India International Halal Expo 2020 is expected to attract more than 120 exhibitors and 15,000 attendees globally. Muazzam Naik, CEO of Atoba Business Networks and organizer of the fair about the highlights.
Mr. Muazzam Naik, what is the scope of halal industry globally?
The global halal market size is expected to reach 9.71 trillion U. S. dollars by 2025. On the basis of region, Asia Pacific and Middle East and Africa accounted for more than 85% of the total market in 2015 and they are expected to continue dominating the market throughout the forecast period.Some of the key players operating in the field of halal products market includes Nestle S.A., The Coca Cola Company, Kellogg’s Company, Krafts Food Group Inc., Unilever Plc, GlaxoSmithKline Plc and L’Oreal S.A. among others.
What is India International Halal Expo?
As a gateway to Asia’s growing Halal market, India International Halal Expo will gather the highest quality products of the Halal industry. A meeting point for Halal buyers and suppliers between East and West. From Food & Beverage to Pharmaceuticals to Cosmetics, from Finance to E-commerce and Logistics to Tourism and more, the entire halal industry will gather under one roof providing traders and buyers the ideal platform to conduct business, network and share market insights.
What is to be expected at India International Halal Expo and India International Modest Lifestyle Expo?
India International Halal Expo 2020 is expected to attract over 200 exhibitors and 15.000 attendees from at least 10 countries to the Hitex Exhibition Center Hyderabad from January 18th to 20th this year. Along with exhibitors showcasing their products, the three day event will also host a dozen seminars that “will touch various areas in the healthy living, food, tourism, fashion and financial/investment and how it is evolving to becoming an important element of halal lifestyle trade. The India International Modest Lifestyle Expo is designed to attract businesses and investors in the halal lifestyle industry including major retailers, distributors, hotel owners, restaurant owners, hospitality professionals, investors, travel/tourism operators, importers/exporters, bankers, business and trade associations, embassies and heads of commercial trade missions, franchisors/franchisees and so much more. Also High level Business Delegates & trade commission representatives of difference Countries are expected to attend this exhibition and conference.
Why did you choose India for Halal Expo? What’s your plan in taking India to the next level when it comes to the Halal industry?
India has the world’s third largest Muslim population at more than 180 million, and presents huge market opportunities for halal-based entrepreneurs.In India, the halal industry is predominantly linked to the consumption of halal meat. With only a handful of companies involved in selling halal personal care products, the industry is clearly an untapped segment within the highly competitive FMCG market in India.The cosmetics and personal care industry is among the fastest growing consumer products segment in India, throwing up huge opportunities for international companies.A market outlook report by the Associated Chambers of Commerce & Industry of India (Assocham) estimates that India’s grooming and cosmetic industry will grow to 35 billion U. S. dollars by 2035 from 6.5 billion U. S. dollars in 2017. I am extremely ambitious when it comes to India and Halal Industry. We are also concerned about the quality of our Halal Certification – offering it to the world without losing credibility. Because when you want to standardize, you want to make it quick and easy but at the same time to do these without compromising quality. There is also an agenda to unify Halal Certification globally which we are currently pursuing. It’s not easy because every country wants to preserve their own identity.