WHAT IS HALAL?
Halal is an Arabic word meaning lawful or permitted. In reference to food, it is the dietary standard, as prescribed in the Qur’an (the Muslim scripture). Halal and haram are universal terms that apply to all facets of life. These terms are commonly used in relation to food products, meat products, cosmetics, personal care products, pharmaceuticals, food ingredients, and food contact materials.
WHY CHOOSE HALAL INDUSTRY?
Muslims worldwide today are experiencing an increase in their awareness towards the HLAL conc and this has opened up the deman for HALAL products, the HALAL industry now spans across food processing, food service, cosmetics, personal care, pharmaceuticals & logistics industries and expanding further into lifestyle offerings including HALAL travel & hospitality services.
HALAL markets have grown from HALA food to new areas like HALAL cosmetics, HALAL food to new areas like HALAL cosmetics, HALAL logistics, HALAL fashion and muslim-friendly tour and travel services. Islamic finance, relatively a mature interest-free market that caters to the muslim consumer, has estimated the total assets of shariah-compliant products across the world. Recent studies proved that using HALAL products in not only eco-friendly but it also has no negative effects on human body.
HALAL MARKET IN INDIA
India has the world’s third largest Muslim population at more than 150 million, and presents huge market opportunities for halal-based entrepreneurs. the halal industry is predominantly linked to the consumption of halal meat. With only a handful of companies involved in selling halal personal care products, the industry is clearly an untapped segment within the highly competitive FMCG market in India.
GROWTH OF HALAL INDUSTRY IN THE RECENT YEARS
The Halal market covers more than just food and beverages. The Halal industry has experienced a soaring demand for Halal products worldwide such as cosmetics, toiletries, pharmaceuticals and now even services including travel, banking, finance and logistics. Because of the increase of products many consumers are looking for Halal-certified food and many manufacturers are looking to get Halal-certified. Getting Halal certification is not an easy feat. The industry has expanded across many other markets and regions outside of the Middle East this is reflected especially in Asia.