Vol. 8 No. 1 (2025): Advancing the Halal Industry: Innovation, Sustainability, and Global Impact (Article in Press)

The global halal industry is experiencing remarkable growth, with the halal food market valued at an estimated USD 2.71 trillion in 2024 and projected to reach USD 5.91 trillion by 2033, reflecting a compound annual growth rate (CAGR) of 8.92% from 2025 to 2033. The broader halal market, encompassing food, cosmetics, pharmaceuticals, and tourism, is anticipated to reach USD 7.7 trillion by 2025. This expansion is propelled by a global Muslim population exceeding 1.9 billion and growing interest from non-Muslim consumers who perceive halal products as hygienic, ethically produced, and of superior quality. The Asia-Pacific region commands a dominant 48.5% market share in 2024, underpinned by its substantial Muslim demographic, stringent certification regulations, and robust exports to international markets. This issue features articles that explore the dynamic evolution of the global halal industry, emphasizing sustainable innovations and their profound impacts on economic development, cultural integration, and lifestyle transformations. The theme is particularly pertinent given the rising demand for halal products and services across diverse sectors, including food, cosmetics, pharmaceuticals, tourism, and Islamic finance, fostering a more inclusive and interconnected global economy.

Topic: Advancing the Halal Industry: Innovation, Sustainability, and Global Impact
Geographical Diversity: Indonesia and Philippines

Published: 2025-06-30