London, United Kingdom, May 19, 2017 --(PR.com
)-- The UK’s fast-growing Muslim population now comprises over three million people and this trend is driving the demand for halal certified products. To help meet this demand and catalyse the industry, IHSG has announced a series of annual symposiums, a first for London, which is the epicentre of the Western market of 50 million Muslims.
A report by Euromonitor estimates that Muslims will make up more than a quarter of the world’s population by 2030. According to The Economist, the global Islamic market was worth over $3.6 trillion in 2013, and the market is projected to be worth over $5 trillion by 2020.
Simon Dalton, managing partner at Salaam World, said, “We saw an immense opportunity to connect the many stakeholders involved in this emerging global opportunity. There are over one billion Muslims in the world; they have growing disposable incomes and their tastes are becoming increasingly globalised and sophisticated. The demand is there but suppliers need to step up to meet the needs of modern Muslims.”
Dalton added, “The global Muslim population has diverse tastes and interests, but it also has a number of religious requirements that colour its purchases. The principles of Islamic law inform the purchasing decisions of Muslims in many areas, but these requirements are not always directly met in the global marketplace. Our events aim to springboard the global halal economy by accelerating shared knowledge and connections.”
The IHSG events will address this largely untapped global opportunity by convening key stakeholders from the UK and all over the world. The events will also open discussions on the many strands of the halal industry, including:
· The harmonisation of global certification
· The maintenance of halal integrity
· How religious and cultural significance affect buying decisions
· Ingredients innovation and the latest in halal science
· Marketing to Muslims
· The rise of ‘Gen M’ millennial Muslims
The events will present keynote speakers on core issues, discuss big-picture strategies and feature exhibitions of industry suppliers to ensure those working in the industry are up-to-date with the latest products and services.
The series begins with:
· International Halal Cosmetics Symposium on September 21, 2017
· International Halal Flavour & Fragrances Symposium on September 22, 2017
A total of seven symposiums are planned to take place at The Savoy hotel, covering Islamic Finance, Halal Pharmaceuticals, Food and Tourism and the growing Muslim tech industry.
The renowned Middle East journalist Alicia Buller will produce one 12,000-word whitepaper per symposium on all aspects of the industry, comprised of in-depth subject intelligence alongside interviews with stakeholders.
The whitepaper will be made available to all delegates attending and available for download on the official IHSG website.