Malaysia leads global Halal food market

Malaysian Deputy Prime Minister Ahmad Zahid Hamidi has said that the global demand for halal products is steadily increasing, with projections estimating a market worth 5 trillion USD by 2030.
Malaysia leads global Halal food market ảnh 1Malaysian Deputy Prime Minister Ahmad Zahid Hamidi (Photo: bernama.com)

Kuala Lumpur (VNA) – Malaysian DeputyPrime Minister Ahmad Zahid Hamidi has said that the global demand for halalproducts is steadily increasing, with projections estimating a market worth 5trillion USD by 2030.

Speaking to press on the sidelines of the regular cabinet meeting, AZahid, who is also Chairman of theMalaysia Halal Council, said that the global Muslim marketrepresented 24% of the world's population in 2022, amounting to 1.9 billionpeople, and is forecast to reach 2.2 billion by 2030.

He said with available potential and strength inthis area, Malaysia has to look within the context of halal productexports, given that the global market for such exports was valued at 3 trillionUSD in 2023 – quite a substantial amount, and it is anticipated to reach 5trillion USD by 2030.

He urged Bumiputera entrepreneurs should beaware of the vastness of the global halal market, which sees demand stemmingfrom both Muslim and non-Muslim consumers who place importance on cleanliness.

The Deputy PM said that he has also asked the Islamic Development Department of Malaysia (Jakim) to accelerate theissuance of halal certificates to Bumiputera entrepreneurs, under thecondition that they fulfil the guidelines outlined by the agency.

He also said the Rural and RegionalDevelopment Ministry has divided halal certification applications into fourcategories, namely High Critical, Critical, Semi-Critical, and Green Lane.“Certification schemes placed under the High Critical category, with an applicationreview period of 14, 10, five and three working days respectively, cover foodand beverage products, cosmetics, consumer goods, medical devices,pharmaceuticals, and food premises (hotel/ convention kitchen/ hospital).

Malaysia has been a global market leader in theHalal food industry and has secured the top position in the Global IslamicEconomy Index for nine consecutive years.

In 2022, the total halal export value was 59.46billion MYR (12.56 billion USD), contributing 7.4% to the country'sgross domestic product./.

VNA

See more

The number of foreign arrivals to Thailand in February is expected to reach 3.5 million, . (Photo: bangkokpost.com)

​Thailand's tourism sees bright outlook

Thailand is expected to welcome 3.5 million foreign tourist arrivals in February, a 5% increase year-on-year, with all major markets surging between 2% and 20%.

Singapore's Law and Home Affairs Minister K. Shanmugam says that while the authorities here have been proactive, Singaporeans should be prepared. (Photo: The Strait Times)

Singapore warns of rising radicalisation cases

The Internal Security Department (ISD) announced on February 10 that two self-radicalised Singaporeans had been issued an Order of Detention and a Restriction Order under the Internal Security Act (ISA), respectively.

mbassador Anouparb Vongnorkeo, Permanent Representative of Laos to the United Nations (UN) (Photo: https://kpl.gov.la/)

Laos works closely with UNICEF to protect children’s rights

Ambassador Anouparb Vongnorkeo, Permanent Representative of Laos to the United Nations (UN) emphasised the partnership between UNICEF and the Lao government in ensuring and promoting children's rights and well-being, while mentioning challenges ahead, particularly amid climate change and global economic uncertainties.

Deputy for tourism and infrastructure development at the Ministry of Tourism Hariyanto. (Photo: ANTARA)

Indonesia boosts culinary tourism

To promote Indonesian culinary tourism, the Indonesian Ministry of Tourism is currently focusing on culinary products to ensure that tourism products can move up a class. It is also paying attention to wellness tourism, gastronomy, marine, and fashion.

A truck arrives as another departs from Laem Chabang deep-sea port in Chon Buri province. Thai exports to the US could face higher trade barriers. (Photo: Bangkok Post)

Thai exporters risk higher US tariffs: expert

Thai exports to the US that are at risk of US trade barriers include Bluetooth modules, broadband products, solar modules, power adapters, machinery and parts, auto parts, mobile camera modules, and air conditioners.