{"id":5174,"date":"2025-10-08T09:38:33","date_gmt":"2025-10-08T00:38:33","guid":{"rendered":"https:\/\/souqtimes.com\/?p=5174"},"modified":"2025-10-08T09:38:33","modified_gmt":"2025-10-08T00:38:33","slug":"global-halal-industry-experiencing-double-digit-annual-growth-oic-official-reports","status":"publish","type":"post","link":"https:\/\/souqtimes.com\/ja\/finance\/5174\/","title":{"rendered":"Global Halal Industry Experiencing Double-Digit Annual Growth, OIC Official Reports"},"content":{"rendered":"

JAKARTA<\/strong> – The worldwide halal industry is experiencing robust expansion with annual growth rates exceeding 10%, according to Ahmad Kawesa Sengendo, Economic Advisor to the Secretary General of the Organization of Islamic Cooperation (OIC), who spoke at the 2nd Azerbaijan Halal Business (AZHAB) Forum.<\/p>\n

Industry Transformation and Evolution<\/h2>\n

Sengendo highlighted the critical need to fully realize the halal industry’s potential in today’s rapidly changing economic, technological, and social landscape. He noted a significant shift in how halal is perceived globally.<\/p>\n

“Halal has evolved beyond being merely a religious requirement\u2014it has transformed into a worldwide phenomenon. The ‘halal’ certification has rightfully earned recognition as a mark of quality and health standards,” Sengendo stated.<\/p>\n

Substantial Market Growth<\/h2>\n

Data presented by Sengendo reveals impressive industry expansion, with the halal market growing from $3.2 trillion in 2014 to $4.7 trillion by 2020. This substantial growth trajectory demonstrates the increasing demand for halal-certified products and services across diverse markets.<\/p>\n

The economic advisor emphasized that the expansion of halal economic activities presents significant opportunities extending far beyond the world’s 1.9 billion Muslim population, offering benefits to humanity at large.<\/p>\n

Leading Global Players<\/h2>\n

According to 2024 data, the top ten halal product exporting nations include Brazil, India, the United States, Russia, Indonesia, Argentina, Turkey, Australia, China, and Malaysia\u2014showcasing the industry’s truly global nature.<\/p>\n

On the import side, the leading markets are Indonesia, Malaysia, Turkey, Saudi Arabia, the United Arab Emirates, Egypt, Bangladesh, Algeria, Iraq, and Morocco, listed in order of import volume.<\/p>\n

Market Implications<\/h2>\n

The strong performance of the halal industry reflects changing consumer preferences worldwide, with increasing numbers of people\u2014both Muslim and non-Muslim\u2014seeking products that meet halal standards due to their association with quality, ethical production practices, and health considerations.<\/p>\n

This growth trend suggests continued opportunities for businesses, exporters, and investors looking to enter or expand within the halal market sector, which encompasses food products, pharmaceuticals, cosmetics, fashion, tourism, and financial services.<\/p>\n

The forum’s discussions underscore the importance of international cooperation and standardization in further developing the halal industry’s potential in the coming years.<\/p>\n

 <\/p>\n

Original Article:<\/strong><\/p>\n

Report. (2025, October 8). Global halal industry grows over 10% annually, says OIC official<\/em>. Retrieved from https:\/\/report.az\/en\/business\/global-halal-industry-grows-over-10-annually-says-oic-official<\/p>\n","protected":false},"excerpt":{"rendered":"

JAKARTA – The worldwide halal industry is experiencing robust expansion with annual growth rates exceedi […]<\/p>\n","protected":false},"author":9,"featured_media":5175,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"pmpro_default_level":"","inline_featured_image":false,"footnotes":""},"categories":[4],"tags":[376,3195,842,3227],"class_list":["post-5174","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance","tag-global-halal-industry","tag-halal-industry-demand","tag-halal-industry-growth","tag-halal-industry-projection","pmpro-has-access"],"_links":{"self":[{"href":"https:\/\/souqtimes.com\/ja\/wp-json\/wp\/v2\/posts\/5174","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/souqtimes.com\/ja\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/souqtimes.com\/ja\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/souqtimes.com\/ja\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/souqtimes.com\/ja\/wp-json\/wp\/v2\/comments?post=5174"}],"version-history":[{"count":1,"href":"https:\/\/souqtimes.com\/ja\/wp-json\/wp\/v2\/posts\/5174\/revisions"}],"predecessor-version":[{"id":5176,"href":"https:\/\/souqtimes.com\/ja\/wp-json\/wp\/v2\/posts\/5174\/revisions\/5176"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/souqtimes.com\/ja\/wp-json\/wp\/v2\/media\/5175"}],"wp:attachment":[{"href":"https:\/\/souqtimes.com\/ja\/wp-json\/wp\/v2\/media?parent=5174"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/souqtimes.com\/ja\/wp-json\/wp\/v2\/categories?post=5174"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/souqtimes.com\/ja\/wp-json\/wp\/v2\/tags?post=5174"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}