Domestic Economy
0

Iran’s Share of Global Halal Market at Less Than 1%

Iran’s Share of Global Halal Market at Less Than 1% Iran’s Share of Global Halal Market at Less Than 1%

Iran accounts for less than 1% of the global trade of halal products, according to the Leader of the Islamic Revolution's representative in the Agriculture Ministry.
“The global halal market turnover amounts to around $4 trillion per year, yet Iran’s share in this market is meager. Iranians account for 4-5% of the world’s Muslim population and we are neighboring more than 350 million Muslims in the region,” Reza Taqavi was also quoted as saying by Mehr News Agency.
The official added that Iran has the capacity to increase its share and provide halal products for this huge and expanding market.

Premium

Subscribe to the Financial Tribune to continue reading this article or Log in to your account if you are already a subscriber.

Find out more about our subsciption plans here.

Add new comment

Financialtribune.com