DagangHalal As Your Halal Business Consultant

The Halal industry is booming – not only within Muslim countries but all across the world. The global Halal food and beverages size was USD 1.96 trillion in 2020. It is projected to grow from USD 2.09 trillion in 2021 to USD 3.27 trillion by 2028, exhibiting a CAGR of 6.56% during the forecast period of 2021-2028 (Fortune Business Insights, 2020). The global Muslim market has a potential to grow to about 2.4 trillion USD by 2024 and the largest market for Muslim consumers is the Halal food and beverage sector. (D.Tighe, 2022).

Meanwhile the Halal product market is expected to grow from 1.4 trillion USD in 2017 to around 2.6 trillion USD by 2024 (Amna Puri-Mirza, 2022). Economic development of Islamic countries such as Malaysia, Indonesia, Pakistan and India are expected to boost the global halal products market reach over the coming years due to the growing number of Muslim consumers and increasing offer of halal-certified products. Multinationals are grabbing these opportunities to enter the market. Although the anticipated market size seems pretty reassuring, technical barriers such as cost management, operational system and licensing could be a threat to the sector’s growth.

Understanding these challenges, we are taking vigorous approach and come up with extensive framework, contributes in the implementation to achieve mutual understanding with our clients. We are looking forward to not only offers a specialised solutions, but to also provide services together with the industry experts and official partners to further expand the Halal industry. Moreover, it is rewarding to perceive that non-Muslim across the world are looking for Halal products – boosting the sector’s growth from a niche to mainstream market.