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How Valuable The Muslim Market Is
How Valuable The Muslim Market Is
HOW VALUABLE
THE MUSLIM
MARKET IS?
HO
TH
M
LE
IM
S?
Bara Imaji | 1
Gen M | 2022 Gen M | 2022
Introduction
According to The Royal Islamic Strategic
Studies Center (2022), the world’s Muslim
population is estimated at 1.93 billion
people. That number is equivalent to 22%
of the total world population which is
estimated at 8.94 billion people.
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Table
of content
01 04 07
Introduction The facts about Conclusion
Gen M
02 15 57
02 05
What is Gen M? The behavior about
Gen M
06 20
03
Gen M treats:
06
Study Case
what should you
know?
12 44
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Gen M | 2022 Gen M | 2022
01
What is
GEN M? Chapter 1:
What is Gen M?
Generation M :
The affluent Muslims
Muslims changing 70%
the world
Christians
Generation M:
Young Muslims
Generation M are muslim 34%
Changing the World millennials, the global generation
by Shelina Janmohamed
born in the past 30 years.
Hindus
Generation M has “one over-
riding characteristic, which is that
they believe that being faithful
27%
and living a modern life go hand
in hand, and there is absolutely
no contradiction between the
two. The demographics depict an Research Center, there will be 2.8
extraordinary trajectory. billion Muslims globally, more than a
They are a tech-savvy, self- quarter of the world’s population.
empowered, youthful group In 2010, there were 1.6 billion
who believe that their identity Muslims in the world, a figure
encompasses both faith and forecast to grow by 73% in the next
modernity. four decades – more than double
the general rate of growth.
Source : Pew Research Center Demographic Projection.
By 2050, according to the Pew Methodology for details. “The Changing Global Religious
Landscape”
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Gen M | 2022 Gen M | 2022
Generation M
Treats :
What shoud
you know
Chapter 2:
Generation M Treats:
What should you know
Creative
Desire to get
03 Critical 04 quickly and instant Think outside the box, rich in
ideas and notion, and able to
communicate ideas brilliantly.
This generation tends to be more This generation likes fast and instant
critical and active because they see things such as online shopping,
many fast-paced and instant social reading news, or ordering food online.
phenomena through social media.
Connected
Individuals who are good at
socializing, especially in the
Quite active on
05 social media communities they follow, they
are also active on the internet.
The Facts
About Gen M
Gen M | 2022
Chapter 3:
The Facts
about Gen M
About Gen M
However, it can be backfire
because some customers might
think that the promotion is just a
gimmick.
M
uslim consumer are Yuswohady (Marketing Expert)
distributed across more said the boom in non-food
than 65 countries and brands introducing halal certified
70% of muslims worlwide choose products was a strategy to win
halal products, both food and the heart of the huge muslim
equipment. market.
Chapter 4:
The behavior
of Gen M
The Behavior
of Gen M
How Exactly
Muslim Lifestyle
is created!
Al-Qur’an, Hadits,
Prophet’s Guidance,
The Behavior
Islamic sharia
of Gen M GEN M
01. 02.
Spiritualistic Ethical
03. 04.
Humanistic Realistic
Market
selling products to the Muslims. This Islam when targeting the Muslim
would increase the reputation of community.
the respective company among the
society. On the other hand, these
firms could gain loyal consumers
and respect.
The Four
particular and sensitive over the lucrative market.
halalness of their lifestyle, especially (Awang, Abdul-Rahim et al. 2014)
food, the prospect for halal market
is enormous. Muslims represent an estimated 23%
Segments
of the Halal
Market
Although the term halal has never
attracted as much attention as in
recent times, today, wherever there
are Muslim consumers whose tastes
and preferences are governed by
halal rules on food specification, a
halal food market exists.
“
Muslims in Indonesia have a
Every Muslim must ensure positive awareness and attitude
that what they eat comes towards halal products which
from a halal source. This causes motivation to buy and
direct people around them to
does not mean only to check
buy halal products, this is also
the ingredients, but also
based on the belief that halal
to ensure that the whole
“
process is in accordance
with Shariah principles.
(Zakaria 2008)
products are in accordance
with Islamic law.
