The American Muslim Consumer Conference (AMCC) provides the only platform for industry professionals to examine this potent market sector, and explore its rich potential. The objective of AMCC is to “Understand and Address the needs of American Muslim Consumers and promote companies/entrepreneurs who are developing products for this market”.
It is clear that this market is growing and maturing. The consumer preferences of the world’s nearly 1.5 billion Muslims are faith-based and the concept of Shariah-compliance as a marketing strategy has started to take root in the global and national marketplaces.
JWT’s 2007 study of ‘one of America’s biggest hidden niche markets’ revealed that the American Muslim consumers represent “a neglected market with huge potential for brands that are willing to connect with them.”
The report, based on face-to-face and telephone interviews, uncovered various important points about American Muslims attitudes to brands:
“The United States is beginning to recognize the market potential offered by the millions of Muslims living in the country.”
“This event is bound to provide marketers with another convincing look at this market. The event has a great lineup of speakers of marketers, analysts, and experienced Muslim market entrepreneurs who will cover American Muslim markets scope, trends and opportunities, and ways to effectively reach them.”
“The AMCC event was the first of its kind – anywhere – to look at this market from the perspective of reaching the target consumers, and the topic was approached from all sides. Both Muslim and non-Muslim speakers unfolded their perspectives on the issues at hand, and while their perspectives varied, there was the common thread… we are seeing something powerful coming into view.”
“The community is open to marketing messages and engagement and this to me is the most interesting. Why do Muslims welcome advertising targeted at them? Because to be marketed to is a form of acceptance, marketing is part of the fabric of our society. So when we specifically market to Muslims it’s a signal that they are part of the mainstream rather than feared, misunderstood, marginalized, etc.”
“The goal of the event is to dispel negative stereotypes of Muslims by highlighting their contributions to America’s society and economy.”
The National (UAE)
“The potential for growth within the halal and Islamic finance sectors were discussed at length as was analysis of the US Muslim consumer market and strategies to reach it.”
“In the coming years, the U.S. market will likely begin to recognize and court the $170 billion purchasing power of American Muslims.” In attendance for this year’s conference were key representatives from Wal-Mart, Sam’s Club and Campbell’s Soup.”