 9
- Page Range: 77-82
- Page Count: 5
- Language: English