Faisalabad, 19 November 2022 (TDI): The Ambassador of Indonesia to Pakistan, Adam M. Tugio attended the International Conference on Islamic Economy and Halal Cosmetics hosted by the University of Faisalabad.
While addressing the conference he stated that Indonesia and Pakistan must step up bilateral cooperation and research efforts to benefit from the booming halal cosmetics market.
The halal cosmetics market is steadily increasing its share every year and generating a number of investment opportunities with promising long-term growth prospects.
According to the Ambassador of Indonesia, the popularity of halal products is not just confined to Muslim nations.
A wide range of non-Muslim consumers is also drawn to them by their high-quality standards and certification procedures backed by a high level of consumer awareness of healthy and environmentally friendly goods.
The market for halal cosmetics is expected to grow by 12% between 2022 and 2030 to reach USD 83.76 billion. The market for beauty and personal care in Indonesia alone is expected to reach USD $7 billion in 2023.
Along these lines, the Ambassador emphasized that Indonesia and Pakistan must increase cooperation in the niche of the halal industry given favorable market trends.
It is pertinent to note the fact that both nations are part of the Asia-Pacific region, which is home to about 62.1% of the world’s Muslim population.
In this vein, Ambassador Tugio also highlighted other natural remedy techniques, such as Jamu; an Indonesian traditional herbal medicine that is thought to be an authentic natural way to treat illnesses and preserve beauty.
“Basic natural ingredients for health care are in abundance in Indonesia due to its rich biodiversity and need to be explored further for more benefits.
I observe that Pakistan also has much potential to develop traditional herbal medicines as we can see the popularity of Unani medicines here”, he added.
The Ambassador also urged the business community to step up and support research projects so that Indonesia and Pakistan can establish beneficial connections and promote the Halal cosmetics industry.
This will be crucial for the economy, as well as traditional herbal medicines. Haider Amin, the Chairman of the BOG at the University of Faisalabad also spoke at the occasion.
He noted that Indonesia was one of the top producers and consumers of halal products in the world, with a market for these goods that was steadily expanding.
He thanked the Indonesian Ambassador for attending and stressed the importance of enhancing Indonesia-Pakistan research collaboration in the halal sector.
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While Dr. Tanzeela Khalid stated in her brief remarks that TUF had organized a conference to expand the interprofessional approach to promote skincare and health products with the participation of 300 online participants from various nations and 40 international specialists.
She enunciated that the conference would provide a venue for the commercialization of research skills to meet industry demand and disseminate information on best practices for the expanding halal skincare and cosmetics sector.
