HALAL INDUSTRY: OPPORTUNITIES AND CHALLENGE IN THE GLOBAL MARKET
Abstract
This research aims to provide a deeper and more detailed understanding of the opportunities and challenges of the halal industry in the global market. The study employs qualitative analysis of secondary data, specifically metadata from 79 publications obtained from the Dimensions.AI database. The data is then processed using Nvivo 12 Plus software, which facilitates a more systematic and structured data analysis. The findings of the research indicate that there are significant opportunities for the development of the halal industry, which continues to grow in the global market, particularly in the food and tourism sectors. However, there are several challenges in the development of the halal industry, including the lack of globally agreed-upon halal certification, supply chain issues, low awareness and understanding of halal products among the general public, and a shortage of halal product manufacturers. To address these challenges and strengthen the position of the halal industry in the global market, efforts to improve marketing strategies, foster innovation, and enhance understanding of halal products are necessary. Consequently, the results of this research have the potential to influence the global market by contributing to the future development of the halal industry.
Keywords
Full Text:
PDFReferences
Abd Mutalib, S., Muin, N. M., Abdullah, A., Hassan, O., Mustapha, W. A. W., Sani, N. A., & Maskat, M. Y. (2015). Sensitivity of polymerase chain reaction (PCR)-southern hybridization and conventional PCR analysis for Halal authentication of gelatin capsules. LWT-Food Science and Technology, 63(1), 714-719.
Aniqoh, N. A. F. A., & Hanastiana, M. R. (2020). Halal food industry: challenges and opportunities in Europe. Journal of Digital Marketing and Halal Industry, 2(1), 43-54.
Astuti, M. (2020). Pengembangan Produk Halal Dalam Memenuhi Gaya Hidup Halal (Halal Lifestyle). IURIS STUDIA: Jurnal Kajian Hukum, 1(1), 14-20.
Azam, M. S. E., & Abdullah, M. A. (2020). Global halal industry: realities and opportunities. IJIBE (International Journal of Islamic Business Ethics), 5(1), 47-59.
Devi, A., & Firmansyah, I. (2019). Developing halal travel and halal tourism to promote economic growth: A confirmatory analysis. Journal of Islamic Monetary Economics and Finance, 5(1), 193-214.
Devi, A., Firmansyah, I., Yuniarto, A. S., Hamid, B. A., & Nawawi, M. K. (2023). Determinant Factor Analysis of Financial Technology Adoption Among Halal Sector Microenterprises in Indonesia. Amwaluna: Jurnal Ekonomi dan Keuangan Syariah, 7(2), 347-368.
Devi, A., & Nawawi, K. M. (2018). Halal Certification Implementation Strategies for Fashion Product.
Fathoni, M. A. (2020). Potret industri halal Indonesia: Peluang dan tantangan. Jurnal Ilmiah Ekonomi Islam, 6(3), 428-435.
Hanzala, M. H., Kartika, B., Latiff, N. H. M., & Razali, M. A. (2021). Halal industry: Challenges and emerging opportunities in the economy of India. Journal of Halal Industry & Services, 4(1).
Hasanah, U. (2021). Analisis Peluang Dan Tantangan Industri Halal Pada Masa Pandemi Covid 19 di Indonesia. Journal Economics and Strategy, 2, 1-11.
Izza, N. N., Rusydiana, A. S., & Avedta, S. (2021). A Qualitative Review on Halal Tourism. Halal Tourism and Pilgrimage, 1(1). Samsul, Muslimin, S., & Jafar, W. (2022). Peluang dan Tantangan Industri Halal Indonesia Menuju Pusat Industri Halal Dunia. Al-Azhar Journal of Islamic Economics, 4(1), 12-24.
Landis, C., & Skouras, S. (2021). Guidelines for asset pricing research using international equity data from Thomson Reuters Datastream. Journal of Banking & Finance, 130, 106128.
Rachim, H. A., & Santoso, M. B. (2021). Mengarusutamakan Halal Lifestyle: Antara Peluang dan Tantangan Kapasitas Perlindungan Sosial dalam Trend Global. AdBispreneur: Jurnal Pemikiran dan Penelitian Administrasi Bisnis dan Kewirausahaan, 6(2), 151-161.
