Indonesia is making a bold play to dominate the global halal market, with its sights set on becoming the world’s leading producer of halal products. The Indonesian Ministry of Industry is spearheading this ambitious initiative, buoyed by impressive export figures reaching US$64.11 billion in 2024. This surge signals a significant shift in the global halal landscape, potentially reshaping international trade and investment flows.
Halal Industry Growth
Deputy Minister of Industry Faisol Riza emphasized the critical need to fortify the halal industry ecosystem during the launch of the Halal Indo 2025 expo in Jakarta. The country’s commitment is further evidenced by its improved ranking in the global Islamic economy, now standing at third place according to the State of the Global Islamic Economy Report 2023/2024. While Indonesia trails Malaysia and Saudi Arabia, its rapid progress underscores its growing influence.
Halal Indo 2025 Expo
To further promote the domestic halal industry, the Ministry of Industry will host the Halal Indonesia International Industry Expo (Halal Indo) 2025 from September 25-28 in Tangerang, Banten. This event aims to showcase Indonesia’s halal capabilities and attract international partnerships.
Global Competition
However, Indonesia isn’t the only player vying for a piece of the halal pie. Afghanistan’s business sector has expressed strong interest in participating in Russia’s upcoming Kazan Halal Expo and Forum, indicating a broader trend of countries recognizing the economic potential of the halal market.
Halal Certification Standards
It’s worth noting that approaches to halal certification vary globally. A recent US report highlighted that Malaysia’s halal certification requirements for imported meat and animal-based products are stricter than global practices. This divergence in standards presents both challenges and opportunities for businesses navigating the international halal market.
Indonesia’s Position
Indonesia’s aggressive push into the global halal market, backed by substantial export growth and strategic initiatives, signals a significant shift in the industry. While competition is intensifying, Indonesia’s focus on strengthening its halal ecosystem and promoting its capabilities through events like Halal Indo 2025 positions it as a major contender in the years to come. The interplay between differing halal standards and the increasing global interest will likely shape the future of this dynamic market.