Halal Food Grows 10% Annually, the Best Potential in the Industry

According to Reuters' 'State of the Global Islamic Economy Report,' by 2022 Halal consumers' spending in the food and beverage industry will exceed US$1.9 trillion. As the Halal food industry continues to expand, many startup companies will emerge, from baby food and confectionery to fast food.

Standardization urgently needs improvement and advancement

Even so, the lack of an international 'Halal food standard' and 'unified certification' will affect the development of the entire industry. A report released by the Dubai Islamic Economic Development Centre and Reuters shows that Malaysia is currently far ahead on the Halal food ranking, while the UAE has made significant progress in global halal food regulatory standards.

The Emirates Authority for Standardization and Metrology, a body responsible for standards related to health, safety and consumer protection, has certified about 200 UAE companies and more than 7,000 Halal products.

According to Director-General His Excellency Abdulla Al Maeeni, this program is developed according to international standards and is a global first.

The aim of this is to improve transparency and reliability, while promoting the sustainable development of the Halal food industry in international markets, thereby benefiting global producers. Once we have standards, more people and products will join the market.

Halal food is expected to become the best potential in the food industry

Abdulla Al Maeeni believes that the development speed of the Halal food industry may exceed that of the entire food industry.

If you observe the different elements of different industries in the global economy, you will find that the Halal food industry has the most potential in the food industry.