{"id":416974,"date":"2026-09-10T15:20:09","date_gmt":"2026-09-10T18:20:09","guid":{"rendered":"https:\/\/anba.com.br\/?p=416974"},"modified":"2026-09-10T15:20:50","modified_gmt":"2026-09-10T18:20:50","slug":"halal-market-continues-to-show-its-strength","status":"publish","type":"post","link":"https:\/\/anba.com.br\/en\/halal-market-continues-to-show-its-strength\/","title":{"rendered":"Halal market continues to show its strength"},"content":{"rendered":"\n

By Mohamed Zoghbi*
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The recently released 2025\/2026 \u201cState of the Global Islamic Economy Report\u201d brings new Halal market figures. The data warrants our attention, as it is helpful in determining not only the size, but also the diversification of the global Islamic economy.

Combined sales in the six leading consumer goods categories hit USD 2.60 trillion in 2024 and are expected to reach USD 3.56 trillion in 2029, or 12.6% of the global consumer market for Halal goods.
Food products continue to play a central role here. The segment was worth USD 1.53 trillion in 2024 and is expected to gross USD 2.06 trillion in 2029. The size of this market translates the daily needs of a global Muslim population that seeks goods compatible with their religious principles, and one that is increasingly aware of quality, provenance, and manufacturing processes.

However, Muslim-oriented tourism grows the fastest. Estimated spend here was USD 249 billion in 2024 and could reach USD 424 billion in 2029. In addition to post-pandemic resumption and consolidation of travel, the sector grows in line with an increasingly structured supply of destinations, hotels, and services catering to the needs and values of this population.<\/p>\n\n\n\n

Other segments<\/h2>\n\n\n\n

The Halal market currently touches virtually every aspect of consumers\u2019 lives. Modest wear is expected to go from USD 347 billion to USD 444 billion by 2029, with media and entertainment going from USD 276 billion to USD 364 billion, reflecting growth in content, narratives, and digital experiences targeting Muslim audiences.

The same trend holds true in personal care and healthcare. Halal pharmaceuticals are poised to go from USD 112 billion to USD 146 billion, whereas Halal cosmetics should go from USD 92 billion to USD 124 billion during the same time period. This is a function not only of increased spend on those categories, but of consumers seeking higher value-added products and criteria which associate Halal principles to attributes such as ethics, transparency, and clean-label formulations.

There is yet another key dimension when it comes to grasping the strength of this ecosystem. When it comes to non-consumer goods sectors, Islamic finance reached USD 5.99 trillion in 2024 and could amount to USD 9.72 trillion in 2029. The scale of these assets makes it clear that this economy does not boil down to standalone goods and services categories. This is an increasingly broader, diversified, and integrated system which can create opportunities in different markets and parts of the world.<\/p>\n\n\n\n

The analysis and the future<\/h2>\n\n\n\n

According to the report\u2019s publishers, one must realize the driving force behind the Halal market: \u201cIslamic economy does not grow by mimicking other models. It grows underpinned by something genuine: a worldview that has always factored in responsible resource management, dignified trade, and shared prosperity as fundamental pillars rather than mere aspirations,\u201d they said. As trust in conventional institution wanes, they add, this authenticity becomes a competitive advantage.

Therefore, the growth of Halal economy should not be viewed solely on the basis of growing consumption or entry into new markets. We are talking about the consolidation of an ecosystem based on principles that span the entire economic chain \u2014 from the origin of products to commercial relations, from investment to consumption.<\/p>\n\n\n\n

For countries such as Brazil, understanding this movement is crucial. Our status as the premier supplier of Halal foods gives us an extraordinary foundation, yet the potential is far greater. There is room for advances to be made in processed foods, tourism, and cosmetics, to name a few. Fully participating in this new stage implies viewing Halal no longer simply as a requirement to access certain markets, but as part of a global economy that is becoming more structured, sophisticated, and strategic.

Let this be a reminder: the numbers shown in this report point towards 2029, but the decisions that will determine who will take up space in this market must be made right noow.

*Mohamed Zoghbi earned a degree in Law from the University of Mogi das Cruzes in 1983. He is currently the chairman of Grupo FAMBRAS and FAMBRAS Halal Certificadora and the vice president of the Federation of Muslim Associations in Brazil \u2013 FAMBRAS.
<\/strong>
Translated by Gabriel Pomerancblum<\/strong><\/p>\n

Press Release<\/div>","protected":false},"excerpt":{"rendered":"

In an article, the chairman of certifier FAMBRAS Halal, Mohamed Zoghbi, presents recent figures from a report on the global Islamic economy, a niche that diversifies into services and products for which there is a demand and grows as a principles-based ecosystem.<\/p>\n","protected":false},"author":2337,"featured_media":416978,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"footnotes":""},"categories":[33074],"tags":[32307,15785,9550,12126],"class_list":{"0":"post-416974","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-sponsored-article","8":"tag-fambras-en-2","9":"tag-fambras-halal-en-2","10":"tag-halal-en","11":"tag-halal-market"},"wps_subtitle":"In an article, the chairman of certifier FAMBRAS Halal, Mohamed Zoghbi, presents recent figures from a report on the global Islamic economy, a niche that diversifies into services and products for which there is a demand and grows as a principles-based ecosystem.","_links":{"self":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/posts\/416974","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/users\/2337"}],"replies":[{"embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/comments?post=416974"}],"version-history":[{"count":2,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/posts\/416974\/revisions"}],"predecessor-version":[{"id":416983,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/posts\/416974\/revisions\/416983"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/media\/416978"}],"wp:attachment":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/media?parent=416974"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/categories?post=416974"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/tags?post=416974"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}