ABOUT THE EXHIBITON
AAATA Exhibitions is proud to present the UK’s very first Halal Expo. This event is expected to host more than 300 exhibitors over 8,000 square feet. Leading with a profile of halal production and services in all applicable sectors ranging from food and cosmetics, to chemicals, packaging and machinery. Islamic lifestyle and modern fashion are just as necessarily accompanying.
The Halal market represents the appearance of a new economic paradigm that is on the tipping point of becoming a global movement.
There is a convergence of common interest – religious, political, economic and social that is now clustering around the concept of Halal and all that it implies, and these interests bear all the markings of building into a perfect storm.
Brexit itself presents an opportunity for building and fostering new trading opportunities for UK based companies with countries such as Turkey, Malaysia, Indonesia, Philippines and the Middle East.
THE GLOBAL HALAL MARKET
It is estimated that the size of the global halal market is somewhere between 3/4 trillion dollars.
According to the Muslim Council of Britain, Muslims make up around 5 percent of the UK population of around 3 million. 1 million of whom, live and work in London and contributed an estimated £31 billion ($46.5 billion) to the national economy in 2014.
Of this £31 billion, Muslim household spend on food and beverages was an estimated £6.3 billion in 2014. The BBC estimates the UK halal food market alone at £4.5 billion in 2014.
The largest 10 halal producers are in non-Muslim countries and hold about 80% of the halal product market. Halal products are consumed mostly in Muslim countries. The most important issues that come to light as to why non-Muslim countries are the producers, is due to the Muslim countries lacking awareness and motivation in creating global brands that produce halal products. There is also some speculation that the regulation for halal product certification and auditing is not stringent enough in non-Muslim countries.
These are identified as technical issues, so rules, standards and regulators need to be developed, agreed and specified.