Halal - A Global Market Opportunity
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Halal - A Global Market Opportunity

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Halal - A Global Market Opportunity Halal - A Global Market Opportunity Presentation Transcript

  • HALALA Global Market Opportunity Birmingham September 2010 imarat consultants
  • Intention ➡ Raise Awareness ➡ Provide Context ➡ Create Enthusiasm ➡ Stimulate Ideas ➡ Formulate questionsimaratconsultants Halal Market Analysts 2
  • “With many of the worldsconsumer segments reaching asaturation point, the Muslimconsumer is fast becoming a newoutlet to build a base for futuregrowth.
  • ... Although there are politicaland social pitfalls to consider,the opportunities are so vastand far-reaching that theygreatly outweigh the risks...
  • Since Muslims are the fastestgrowing consumer segment in theworld, any company that is notconsidering how to serve them ismissing a significant opportunityto affect both its top-and bottom-line growth...” “Addressing the Muslim Market - can you afford not to?” A T Kearney 2008
  • The Global Halal Mo vementhas the potential to be the most influential new market force of the coming deca de
  • Evolution of global Halal market➡ 50’s & 60’s - Muslim immigrants establish Halal meat outlets worldwide➡ 70’s & 80’s - Middle East oil revenue fuels Halal meat & poultry imports➡ 80’s & 90’s - Take away’s, fast food chains, restaurants, hotels serve Halal. Steady increases in Halal food manufacturing capacity. Major players stake out their positions.➡ 2000’s - Governments, major retailers, food service, travel & hospitality, events, media.➡ Halal becomes a factor in economic & political planning.imaratconsultants Halal Market Analysts 7
  • The Halal Food Market is expanding fine dining to fast food...in the air, and in the prison...in schools, hospitals and military rationsimaratconsultants Halal Market Analysts 8
  • New Halal non-food industry sectors Personal care - Pharmaceuticals - Logistics - Travel & Hospitality - ICT development - Internet - Mediaimaratconsultants Halal Market Analysts 9
  • Recent recognition of farm-to-fork Halal supply chain ➡ Halal compliance is increasingly expected to cover the entire process ➡ Governments and Multinational corporations will be driving this development ➡ International Standards compliance will become increasingly important ➡ Sub-standard will not survive market competition 10
  • Halal - a global market force Meat & Poultry Pharmaceuticals Food Manufacturing Lab Testing Food Retailing Software Applications Restaurant Chains Content Providers Food Service Industry Media, PR. Marketing Logistics & Shipping Event Management Islamic Banking & Finance Training, teaching, consulting Standards, Auditing, Certification USD 632 billion annually Science & new technologies Expanding market parameters Personal care products New business opportunitiesimaratconsultants Halal Market Analysts 11
  • Upmarket • natural • organic • ethnic High level quality • environment Influential assurance mark • animal welfare opinion forming Professional Evolution Lifestyle Movement • standard of Halal • new ‘green’ • audit & certification • composite compliance as Market • ethical & moral values • popular culture Parameter Track & Trace Mainstream Worldwide availability Secure supply chain • supermarket • global presence & acceptance • full product range • diverse applicationimaratconsultants Halal Market Analysts 12
  • Next-generation interaction between sectors to create new sub-sectors ➡ ICT Developments ➡ Track & Trace applications ➡ ERP & Production software ➡ Internet marketing & networking ➡ JV’s, partnerships, investment, M&A ➡ Media & marketing ➡ Auditing proceduresimaratconsultants Halal Market Analysts 13
  • Evolution of Halal Awareness Governments, Corporations, Banks, NGO’s, SME’s, Islamic Associations, General Public, Media, Universities coming next...Ad agencies, marketing specialists, research agencies, media moguls, venture capitalistsimaratconsultants Halal Market Analysts 14
  • Halal Standards ➡ Countries ➡ Islamic Councils ➡ Industry Associations ➡ Political entities ➡ Accreditation AgenciesTaking Halal Standards to the next levelimaratconsultants Halal Market Analysts 15
  • ‣Lawful ‣Safe ‣Products ‣Nutritious ‣Services ‣Ethical ‣Healthy ‣Companies ‣Moral Halal ‣Humane ‣Management ‣Spiritual ‣Aware ‣Leadership ‣EquitableRe-evaluating Value Halal Values acquire Commercial Value within the Halal Market Economyimaratconsultants Halal Market Analysts 16
  • Convergence of common interest produces conditions for a perfect storm Government Support - Available Finance Industry Initiative - Efficient Infrastructure Consumer Demand - Media Interestimaratconsultants Halal Market Analysts 17
  • imarat consultants Thank you For further information please visit www.imaratconsultants.com www.halalfocus.comor email hamid@imaratconsultants.com