With a Muslim population estimated at 20 million, the EU-28 enjoys an annual growth rate of around 15 percent in a halal food market worth US$30 billion. France has the largest Muslim population in Europe (an estimated 4.7 million) and its halal market is valued at around $8 billion. Because of its large Muslim population and the dynamism of its halal market, France is considered the hub of the halal market in Europe.