Halal Market: A New Door for Agricultural Products

Opportunity to open up the potential Halal market

According to data released at the national Halal conference “Promoting internal strength, promoting international cooperation to build a sustainable development of Vietnam’s Halal industry by 2024”, the global Halal market has a large scale, great potential and is diverse in fields. The number of Muslims in 2024 will reach about 2.02 billion people, accounting for nearly 25% of the world’s population and is forecast to reach about 2.8 billion people by 2050. The size of the global Halal economy is estimated to reach 7,700 billion USD in 2025 and is forecast to reach 10,000 billion USD before 2028.

Tea material area of ​​My Lam Tea Joint Stock Company.

The market for Halal products is distributed across continents in the world, from Muslim to non-Muslim countries because Halal products meet many criteria on food hygiene and safety, quality and environmental protection. Therefore, Halal is considered a potential market for food producing countries, especially for countries with many advantages in exporting agricultural and aquatic products such as Vietnam.

Comrade Loc Kim Lien, Deputy Director of the Department of Industry and Trade, said: The Government, ministries, branches and localities have paid attention to promoting the development and implementation of important policies, strategies and legal bases on Halal. Notably, on February 14, 2023, Prime Minister Pham Minh Chinh issued the Project "Strengthening international cooperation to build and develop Vietnam's Halal industry by 2030". This is the first project to provide major, strategic, national-level directions on mobilizing international resources to build and develop Vietnam's Halal industry in a systematic, professional and comprehensive manner; thereby, helping Vietnam in general and Tuyen Quang in particular to participate more effectively in the Halal market. On April 24, 2024, the Ministry of Science and Technology announced the decision to establish the National Halal Certification Center, helping to unify state management in the field of Halal certification and facilitate Halal certification activities in Vietnam...

Potential products

Tuyen Quang is a province with great potential for developing agricultural products and exports, contributing to bringing the local economy to the international market. Currently, the province has key products such as green tea and black tea exported to the Halal market, meeting the needs and strict standards of Muslim countries.

Every year, Song Lo Tea Joint Stock Company exports about 2,000 tons of tea to the Muslim market.

Mr. Ngo Duc Tu, Director of Song Lo Tea Joint Stock Company, said that the company has achieved much success in exporting tea to major Muslim markets such as Afghanistan, Pakistan, Malaysia, Iran and Iraq. Of the total output of 5,000 tons of tea per year, the company exports about 2,000 tons to these markets, affirming its solid position and ability to meet international demand.

According to Mr. Tu, the company is currently implementing the Halal certification process to meet the specific requirements of Muslim countries, a prerequisite for products to penetrate and develop more strongly in these markets. Halal certification is not only a commitment to quality but also reflects respect and compliance with Muslim consumption practices. Each region and country has its own Halal standards, so the company must conduct certification in accordance with each specific market.

My Lam Tea Joint Stock Company annually exports more than 50 tons of various types of tea to many demanding international markets such as the US, Poland, UK, Russia and the United Arab Emirates. These are all markets that require high quality standards and have a significant presence of Muslim consumers. Conquering these markets not only affirms the prestige and quality of My Lam tea products but also opens up opportunities for sustainable development, meeting the diverse and demanding needs of global customers.

According to the assessment of the Department of Agriculture and Rural Development, in addition to the main products of green tea and black tea, Tuyen Quang also owns other potential export items such as honey, grapefruit, tea, male papaya flowers soaked in honey, dried bananas, lemon syrup, kumquat syrup... Tuyen Quang province's export market has expanded to many countries around the world, including Afghanistan, Pakistan, the US, the Russian Federation, the Netherlands, Taiwan, Iran, Indonesia, Brazil, China, Malaysia, Canada, Japan and Korea. This diversity shows the competitiveness of local products, while opening up great opportunities for the province in developing a sustainable economy and improving people's lives through agricultural production and export.

Source: https://baotuyenquang.com.vn/thi-truong-halal-canh-cua-moi-cho-nong-san-201382.html