What Is Halal Industry

This development has been triggered by the change in the mind set of muslim consumers as well as ethical consumer trends worldwide. Planes cars and ships made it easy and affordable for people to travel from one country to another. The halal market is non exclusive to muslims and.

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Global Halal Industry

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The halal industry is booming.

What is halal industry. Halal is an arabic word meaning lawful or permitted. The global halal industry is growing exponentially in tandem with the rise in muslim population. That means they cannot have some areas that meet standards and others which do not. The halal industry provides a range of services that are specific to many other industries.

And the industry is growing fast. In reference to food it is the dietary standard as prescribed in the qur an the muslim scripture. Affluent muslims the halal industry has expanded further into lifestyle offerings including halal travel and hospitality services as well as fashion. The opposite of halal is haram which means unlawful or prohibited.

The global halal industry incorporates everything from medicines to cosmetics. Halal and haram are universal terms that apply to all facets of life. According to the 2017 2018 global islamic economy report by thomson reuters in collaboration with dinarstandard globally muslim consumers spent us 1 2 trillion on food and beverage in 2016. French supermarkets had halal food sales totaling 210 million in 2011 a 10 5 growth from 5 years prior.

With greater awareness and acceptance amongst muslims and non muslims alike on the concept of halal this comes as a boon for industries like food and beverage clothing and apparel cosmetics and pharmaceutical media and entertainment travel and finance. Research and technology is another important service as funding is used to create new halal products or alter existing illegal items to those that can be certified. In france the market for halal foods is even larger than the market for other types of common foods. Halal tourism is a booming industry and here s why.

These services include regulation logistics and marketing for all types of products. Image caption the global halal food and lifestyle industry is estimated to be worth hundreds of billions of dollars. The halal industry has become one of the important business segments due to the growing muslim population rapid digitalization high demand of halal products and an integrated global economy. By 2022 this figure is expected to reach us 1 9 trillion.

We are long away from the time where everyone stayed in their country. The halal food and beverage industry has also made a significant impact on supermarkets and other food business such as restaurants.