Imarat Consultants are Halal Market specialists in research, intelligence and analysis of the rapidly growing market for Halal products and services.
HALAL - A NEW MARKET FORCE
The interest and demand for Halal-certified products and services continues to increase across global markets, making Halal not just a religious obligation, but also a powerful market force.
With a consumer base of 2 billion Muslims world-wide, and with its strong cross-over potential becoming apparent, Halal is emerging as the standard of choice for consumers and manufacturers in many parts of the world.
With per capita expenditure on food and beverages consistently on the rise, especially throughout the Muslim world, the estimated market value for Halal products has reached to several hundred billion USD annually.
With the recent interest in Halal healthcare, including personal hygiene and cosmetic products, the overall Halal market value is expected to rise even further.
For many producers, the conversion to Halal-only production makes good economic sense, for both meat and non-meat product ranges.
With the added interest by logistics providers and major retail chains to serve the Halal market, coupled with a professional approach to auditing and certification procedures, we expect to see dramatic increase in the overall Halal market value.
The powerful Islamic financial sector is now beginning a synergistic convergence with the Halal market, forming the basis of a new Halal market economy.
With more and more funds looking for Shariah-compliant investment opportunities, several major Islamic financial institutions are now becoming actively involved in the emerging Halal sector.
If your company has an interest in this dynamic emerging market, you need to understand it.