There has been much talk recently in the media and the blogosphere about the benefit, or otherwise, of cultural diversity in the UK. However, whether it is good, bad, or indifferent, it is here to stay and while there are social implications to that, there are also commercial ones.
One of the more substantial business opportunities is that of Halal food. Halal food is consumed by the Muslim community, with some 90% of those people identifying themselves as Muslims claiming to strictly follow the rules on food consumption as laid down in the Koran.
Halal means ‘lawful’, or ‘permitted’ and there are some very clear strictures on food preparation especially with regard to meat. In summary, any meat from pigs is forbidden, as is carrion meat – animals should be slaughtered in a controlled fashion.
The controlled aspect is of course were the controversy lies, with rules that the carcass be drained of blood and as near as possible facing Mecca when being slaughtered.
In practice, the rules come very close to normal slaughtering processes, so much so that Halal conforming meat is often sold without labelling to the secular world.
The Halal opportunity is twofold. Firstly the Muslim population in the UK is growing. According to the national census, between 2001 and 2011, the Muslim population grew from 1.5 million to 2.7 million – which is an 80% growth rate in 10 years. The population is expected to double from that figure in the next 15 years to around 5.6 million by 2030.
The second opportunity is how the food industry as a whole is responding to Muslim requirements. In recent months national chains such as Pizza Express, Nando’s, KFC, and Subway have all made adjustments to their menus to accommodate Halal options. It is also sold in supermarkets such as Morrisons, Marks & Spencer and Waitrose – although controversially in many instances the Halal meat has not been labelled as such.
The world’s first Halal food festival was launched in London last year with the intention of making Halal food more mainstream and a more common option in restaurants – a bit like vegetarian meals have become in recent times. This ultimately would mean a mixed group of people could all eat together, with each having their food preferences catered for – whether that be for conscience, or religious reasons.
It is very difficult to criticise this ideal. If a family that eats together stays together then surely a society that eats together must become much more cohesive as a result.
This is certainly a market that is growing faster than the economy overall and we are pleased to say that we can offer a very good way to enter the market just as it is hitting the steeper part of a strong upward curve – with someway to go.
We have on sale right now an excellent opportunity to purchase a Halal food processing business, here in the UK which has itself shown a steep rise in sales over the last couple of years. With an established customer base, and turnover in excess of £7 million a year, this business would be an excellent investment for an overseas purchaser looking to either extend their existing food business, or branch out into a new area.
Buying this Halal food business would also be a fantastic opportunity for any existing food processing business in Britain to capture a substantial portion of a market that will shortly grow to above 8% of the UK population.
There is no doubt this is an excellent opportunity so, whatever the motivation, if you would like more details, then please get in touch for a confidential, no obligation, preliminary discussion.