On target to dominate regional halal industry

The Industry Ministry has established the Thai Halal Industry Centre to compete for a share of the US$2.3 trillion (RM10.8 trillion) market, which is projected to grow rapidly with the increasing global Muslim population.Industry minister Pimpatra Wichaikul said the aim is to make the Thai halal industry, which encompasses a wide range of products and services, including food, cosmetics and tourism, the regional halal industry hub.

“This will be achieved through the establishment of the centre by forming the National Halal Indus-try Committee (NHIC) and enhancing the standards and capabilities of domestic halal entrepreneurs,” she said.

The food and beverage sector holds the largest market share, accounting for 63% of the total market value.

The global halal food market is valued at US$1.4 trillion (RM6.6 trillion) and is expected to double within five years.

The Prime Minister signed the order for the establishment of NHIC on April 17, 2024, and serves as the chairperson, with Nalinee Taveesin, the Thai Trade representative, responsible for halal industry development, and the Industry minister as vice-chair.

The NHIC is tasked with formulating policies and development strategies for halal products, integrating Thailand’s unique “soft power”, and coordinating policies, measures, and plans to effectively drive the development of the country’s halal industry.

This aims to position Thailand as a leader in the production and export of halal products in the region.

In the first year, the ministry will focus on advancing the Thai halal industry through three main missions: establishing the centre to support the ecosystem of Thailand’s halal industry, enhancing awareness of its potential both domestically and internationally, and promoting trade and market expansion globally. — The Nation/ANN

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