Innovations in blockchain, QR codes and a wealth of outside investments have propelled the global halal food sector, with Malaysia becoming a key beneficiary, according to new data.
A Singapore agri-food marketplace harbours ambitions of being the halal-tech world’s first unicorn, even though it started off modestly and remains largely bootstrapped.
Crave Halal, an iPhone app and e-website that helps Muslims to find halal food, has recently been launched in South Korea, just in time for the Pyeongchang 2018 Winter Olympics in February.
Having risen to become one of the world’s biggest producers of halal food, Thailand is now seeking to invest in halal production in neighbouring Cambodia.
Global sales of halal products have surged in recent years, yet the potential for further growth, both in Islamic and non-Islamic countries, remains vast.
Thompson Reuters has cut its growth forecast for the global Halal food market, saying the market will grow to just under US$1.6tn by 2020, instead of 2018 as predicted last year.
The European halal market is booming and set to grow – but manufacturers must appeal to Muslims without alienating non-Muslim consumers if they want to maximise sales , say experts.
Korea has signed a memorandum of understanding with the UAE to develop its Halal food industry, with the aim of almost doubling its current US$680m Halal food exports to US$1.23bn by 2017.
The global Halal food market will be worth US$1.6tn by 2018, up from US$1.1tn in 2013, according to a report commissioned by Dubai Chamber of Commerce.
Two Gulf investment vehicles have bought major stakes in Turkish food producers in recent weeks, as Turkey positions itself as a major halal food producer.
Dubai plans to launch a new international centre for halal certification within the first-quarter of 2014, with the goal of making the emirate the world leader in halal certification.
The impression I have always had when travelling abroad is that people overseas think of India as a Hindu-dominated country with a minority sprinkling of other religions. While that its true in essence, it is a fallacy when you talk in numbers.
Ningxia Hui Autonomous Region in northwest China is home to 10% of the country’s 20m Muslims. While by no means does it have a majority Muslim population, the strong Islamic tradition by the ethnic Hui people of this Silk Road region dates back to its...
Asia’s Muslim-majority countries should see Western nations as a viable and potentially lucrative market for their halal products, according to a leading food marketing consultant.
Authorities in the Malaysian state of Sarawak have said that they will increase the monitoring of halal canned food products imported from China in the light of a recent scare.
