Malaysian Halal product exporters to join Dubai expo
August, 29th 2017Exporters from Malaysia, the world’s largest producer and exporter of Halal food products, will showcase the country's multi-billion dollar Halal industry, at the 9th edition of the Halal Expo Dubai to be held next month, in Dubai, UAE. The event will take place on September 18 and 19 at the Roda Al Bustan Hotel near Dubai International Airport. Malaysia will be represented by 15 ready-to-export companies at the national pavilion at the expo, according to a Wam news agency report. Malaysia’s Ministry of Agriculture and Agro-based Industries is leading the country’s participation, representing Halal food, cosmetics and the pharmaceuticals sectors. Muslim expenditure makes up 16.7 percent of global expenditure on F&B in 2014. Malaysia’s external Halal F&B sector is of critical importance, as F&B was Malaysia’s top Halal export in 2015, followed by palm oil derivatives and Halal ingredients. Globally, the Muslim market for pharmaceuticals and cosmetics is valued at $54 billion or 7 per cent of global expenditure. The cumulative average growth rate for this sector is 6.8 per cent between 2014 and 2020, in which Malaysia ranks just behind Singapore and Egypt. The event, which attracted participation from 13 countries in its previous edition and registered 3,700 trade visitors from 40 countries, expects larger trade participation where buyers and sellers of halal products and services are expected to do brisk business, added the report.