Halal is an Arabic word that implies admissible. A Halal Certified item means that the item is admissible or satisfactory as per Islamic law. With the goal for items to get this Certification. They should be from a worthy source, for example, a dairy animals or chicken and butchered by these laws.
Halal is an Arabic word that means permissible. A Halal certified product means that the product is permissible or acceptable in accordance with Islamic law. In order for products to receive this certification, they must be from an acceptable source such as a cow or chicken and slaughtered according to these laws.
Offering Halal certified products allows Muslim consumers to be confident that the products they use are in alignment with their culture and beliefs. Similarly, products can also be Kosher certified, which gives Jewish consumers the same piece of mind.
There are approximately 2 billion Muslims across the globe, with almost 4 million residing is the US. This market segment has experienced a rapid growth rate over the past several years and is currently valued at approximately $2 trillion USD. According to CNBC, the cosmetic, personal care, healthcare and pharmaceutical industries will see the largest growth in Halal products as the demand is growing at a rapid rate.
The Dubai Chamber of Commerce estimated the global industry value of halal food consumer purchases to be $1.1 trillion in 2013, accounting for 16.6 percent of the global food and beverage market, with an annual growth of 6.9 percent. Growth regions include Indonesia ($197 million market value in 2012) and Turkey ($100 million). The European Union market for halal food has an estimated annual growth of around 15 percent and is worth an estimated $30 billion. Approximately $8 billion of which are accounted for in France.
In order to complete the Halal Certification process, companies must complete a three-step process with an advisory group. This process includes:
There are lots of benefits of having Halal Certificatio for your comapny such as:
– Competitive advantage in export market.
– Easy access to market of Muslim countries.
– Listing of your company in worldwide directory.
– Requires well-being and cleanliness too which is essential to outsider.
