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Players Told To Tap Halal Ingredients Market | 25/06/2010
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KUALA LUMPUR, June 25 2010 (Bernama) -- Halal industry players should tap the halal ingredients sector as Muslim consumers worldwide demand checks on animal-based ingredients, the Prime Minister's wife Datin Paduka Seri Rosmah Mansor said.

She said the complexity of ingredients integrated into pharmaceutical products and food ingredients like gelatine, enzymes and emulsifiers used in daily cooking and food preparation have come under close scrutiny and debate.

"As such, it is crucial for additional Syariah-compliant halal ingredients be made available to fulfil the needs of these more conscious consumers," Rosmah said in her closing remarks at the 3rd World Halal Research Summit (WHRS) 2010 here Friday.

She added the demand for typically non-halal ingredients from Muslim manufacturers and global consumers represented an enormous opportunity for halal industry players.

"The size of the global ingredients market was estimated to be over US$30 billion in 2005 and is forecast to have an annual growth rate of 2.4 per cent," she said, adding that the market was worth US$34.2 billion to date.

Rosmah said halal industry players should start leveraging upon emerging technologies such as biotechnology and nanotechnology to develop new products and improve the technology in halal food and non-food products processing.

She said the government had relevant policies and institutional infrastructure in place to encourage research and development (R&D) efforts.

"The government has established the Halal Industry Development Corporation and provided grants and incentives for companies to undertake R&D in halal production and product development," she said.

The three-day WHRS 2010 was aimed at realising a holistic approach to develop a "halal eco-system" through research and development.

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