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IDEconomy3 days ago

Indonesia eyes major role in US$3.56 trillion global halal market

Indonesia aims to play a major role in the growing global halal market, according to Deputy Minister of Industry Faisol Riza. He cited data showing that global Muslim spending in six key Islamic economic sectors reached $2.6 trillion in 2024 and is expected to grow to $3.56 trillion by 2029. Indonesia's Muslim population is projected to reach 248.6 million by 2025, representing around 87% of the population. The deputy minister emphasized the potential for increased domestic production, stronger supply chains, and innovation in halal products.

Jakarta (ANTARA) - Indonesia holds a significant advantage in capturing global halal market opportunities due to its expanding industrial base and massive domestic Muslim consumer market, Deputy Minister of Industry Faisol Riza stated.

Speaking in Jakarta, Thursday, Riza highlighted that global Muslim spending across six key Islamic economic sectors reached US$2.6 trillion in 2024 and is projected to increase to US$3.56 trillion by 2029.

This growth opens up a major avenue for Indonesia to strengthen its position in the global halal value chain, he added.

He noted that Indonesia possesses substantial capital to develop its halal sector, with the country's Muslim population expected to reach 248.6 million by 2025, or approximately 87.13 percent of the total population.

Meanwhile, total national household consumption has reached Rp12,834 trillion (approximately US$721.01 billion), with potential spending by Muslim consumers estimated at Rp11,182 trillion (US$628.20 billion).

"The large demand for halal products presents a strategic opportunity to increase domestic production capacity, strengthen the supply chain, increase the use of local components, and encourage innovation in competitive halal products," Riza said.

He further explained that developing the halal industry is a crucial step toward optimizing import substitution while expanding Indonesia's footprint in the global halal supply chain.

To prepare for the mandatory halal certification rule taking effect this coming October, the Industry Ministry has continued its efforts to ready small-scale industries through mentoring, facilitation, and outreach programs.

In general, according to Riza, large-scale industries are not expected to face significant obstacles in fulfilling their halal certification obligations.

However, challenges persist for some small industries that require further government assistance in navigating the certification process.

"For small industries, we have encouraged, assisted, facilitated, and provided outreach," Riza said.

Moving forward, the Industry Ministry plans to speed up small businesses that are ready for compliance, while actively coordinating with the Halal Product Guarantee Agency (BPJPH) to smooth out logistical and bureaucratic bottlenecks for struggling entrepreneurs.

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Translator: Ahmad Muzdaffar Fauzan, Yashinta Difa Editor: Azis Kurmala Copyright © ANTARA 2026

Read the full article at Antara News
Source document: Deputy Minister of Industry Faisol Riza

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Antara NewsState / PublicCenter3 days ago
Indonesia eyes major role in US$3.56 trillion global halal market

Indonesia aims to play a major role in the growing global halal market, according to Deputy Minister of Industry Faisol Riza. He cited data showing that global Muslim spending in six key Islamic economic sectors reached $2.6 trillion in 2024 and is expected to grow to $3.56 trillion by 2029. Indonesia's Muslim population is projected to reach 248.6 million by 2025, representing around 87% of the population. The deputy minister emphasized the potential for increased domestic production, stronger supply chains, and innovation in halal products.

Bias read (Center): The article presents factual information regarding Indonesia's economic strategy related to the global halal market. It quotes an official source (Deputy Minister of Industry Faisol Riza) and provides statistical projections without apparent bias or subjective commentary. There is no indication of a

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