Coordinating Minister Airlangga: Indonesia Big Market For World Halal Products
Coordinating Minister for the Economy Airlangga Hartarto said Indonesia has a great opportunity to become a leading halal producer at the world level.
In addition, according to him, Indonesia is also able to become the largest market for halal products in the world, by taking advantage of the benefits of demographic bonuses and as a country with the largest Muslim population in the world.
"Indonesia as the largest Muslim home with a population of 229.6 million in 2020, has Muslim spending (for halal products and services) reaching 184 billion US dollars in 2020, and is estimated in 2025 to be 281.6 billion US dollars. So this is a big market," said Coordinating Minister Airlangga Hartarto in his statement, quoted from Antara, Sunday, December 11.
Seeing this huge potential, Coordinating Minister Airlangga said it was necessary to reposition so that Indonesia would not only become a target market, but was able to encourage increased halal production. In addition, so that the Indonesian halal industry has more competitiveness than other countries in the global market to pursue export potential.
Thus, his party will continue to accelerate the development of the national halal industry in a sustainable manner to meet domestic and foreign demand.
On that occasion Coordinating Minister Airlangga Hartarto appreciated the holding of the 2022 Indonesia Halal Industry Award (IHYA) which provided socialization and education about the halal industry in Indonesia.
"This IHYA 2022 activity is expected to be a form of socialization and education as well as a trigger and trigger for the domestic industry," said Coordinating Minister Airlangga.
For information, The State of the Global Islamic Economy Report 2022 (SGIE) reports that Indonesia's Islamic economy has managed to rank fourth in the world.
In addition, he continued, Indonesia is one of the largest consumers of halal products which includes 11.34 percent of global halal spending, which in the halal food sector is the second largest consumer in the world, and in the halal cosmetic sector it is the fourth largest consumer in the world.