Halal Food
The Malaysian International Food & Beverage Trade Fair (MIFB) continues to play the role of providing a platform and a meeting place for F&B players around the world. With the growing demand of Halal Food internationally, MIFB is introducing the whole new Halal Food segment.
According to the State of the Global Islamic Economy Report (DinarStandard 2016/17), a total of US$1.2 trillion was spent on food and beverages by the global Muslim population in 2015, representing 17% of the total expenditure in that sector. Factoring in accelerating population growth and rising incomes, the world’s Muslim population will be spending US$1.9 trillion on food and beverages by 2021. Based on an expected average annual growth rate of 9%, this will account for 18.3% of the total global expenditure in this sector.
The CEO of Halal Industry Development Corp (HDC), Datuk Seri Jamil Bidin said that Malaysia’s halal exports grew by 7.1% to RM42.18 billion in 2016. Total exports to China amounted RM5.4 billion and was featured as the largest export markets in 2016. Halal export is expected to grow 5 to 6% this year.
Why Malaysia?
The Leading Global Halal Hub
Malaysia is perceived as the global leader in the global halal industry, with proper halal ecosystem that is equipped with comprehensive and proactive policies as well as the frameworks to develop the halal industry.
Highly Sought-After Iconic Halal Logo by The Department of Islamic Development Malaysia (JAKIM)
Malaysia’s halal certification is the most stringent and highly sought-after bilateral halal system recognition programme, which is globally recognised with over 50 international bodies registered-to-date with JAKIM’s recognition programme.
The Halal Industry Development Master Plan (HIDM) 2008 – 2020
Government aims to drive Halal as a new source of economic growth through this 13-year master plan which is divided into 3 different phases to strengthen Malaysia as the leading global halal hub.
Halal is for All
With different races of 31.7million people living in Malaysia, Halal is for both, Muslims and Non-muslims alike as it stands as a quality assurance for all.
The Growing Halal Industry in Malaysia
Growth from RM4.1 billion in 2012 to RM10.6billion in 2015 (158.54%).
A Member of Organisation of Islamic Countries (OIC)
Easier trade and market access to member countries of OIC