halal - a global market opportunity

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HALAL A Global Market Opportunity consultants imarat Birmingham September 2010

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Page 1: Halal - A Global Market Opportunity

HALALA Global Market Opportunity

consultantsimarat

BirminghamSeptember 2010

Page 2: Halal - A Global Market Opportunity

Intention➡ Raise Awareness➡ Provide Context➡ Create Enthusiasm➡ Stimulate Ideas➡ Formulate questions

2Halal Market Analystsconsultantsimarat

Page 3: Halal - A Global Market Opportunity

“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.

Page 4: Halal - A Global Market Opportunity

... Although there are political and social pitfalls to consider, the opportunities are so vast and far-reaching that they greatly outweigh the risks...

Page 5: Halal - A Global Market Opportunity

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

Page 6: Halal - A Global Market Opportunity

The Global Halal Movement has the potential to be the

most influential new market force

of the coming decade

Page 7: Halal - A Global Market Opportunity

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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

Page 8: Halal - A Global Market Opportunity

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

Page 9: Halal - A Global Market Opportunity

New Halal non-food industry sectors Personal care - Pharmaceuticals - Logistics - Travel & Hospitality - ICT development - Internet - Media

9Halal Market Analystsconsultantsimarat

Page 10: Halal - A Global Market Opportunity

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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Page 11: Halal - A Global Market Opportunity

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

Page 12: Halal - A Global Market Opportunity

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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

Page 13: Halal - A Global Market Opportunity

➡ 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

Page 14: Halal - A Global Market Opportunity

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

14Halal Market Analystsconsultantsimarat

Page 15: Halal - A Global Market Opportunity

Halal Standards➡ Countries➡ Islamic Councils➡ Industry Associations➡ Political entities➡ Accreditation Agencies

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Taking Halal Standards to the next level

Page 16: Halal - A Global Market Opportunity

Re-evaluating ValueHalal Values acquire Commercial Value within the Halal Market Economy

16Halal Market Analystsconsultantsimarat

‣Lawful‣Safe‣Nutritious‣Healthy‣Humane‣Aware‣Equitable

‣Products‣Services‣Companies‣Management‣Leadership

‣Ethical‣Moral‣Spiritual

Halal

Page 17: Halal - A Global Market Opportunity

Convergence of common interest produces conditions for a perfect storm

Government Support - Available FinanceIndustry Initiative - Efficient Infrastructure

Consumer Demand - Media Interest

17Halal Market Analystsconsultantsimarat

Page 18: Halal - A Global Market Opportunity

Thank youFor further information

please visitwww.imaratconsultants.com

www.halalfocus.com

or email [email protected]

consultantsimarat