According to MUIS-HALAL INTERNATIONAL (the International Halal Certification Department of Singapore), the global Halal certification market has exceeded US$2.5 trillion. There is no doubt that, driven by strong market forces, the Halal certification market has become one of the hottest food certification markets in the world. In addition, the Halal market around China has broad prospects; according to statistics, the Halal consumer group around China exceeds 800 million people. See the table below for specific data:
Indonesia 200 million;
Pakistan 180 million;
India 130 million;
Bangladesh 150 million;
Myanmar 4.6 million;
China 23 million;
Malaysia 23 million;
Kazakhstan 8.6 million;
Kyrgyzstan 3.4 million;
Philippines 10 million;
Russia 26 million;
Tajikistan 5 million;
Thailand 8 million;
Uzbekistan 20 million;
According to the data report analysis of the Global Business Strategy Council, the consumption of Halal-certified products in 2012 was US$1.6 trillion, and after 2023 the global sales of Halal-certified products will double. With the surge in global sales of Halal-certified products and China's inherent geographical advantages, more and more Chinese enterprises choose Halal certification to enhance their competitive advantage and expand their market share.
Factors promoting the Halal market
* Halal trade market access requirements, such as Indonesia's stipulation that food, pharmaceuticals and cosmetics entering its market must be recognized by approved Halal certification.
* Intensifying global trade competition; Halal-certified products can gain a competitive advantage in the global market
* A huge Halal consumer market, reaching about 1.9 billion Halal consumers worldwide
* The spending power of the Halal consumer group continues to increase. And Halal certification has a small investment cost with huge potential returns.
* Developing Halal certification standards/guidelines is a commitment to consumers demonstrating their quality
Thanks to the establishment of the ASEAN Free Trade Area and the implementation of China's 'Belt and Road' economic development initiative in 2013, China's economic and trade with ASEAN member states and countries along the Belt and Road has grown year by year. The Halal certification market has ridden on the excellent trade environment of these two economies, and the two major economies have run side by side to jointly promote the steady growth of China's Halal product export trade over the past decade and occupy an important core economic position in the global Halal product market.
As the world's hottest economy, China's Halal product sales market will continue to grow exponentially in the future. When many enterprises see their peers scrambling to choose Halal certification to seize global Halal market share, there is no reason to hesitate any longer.
MUIS-HALAL international certification mark
A symbol of assurance and trust
Why choose the Singapore International Halal Certification program?
A globally reputable certification body since its establishment in 1964
Reliable Halal certification based on quality and trust
Founding member of the unofficial meeting of Muslim leaders of Indonesia, Malaysia, Singapore and Brunei (MABIMS)
A designated Halal certification body of each country in the technical cooperation clauses of the GCC Gulf countries' free trade agreement.
The ISO-standardization-based HalMQ Halal Quality System, widely adopted globally.
Singapore's official Halal certification body, leading from a Muslim-minority country
Widely recognized in the global Halal market
Has a strong international network in China, South Korea and Japan.