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From a $1.90 trillion market in 2015, the global halal economy will expand to an approximate $4.60 trillion economy by 2030 under a baseline scenario, potentially reaching $4.96 trillion under an optimistic scenario. Aside from Organization of Islamic Cooperation (OIC) member countries, growth opportunities will increasingly emerge across non-OIC m...

03 Jul 2025  |  Global  |  Market Research

The Rise of the Global Halal Economy, 2030 Trends and Growth Opportunities

Halal Economy to Grow to $9.5–$10.5 Trillion by 2030

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The halal economy is on the cusp of transforming from a niche to an emerging sector. Encompassing halal foods, modest fashion, halal tourism, and more, the halal economy is being driven by a combination of factors, including government policy support, halal-consciousness amongst consumers, and halal integration by mainstream brands. As a result, th...

Medical tourism is a booming industry that allows foreign patients to cross international borders to avail necessary medical treatment. Rising healthcare costs, inadequate healthcare facilities, increase in accessibility of better healthcare services and increasing awareness of one’s personal health are factors which are driving the growth of this ...

The Association of Southeast Asian Nations (ASEAN) will be the fastest-growing economic bloc, growing at an average real GDP growth rate of 4.4% between 2024 and 2032. This growth will significantly outpace its own 3.3% growth recorded between 2018 and 2023. A young and growing workforce, coupled with rising labor force participation, will anchor p...

The Logistics market is undergoing a major shift, with innovative solutions transforming the way goods and parcels are delivered. The industry is witnessing an influx of tech-savvy start-up firms that are introducing new, unique, value-added services, which are disrupting the overall supply chain ecosystem. The rise of start-up firms within the l...

Innovations in logistics are aplenty with APAC fueling a lot of this activity from its home ground. From self-running trucks to automated contracts, the supply chain is ripe for innovation and homegrown APAC start-ups are plowing the way. The market is seeing the rise of these new breed of participants along key future themes, including artificial ...

Barring Puerto Rico, the economies of Costa Rica, the Dominican Republic, Guatemala, Panama, Jamaica, and Trinidad & Tobago are on a stable growth path in the second half of 2019. The regional Gross Domestic Product (GDP) at constant prices is estimated to register 3.2% growth in Q4 2019 and is forecast to grow by 2.8% annually. There are signs of ...

Madhya Pradesh has been a consistently performing state in India in terms of economic growth and is expected to continue to contribute significantly towards the national growth. This study focuses on the potential areas for investments across various sectors in Madhya Pradesh and the state’s ability to support industry growth because of its infrast...

The coronavirus outbreak is wreaking havoc on the global economy. The Chinese economy is being adversely hampered, with other economies across the globe facing severe negative effects as well. Frost & Sullivan has analysed the outlook for three scenarios, the Gradual Abatement scenario, the Severe Epidemic scenario, and the Severe Pandemic scenario...