December 15, 2020

EuroCham Speaks about the Potential of Halal Food in the European Market and Opportunities for Vietnam

On the 30th of November 2020 in Hanoi, the Ministry of Foreign Affairs (MOFA) and the Ministry of Agriculture and Rural Development (MARD) organised a forum, “The Global Market Potential of Halal Food and Opportunities for Vietnam”. The event aimed to raise awareness of the potential of this market; the importance of Halal certification and measures to help Vietnamese businesses participate effectively in the global Halal food chain. Two hundred and fifty delegates attended the event including representatives of diplomatic missions, business communities, and leaders of Ministries and Government agencies.  
  
     
Speaking at the opening ceremony, Permanent Deputy Minister of Foreign Affairs Bui Thanh Son said that this was the first time MOFA had cooperated with MARD to co-organise a forum on the Halal food market. The global Halal food market has great potential and is growing at a rapid rate across every continent from Asia to the Middle East-Africa to Europe and America. The world has nearly two billion Muslims with Halal food spending forecast at US$ 1,400 billion by 2020; this amount is forecast to grow more than 10 times to US$ 15,000 billion by 2050.
  

       
"This is a great opportunity for countries like Vietnam to export more food and agricultural products ", the Permanent Deputy Minister of Foreign Affairs emphasised.
He also expressed his wish that the forum would discuss the real potential of the global Halal food market, not only from countries with a majority Muslim population, but also from countries with a smaller such population. Islam is widespread in Europe, America and some Asian countries. Thereby, identifying new trends and demand for Halal products is vital, not only limited to food but also in pharmaceuticals, cosmetics and many other Halal services such as tourism.
At the forum, Deputy Minister of Agriculture and Rural Development Le Minh Hoan said that the Vietnamese agriculture sector always accompanies Vietnamese agroforestry and fisheries enterprises. He believes that, through this forum, parties will have the opportunity to learn more about the demands and conditions of Vietnam's agricultural, forestry and fishery exports to Muslim markets and look forward to developing potential market penetration strategies.
On behalf of EuroCham, Member of the Food, Agri and Aqua Business Sector Committee, Mr. Jean-Luc Voisin, discussed the potential of Halal food in the European market. The growth of the global Halal food market is being primarily driven by health benefits offered by halal food items which is continuously influencing the eating patterns of people. This has resulted in an increase in the consumption and acceptance of Halal food among non-Islamic communities.
    
      
“Food producers have been offering a wide variety of halal food to consumers which has been positively stimulating the growth of the market. Region-wise, the market has been segregated into Asia-Pacific, Middle East & Africa, Europe, North America and Latin America. Amongst these, Asia-Pacific is the leading market, accounting for the majority of the market share”, Mr. Voisin added.
  
The European Halal market is an increasingly important food segment. According to industry analysis, in the last few years the European Halal market has grown by around 15 per cent per annum. The European market, thanks to several different associations and certification bodies, provide different estimations. These vary between EUR 40 billion and EUR 100 billion annually. The demand for grocery products is rising. However, new products, such as processed foods, confectionery products and frozen ready-to-eat meals have begun to enter the European markets.
    

Tin tức khác

Xem tất cả

May 29, 2023

EuroCham in the News

Đọc thêm

May 26, 2023

Addressing foreign work permit challenges: EuroCham and MOLISA hold discussions

Đọc thêm

May 25, 2023

EuroCham Chairman Gabor Fluit publicizes the upcoming Business Connection Forum for EuroCham-Tay Ninh partnership

Đọc thêm

May 25, 2023

EuroCham welcomes new members at an orientation in Hanoi

Đọc thêm

May 24, 2023

Airbus and the Vietnam Academy of Science and Technology celebrate milestone achievement as VNREDSat-1 exceeds expectations in remarkable decade of orbital success

Đọc thêm

May 24, 2023

Nordcham Business Briefing details Power Development Plan VIII

Đọc thêm

May 24, 2023

Exploring Vietnam’s retail market & consumer trends at EuroCham’s luncheon seminar

Đọc thêm

May 22, 2023

Vietnam achieves major breakthrough in energy sector with approval of Power Development Plan (PDP) VIII

Đọc thêm

May 22, 2023

EuroCham in the News

Đọc thêm

May 19, 2023

IP Business Advisor from the South-East Asia IP SME Helpdesk joins global brand professionals at INTA Annual Meeting Live+ in Singapore

Đọc thêm

May 18, 2023

EuroCham’s visit to Roche Diagnostics: spotlight on the crucial role of diagnostics and advocacy for a strong medical devices sector

Đọc thêm

May 18, 2023

[CORPORATE] Vietnam National Architecture Award 2022-2023 – Deutsches Haus Ho Chi Minh won the highest award

Đọc thêm

May 17, 2023

[Work @ EuroCham] Public Relations Coordinator – based in Ho Chi Minh City

Đọc thêm

May 16, 2023

The signing of Vietnam’s Power Development Plan (PDP) VIII marks a milestone for sustainable energy development and increased international investment

Đọc thêm

May 15, 2023

EuroCham in the News

Đọc thêm

May 15, 2023

EuroCham receives award from the Vietnam Investment Review for promoting foreign investment in Vietnam

Đọc thêm

May 15, 2023

EuroCham joins Hoan My Medical Group at Prima’s grand unveiling

Đọc thêm

May 12, 2023

EuroCham raises concerns on Credit Institutions Law at meeting with Vietnam’s National Assembly’s Economic Committee

Đọc thêm

May 12, 2023

EuroCham holds productive meetings in Hanoi with key Vietnamese officials

Đọc thêm

May 12, 2023

[Work @ EuroCham] JUNIOR EXTERNAL RELATIONS OFFICER

Đọc thêm

May 12, 2023

Spanish Chamber of Commerce Vietnam holds official launching, paving the way for stronger Spain-Vietnam economic ties

Đọc thêm

May 11, 2023

Successful resumption of Business Thursdays series, hosted by EuroCham for May, attracts over 120 attendees

Đọc thêm

May 11, 2023

VIETRADE panel: FAABS Chairman Jesper Clausen Urges Vietnam to Embrace EVFTA and Promote Sustainable Products for EU Market Success

Đọc thêm

May 10, 2023

Chairman Gabor Fluit joins EU Delegation Europe Day celebration in Ho Chi Minh City

Đọc thêm

May 09, 2023

HAPPY EUROPE DAY!

Đọc thêm

May 09, 2023

EuroCham representatives attend workshop on draft Law on E-Transactions organized by the Science, Technology and Environment Committee of the National Assembly

Đọc thêm

May 09, 2023

[Work @ EuroCham] ADVOCACY MANAGER

Đọc thêm

May 08, 2023

The EuroCham Digital Sector Committee hosts webinar on insights and guidance for ensuring compliance with Vietnam’s Personal Data Protection Decree

Đọc thêm

May 08, 2023

EuroCham in the News

Đọc thêm

May 07, 2023

EuroCham attends activities as part of Luxembourg’s mission to Vietnam, along with Vietnam’s Minister of Industry and Trade Nguyen Hong Dien as well as Luxembourg Prime Minister Xavier Bettel

Đọc thêm

Pour une expérience optimale, veuillez tenir votre mobile à la verticale !

Đối tác Bạch kim

Đối tác cao cấp vàng

Đối tác vàng

Đối tác Bạc

Đối tác dịch vụ cao cấp