halal - a global market opportunity
TRANSCRIPT
HALALA Global Market Opportunity
consultantsimarat
BirminghamSeptember 2010
Intention➡ Raise Awareness➡ Provide Context➡ Create Enthusiasm➡ Stimulate Ideas➡ Formulate questions
2Halal Market Analystsconsultantsimarat
“With many of the world's consumer segments reaching a saturation point, the Muslim consumer is fast becoming a new outlet to build a base for future growth.
... Although there are political and social pitfalls to consider, the opportunities are so vast and far-reaching that they greatly outweigh the risks...
Since Muslims are the fastest growing consumer segment in the world, any company that is not considering how to serve them is missing a significant opportunity to affect both its top-and bottom-line growth...”
“Addressing the Muslim Market - can you afford not to?” A T Kearney 2008
The Global Halal Movement has the potential to be the
most influential new market force
of the coming decade
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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.
Halal Market Analystsconsultantsimarat
The Halal Food Market is expandingfine dining to fast food...in the air, and in the prison...in schools, hospitals and military rations
8Halal Market Analystsconsultantsimarat
New Halal non-food industry sectors Personal care - Pharmaceuticals - Logistics - Travel & Hospitality - ICT development - Internet - Media
9Halal Market Analystsconsultantsimarat
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
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Halal - a global market force
11Halal Market Analystsconsultantsimarat
Meat & Poultry
Food Manufacturing
Food Retailing
Restaurant Chains
Food Service Industry
Logistics & Shipping
Islamic Banking & Finance
Standards, Auditing, Certification
Science & new technologies
Personal care products
Pharmaceuticals
Lab Testing
Software Applications
Content Providers
Media, PR. Marketing
Event Management
Training, teaching, consulting
USD 632 billion annually
Expanding market parameters
New business opportunities
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Upmarket • natural • organic • ethnic • environment • animal welfare
Mainstream • supermarket • global presence • full product range • diverse application
Professional • standard • audit & certification • composite compliance
Lifestyle Movement • new ‘green’ • ethical & moral values • popular culture
High level qualityassurance mark
Influentialopinion forming
Track & TraceSecure supply chain
Worldwide availability& acceptance
Evolutionof Halal
as MarketParameter
Halal Market Analystsconsultantsimarat
➡ ICT Developments
➡ Track & Trace applications
➡ ERP & Production software
➡ Internet marketing & networking
➡ JV’s, partnerships, investment, M&A
➡ Media & marketing
➡ Auditing procedures
13Halal Market Analystsconsultantsimarat
Next-generation interaction between sectors to create new sub-sectors
Evolution of Halal AwarenessGovernments, Corporations, Banks, NGO’s, SME’s, Islamic Associations, General Public, Media, Universitiescoming next...Ad agencies, marketing specialists, research agencies, media moguls, venture capitalists
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Halal Standards➡ Countries➡ Islamic Councils➡ Industry Associations➡ Political entities➡ Accreditation Agencies
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Taking Halal Standards to the next level
Re-evaluating ValueHalal Values acquire Commercial Value within the Halal Market Economy
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‣Lawful‣Safe‣Nutritious‣Healthy‣Humane‣Aware‣Equitable
‣Products‣Services‣Companies‣Management‣Leadership
‣Ethical‣Moral‣Spiritual
Halal
Convergence of common interest produces conditions for a perfect storm
Government Support - Available FinanceIndustry Initiative - Efficient Infrastructure
Consumer Demand - Media Interest
17Halal Market Analystsconsultantsimarat
Thank youFor further information
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www.halalfocus.com
or email [email protected]
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