Opinion Piece Tracks Megatrends, Says Halal Market Growing Rapidly
The halal industry is experiencing rapid growth, driven by the increasing Muslim population and its expanding economic influence. Dr. Marco Tieman identified four key megatrends shaping the future of halal:
- Supply Chain and Value Chain Integration: The halal industry is moving beyond product certification to encompass entire supply chains and value chains. This requires a comprehensive approach to ensure halal compliance from raw material sourcing to final consumption.
- Advanced Halal Ecosystems: The development of advanced halal ecosystems, especially in Asia and the Middle East, aims to address challenges such as raw material shortages and production capacity constraints. These ecosystems can foster innovation, streamline processes, and enhance the overall quality and sustainability of halal products.
- Blockchain Technology for Halal Assurance: Halal certification bodies are increasingly adopting blockchain technology to improve transparency, traceability, and authenticity in the halal supply chain. This technology can help combat fraud and build consumer trust.
- Halal Compliant Ports: The emergence of halal compliant ports is crucial for ensuring the integrity of halal products during international trade. These ports will play a vital role in facilitating the smooth flow of halal goods while adhering to Islamic principles.
By understanding and adapting to these megatrends, businesses can capitalize on the growing opportunities in the halal market and establish themselves as trusted brands in the Muslim consumer segment.
Read full article here: https://halalfocus.net/opinion-top-four-halal-megatrends-that-will-shape-the-halal-industry-in-the-year-2025/
