Monday, 26 June 2017

Halal Expo Dubai 2017 focuses on huge halal market opportunity

The 9th Halal Expo Dubai will focus on the US$2.3 trillion global halal industry. Global halal sector records an 8% growth year-on-year to US$2.3 trillion – higher than the GDP of more than 200 countries in the world, according to research conducted by Orange Fairs and Events, the organisers of Halal Expo – Dubai, 2017. Of this, about 67% represents the food and beverage industry, worth US$1.4 trillion.

Halal Expo Dubai 2017 is the largest and most comprehensive business-to-business (B2B) halal exposition in the Middle East for the US$2.3 trillion global halal industry, the organisers said. The event is expected to boost the UAE’s drive towards creating a halal economy and a centre of the global halal movement for a clean, green and healthy life.

Halal Expo Dubai focuses on a number of business verticals, including halal food, halal beverage, halal fashion, halal cosmetics and personal care products, halal travel and tourism, halal hospitality, halal banking and finance. Topics to be discussed include halal standards, services and health benefits.

The State of the Global Islamic Economy Report, 2016-17, estimates global Muslim spend across sectors at over US$1.9 trillion in 2015, while the Islamic finance sector has around US$2 trillion in assets. Food and beverage tops expenditure by the global Muslim population, at US$1.17 trillion in 2015, followed by clothing and apparel at US$243 billion, media and recreation at US$189 billion, travel at US$151 billion, and spending on pharmaceuticals and cosmetics at US$133 billion.

The report estimated the revenues from halal certified food and beverage products to be US$415 billion; while revenues from halal fashion clothing purchased by Muslim women to be US$44 billion. Revenues derived from halal tourism services were estimated to amount to US$24 billion in 2015.

“Halal products and services now touch all aspects of our lives and we are witnessing a gradual shift towards halal products and services – be it fashion clothing, fragrance, cosmetics, personal care products or travel, tourism and hospitality – we now have all aspects covered. The Halal Expo – Dubai 2017 therefore comes at an important juncture, when the UAE is also fast-tracking the halal movement by creating a centre for the global halal and Islamic economy,” said Raees Ahmed, Director of Orange Fairs and Event.

“Interestingly, non-Muslims are also fast accepting halal products and services due to the scientific, hygienic benefits and ethical aspects*. The term halal is gradually becoming an universal concept, more than an Islamic way of life. “In this regard, Halal Expo is expected to play a crucial role in promoting halal, healthy, clean and green lifestyle movement across the Gulf region."

More than 100 organisations are expected to participate in the event, from 15 countries - Kazakhstan, Malaysia, Indonesia, Poland, Pakistan, Switzerland, India, UK, Brunei, Philippines, South Africa, and China. More are expected to join the show. The event attracted participants from 13 countries in its previous edition and registered 3,700 trade visitors from 40 countries.


Halal Expo Dubai is open to business visitors from 10am to 5pm on September 18 and 19 at Roda Al Bustan Hotel, near Dubai International Airport, Al Garhoud Area. 

Hashtag: #DUHA2017

*This view is often expressed but does not seem to actually be common among non-Muslims. Non-Muslims are indeed concerned about hygiene and cruelty-free products, but do not seem to seek out products because they are marked halal, but because they are hygienic and cruelty-free.