Mapping Trend of 20 articles about Halal-Products
Halal Industry in Malaysia from year 2004 to 2008
Halal products are fast gaining worldwide recognition not only because the Muslim ummah is growing, but most significantly because halal is being recognized for quality and security assurance. Malaysia sees China, Japan and Korea as highly potential export markets for its halal-food products. Besides that, Malaysia and Australia have agreed to enhance the existing cooperation between both countries in the production and marketing of halal products, especially to third world countries. Malaysia's effort to promote and lead the way towards global halal food industry is another manifestation of Malaysia's commitment to a strong and resilient economic system based on Islamic principle.
There is also a constant demand for halal-products from the Organization of Islamic Conference (OIC) countries as well as from pilgrimages during the hajj season in Makkah. In addition, in 2006, Britain’s biggest supermarket, Tesco, will spend RM1 billion on Malaysian-made halal food over the next five years to cater for rising demand in halal-products in its how market.
The market for Halal cosmetics is growing on a global basis, but nowhere is this trend more pronounced than in the Middle East, where conscientious consumers are specially searching out Halal endorsed products. Because of that, touted as the only country where the halal certification is developed by the government, Malaysia remains competitive as a leader in the halal industry with concerted efforts by both public and private sectors to push the agenda forward. In addition, the Halal Industry Development Corporation (HDC) will embark on three-pronged strategy over the next three to five years since 2007 to establish Malaysia as a hub for the global Halal Market, which is estimated to be worth US$580.91 billion.
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