The increased purchasing power of Muslim countries is driving growth of the food market which caters for Muslims.
Friday, April 4, 2014
From a press release issued by the Costa Rican Foreign Trade Promotion Office:
The global halal industry is estimated to be worth hundreds of billions of dollars and is multiplying along with the growth of Muslim populations. Producers outside the Muslim world are eager to tap into this growing market, and the UAE is positioning itself as the gateway and becoming a global hub for business and Islamic finance. Officials in this country reported in February that Dubai had dedicated about 62 million square meters of its territory to house in Dubai Industrial City a Halal Cluster for companies engaged in manufacturing and logistics of such products and those related to food, cosmetics and personal care products.
Belhoul Abdullah, CEO of Dubai Industrial City, said the idea of creating an exclusive area for the producers of halal goods was driven by the increasing local and international demand for these goods. He also said that he expects the industry to double in value in five years. "We know that this industry is growing, therefore we think that there are many opportunities and we have to take advantage of this," he said.
The National Agricultural Development Bank has funds available for food producers.
Jorge Handal, President of the Association of Farmers and Ranchers in Sula, reported that the National Bank for Agricultural Development (Banadesa) has $255 million available in loans for producers, which will be granted with an interest rate of 9%, lower than the market rate.
Organic and natural pet foods are the most in demand globally.
Natural and organic pet food has had great growth in the market. Between 2002-2012 premium brands increased their share by 68%, according to statistics provided by Euromonitor International.
From an article by the Costa Rican Foreign Trade Promotion Office (PROCOMER):
Foreign sales of processed foods have grown 30% in the past five years and currently represent 15% of all exports.
According to Sofana Lopez, an International Markets Information analyst at the Center for Exports and Investment (CEI), coffee and beef products are the leading exports of food in general.
A free webinar will be given entitled "Distribution, packaging and presentation of food products in Japan."
From a statement from the Trade Office of Costa Rica:
Virtual Seminar in Madrid on food products in Japan
On 20 September the Spanish Institute for Foreign Trade (ICEX) will host a free webinar entitled "Distribution, packaging and presentation of food products in Japan."
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