The halal industry has become a significant focus for several Asian countries, with governments investing heavily in infrastructure and certification processes to tap into the growing global market. According to a report by State of the Global Islamic Economy 2025/26, Muslim consumer spending across six major sectors reached approximately $2,600 billion in 2024. This figure is expected to rise to $3,560 billion by 2029. The halal food sector alone accounted for nearly $1,500 billion in spending in 2024.
Malaysia is positioning itself as a leader in the global halal market, leveraging its existing ecosystem that encompasses certification, industry, export, Islamic finance, logistics and research. The country's Department of Islamic Development, known as JAKIM, plays a crucial role in providing internationally recognized halal certification. In 2025, Malaysia's halal exports reached 68.52 billion ringgits, representing a 10.9% increase from the previous year. This strong foundation has enabled Malaysia to maintain its status as a global halal hub.
Malaysia's ambitions extend beyond food certification, with the introduction of the Halal Industry Master Plan 2030. This strategic plan aims to expand the country's halal industry into new areas, including pharmaceuticals, cosmetics, medical devices, logistics and hospitality. To support this growth, Malaysia has established 14 HALMAS industrial parks, designed to accommodate production chains that adhere to halal requirements. By diversifying its halal offerings, Malaysia seeks to transform halal certification from a purely religious label into a tool for economic empowerment.
Other Asian countries, including Thailand, Vietnam and Cambodia, are also actively pursuing halal industry development. These nations recognize the potential for economic growth and are investing in infrastructure and certification processes to compete in the global market. Thailand, Vietnam and Cambodia are working to establish their own halal ecosystems, with a focus on increasing exports and attracting investment. This regional competition is driving innovation and growth in the halal sector.
The growth of the halal industry is driven by increasing demand from Muslim consumers worldwide. As the global Muslim population continues to expand, so does the demand for halal products and services. Countries that can effectively cater to this demand are likely to reap significant economic benefits. By investing in halal industries, Asian countries are positioning themselves to capitalize on this trend and establish themselves as major players in the global halal market.
The development of halal industries in Asia is also expected to have broader economic benefits. The creation of new industries and jobs will contribute to economic growth and poverty reduction. Furthermore, the growth of halal industries will promote greater understanding and cooperation between Muslim and non-Muslim communities. As the halal industry continues to evolve, it is likely to have a positive impact on regional economies and international trade.
As the global halal market continues to grow, countries that have invested in halal industries are likely to reap significant rewards. Malaysia, Thailand, Vietnam and Cambodia are well-positioned to capitalize on this trend, with a strong focus on certification, infrastructure and innovation. The competition between these countries will drive growth and innovation in the halal sector, benefiting both local economies and the global Muslim community.
Key points
- Malaysia aims to expand its halal industry into new areas, including pharmaceuticals and cosmetics.
- The global halal market is expected to reach $3,560 billion by 2029.
- Malaysia's halal exports reached 68.52 billion ringgits in 2025, a 10.9% increase from the previous year.
