https://submit.confbay.com/conf/icihes2025
The global halal market has experienced rapid growth in recent years. This is evident as its trade value reached USD 3.1 trillion in 2018 and is projected to surge to USD 5.0 trillion by 2030. Meanwhile, the trade value in the Asia-Pacific region contributed USD 1.6 trillion in 2018, and it is expected to grow to USD 2.8 trillion by 2030. Specifically in Indonesia, the trade value of the halal industry reached USD 184 billion in 2020 and is projected to grow by 14.96%, reaching USD 281.6 billion by 2025. These facts clearly demonstrate the enormous potential of the halal industry as a platform for wealth generation and distribution among the countries of the Muslim world.