Analysis of the halal industry

Analysis of the halal industry

In spite of these changes in perceptions, the growing Muslim population is, however, the most vibrant factor fueling demand for these foods. The report also provides a detailed value chain. Pew Research Centre. Mohan, R. Park, H. Korean Management Consulting Review, 18 1 , — The increasing population and rising consumer cognizance towards Islamic lifestyle and food specially in the Middle East is a major factor driving the industry growth. Halal certification, although not compulsory in many countries, is very important to a large majority of Muslims as it informs them that the product in question usually food is safe to use or consume. For instance, in , Haribo, a gummy manufacturer opened a halal candy store in the UK. The absence of a single international certification and difference in standards in different countries is a major concern faced by the industry players currently.

Also, these companies have to constantly update various certifications to optimize the trade process at several instances where these become mandatory for exports.

Source: Various Non-Muslim halal exporters While there is little doubt that the halal industry is catered to the Muslim market and all of the biggest importers of halal foods and beverages are Muslim-majority countries, ironically, it is non-Muslim countries which are the biggest exporters.

Han, A. For instance, evolving blockchain technology to confirm halal compliance during each stage of the production has eliminated fraud and increased product quality.

international halal food market

Lee, H. The increasing population and rising consumer cognizance towards Islamic lifestyle and food specially in the Middle East is a major factor driving the industry growth. The primary concern for the manufacturers is to determine the specific standard that is likely to offer them the best possible access to a target market.

Jusoh, A. It is highly expected that every stakeholder must be fully accountable and responsible for procuring, handling, manufacturing, and quality control of halal foods.

halal food market

However, the law was never passed as discussions on how to implement it have been ongoing ever since Jokowi took office.

The increasing popularity of halal nutraceuticals followed by technological development in the pharmaceutical industry such as halalopathy is expected to drive the market over the coming years.

Global halal market statistics

Jusoh, A. Also, these companies have to constantly update various certifications to optimize the trade process at several instances where these become mandatory for exports. Halal Industry Development Cooperation. The market is expected to continue to build its momentum across the global supply chain. Mohan, R. The global halal market gives a holistic view encompassing evolution of halal industry for key regions and countries. However, the law was never passed as discussions on how to implement it have been ongoing ever since Jokowi took office.
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Halal Food & Beverage Market Size, Share