The MIHAS Product Excellence Award 2024, hosted by the Malaysia International Halal Showcase (MIHAS) on 20th September 2024, celebrated trailblazers in the halal industry who embody excellence, innovation, and ethical practices. This prestigious recognition, organised by MATRADE (Malaysia External Trade Development Corporation), is a beacon for businesses striving to elevate the standards of halal products and services globally.
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A Platform for Global Halal Recognition
The MIHAS Product Excellence Award is not merely an accolade; it is a testament to the commitment of businesses that champion quality and creativity. The award focuses on four key pillars:
- Product Innovation: Introducing groundbreaking solutions for consumer needs.
- Quality Assurance: Demonstrating superior production and design.
- Market Impact: Expanding the presence of halal products in international markets.
- Sustainability: Upholding environmental and ethical standards in product development.
MATRADE: Driving Malaysia’s Halal Economy
As a global hub for halal excellence, Malaysia owes much of its success to MATRADE’s strategic initiatives. By fostering opportunities for Malaysian companies to shine on the world stage, MATRADE continues to strengthen the nation’s leadership in the halal industry. Events like MIHAS create invaluable exposure for businesses to engage with international buyers and investors.
The Expanding Halal Market
The halal industry is undergoing significant growth, with sectors such as beauty, pharmaceuticals, and finance rapidly joining the food and beverage space. This shift underscores the need for adaptable, innovative solutions that cater to a wide range of consumer preferences. Globally, the halal market is valued at over £2.4 trillion, a figure expected to grow exponentially in the coming years.
A Look Towards the Future
The 2024 MIHAS Product Excellence Award is a catalyst for change, inspiring businesses to invest in innovation and sustainability. As global consumers demand products that are ethical, high-quality, and reliable, companies recognised by MIHAS stand out as leaders in their fields.
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Conclusion: Shaping the Future of Halal Innovation
The MIHAS Product Excellence Award is a celebration of the creativity and hard work that drives the halal industry forward. As companies continue to innovate, this award will remain a hallmark of excellence.
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