The global Halal market is poised for significant expansion, with projections estimating it will reach $9.45 trillion by 2034. This growth transcends the food sector, permeating into cosmetics, e-commerce, nutraceuticals, and ethical consumerism. Several reports highlight the increasing demand for Halal products, driven by the growing Muslim population and a rising interest from non-Muslim consumers seeking ethical and healthy options.
Halal Food Market Growth
The Halal food market alone is expected to grow from USD 3.30 trillion in 2025, exhibiting a compound annual growth rate (CAGR) of 12.42%.
Halal Cosmetics Sector Expansion
Halal cosmetics is another booming sector, forecasted to jump from $41.38 billion in 2024 to $82.37 billion in 2029.
E-commerce and Sustainable Halal Products
A key trend shaping the Halal industry is the unprecedented growth of e-commerce, with more consumers purchasing Halal-certified products online. Sustainable and ethically produced Halal products are also becoming the new standard.
JAKIM Initiatives and MIHAS 2025
Malaysia’s Department of Islamic Development (JAKIM) is taking steps to strengthen the Halal industry by establishing a world-class Halal certification body in the Philippines. Major events like the Malaysia International Halal Showcase (MIHAS) 2025 are providing platforms to connect businesses with the global Halal market.
Halal Nutraceuticals Market
The Halal nutraceuticals market is also predicted to grow, with a CAGR of 8.05% expected between 2025 and 2032.