(Mukhtar and Muhammad, 2012)
Segments
of the Halal
Market
*Food
Although the term halal has
Segments of the
never attracted as much
Halal Market attention as in recent times,
today, wherever there are
Muslim consumers whose Halal food products are not
26 %
%
tastes and preferences are confined to meat and poultry,
Food
2
Other
%
*Pharmaceutical
& Health Product
*Cosmetic
compliant substances such (Hussein Elasrag)
Product
Gen M will pay attention to health
products, especially medicines
to ensure that these products do
not contain non-halal ingredients
such as gelatin from pigs, or non-
original animals (not genuine in
the sense of experimental results. The emerging halal cosmetic in conformity with Sharia
It could also be in the sense of and personal care market is seen requirements.
a cow barking or the result of by analysts as next in line for
tortured animals ) because in growth after the lucrative halal Interestingly, halal cosmetics has
Islamic teachings, as we know we food sector. The main driver also gained momentum amongst
are not allowed to hurt animals. for this huge demand in halal modern consumers who are eco-
Even during the sacrifice we cosmetics and beauty products ethical conscious and are willing to
should not hurt the animal. stems from the demographic of pay a premium for organic, natural
young, religiously conscious, and and earthy cosmetics products to
dynamic professional Muslim suit their modern lifestyle.
population. In the scope of halal
cosmetics, the concept covers
critical aspects of production such Halal Industry : Key Challenges and
Opportunities
as halal ingredients and usage of
(Hussein Elasrag)
permissible substances which must
be manufactured, stored, packaged https://papers.ssrn.com/sol3/papers.
and delivered cfm?abstract_id=2735417
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Gen M | 2022 Gen M | 2022
Come along with the times, The majority of Muslim countries In short, halal fashion, halal
various fashion trends that exist today such as Indonesia have lifestyle, and self-identity are
in society are growing. given a lot of flexibility to women interrelated. With fashion trends,
Fashion is an inseparable part to express their personality an individual will change his
of appearance for daily style in through dressing with various lifestyle to follow trends and halal
carrying out of all activities. styles and accessories in it. fashion can be used as a Muslim’s
identity.
Not to be outdone, Muslims
indirectly make a trend of Muslim Islam basically does not forbid if
dress or what is often called Halal a woman wants to look beautiful
Fashion where they wear clothes and charming by doing mix and
according to Islamic sharia. match in their fashion. However,
as a Muslimah, women still have
to pay attention to the fashion
models worn, such as covering
their aurat (body parts required
by Islam to be covered) perfectly
and not being overly decorated.
#1 #3 #2
#5 #4 #2
https://papers.ssrn.com/sol3/papers.
cfm?abstract_id=2735417
Brand
opportunity for the development
of the halal food sector and the 2 3
challenge of maintaining this level of
preference. Recommendations
Preferences in choosing food and beverage Preferences in choosing food and beverage
products Global Islamic Report 2019 -2020 products Global Islamic Report 2019 -2020
2 3 2 3
The quality The number of
of places of tourist destinations Health Brand
worship. and recreational (vaccine) Image
areas
Preferences in choosing food and beverage Preferences in choosing food and beverage
products Global Islamic Report 2019 -2020 products Global Islamic Report 2019 -2020
1
TV programs
with Islamic
themes • Consumer preferences for halal Shopping Behaviors: Gen M Get Shopping
products/services show that
consumers have awareness of halal Inspiration through Facebook, Instagram and
media and recreation by 84.6%. E-Commerce
02 Cluster 2
• Muslim consumer spending is
Reading trusted media
projected to increase in 2030 to • 73% of Gen M get inspired to shop
reach USD 309 billion with the through digital platforms.
Television programs
for family events
assumption that the Compounded
Annual Growth Rate (CAGR) is 5.8% • 69% of Gen M get inspired to shop
while using their smartphone.
• In this way, opportunities for halal
products/services in media and • 56% of new Gen M get inspired to
2 $
recreation are projected to increase
significantly in the future.
shop when they’re in the store.
Costs incurred
to access
media.
Preferences in choosing food and beverage
products Global Islamic Report 2019 -2020
Chapter 5:
Study Case
Study
Case
05
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Gen M | 2022 Gen M | 2022
Then, they will continue to be committed to In product packaging, Sasha Toothpaste Products
making Sasha a Halal Brand that can and has also innovate in the form of sachets which makes
quality to be used by the community. this product unique from its competitors.
• Zoya is a brand that uses the • This campaign ran for two weeks
Tokopedia platform for online sales in total
and there is a significant increase in
sales. • Sales achieved more than five
thousands sacrificial animals
• Zoya’s hijab, mukena, prayer rug, (domba)
Along with the success of Zoya Fashion which is koko, and other Muslim fashion
engaged in Muslim Clothing. Feny continues to
innovate by developing into various subsidiaries. are among the products that • 1 transaction per minute
Such as Zoya Cosmetics, Zoya Jeans, and Zoya experienced the highest increase
Home which have their respective fields according in transactions in e-commerce • New customers acquisitions
to the brand name.
throughout 2020 compared to 2019.
Wardah Beauty
Brand Ambassador:
Sunsilk
Dewi Sandra, Inneke Koesherawati, Zaskia Sungkar, Natasha Rizky
Impact after
using Brand
Ambassador
Impact after
https://www.youtube.com/ using Brand
watch?v=aGw4HwPRHsU Ambassador
https://compas.co.id/article/brand-makeup-
lokal/
Starbucks
Conclusion
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