Halal industry roundup: Malaysia strengthen ties with China
Here's a roundup of key developments across the halal industry ecosystem during the month of September.
Editor's note: The 24th edition of MIHAS, to be held later this year, promises to be the biggest iteration of the event thus far. Companies from the Philippines, Brazil, and the world over are expected to establish a presence there.
Meanwhile, Malaysia is also looking to strengthen bilateral relations with China.
Trade Developments
Malaysia / China
Malaysia hosts halal business session to strengthen ties with China
The Malaysia-China Halal Business Forum in Shanghai marked a significant milestone in strengthening bilateral business relations.
Deputy Prime Minister Dr. Ahmad Zahid Hamidi highlighted the global growth of the halal industry, now valued at $3 trillion and growing at 9.3%.
Malaysia has dedicated 14,300 acres for halal hubs, with 88 international companies, including six from China, receiving the Malaysian halal certification.
Additionally, 40 Chinese companies have shown interest in investing 4 billion Malaysian ringgits in Malaysia’s halal sector. (The Star)
Company News
United Kingdom/ France
French halal meat major acquires Tesco-supplying British halal brand
The acquisition of the British halal brand Takul by French investor Perwyn, which specializes in halal meat, marks a significant step in expanding the halal market in Europe.
Takul, launched in 2022, has shown rapid growth by supplying to major UK supermarkets like Tesco and Sainsbury’s.
The combined portfolio of Takul and Isla Délice, which includes 40 SKUs in Tesco stores, is poised to drive the UK halal market to new heights. (foodnavigator)
Operational Developments
Malaysia
Non-Muslim business operators on halal certification
Deputy Prime Minister Ahmad Zahid Hamidi stated that non-Muslim business operators should not be forced to apply for halal certification.
The government has not made any decision to require all restaurants or businesses in the food and beverage sector to obtain halal certification.(The Star)
Other
Philippines
Philippines to showcase halal-friendly products at MIHAS 2024
The Philippines is set to make a significant impact at the 20th Malaysia International Halal Showcase (MIHAS) 2024, showcasing a variety of halal-friendly food and non-food products.
The event will feature 20 exhibitors and include the Philippine Halal Investment Forum, highlighting the country’s commitment to becoming a major player in the global Halal market. (journal.com.ph)
UPCOMING EVENTS:
- Halal Expo 2024 - Istanbul - November 27-30, 2024
- MIHAS 2024 - Kuala Lumpur - September 17-20, 2024
