Organised by the Institute for Food, Drugs and Cosmetics Assessment of the Indonesian Ulema Council (LPPOM-MUI) the event will be known as the International Halal Expo (INDHEX).
“INDHEX 2014 is a routine agenda of LPPOM MUI. It will be organized in Jakarta, on October 22-25. This year, the expo will be held for the fourth time,” said the director of the institute, Lukmanul Hakim.
Building a halal business community
Hakim went on to explain that one of the primary objectives of the event is to form a loyal community of halal businesses that can help and support one another and to face free trade united in 2015.
In particular the aim is to develop the fast-growing market for halal products, in a country that has the largest population of Muslims in the world – currently estimated to be more than 87% of a total population of 209 million people.
“The consumption of the world community is even higher for Halal products following increased understanding that Halal products are qualified products,” Lukman said.
Event will promote food, medicine and cosmetics
The event organisers are trading significant economic growth in Indonesia, that is in turn feeding a significant growth in the spending power of the population as a whole.
In line with this spending power there has also been a significant development and expansion of science and technology in the country, which is leading to increasingly innovative cosmetic, food and medicines being developed and launched in Indonesia.
The event will be attended by both foreign and domestic professionals, and as well as the expo hall, will also include training, symposium, International Halal Research congress, talk shows, competitions, and other points of interest.
Halal cosmetics show potential
A recent report from market research firm TechNavio has highlighted the rise of cosmetics able to make halal claims, noting it expects the category to see global growth at a CAGR of 11.08% over the period of 2014 – 2018.
The projected growth will follow two key consumer trends: the growing number of Muslim consumers, and increasing customer concern surrounding halal cosmetics.
“There is an increase in the demand for cosmetics and personal care products which adhere to Islamic law,” analysts for the report firm note.