Previously, large quantities of Bangladeshi Halal food were exported to the Middle East, rather than to other large consumer groups such as Indonesia, China, India and Malaysia. According to data from the World Halal Forum secretariat, Malaysia's Halal food market had reached US$840 million by the end of 2010. In addition, according to news from the International Business Daily, 'the annual global market value of Halal food is US$150 billion; adding food and non-food together, the market value is US$210 billion. This is a very large figure, and a very large market for Southeast Asia and China.'
Malaysia's Halal market opens its doors to Bangladesh
Malaysia's JAKIM has issued Halal certification to a Bangladeshi foundation, opening up the Malaysian market for Bangladeshi Halal food producers. According to officials of the Bangladesh Islamic Foundation, the approval by the Malaysian department automatically includes the organization in the list of organizations permitted to grant Halal food certification worldwide. The official said: 'This means that the organization will be able to certify food in Bangladesh that complies with Islamic dietary laws and regulations.' The Bangladesh Islamic Foundation is an autonomous organization under the Bangladesh Ministry of Religious Affairs, holding activities in accordance with the country's relevant Islamic values and ideas.
At least six Bangladeshi food manufacturers have applied to the organization for Halal food certification, and the organization will review their Halal applications over the next six months. He said: 'My understanding is that these companies have established partnerships with Malaysian importers to supply their food into that market.'
As China's Halal food production and processing enterprises continue to grow, exports are increasing year by year while meeting domestic consumer demand. May relevant Chinese Halal enterprises pay more attention to international Halal market trends, establish partnerships with foreign enterprises, and develop together.
FAQ
- How is Malaysia's Halal market opening up to Bangladesh?
- Malaysia's JAKIM has issued Halal certification to the Bangladesh Islamic Foundation, enabling Bangladeshi Halal food producers to enter the Malaysian market. The approval means the Bangladesh Islamic Foundation is included in the list of organizations permitted to grant Halal food certification worldwide, able to certify Bangladeshi food complying with Islamic dietary regulations. At least six Bangladeshi food manufacturers have applied for certification.
- How big is the global Halal food market (according to the article)?
- According to data from the World Halal Forum secretariat, Malaysia's Halal food market had reached US$840 million by the end of 2010; the annual global market value of Halal food is about US$150 billion, and adding food and non-food together the market value is about US$210 billion—a very large market for Southeast Asia and China.
