November 21, 2021

The global market for halal products has reached $7 trillion.

According to the World Halal Union’s president, the global market for halal products has reached $7 trillion.

As global trade expands and more manufacturers enter the market, so does demand for certificates informing Muslim consumers that the products they buy are halal, according to Ahmet Gelir of Anadolu Agency.

Gelir stated that work on international halal standards began in the 2000s and accelerated as Turkey became involved, emphasizing that Muslim countries had begun to be taken seriously in many fields, including food, cosmetics, chemicals and cleaning products, agricultural products, energy, tourism, and finance.

According to him, Turkey was the driving force behind the establishment of the Standards and Metrology Institute for Islamic Countries (SMIIC) in Istanbul, and with the publication of halal product and service standards, “halal production and the halal market gained meaning in the world.”

According to him, 1.86 billion Muslims in 57 Islamic countries and other parts of the world seek information on what they produce and consume.

“The products and services produced in the Islamic world are inspected and documented, and they circulate freely within our own borders. Organizations authorized by institutions such as ours provide consumers with confidence through accurate and timely inspection, and have become the preferred choice for a new move in exports “Gelir stated.

Organizations from the West

According to the World Halal Union’s president, major certification in the West has attempted Halal certification, which would make sense if given by Muslim countries.

“”We don’t like it because, aside from knowledge, skill, and experience, halal studies are a matter of faith,” he explained. “In other words, an inspector, certification organization, or accreditation body that lacks faith sensitivity cannot properly inspect and certify food, products, and services that will be served to Muslims.”

Turkey has sought to be a pioneer in this regard, working with serious bodies such as the Turkish Standards Institute, World Halal Union, and Association for the Inspection and Certification of Food and Supplies (GIMDES), he said.

Gelir stated that Turkey has a halal accreditation agency that oversees and accredits certification bodies, and that this agency is becoming more recognized and welcomed around the world.

Global Halal Summit

According to Yunus Ete, the head of the World Halal Summit council, the needs of the world’s rapidly growing Muslim population have also increased.

According to him, Turkey’s share of the global halal market now exceeds $100 billion.

“Unfortunately, Turkey and a few Muslim countries have a smaller share in halal food, Islamic finance, halal tourism, conservative fashion, halal cosmetics, and other related sectors than other countries,” he added.

According to Ete, the global halal market is expected to reach $8 trillion soon, with Turkey aiming to increase its share to $400 billion.

On November 25-27, Istanbul will host the World Halal Summit.

Experts, top officials, and market representatives from Turkey and other countries will attend the summit to discuss hot topics in the halal market.

In addition to the summit, the eighth edition of the Halal Expo will take place from November 25 to November 28.

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