FOOD and beverage topped Muslim spending by category last year, exceeding the spending of the world’s largest economies, United States of America (US), China and Japan.
Spending is expected to further accelerate, as shown in the most recent report about the state of the Islamic economy, published by Thomson Reuters and Dinar Standard, which expected Muslim spending on food and beverage to grow from $1.17 trillion last year to $1.9 trillion by 2021.
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