Global Halal Economy Growth Opportunities

Global Halal Economy Growth Opportunities

Growing Demand for Halal Products and Services Drives Domestic Production and Export Growth Strategies

RELEASE DATE
29-Jul-2022
REGION
Global
Research Code: 9AE5-00-3D-00-00
SKU: CI00816-GL-MR_26717
$2,450.00
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SKU
CI00816-GL-MR_26717
$2,450.00

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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 member countries, driven by growing halal product preference by non-Muslims, consumer awareness, and both policy momentum and private sector initiatives.

In this study, deep-dive trend analysis and growth opportunity insights focus on the sub-segments of halal foods, halal pharmaceuticals, halal tourism, and Islamic finance. Aside from foresight into key drivers and trends shaping the future of these sub-segments until 2030, the analysis also highlights country-specific policies and initiatives. Frost & Sullivan identified sector-specific growth opportunities, with digital transformation opportunities emerging as a recurring theme, whether blockchain-based solutions for halal foods traceability or Islamic fintech solutions.     
The halal economy is poised to become increasingly integrated with global trade and supply-chains, considering higher levels of halal trade and Islamic finance potentially accelerating infrastructure development. This creates the need to progressively ensure trade and supply-chain transparency while driving awareness of Islamic financing solutions.

This study is designed to provide foresight into the evolving nature and trajectory of the global halal economy, providing organizations with insights into emerging trends, business opportunities, and cross-country comparisons. The study period is 2020–2030.--BEGIN PROMO--

Key Issues Addressed




         
  • What are the demand- and supply-side drivers and restraints shaping the halal economy until 2030

  •      
  • What are the major short- to long-term factors influencing the growth outlook of halal foods, halal pharmaceuticals, halal tourism, and Islamic finance

  •      
  • What key policies and initiatives are governments and businesses implementing to boost the halal economy

  •      
  • What are the emerging growth opportunities across halal economy sub-segments

  •      
  • How is the halal economy expected to evolve across OIC and non-OIC countries

  •      
  • What is the outlook for halal trade growth

  •      
  • How does Malaysia’s halal economy competitiveness compare with that of the UAE



Key Conclusion



The study concludes with halal competitiveness scorecards for Malaysia and the UAE, both Muslim-majority nations with strong government focus on the halal sector. Competitiveness is assessed based on the pillars of halal economy demand potential, regulatory framework and policy support, and supply chain, trade, and logistics. Specific indicators analyzed to generate the scorecards range from domestic halal product and services demand to halal standards and certification to halal logistics infrastructure.



Author: Neha Anna Thomas


Related Research
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 member countries, driven by growing halal product preference by non-Muslims, consumer awareness, and both policy momentum and private sector initiatives. In this study, deep-dive trend analysis and growth opportunity insights focus on the sub-segments of halal foods, halal pharmaceuticals, halal tourism, and Islamic finance. Aside from foresight into key drivers and trends shaping the future of these sub-segments until 2030, the analysis also highlights country-specific policies and initiatives. Frost & Sullivan identified sector-specific growth opportunities, with digital transformation opportunities emerging as a recurring theme, whether blockchain-based solutions for halal foods traceability or Islamic fintech solutions. The halal economy is poised to become increasingly integrated with global trade and supply-chains, considering higher levels of halal trade and Islamic finance potentially accelerating infrastructure development. This creates the need to progressively ensure trade and supply-chain transparency while driving awareness of Islamic financing solutions. This study is designed to provide foresight into the evolving nature and trajectory of the global halal economy, providing organizations with insights into emerging trends, business opportunities, and cross-country comparisons. The study period is 2020–2030.--BEGIN PROMO--

Key Issues Addressed

  • What are the demand- and supply-side drivers and restraints shaping the halal economy until 2030
  • What are the major short- to long-term factors influencing the growth outlook of halal foods, halal pharmaceuticals, halal tourism, and Islamic finance
  • What key policies and initiatives are governments and businesses implementing to boost the halal economy
  • What are the emerging growth opportunities across halal economy sub-segments
  • How is the halal economy expected to evolve across OIC and non-OIC countries
  • What is the outlook for halal trade growth
  • How does Malaysia’s halal economy competitiveness compare with that of the UAE

Key Conclusion

The study concludes with halal competitiveness scorecards for Malaysia and the UAE, both Muslim-majority nations with strong government focus on the halal sector. Competitiveness is assessed based on the pillars of halal economy demand potential, regulatory framework and policy support, and supply chain, trade, and logistics. Specific indicators analyzed to generate the scorecards range from domestic halal product and services demand to halal standards and certification to halal logistics infrastructure.

Author: Neha Anna Thomas

More Information
Author Neha Anna Thomas
Industries Cross Industries
No Index No
Is Prebook No
Podcast No
WIP Number 9AE5-00-3D-00-00