H.E. Mohammed Saleh Badri, Secretary General, International Halal Accreditation Forum (IHAF) for their upcoming workshop entitled: “Global Halal Trade, Challenges and Opportunities” coinciding with IHAF 2nd Board of Directors and IHAF 2nd General Assembly meetings – Vancouver, Canada.
IHAF would like to welcome all interested parties to this year’s workshop entitled: “Global Halal Trade, Challenges and Opportunities”, coinciding with the joint IAF and ILAC Annual Meetings at the spectacular metropolis of Vancouver, Canada.
Global interest in halal products from Muslims and non-Muslims has been witnessing a remarkable growth, highlighting the need to actively advance efforts toward harmonizing and unifying halal criteria and practices in order to create a halal market that consumers can trust.
Statistics show that the halal food market alone is projected to rise to $1.6 trillion by 2020 and trade volume for overall halal food and lifestyle sector, which was $1.8 trillion in 2014, is projected to cross $2.6 trillion by year 2020.
This astounding growth clearly indicates the abundance of opportunities that lie ahead. A unified effort would ensure that the global halal industry is able to effectively and efficiently allow global players to tap into these opportunities.
To highlight this, existing data reveal that Muslims’ global spending on food and beverage ranks first worldwide ($1.17 trillion), ahead of China ($854 billion), the United Sates ($771 billion), Japan ($380 billion), and India ($341 billion).
The phenomenal growth in halal is also seen from non-Muslim population worldwide, who are opting for halal products as a healthy option. This brings a responsibility for the industry to protect the customers and provide them with credible, reliable options.
Today, various countries have different certification criteria for halal products, which inadvertently forms trade barriers. Unifying the standards is the key to removing these trade barriers and creating a sustainable, strong, and reliable global halal market.
This unification and standardization of practices and schemes in halal sector are among top priorities of IHAF.
IAF and ILAC are making commendable efforts for the benefit of a broader marketplace through accreditation and standardization. And our cooperation with IAF-ILAC will further our goals of creating a global network of accreditation entities. We look forward to reaching a broader community and more countries participating in as well benefitting from this move toward unification.
Together, we can help ease the flow of halal goods between countries and create a halal market that consumers can truly trust.