Halal Goes Global
Halal_Goes_Global-web(1)
Halal_Goes_Global-web(1)
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Chapter 1 – What is halal? 3<br />
Figure 1: Evolution of halal as a defining market parameter<br />
<strong>Halal</strong> as quality<br />
assurance mark<br />
Upmarket<br />
• Natural<br />
• Organic<br />
• Eco-ethical<br />
• Animal welfare<br />
Influential &<br />
opinion forming<br />
Regulatory<br />
• Standards<br />
• Audit & certification<br />
• Accreditation<br />
EVOLUTION<br />
OF HALAL<br />
MARKET<br />
Lifestyle<br />
• <strong>Halal</strong> as a ‘movement’<br />
• Ethical & moral values<br />
• Popular culture<br />
Farm to fork<br />
Secure supply chain<br />
Mainstream<br />
• Supermarket<br />
• <strong>Global</strong> presence<br />
• Full product range<br />
• Diverse application<br />
Worldwide availability<br />
& acceptance<br />
The potential for this new market sector was highlighted in<br />
AT Kearney’s 2008 report ‘Addressing the Muslim market<br />
– can you afford not to?’, which pointed out that ‘Muslims<br />
are the fastest growing consumer segment in the world.<br />
Any company that is not considering how to serve them is<br />
missing a significant opportunity to affect both its top and<br />
bottom line growth.’<br />
In recent years, halal has become a powerful market<br />
parameter that continues to evolve across different<br />
subsectors of the food supply chain and has affected<br />
related industries including cosmetics and personal care,<br />
pharmaceuticals, travel and hospitality, and lifestyle markets<br />
such as fashion and media.<br />
‘Muslims are the fastest growing consumer<br />
segment in the world. Any company that<br />
is not considering how to serve them is<br />
missing a significant opportunity to affect<br />
both its top and bottom line growth.’<br />
The increasing need for new market opportunities at<br />
both national and corporate level, coupled with growing<br />
consumer awareness, has pushed halal into the public<br />
awareness. Today, halal food outlets and offerings can<br />
be found all over the world. Furthermore, a convergence<br />
of values with the natural-food movement and other<br />
eco-ethical initiatives has created a growing crossover<br />
opportunity for halal offerings to appeal to other niches<br />
within mainstream markets.