Halal food and products is part of the Muslim religion practices. Based on research done by Thomson Reuters in collaboration with Dinar Standard in year 2014, the total halal food and beverages has touch $1.1 trillion in 2013 and estimated to grow to $1.6 trillion in year 2018.
The reasons for rapid growth of the halal industry was mainly driven by the growth of the Muslim population. According to the Pew Research Center report as of 2010, Islam is the second largest religion after Christianity which estimated a total of 1.6 billion people.
The increase in the economic growth of large Muslim population too increase their level of spending and open up their awareness to choose for better quality products.
According to the report of Spire Research Consulting, the combine disposable income of the American Muslim in 2012 alone is US$98 billion.
With already a huge and growing world market, Malaysia being a Muslim country will benefit tremendously and become an important market player of Muslim food production house.
An interview with Miss Doreen Low from Serunai Commerce Sdn Bhd, which is the driving force of "Global Halal Data Pool" said, that registration of all halal product manufacturer in Malaysia will propel Malaysia halal products into the world market effortlessly.
The role of Global Halal Data Pool in brief will be dealing with halal governance and world syariah compliance, halal certification recognition and integrity, halal services in total and most important is the trace-ability of the complete supply chain of the product.
 | |||
| Miss Doreen Low from Serunai |
Halal Development Corporation was established by Malaysia government to spearhead the growth of halal products manufacturing sector and the vision of Malaysia as the biggest halal hub in the world.
Extremely attractive incentives was roll out for investors that are keen to venture into this area. 100% income-tax exemption, investment tax allowances and exemption on import duties for equipment are available to encourage the growth of the halal industries.
For further information, please log on to www.hdcglobal.com/publisher/halal_park_incentives.
Extremely attractive incentives was roll out for investors that are keen to venture into this area. 100% income-tax exemption, investment tax allowances and exemption on import duties for equipment are available to encourage the growth of the halal industries.
For further information, please log on to www.hdcglobal.com/publisher/halal_park_incentives.
