Iran's share of global "halal" food market only $6B
Tehran, Iran, Nov. 28
By Milad Fashtami - Trend:
The global "halal" food market is worth around $2 trillion, but Iran's share is only $5-6 billion, said Abdolhossein Fakhari, the secretary general of Halal World International Commerce Development Organization.
He said Iran has a high potential to increase this figure, Iran's IRNA News Agency reported on Nov. 28.
"Iran is the only country whose population is 99 percent Muslim, and 100 percent of the food being produced in the country is "halal", he explained.
Products marked as "halal" are those, permissible to use according to the Islamic law known as the shariah.
"However, Malaysia with 47 percent of non-Muslim population is still the leading country in exporting Halal food," Fakhari said.
"If Iran manages to gain only 10 percent of the global Halal market, it would be able to annually earn $200 billion dollars," he noted.
Fakhari said in October that major Iranian industrial food products have received the Halal Food Standard label.