Halal certification provides assurance to Muslim consumers that a food or beverage product is Halal and complies with Islamic law. It also offers consumers confidence that the food is wholesome, and that the hygiene and sanitation standards employed are satisfactory.
For businesses obtaining Halal certification for the first time, there is an opportunity to expand their customer base by attracting both Muslim consumers and non-Muslim consumers who choose Halal products due to the additional level of independent verification involved.
According to the State of the Global Islamic Economy 2023/24 Report, Muslim consumers’ spending on food and beverages increased by 9.6% in 2022, reaching US$1.4 trillion, up from US$1.28 trillion in 2021. In terms of economic impact, the global Halal food market is projected to grow from USD 2.67 trillion in 2024 to USD 5.96 trillion by 2033, with a compound annual growth rate (CAGR) of 9.33% from 2025 to 2033.
With Australia’s proximity to Muslim-majority countries in Southeast Asia and the Middle East, Australian businesses are well-positioned to tap into this rapidly growing market. As a highly respected Halal certification body, ICCV is equipped to support Australian businesses in meeting the Halal certification requirements necessary for entry into this lucrative market. Possessing an ICCV Halal certificate will help assure Halal consumers in importing countries of the Halal integrity of the accompanying products.
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