GENERAL

GLOBAL MUSLIM FOOD CONSUMPTION SPENDING TO REACH US$1.3 TRILLION BY 2024 – FADILLAH

29/11/2023 05:25 PM

KUCHING, Nov 29 (Bernama) -- Global Muslim food consumption spending is projected to reach a staggering US$1.38 trillion by 2024, said Deputy Prime Minister Datuk Seri Fadillah Yusof. 

He said young people, who will form 60 per cent of the world’s two billion Muslim population by 2030, are already influencing this surge in consumption.

“They are driving a revolution in which halal is synonymous with health, hygiene, and ethical stewardship,” he said when speaking at the 2nd Global Muslim Business Forum 2023 here today.

Fadillah said the government recognises the intrinsic value of halal certification to ensure that consumer goods such as pharmaceuticals, nutraceuticals, cosmetics and food meet the highest halal standards.

“This commitment has encouraged major players in the consumer goods sector to invest in halal production lines, thus ensuring that our products are trusted on the global stage.

“As the younger generation becomes increasingly eco-conscious, we see a rise in demand for plant-based products and healthy foods and halal-certified offerings are expanding rapidly,” he added.

-- BERNAMA


BERNAMA provides up-to-date authentic and comprehensive news and information which are disseminated via BERNAMA Wires; www.bernama.com; BERNAMA TV on Astro 502, unifi TV 631 and MYTV 121 channels and BERNAMA Radio on FM93.9 (Klang Valley), FM107.5 (Johor Bahru), FM107.9 (Kota Kinabalu) and FM100.9 (Kuching) frequencies.

Follow us on social media :
Facebook : @bernamaofficial, @bernamatv, @bernamaradio
Twitter : @bernama.com, @BernamaTV, @bernamaradio
Instagram : @bernamaofficial, @bernamatvofficial, @bernamaradioofficial
TikTok : @bernamaofficial

© 2024 BERNAMA   • Disclaimer   • Privacy Policy   • Security Policy