Malaysia’s halal industry continues to demonstrate remarkable growth, with exports surging to RM61.79 billion in 2024—a 15% jump from the previous year. Investment, Trade and Industry Minister Tengku Datuk Seri Zafrul Aziz emphasized the country’s decade-long dominance in the Global Islamic Economy Indicator rankings, outpacing competitors like Saudi Arabia and Indonesia. The sector’s expansion is fueled by Malaysia’s strong ecosystem spanning food, finance, and tourism, projected to contribute 10.8% to GDP by 2030.
The global halal market, currently valued at over US$3 trillion, is expected to reach US$5 trillion by 2030, reflecting rising demand for ethical and sustainable products. Malaysia’s leadership is reinforced by both multinational corporations and homegrown brands, including Nestlé, DagangHalal Group, and Kawan Food Bhd. These companies exemplify the country’s ability to compete on the world stage while maintaining high halal standards.
The upcoming Malaysia International Halal Showcase (Mihas) 2025, themed “Pinnacle of Halal Excellence,” is set to be the largest yet, featuring cutting-edge innovations and international participation. Scheduled for September 2025 at Mitec, the event will include dedicated pavilions for ASEAN and Gulf Cooperation Council (GCC) exhibitors, strengthening regional partnerships. Mihas has already expanded globally, with editions in Dubai and an upcoming showcase in Shanghai.
Since its launch in 2004, Mihas has grown exponentially, generating nearly RM30 billion in export sales and attracting over 500,000 trade visitors. The 20th edition alone achieved RM4.3 billion in sales, showcasing the event’s economic impact. With initiatives like the International Sourcing Programme (INSP), Mihas has successfully connected thousands of international buyers with Malaysian suppliers. As Malaysia prepares for its ASEAN chairmanship in 2025, the halal industry remains a cornerstone of its economic strategy.