Page 29 - FoodFocusThailand No.230 May 2025

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Global Halal Food Market Analysis:

Opportunities and Growth Trends for Thailand

The halal food industry is entering a golden era of growth, driven by the continuous expansion of the global
Muslim population. This factor not only leads to increasing demand for food products that adhere to Islamic
principles (halal) but also boosts trade and investment within the industry. This presents a significant
opportunity for Thailand to position itself as a global hub for halal food production and export in the future.

Key Drivers of Global Halal Food Product growth rate of 7.4%, notably higher than the global food trade’s
Growth average growth rate of just 1.4% per year. The proportion of
In 2025, the global Muslim population is approximately 2 halal food within the global food trade has also risen significantly,
billion, representing about 25% of the world’s population. from 10.3% in 2014 to 18.0% in 2024. This trend underscores
The Muslim population is growing at a rate of 1.2% per year, the growing significance of halal food in the global economic
which is four times higher than the global population growth landscape regarding economy, trade, and investment.
rate of 0.3% annually. It is projected that by 2050, Muslims
will constitute 30% of the global population, or about 2.8 Thailand’s Halal Food Export Situation
billion people. This demographic trend will significantly Between 2022 and 2024, Thailand’s halal food exports began
increase the demand for halal food, acting as a major driving to recover from the COVID-19 pandemic. In 2024, the export
force that will transform the halal food market into a realm value of Thai halal food reached USD 6.783 billion, reflecting
of opportunity for businesses that recognize the growth a growth of 5.9%. Thailand’s global market shares also
potential of this product segment. increased to 2.67%, up from a low of just 1.88% during the
Over the past decade (2014–2024), the global halal food COVID-19 crisis in 2021. The country’s production capacity
industry has undergone consistent growth, with its trade and high product quality standards have contributed to the
value increasing from USD 143 billion in 2014 to USD 261 growing recognition and expansion of Thai halal food,
billion in 2024. This growth signifies an average annual particularly in Muslim-majority countries and regions such as

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