Turkey and World Halal Trade in Early 2023

Dr. Huseyin Kami Buyukozer, president of GIMDES, assessed Turkey's and the world's Halal-product trade in early 2023 in his written statement. Since 2009, TURKIYE has exported Halal-certified products to 120 countries... Halal is an Arabic word meaning 'permitted.' Today the concept of Halal is not limited to food; it spans a wide range of fields including textiles, pharmaceuticals, cosmetics and logistics. The target audience of the Halal product market is the Muslim population, reaching about 2 billion people. Currently, countries such as Malaysia, Indonesia, Thailand, Singapore, Australia, Russia, the United States and the EU are all active Halal markets. It is estimated that "the world Halal market will exceed US$10 trillion, including the food and beverage sector, Halal pharmaceuticals, the Halal tourism sector, the Halal cosmetics sector and Halal textiles." Turkey's economy has reached US$10 billion in exports in the Halal food sector, and can set the target even higher. A big goal of producing and exporting Halal food through the private sector can be planned for 2023. In 2023, companies producing Halal food would reach 1,000 and companies exporting Halal products would reach 500. Halal-food exports, currently about US$10 billion, may rise to US$15 billion in 2023.