KUALA LUMPUR: The country’s halal product exports reached RM61.79bil in 2024, marking a 15% increase from RM53.72bil recorded in the same period of 2023, says Investment, Trade and Industry Minister Tengku Datuk Seri Zafrul Aziz.
He noted that Malaysia has maintained its top position in the global Islamic economy indicator rankings for 10 consecutive years, ahead of Saudi Arabia, Indonesia, and the United Arab Emirates.
“Malaysia’s strength lies in Islamic finance, halal food, as well as media and recreation. The halal industry constitutes a significant portion of Malaysia’s gross domestic product, with projections estimating a 10.8% contribution or RM231bil by 2030. This growth is primarily driven by a robust halal ecosystem across sectors such as food, finance, and travel,” he said.
He made the remarks in his officiating speech at the soft launch of the 21st Malaysia International Halal Showcase (Mihas) 2025, here yesterday. His speech was delivered by deputy secretary-general (Industry) Datuk Hanafi Sakri.
The global demand for halal products is currently valued at over US$3 trillion and is expected to grow to US$5 trillion by 2030, underscoring the global appeal of halal’s ethical and sustainable attributes.
“Malaysia’s leadership in this sector is a testament to our continued innovation and dedication. Among the major international halal market players are Nestle, Allana Group, Cargill Incorporated and Fraser & Neave.
“I am proud to note that several Malaysian companies such as DagangHalal Group, Prima Quality Food Industries, Kawan Food Bhd
, Crescent Foods, QL Foods Sdn Bhd, and Ayamas Food Corp, are also recognised among the top players globally,” he said. — Bernama
