The Halal food sector is expected to grow by 5.8% by 2020, with the demand for ethical treatment of animals alone resulting in a $100 billion organic food market, according to selected findings from the State of the Global Islamic Economy Report 2015.
Although the principle of treating animals is embodied within Halal food, educating the Organisation of Islamic Cooperation (OIC) countries about the Halal sector and its standards and accreditation continues to be a challenge.
In terms of catering to tourism, the global Muslim market spent $142 billion on travel in 2014, and is expected to reach $233 billion by 2020. The most popular destination countries for Muslim tourists are Malaysia, Turkey and the UAE, which is outpacing other countries in terms of hotel development.
