Halal Nutraceutical in Singapore: A Scientific Approach

Abstract

The increasing demand of Halal Nutraceutical products byconsumers, Muslim entrepreneurs and non-Muslimentrepreneurs entail a need to analyze the development ofthe Nutraceutical sectors within the Halal Industry in Singapore. This study will illuminate the potential growth ofthe Halal industry which has become a significant contributor to all facets of the economic growth in Singapore. This study will also help to further improve thecompliance towards halal standard among the participants and key players of the halal industry. This too will encourage investment of resources in Halal Research and Scientific approach in the road to transform Singapore into a leader inthe Halal market. Focuse of this study on nutraceutical products, which has the capability to expand from its ownniche market to a global market, especially in a commercialhub like Singapore. For this reason, Non-Muslim entrepreneurs in the halal industry need to have a clearunderstanding and the right perception of the Halal Concept for it would contribute towards the creation of a halal business environment in Singapore.