MALAYSIA, in aiming to be the regional hub for halal products, is targeting to satisfy at least 5% of the fast growing halal food market currently worth US$346.7bil worldwide, said International Trade and Industry Minister Datuk Seri Rafidah Aziz.
“If we target just 5% of this market, it would be worth US$17.3bil to our exporters – and that’s just for food alone,” said Rafidah, who estimated the total market size to further grow to US$456.6bil by 2005. “The potential is quite big,” she said of the market of over two billion Muslims worldwide.
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