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What do the stats say?
Halal has become an emerging trend and a lifestyle choice even among non-Muslim ethical consumers. This is attributed to the quality assurance and ethical standards. Halal lifestyle expands beyond food to finance, medical & pharmaceuticals, hospitality, beauty, fashion, travel, and more.
According to Business Wire, Certified Halal food market alone in the US is poised to grow by $8.7 billion by 2024.
In 2020, the U.S. Religion Census found there to be 4.45 million Muslims in America. Muslims are one of the most influential and fastest growing group in USA that holds significant buying power. However, majority avoids consuming products and services, specifically meat, packaged food and beverages, that are not authentically "Halal Certified" by a credible authority that they trust.
That's where the credibility of AHI comes in with our comprehensive, transparent, thorough, high standards for quality assurance, and competitive fee structure.
How does the global halal economy look like?
Very promising and consistently booming just as the facts below show.
- Halal industry is projected to witness robust growth in the next 7 years. According to research, global Halal food & beverages market is projected to grow from $2.09 trillion in 2021 to $2.8 trillion by 2025 at a 4-year Cumulative Annual Growth Rate (CAGR) of 7.5%, and $3.27 trillion by 2028, exhibiting a CAGR of 6.56%. (Fortune Business Insights).
- Global Muslim spend is expected to reach $1.67 trillion by 2025 at a 4-year CAGR of 7.1% (Dinar Standards & Salaam Gateway - 2022)
For big or small, new or existing businesses, this is the best time to invest in an authentic halal certification that Muslims trust to tap into this market and stand out from the rest.
Contact us today at 888.Halal90 or email us at anytime to learn more.
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