Halal is an Arabic word that means “Permitted or Lawful”. Halal is something that is lawful for consumption by humans and encompasses products & services both. It is simply a way to live a healthy, sustainable, ethical, responsible, peaceful and meaningful life. It is a lifestyle which revolves around the principles of preservation of life and being humane. Anything that is good for the humans and does not harm them is Halal. Halal is applicable to foods, feeds, revenue, clothing, medicine, cosmetics, etiquette, etc among others. Another term closely associated with and frequently used alongside Halal is Toyyibah. It is Arabic for “Wholesome” and implies healthy, hygienic, safe and quality products & services.
Global presence of Halal
Halal is a multi trillion dollar global force that is gradually penetrating each and every sector of business & life. At present it is estimated to be staggering $4.5 USD Trillion which comprises of $1.4 USD Trillion Halal Finances, $1.1 USD Trillion Halal Food, $224 USD Billion Halal Fashion, $150 USD Billion Halal Tourism, $95 USD Billion Halal Pharmaceuticals, $60 USD Billion Halal Cosmetics and others. Global Halal Food Market constitutes 16% of the total global food industry at present. It is growing exponentially at the rate of 6.9% which is faster than the general food sector. It will be 17.4% in 2018 and approximately 20% by 2030 with Asia, Africa & Europe share of 63%, 24% and 10% respectively. By 2018 it will worth $1.6 USD Trillion alone. The Global Muslim Tourism Expenditure is $126.124 Billion as in 2011 and growing at the rate of 4.79% will be $192 Billion by 2020 according to Global Muslim Lifestyle Travel Market 2012. states that Gulf travellers spend $12 Billion (£7.7 Billion) annually on leisure travel. Other than food none of the sectors have been properly tapped so far and there is still lot of potential for radical growth & emergence of halal products and markets globally. Even halal food sector has a long way to go before it reaches its maximum potential. There are still some halal sectors which don’t exist at present and there are markets which is oblivion to existence of halal. The main drivers for the globally expanding halal markets are rapidly increasing Muslim population, Economic development of Islamic nations and Muslims, New emerging halal markets in Muslim minority regions & better wide spread awareness about halal.
Halal is a multi trillion dollar market and is still increasing exponentially. Due to globalization there is a free flow of goods across the borders. But not all products suitable for every region or nation hence the Islamic nations require halal certificate for the products being imported into their countries. Regions like Gulf and South East Asia are the few of the largest market for Indian made products. To gain entry into these markets it is essential to have halal certificate especially for food products but soon it will be mandatory for all products. Since these markets are dominated by Muslim consumer, a halal logo on your product will help to promote and market your product more thus building a strong brand value for your product. There are countries as well there is a demand for halal products for example Europe, Africa, India, Bangladesh, US, etc.
A halal certificate is relevant for manufacturers, packers and/or traders of products which includes food, cosmetics, flavor, fragrance, pharmaceuticals, Nutraceuticals, AYUSH, toiletries, chemicals, agri-products, etc. Catering companies or companies preparing food like centralized kitchens, restaurant, eating outlet, kiosk, etc can also be halal certified to ensure consumer to get halal food. Under tourism category we certify hotels, hospitals, resort, entertainment area, amusement park, etc as halal based on services and food they provide. For tourism category we provide two certificates one for service and another for food they serve wherever applicable. For companies involved in supply chain we provide certificate for logistic/transportation and and storage/warehouse business. This will help ensure halal compliance of product throughout the supply chain ensuring a total halal food reaches the consumers. Apart from this we will be starting finance based certification soon.
Benefits to Business & Industries
- Produce high quality of halal products through appropriately trained workforce
- Implement the knowledge of Halal & global Halal market to develop new products
- Ensure consumer/ clients satisfaction by implementation and sustaining Halal assurance system
- Help to develop a brand name for the product in Halal market globally through Halal complaint professional leading to Halal compliant
- Discover new business opportunity in global Halal market