Economists' Pick - Highlight
17 Feb 2017
It is estimated that the global Muslim population is about two billion. While the growth of the halal food market will primarily be driven by the increasing demand from Muslim, there is also a rising demand from non-Muslim consumers. Hong Kong as an international food trading hub, companies based there will be ideally placed to capitalise on the niche business opportunities accorded by the halal food industry.
Indonesia’s sizeable population, plus an average of 6% annual economic growth over the past decade, has made the country an enormously appealing consumer market. Coupled with the advantageous confluence of a mushrooming middle class and the fast growth of e-commerce, it is not surprising that the nature of the country’s consumer market is changing fast, involving a range of new business crossovers between various industries and players.