Halal products have become a major international market and are actively expanding. According to International Business Daily, 'The annual global market value of Halal food is US$150 billion; combining food and non-food, the market value is US$210 billion.' The Muslim population is currently about 1.8 billion, rising at a growth rate of 2.9%, and is expected to account for 30% of the world's population by 2025. As the Muslim population grows, the total value of Halal food could easily reach 20% of world food trade. Asia concentrates many Muslim consumers and is highly favored.

Asia Is the Main Target Market for Halal

Asia, especially Indonesia, Pakistan, India, China, Singapore, Brunei, Thailand and West Asia, has a combined Muslim population of about 100 million and is a major target market for Halal goods and services. Muslims' purchasing power is high; due to higher education and an emerging Muslim middle class, the disposable income of Muslims in Southeast Asia and the Middle East has also increased. In this region, the Halal food product industry has risen rapidly. Southeast Asia has a vast Muslim consumer market of 22.5 million, and Thailand has the potential to become a center of halal food, with a distinct profile in the global food export industry and abundant agricultural resources. The Malaysian government has set up a Halal industry development corporation responsible for coordinating and leading the all-round development of the Halal industry, and the government has also allocated 50 million ringgit to add Halal product industrial parks in states such as Kelantan, Pahang and Perlis. It is reported that Halal food certified by Malaysia can circulate unimpeded in the Muslim world. Obtaining Halal certification for food means the fine quality of being 'green, pure and pollution-free,' catering to modern people's new demand for healthy food, and is loved not only by Muslim communities but also by other ethnic groups. May relevant domestic enterprises target the business opportunities and enter the Halal market in a timely manner.

FAQ

What are the size and growth trends of the global Halal product market?
According to International Business Daily, the annual global market value of Halal food is about US$150 billion, and about US$210 billion combining food and non-food. The Muslim population was then about 1.8 billion (as stated in the original), rising at a growth rate of 2.9%, and expected to account for 30% of the world's population by 2025. As the Muslim population grows, the total value of Halal food could easily reach 20% of world food trade. Asia concentrates a large number of Muslim consumers and is highly favored.
Why is Asia the main target market for Halal products?
Because Asia (especially Indonesia, Pakistan, India, China, Singapore, Brunei, Thailand and West Asia) has a large Muslim population with high purchasing power (driven by higher education and an emerging middle class, with rising disposable income in Southeast Asia and the Middle East), it is the main target market for Halal goods and services. Southeast Asia has a 22.5 million Muslim consumer market, Thailand has the potential to become a halal food center, and the Malaysian government has set up a Halal industry development corporation and funded Halal product industrial parks. Obtaining Halal certification means being 'green, pure and pollution-free,' loved by non-Muslims too.