The global Halal market is experiencing substantial growth, driven by a rising Muslim population and increasing awareness of ethical and quality considerations. The halal economy is estimated to reach $7.7 trillion this year (2025) according to industry experts. While often associated with food, halal principles extend to various sectors, including finance, cosmetics, and tourism.
Philippine cosmetics companies have found success with $7.3 million worth of halal-certified makeup and skincare products reaching Malaysia, UAE, and Saudi Arabia. A recent roundtable at the Malaysian Embassy in Manila highlighted the $7.7 trillion global Halal industry’s expansion beyond food into cosmetics, tourism, banking, and pharmaceuticals.
The Department of Trade and Industry (DTI) in the Philippines is urging Malaysia’s Department of Islamic Development (JAKIM) to establish a world-class halal certification body in the Philippines. The aim is to boost the domestic halal industry and align it with international standards. Sugimoto-Honten Co., a Wagyu beef producer in Kumamoto, Japan, is rapidly expanding its exports to Muslim countries. The company’s Kurohana Wagyu beef exports have topped one billion yen in three years.
Several Halal-related events are scheduled, including the Russia Halal Expo in May, Halal Expo Canada in May, and the Malaysia International Halal Showcase (MIHAS) in September.
Halal Cosmetics: A Growing Trend in Ethical Beauty
Explore the rise of halal-certified cosmetics, highlighting popular brands, key ingredients, and the growing demand for ethical and cruelty-free beauty products. Discuss the market size, growth drivers, and consumer preferences in this segment. Provide tips for consumers on how to identify and choose halal-certified cosmetics.
The Rise of Halal Tourism: Catering to Muslim Travelers
Examine the increasing demand for Muslim-friendly travel options, including halal food, prayer facilities, and suitable accommodations. Highlight the projected growth of the halal tourism market and the increasing number of Muslim travelers.
Investing in Halal: Ethical Finance and Shariah-Compliant Banking
Delve into the world of Islamic finance, covering interest-free banking, investment funds, and takaful (insurance).
Halal Food Beyond Meat: Exploring Diverse Halal Products
The Halal food sector isn’t limited to just meat products. Entrepreneurs can explore a range of halal-certified offerings, from dairy to confectionery. Launching a Halal-certified restaurant or café or even a halal food truck business can attract a wide consumer base, including health-conscious individuals. Provide tips for entrepreneurs looking to start a halal food business, including sourcing halal ingredients and obtaining certification.