Over the past two years, plant-based food consumption has grown by 49% across the EU, reaching a total sales volume of €3.6 billion.
Global Halal Economic Growth Opportunities
2025-05-15
arriveBy 2030, the global halal economy is expected to reach a dynamic market of US$4.96 trillion.
Frost & Sullivan's recent analysisGlobal Halal Economic Growth OpportunitiesThe Halal economy is experiencing an upward trend, with increasing demand for Halal products in both Muslim and non-Muslim countries. The main factors driving the Halal industry are favorable demographics, government policies, and private sector initiatives. Growing demand for Halal food among non-Muslims will be driven by its association with safe and healthy eating, while Halal fashion and tourism should also gain increasing acceptance among more conservative non-Muslim consumers. The global Halal economy market is likely to witness impressive growth byIt will increase from US$2.30 trillion in 2020 to US$4.96 trillion in 2030.
“With higher levels of halal trade and Islamic finance likely to accelerate infrastructure development, the halal economy is expected to become more integrated with global trade and supply chains,”Senior Economist, Frost & SullivanNeha Anna Thomasexplain.“In addition, the government is strengthening regulatory and policy support through the national master plan and expansion of certification scope, which will promote the growth of the halal industry.
Thomas added: “Transparency and traceability across the halal product value chain are crucial. Therefore, the government should encourage the adoption of advanced technologies such as blockchain and the Internet of Things (IoT) when formulating its halal economy master plan, while businesses can collaborate with tech start-ups.”
To capitalize on the growth opportunities in the Halal market:
Global governments must seekHarmonization of halal standards and certificationprocess to help reduce the number of certification requirements and promote halal commerce.
Food manufacturers shouldTechnology CompanyCollaborating to improve traceability and transparency while increasing consumer trust.
Global pharmaceutical manufacturers and raw material suppliers should incorporate halal-certified products into their products, possibly through joint ventures, to capitalize on the growing popularity of halal in Islamic countries.Halal medicine demand。