Latif, J. A. (2017). Implementasi Malaysian Standard (MS) 2424 2012 Halal Pharmaceuticals-General Guidelines Kesan Kepada Pensijilan Halal Malaysia. International Journal of Social Policy and Society (IJSPS), 13.
Mahardiyanto, A., Fathorrazi, M., & Priyono, A. (2022). Persepsi Dan Pengetahuan Generasi Millenial Terhadap Produk Halal. Jurnal Cakrawala Ilmiah, 1(7), 1681-1694.
Maliha, H., & Devi, A. (2023). Halal Certification Management in Indonesia. Management and Sustainability, 2(1).
Masruroh, N. (2020). The competitiveness of Indonesian Halal Food Exports in the global market competition industry. Economica: Jurnal Ekonomi Islam, 11(1), 25-48.
Meirezaldi, O. (2019). Halal Tourism Industry in Indonesia: The Opportunities and Challenges. Advanced in Economic, Business and Management Research, 154, 128.
Mubarok, F. K., & Imam, M. K. (2020). Halal industry in Indonesia; challenges and opportunities. Journal of Digital Marketing and Halal Industry, 2(1), 55-64.
Nasrullah, A. (2018). Analisis Potensi Industri Halal Bagi Pelaku Usaha Di Indonesia. At-Tahdzib: Jurnal Studi Islam Dan Muamalah, 6(1), 50-78.
Nasution, L. Z. (2020). Penguatan Industri Halal bagi Daya Saing Wilayah: Tantangan dan Agenda Kebijakan. Journal of Regional Economics Indonesia, 1(2), 33-57.
Chandramouli, C. (2011). Census of India 2011. Provisional Population Totals, Government of India, New Delhi.
Peristiwo, H. (2019). Indonesian Halal Food Industry: Development, Opportunities and Challenges on Halal Supply Chains. Journal of Islamic Studies and Humanities, 4(2), 218-245.
Purnomo, A. C. (2016). Analisis Penerimaan Pengusaha Kota BatuTerhadap Aplikasi Tracking Kuliner Halal DenganMetode Fuzzy Servqual (Doctoral dissertation, Universitas Brawijaya).
Rasul, T. (2019). The trends, opportunities, and challenges of halal tourism: a systematic literature review. Tourism Recreation Research, 44(4), 434-450.
Reuters, T., & Standard, D. (2016). State of the Global Islamic Economy Report 2016-2017. online at https://ceif. iba. edu. pk/pdf/ThomsonReuters-stateoftheGlobalIslam icEconomyReport201617. pdf.
Saputri, O. B. (2020). Pemetaan potensi indonesia sebagai pusat industri halal dunia. Jurnal Masharif Al-Syariah: Jurnal Ekonomi Dan Perbankan Syariah, 5(2).
Setyorini, W., Jannah, A. R., & Wulansari, U. (2021). Opportunities and challenges halal marketplace in Indonesia. Journal of halal product and research (JPHR), 4(2), 90-97.
Siswoyo, E. (2021, December). Strengthening halal industry in increasing competitiveness and economic opportunities in industrial revolution Era 4.0. In Annual International Conference on Islamic Economics and Business (AICIEB) (Vol. 1, pp. 67-74).
Supandi, A. F., Istiadah, I., Hannan, F. F., & Kusbiantoro, S. (2021). Halal Food Industry Innovation in Jember (Study on Opportunities and Challenges). Mabsya: Jurnal Manajemen Bisnis Syariah, 3(2), 92-100.
DOI: https://doi.org/10.32507/ajei.v14i2.2376
Refbacks
- There are currently no refbacks.
Copyright (c) 2023 Al-Infaq: Jurnal Ekonomi Islam
Indexed by:
.png)
© Copyright CC BY-SA Al-Infaq: Jurnal Ekonomi Islam, p-ISSN: 2087-2178, e-ISSN: 2579-6453 |
