Promising opportunities from Halal markets – vneconomy.vn





Promising Opportunities from <a href="https://scangeni.us/ham-sandwiches-bus-furore-and-navigating-dietary-preferences-with-food-scan-geniuson-april-15-a-local-bus-campaign-featuring-images-of-ham-sandwiches-ignited-controversy-when-several-passengers-re/">Halal</a> Markets: Unlocking Growth for <a href="https://scangeni.us/food-allergy-news-online-tests-revealed-i-have-a-multitude-of-food-sensitivity-issues-but-are-they-trustworthy-the-guardian/">Food Sensitivities</a> & <a href="https://scangeni.us/tips-for-managing-food-allergies-food-scan-genius-app-guide/">Dietary Preferences</a>




Promising Opportunities from Halal Markets: Unlocking Growth for Food Sensitivities & Dietary Preferences

Published: June 2024 | Source: VnEconomy.vn

Introduction: The Halal Market’s Global Surge

The Halal market is experiencing unprecedented growth, rapidly transforming from a religious dietary requirement into a global phenomenon that appeals to a diverse audience. According to VnEconomy.vn, the global Halal food industry is projected to exceed $2 trillion by 2025, driven by rising Muslim populations and increasing demand from consumers with food sensitivities and specific dietary preferences. This article explores the promising opportunities emerging from Halal markets, especially for those with food allergies, intolerances, and health-conscious lifestyles. We also examine how technology, including apps like Food Scan Genius and Yuka, is empowering consumers to make safer and more informed food choices.

What is Halal and Why is it Gaining Popularity?

Halal is an Arabic term meaning “permissible” or “lawful.” In the context of food, Halal refers to products that comply with Islamic dietary laws. Traditionally, Halal foods are consumed by Muslims, but the market is expanding far beyond this demographic.

  • Stringent Standards: Halal certification requires rigorous quality, safety, and traceability standards, often exceeding conventional food regulations.
  • Clean Label Appeal: Halal foods avoid certain additives, preservatives, and processing methods, making them attractive to health-conscious consumers.
  • Transparency: The certification process ensures clear labeling, which is crucial for people with food sensitivities and allergies.

As a result, Halal products are increasingly sought after by non-Muslim consumers seeking clean, safe, and transparent food options.

Halal Market Growth: Key Statistics and Trends (2024-2025)

Recent research and market analysis reveal the following trends:

  • Global Muslim Population: Expected to reach 2.2 billion by 2030, fueling demand for Halal-certified products (Statista, 2024).
  • Market Value: The global Halal food market is projected to grow at a CAGR of 10.8% from 2023 to 2028, reaching $2.3 trillion by 2025 (IMARC Group, 2024).
  • Non-Muslim Consumers: Up to 40% of Halal food buyers in Southeast Asia are non-Muslims, attracted by perceived quality, safety, and ethical standards (Research and Markets, 2024).

These figures highlight vast opportunities for businesses and brands to tap into a growing, diverse consumer base.

Why Halal Matters for People with Food Sensitivities & Dietary Preferences

For individuals with food allergies, intolerances, or specific dietary needs (such as gluten-free, dairy-free, or vegan), Halal-certified products offer several advantages:

  1. Stringent Ingredient Checks: Halal certification requires full disclosure and traceability of ingredients, reducing the risk of hidden allergens.
  2. Minimal Cross-Contamination: Halal production lines are often segregated, minimizing cross-contact with allergens like pork, shellfish, or alcohol.
  3. Ethical and Clean Labeling: Halal foods typically avoid artificial additives, colorants, and preservatives, aligning with the preferences of health-conscious consumers.
  4. Transparency: Certified products are clearly labeled, making it easier for consumers to identify safe options.

According to a 2023 study in Frontiers in Nutrition, consumers with food allergies and intolerances are increasingly seeking out Halal-certified products for their perceived safety and transparency.

Technological Innovations: Food Scan Genius, Yuka, and Digital Transparency

As consumers become more vigilant about what they eat, technology is playing a pivotal role in bridging the information gap. Apps like Food Scan Genius and Yuka are revolutionizing how people with food sensitivities and dietary preferences interact with Halal markets.

Food Scan Genius

  • Ingredient Analysis: Instantly scans product barcodes to reveal allergens, dietary suitability (Halal, gluten-free, vegan), and nutritional information.
  • Halal Verification: Cross-references products with global Halal certification databases, ensuring authenticity.
  • User Customization: Allows users to set profiles for specific allergies or dietary needs, filtering out unsafe products.

