By BERNAMA

Event Strengthens Halal Industry Competitiveness

The World Halal Excellence Awards 2024 has reinforced Malaysia’s standing in the rapidly expanding global halal market, valued at approximately US$5 trillion. The event highlighted Malaysia’s leadership in halal certification, innovation, and industry governance while showcasing local companies that have made significant contributions to halal development.

Industry leaders noted that the awards serve as a strategic platform to promote Malaysian halal products on the international stage while encouraging higher standards across production, certification, and compliance. The recognition also strengthens confidence among global investors and trade partners.

Officials emphasized that the halal sector is no longer limited to food production but now extends to pharmaceuticals, cosmetics, logistics, finance, and tourism. Malaysia’s strong regulatory framework and long-standing halal expertise position the country as a global reference point.

The awards align with national efforts to expand exports, attract foreign investment, and support sustainable economic growth. By celebrating excellence within the halal ecosystem, Malaysia continues to enhance its competitiveness in the global halal industry.

Original Article:

Bernama. (2025). World Halal Excellent Awards 2024 boosts Malaysia competitiveness in US$5 trillion halal market. Bernama. https://www.bernama.com/en/news.php?id=2500055