From November 28 to December 1, 2019, the seventh Halal Expo World Exhibition, held under the auspices of the Organization of Islamic Cooperation, took place at the Eurasian Exhibition and Art Center in Istanbul. The fifth World Halal Summit was held at the same venue. This year’s exhibition and summit theme is Halal for All Generations: The Importance of Family and Youth.
Two events hosted about 400 specialists, almost 40 thousand visitors and 9 thousand foreign delegates from 50 countries within four days. These are representatives of such areas as the food and beverages production, processing and packaging, hotel and restaurant business, cosmetics, personal care and health products, Islamic finance, the media, government agencies, halal certification, non-profit organizations and education.
While in 2017 the global halal economy amounted to 4 trillion dollars, according to experts, by 2021 it will reach 7 trillion dollars. The amount of Islamic finance is expected to be 3.5 trillion dollars, the food and beverage sector will exceed 1.9 trillion dollars, and the traditional clothing sector will be 243 billion dollars. It is expected that the halal economy will shape the global market in the near future.
Representatives of companies from Afghanistan, Australia, Brazil, Great Britain, Canada, Colombia, Egypt, Germany, Iran, Spain, Italy, the United Arab Emirates, Russia, the USA, Turkmenistan, Uzbekistan, Sweden, Switzerland, South Korea and other countries had the opportunity to meet with the top purchasing managers and investors.
The halal food market in Turkey, which is approaching 15 billion dollars, is growing by 100% every year. According to experts, this year the domestic market will reach about 30 billion dollars.
It should be noted that products manufactured in accordance with Islamic standards are popular not only among Muslims, but also among people, regardless of their faith, who seek to maintain a healthy lifestyle. Halal for them is a healthy diet and a responsible approach to the selection of products.
For example, meat marked with the halal label is made in careful compliance with sanitary and hygienic standards. For this, the animal is kept in special conditions and fed with organic food, which is as close as possible to natural.