Halal Certification helps compliant companies gain access to nearly a quarter of the world’s population. Whether you want to capture domestic or global Halal market, you will need to obtain Halal Certification from an internationally recognized organizations. Planning to get your Halal certification for export? DagangHalal will guide you from the start to the end.
The number of Muslims worldwide is 1.7 billion, 1.2 billion in Asia regions alone. 600 million population in Southeast Asia – Indonesia with the largest Muslim population, estimated 229.6 million Muslims. As cited by Amna Puri-Mirza. (2022, February 28), the Halal product market is expected to grow from 1.4 trillion USD in 2017 to around 2.6 trillion USD by 2024. Thus, this opens opportunity for manufacturers to export their Halal products to the global Halal market. Since almost one quarter of the world’s population is Muslim, it is important for manufacturers to understand the Muslim mindset when operating in countries where Islam has a large influence.
When we talk about global economic, China ranked third as the most popular headquarter location of all companies analysed. There are currently 219 Multinational Corporations (MNCs) headquartered in China. Considered as the world’s fastest-growing economies, China has become one of the world’s most hyped location for investment. Despite the rivalry related to the U.S.-China trade war, the number of large multinationals that have presence in the country keeps increasing. The top 4 regions in China for MNCs to be doing business in are Shanghai, Beijing, Guangzhao and Congqing. However, manufacturers with headquarters in China are facing challenges in order to implement the Halal concept in their daily operations. Reason for this is that, obtaining Halal certification requires companies to adhere to the requirements and Halal compliance imposed by the Halal Certification Bodies. Other than that, the lack of nationwide Halal food certification system has become a struggle for Halal food manufacturers in China to go global. As a consequence, some Asian countries have used the certification system as a trade barrier to prevent these companies from entering their market.
When competing the market worldwide, the influence of religions on consumer demands should not be underestimate. Halal is no longer considered solely as a religious requirement for the Muslim, but it is also needed by the non-Muslims due to cleanliness, hygiene and safety issue. As an industry experts, DagangHalal provides a detailed overview of the global halal food and beverage market, as well as consultancy service in acquiring for global Halal certification – allowing companies to expand and establish a sustainable and profitable enterprises. In addition to that, for MNCs looking for opportunities to venture in global Halal market – given the significant growth within the Halal industry, the benefits for these multinational companies are larger than any time before.
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