Vietnam taps blockchain to target $3T halal food market

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Vietnam taps blockchain to target $3T halal food market - CoinGeek

Quick Summary:

Vietnam’s firms target the Middle East, North Africa, and neighboring Muslim nations like Indonesia and Malaysia with blockchain-certified halal products.

The post Vietnam taps blockchain to target $3T halal food market appeared first on CoinGeek.

The halal market was valued at $7 trillion in 2020 and is projected to hit $10 trillion by the decade’s end. The halal food market, in particular, was valued at $3 trillion last year and is expected to grow at a compound annual growth rate (CAGR) of 12.4% to hit $9.5 trillion by 2034.