State of the Global Islamic Economy Report 2014/2015

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Halal Food Market

Global Muslim spending on Food and Beverages (F&B) has increased 10.8% to reach $1,292 billion in 2013. This takes the potential core Halal Food market to be 17.7% of the global expenditure in 2013 compared to 16.6% the year before. This expenditure is expected to grow to a $2,537 billion market by 2019 and will account for 21.2% of the global expenditure. Top countries with Muslim
consumer food consumption are Indonesia ($190 billion), Turkey ($168 billion), Pakistan ($108 billion) and Iran ($97 billion) based on 2013 data.

Clothing & Fashion Market

Global Muslim consumer spending on clothing and footwear has increased 11.9% to reach $266 billion in 2013. This makes the Muslim clothing market to be 11.9% of the global expenditure and is expected to reach $488 billion by 2019. Top countries with Muslim consumers clothing consumption (based on 2013 data) are Turkey ($39.3 billion), United Arab Emirates ($22.5 billion), Indonesia ($18.8 billion), and Iran ($17.1 billion).

Travel & Tourism Market

Global Muslim spending on travel (outbound) has increased 7.7% to reach $140 billion in 20135 (excluding Hajj and Umrah). This is 11.6% of the global expenditure and is expected to reach $238 billion by 2019. Top source countries of Muslim tourists based on 2013 expenditure were: Saudi Arabia ($17.8 billion), Iran ($14.3 billion), United Arab Emirates ($11.2 billion), Qatar ($ 7.8 billion), Kuwait ($7.7 billion), and Indonesia ($7.5 billion).

Media & Recreation Market

Global Muslim spending on recreation and culture has grown 7.3% to reach $185 billion in 2013. 6 This represents 5.2% of the global expenditure and is expected to reach $301 billion by 2019. Top countries with Muslim consumers’ recreation consumption (based on 2013 data) are: Turkey ($30.3 billion), Indonesia ($9.4 billion), United States ($9.1 billion), Iran ($9 billion), and France ($8.4 billion.)

Pharmaceuticals and Cosmetics Market

Global Muslim consumer spending on pharmaceuticals has increased 2.1% to reach $72 billion in 2013. This makes the Muslim pharmaceuticals market to be 6.6% of the global expenditure and is expected to reach $103 billion by 2019. Top countries with Muslim pharmaceuticals consumers are Turkey ($8.9 billion), Saudi Arabia ($5.9 billion), Indonesia
($4.9 billion), and Iran ($3.7 billion.)

Source: Thomson Reuters / DinarStandard

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