Halal Industry: Key Challenges and Opportunities

Hussein Elasrag ()

MPRA Paper from University Library of Munich, Germany

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 (search for similar items in EconPapers)
JEL-codes: F1 L15 L7 M0 M00 M31 (search for similar items in EconPapers)
Date: 2016-01-13
New Economics Papers: this item is included in nep-agr and nep-mkt
References: View complete reference list from CitEc
Citations: View citations in EconPapers (5)

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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:69631

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