Overview of Halal Industry

In today’s world the HALAL Industry is the fastest growing global business across the world. It is also an emerging market force that is attracting non-Muslims with its wholesome, hygienic and contamination-free principles is food production. HALAL ultimately has a consumer reach of more than 6 billion people worldwide. With per capita expenditure on food and beverages consistently on the rise, especially throughout the Muslim world, the estimated value for HALAL products has reached to several hundred billion USD annually. With the emergence of this new global market, the government of Malaysia saw this as an opportunity to set up the world’s first development corporation in making HALAL its major focus. AS what was mentioned by our Prime Minister, Dato’ Seri Abdullah Haji Ahmad Badawi said in his opening speech at the World HALAL Forum back in 2007,”Establishing Malaysia as a Global Halal Hub has been the aim of his government for many years”. The United Nations has cited Malaysia as the best example in the world in terms of justification for the labeling of HALAL food when the Codex Alimentarius Commission adopted the Codex general guidelines for the use of the term HALAL in Geneva in 1997. The Malaysia model has been regarded as the basis for the development of the HALAL food industries. Malaysia is seen as the world’s most successful example where a single HALAL standard is applied throughout the country.