Thai halal dominates the world to compete in the 35 trillion market

Published 2020년 9월 28일

Tridge summary

Thailand's agricultural exports, particularly essential food products halal products, have seen steady growth despite the COVID-19 pandemic. In 2019, the global halal food market was valued at $1.15 trillion, with the United States, Netherlands, and China being the leading exporters. Thailand ranked 12th globally, 3rd in Asia, and 1st in ASEAN, with an export value of $29.33 million. The first half of 2020 saw exports valued at $14,494 million. The country's top five halal markets are China, 57 Muslim countries, the United States, India, and Russia. Thailand has the potential to become one of the top ten exporters of halal food with innovation, value addition, and privatization. Charoen Pokphand Foods (CPF) already exports halal products like fresh and processed chicken to various countries, ensuring quality through halal agency certification.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Amid the global epidemic of COVID Affect many product groups of Thailand with a decrease in exports. But in many other essential product groups, exports began to expand positively and steadily, especially in food products such as canned tuna. Fresh fruit, chilled, frozen and processed chicken are other notable halal products. (Products produced in accordance with Islamic principles and standards) continued to expand. There are more than 2.2 billion Muslim consumers worldwide. It's a huge market. Including non-Muslim consumers, it is growing in popularity, competing for 35 trillion global markets, according to Global Trade Atlas data.In 2019, the global halal food market totaled US $ 1.15 trillion ( Or more than 35.7 trillion baht, calculated at 31 baht per dollar Preliminary estimates based on the value of food exports of various countries, excluding prohibited items according to Islam) by the world's top 10 exporters are the United States, Netherlands, Brazil, Germany, China, ...

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