Penang has taken a significant step forward in solidifying its position in the global halal market by establishing Malaysia’s first state-level Halal Industry Development Council. Approved in January 2025, the council aims to coordinate and drive the growth of the halal industry within the state. Currently, Penang boasts 870 active companies certified under the Malaysian Halal Certification Scheme (SPHM). The council’s scope covers diverse sectors including food and beverages, pharmaceuticals, cosmetics, logistics, slaughterhouses, and medical devices. This initiative is poised to streamline halal industry operations and potentially boost Penang’s economy while setting a precedent for other states in Malaysia. (Source: Salaam Gateway)
Halal Food Market to Surge to $4.12 Trillion by 2031
The global halal food market is predicted to experience substantial growth, reaching an estimated $4.12 trillion by 2031, according to a new report from The Insight Partners. The market, valued at $2.48 trillion in 2024, is projected to grow at a CAGR of 7.6%. A key driver of this expansion is increasing consumer awareness regarding the health benefits associated with halal foods. Halal certification ensures that food is not only clean and safe but also prepared in accordance with Islamic guidelines. These guidelines include humane animal slaughter practices and the exclusion of pork, alcohol, and other harmful ingredients. The rising demand reflects a broader trend of consumers seeking ethically and health-consciously produced foods. (Source: GlobeNewswire)
Saudi-Indonesia Partnership Aims to Elevate Global Halal Standards
Saudi Arabia and Indonesia, two key players in the Muslim world, are collaborating to enhance the standards and assurance of halal products globally. This partnership aims to leverage the strengths of both nations in advancing halal practices. As part of these efforts, Unilever has inaugurated a halal research center in Indonesia, which is designed to serve as a global reference point for Muslim markets. Furthermore, The Laughing Cow Cheese has received official Halal certification from BPJPH for Indonesian consumers. In related news, CJ Foods has launched Halal-certified Korean Mandu and Hoppang in Malaysia, showcasing the expanding range of halal-certified products available in the region. (Source: GlobeNewswire)
These developments highlight the dynamic nature of the halal industry, with strategic initiatives and collaborations shaping its future trajectory.