THEHALALFOODINDUSTRYINOICMEMBERCOUNTRIES.pptVIP

THE HALAL FOOD INDUSTRY IN OIC MEMBER COUNTRIES Opportunities and Threats Zehra Zumrut Selcuk STATISTICAL, ECONOMIC AND SOCIAL RESEARCH AND TRAINING CENTRE FOR ISLAMIC COUNTRIES ORGANIZATION OF ISLAMIC COOPERATION 9th Dubai International Food Safety Conference 11 November 2014 Agenda Growing Interest in Halal Key Markets, Key Facts Enhancing Cooperation in Halal Food among OIC Countries Halal Food Standards and Certification Halal Food Authentication The Potential of Islamic Finance for Halal Industry Challenges and Opportunities Recommendations and Outlook SESRIC | 9th Dubai International Food Safety Conference-2014 Background: Interest in Halal The total number of the searches through web for the term “halal” has more than tripled from January 2004 to May 2014 Web Search Interest: Halal Index Source: Google Insights for Search The storm started brewing in South East Asia Non-Muslim countries with an established minor Muslim population, such as United Kingdom, France and Australia, are emerging as new markets for halal products. * Key halal food Markets Muslim population, million Source: Pew Report, 2010 Key Markets, Key Facts Estimated world Muslim population: 1.6 billion (Pew Research, 2010) OIC countries with a total Muslim population of 1.3 billion account for the 80.1 per cent of the world total Muslim population SESRIC | 9th Dubai International Food Safety Conference-2014 The Muslim population is approaching 2 billion and is expected to account for 30% of the worlds population by 2030 * Global Muslim Food Beverage Expenditure compared to Top FB Markets, 2012 USD billion ? ? ? Source: State of Global Islamic Economy Report 2013 Key Markets, Key Facts (cont.) Halal food makes up around two-thirds of the global market for halal products and 17% of the global food industry The market for Muslim food beverage products is estimated at US$ 1,088 billion annually in 2012. The projected demand for halal food beverage is US$ 1,626 billion for 2018, corresp