Saturday, 28 May 2016

HALAL AND VEGAN DRIVE ETHICAL LABEL MARKET WITH ANNUAL GROWTH OF OVER 5 PERCENT BY 2020

LONDON, May 26 (Bernama-BUSINESS WIRE) -- Global Market Research Company Euromonitor International launched today the new Ethical Labels database, responding to the growing movement towards sustainability, social responsibility and transparency on labels.
 

According to the new research, halal and vegan labels are set to grow by a compound annual growth rate of over 5 percent annually between 2015 and 2020, translating into US$ 13.0 billion and 708 million additional sales, respectively.

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