The global halal market has emerged as a new growth sector in the global economy and is creating a strong presence in
developed countries. With a growing consumer base and increasing growth in many parts of the world, the halal industry is now
set to become a competitive force in the world international trade. The halal industry has now expanded well beyond the food
sector further widening the economic potentials for halal goods “Islam Channel TV”
The halal market has been underestimated but now consumers and businesses have
now realised how vast it is. The UK halal market is today worth around $4.5 billion
and is expected to grow by 5 per cent each year. (Asianexpress2019)