Dubai: Companies from Malaysia are set to showcase the country’s multi-billion dollar halal industry at the 9th edition of the Halal Expo Dubai this September.
The world’s largest producer and exporter of Halal food products, Malaysia will be represented by 15 ready-to-export entrepreneurs at the event, which will run from September 18 to September 19, at the Roda Al Bustan Hotel near Dubai International Airport.
Last year, Malaysia recorded $9.79 billion (Dh35.95 billion) worth of halal exports worldwide. The country will feature at the national pavilion at the Expo, widening the choice of halal products for local importers and consumers in the UAE and the Gulf.
Malaysia’s Ministry of Agriculture and agro-based industries is leading the country’s participation, representing halal food, cosmetics and the pharmaceuticals sectors.
Globally, Muslim expenditure on food and beverage was estimated at $1.12 billion in 2014, potentially rising to $1.58 billion in 2020.
Muslim expenditure makes up 16.7 per cent of global expenditure on food and beverage in 2014. Malaysia’s external halal food and beverage sector is of critical importance, as it was Malaysia’s top halal export in 2015, followed by palm oil derivatives and halal ingredients.
As for pharmaceuticals and cosmetics, the Muslim market is valued at $54 billion, or 7 per cent of global expenditure.