Yuka

  • Clean Label Focus: Rates food products based on ingredient quality, presence of additives, and potential allergens.
  • Transparency: Provides detailed breakdowns of ingredients, helping users make informed choices in Halal and non-Halal categories.

These technologies empower consumers to confidently navigate Halal markets, ensuring both religious compliance and safety for food sensitivities.

Business Opportunities: How Companies Can Succeed in the Halal Market

The Halal market presents lucrative opportunities for food manufacturers, retailers, and service providers. To capitalize on this growth, businesses should consider the following strategies:

  1. Obtain Halal Certification: Partner with reputable certifying bodies to ensure products meet global Halal standards. This not only opens doors to Muslim consumers but also appeals to those with food sensitivities.
  2. Transparency and Traceability: Invest in supply chain transparency, leveraging blockchain and digital tracking to reassure consumers about ingredient origins and safety.
  3. Inclusive Product Development: Formulate products that are not only Halal but also cater to other dietary needs (gluten-free, dairy-free, vegan, etc.).
  4. Leverage Technology: Integrate with food scanning apps and digital platforms to provide real-time information to consumers.
  5. Educate Consumers: Use clear labeling and marketing to highlight the benefits of Halal certification for all consumers, not just Muslims.

According to VnEconomy.vn, Vietnamese companies are increasingly exploring Halal markets, recognizing the potential for exports and domestic growth. With the right approach, businesses can build trust and loyalty among a broader customer base.

Case Study: Vietnam’s Entry into the Global Halal Market

Vietnam is emerging as a key player in the global Halal market. As reported by VnEconomy.vn in June 2024, Vietnamese food exporters are actively seeking Halal certification to access lucrative markets in Southeast Asia, the Middle East, and beyond.

  • Government Support: The Vietnamese government is facilitating Halal certification processes and promoting awareness among local businesses.
  • Export Potential: Seafood, rice, coffee, and processed foods are among the top Vietnamese products gaining traction in Halal markets.
  • Quality Assurance: By adhering to Halal standards, Vietnamese companies are improving product quality, benefiting both Muslim and non-Muslim consumers.

This strategic focus is expected to boost Vietnam’s exports and enhance its reputation as a reliable supplier of safe, high-quality food products.

Challenges and Solutions in the Halal Market

While opportunities abound, businesses must navigate several challenges:

  • Complex Certification Processes: Multiple certifying bodies and varying standards across countries can complicate market entry.
  • Supply Chain Management: Ensuring traceability and preventing cross-contamination requires robust systems and training.
  • Consumer Awareness: Many consumers remain unaware of the benefits of Halal products beyond religious compliance.

Solutions:

  1. Partner with internationally recognized Halal certifiers for credibility.
  2. Invest in digital traceability and transparent labeling.
  3. Educate both Muslim and non-Muslim consumers about the broader benefits of Halal certification.

Future Trends: Halal Market in 2025 and Beyond

Looking ahead, several trends are set to shape the Halal market:

Businesses that embrace these trends and prioritize consumer safety, transparency, and inclusivity will be well-positioned for success.

Conclusion: Halal Markets as a Pathway to Inclusive, Safe, and Sustainable Food Choices

The Halal market is no longer a niche segment but a dynamic, global industry offering immense opportunities for businesses and consumers alike. For those with food sensitivities and dietary preferences, Halal-certified products provide an added layer of safety, transparency, and trust. With the integration of technology—such as Food Scan Genius and Yuka—consumers are more empowered than ever to make informed, safe, and ethical food choices.

As we approach 2025, the Halal market represents a promising frontier for innovation, inclusivity, and sustainable growth. Businesses that recognize and respond to these evolving consumer needs will not only thrive but also contribute to a healthier and more equitable global food system.

References

Discover the Food Scan Genius app for quick, reliable food insights. Instantly scan barcodes to check allergen compatibility, nutritional content, and ingredient details tailored to your dietary needs. Say goodbye to ingredient guesswork—eat confidently with Food Scan Genius! Download Now

Food Scan Genius Editor

Writer & Blogger

Leave a Reply

Your email address will not be published. Required fields are marked *

About us

Food Scan Genius is an offering from ScanGeni Ventures Pvt Ltd, an ‘AI first’ company driving value for the next generation of consumers. Get in touch with us to learn more:

© 2024 All rights reserved by ScanGenius