In
the past decades, the companies especially from the Western world tend to use
more of forcing or threatening activities to sell their products expecting that
people will adapt to their brand by this coercive attitude. One of the main examples
who adapted this technique was Coca-Cola which used this same method in all the
countries they were selling to. Looking at the present scenario, it is very
difficult to escape from various cultures and elements in the world leading the
marketers to scrutinise and analyse the market properly which will help them to
launch their products in foreign markets. This applies the companies to
penetrate in Halal market too. Muslim population makes up to 23% of the world
population that is approximately 1.7 billion people which means that the Halal economy,
Islamic culture and political environment cannot be neglected of these
countries.
It’s
not just Halal that matters. It is more of marketing strategy. When the
companies were analysed and enquired the response was numerously common saying
that “we don't do Halal”. It is important to note that Muslim consumers shop
differently for different reasons even if they are used to or specifically
buying the same products. Let us take the example of Johnson & Johnson. This
multinational company enjoys a New Year sale of nicotine patches but also has
noticed the stop smoking patches by Muslim in a month- long fast Ramadan
leading to a change in marketing behaviour. This can be seen in Halal Expo Tourism also.
Halal tourist companies like HalalTrip advertises its facilities and
accommodation on the basis of how near the Muslim amenities like Halal
restaurants and mosques are.
From
an economic perspective, the Muslim world is also diverse. Proper selection of
strategies is very important depending on the global and local marketing strategies.
Like to see if the countries have High overall GDP like Indonesia & Turkey
or they have High GDP per capita like Qatar or they have poor end spectrum like
Comoros & Somali. Opportunities still exist in the poor countries because
the bottom of the pyramid approaches worker remittances. They can as a whole
increase the demography leading to an increase in GDP giving signs of good
market.
Due
consideration needs to paid to local and legal barriers in Halal markets. Boycotting
a company or country makes the companies in a tough position. For example
Israel is boycotted by Arab League. So the companies need to choose between the
Israeli market and Arab League member markets. The legal system of a country
makes a huge factor. For instance, Malaysia has adopted separate legal and
statutory authorities for industries like Islamic banking or to certify halal
food and beverages. Coordination between
company’s standard and the standard of the country can add to a key feature in
selling the products to Muslim population.
The
Fair Trade Show for halal Market and economy is very large and diverse with a
global Muslim population having their specific needs and demands which change
according to their preferences. It will however turn easy and possible to
penetrate in Halal market knowing all the factors and keeping them in mind.