Halal Facts

Malaysia's Halal industry has experienced significant growth in exports over the past two decades. Below is a chart illustrating the export values from 2020 to 2024:

In 2020, Malaysia's Halal exports were valued at RM30.5 billion. This figure increased to RM36.3 billion in 2021 and further to RM42.0 billion in 2022. For the period from January to September 2023, exports stood at RM39.36 billion, rising to RM45.04 billion during the same period in 2024. (mida.gov.my)

The consistent upward trend in Halal exports underscores Malaysia's strengthening position in the global Halal market. The country's commitment to innovation and sustainability, as highlighted during events like the Malaysia International Halal Showcase (MIHAS) 2024, has been pivotal in this growth.

From January to September 2024, Malaysia's Halal product exports reached RM45.04 billion, up from RM39.36 billion in the same period in 2023. (mida.gov.my)

In 2021, exports were valued at RM36.3 billion, a 19% increase from RM30.5 billion in 2020. (mof.gov.my)

While specific annual Halal export figures for other ASEAN countries are not readily accessible, it's noteworthy that non-OIC countries like Thailand and Vietnam have been prominent in global Halal trade. In 2020, Thailand's Halal-related exports were approximately US$31 billion, and Vietnam's were about US$24.4 billion.

In 2024, the global Halal market continued its robust expansion, reflecting the increasing demand for products that comply with Islamic dietary laws. Here are some key insights:

Market Valuation and Growth

• Overall Market Size: The global Halal market was valued at over USD 2 trillion in 2024, with projections indicating growth to USD 2.8 trillion in the coming years.
• Halal Food Sector: The Halal food market alone was valued at USD 2.71 trillion in 2024 and is expected to reach USD 5.91 trillion by 2033, growing at a compound annual growth rate (CAGR) of 8.92% from 2025 to 2033.

Regional Insights

• Asia Pacific: Dominated the Halal food market with a share of over 48.5% in 2024, driven by a large Muslim population and increasing consumer awareness.
• Middle East and Africa: Held around 2% of the global Halal food market revenue, with a market size of approximately USD 50.97 billion in 2024, and projected to grow at a CAGR of 9.6% from 2024 to 2031.

Industry Trends

• Diversification: Beyond food, the Halal industry encompasses pharmaceuticals, cosmetics, and financial services, reflecting a broader consumer interest in Halal-certified products.
• Technological Integration: The rise of "Halal tech" has led to the development of Muslim-friendly websites and apps, addressing the needs of the global Muslim community and overcoming challenges in mainstream financial systems.

These developments underscore the dynamic growth and diversification of the global Halal market, highlighting its significance in the global economy and the increasing demand for Halal-certified products across various sectors.