Indonesia Has Big Market Potential To Become A Center For World Halal Product Production

Illustration (Photo: Doc. Antara)

JAKARTA - Based on data from the Pew Research Center's Forum on Religion and Public Life, the number of Muslim populations in the world is estimated to reach 2.2 billion people or 26.5 percent of the world's total population by 2030.

The increase in the Muslim population in the world will certainly be accompanied by increasing demand for halal products and services.

Furthermore, according to The Global Islamic Economy Indicator 2022, within the scope of the global sharia economy as a whole, Indonesia occupies the 4th position under Malaysia, Saudi Arabia, United Arab Emirates.

Coordinating Minister for Economic Affairs Airlangga Hartarto said the government is quite optimistic that Indonesia's Islamic economy and finance will experience rapid development in recent years in line with the increasing Muslim population and awareness to use halal products.

Airlangga said Indonesia with the largest Muslim population in the world, namely 236 million people or 12 percent of the world's Muslim population, has a large need for halal products, which can at the same time be a driver for the growth of the halal industry.

"With all the potential we have, Indonesia should not only be a consumer, but also a center for the production of halal products in the world," said Airlangga in his official statement, Wednesday, October 18.

Airlangga explained that the increasing demand for halal food is an opportunity for the national food and beverage industry.

Meanwhile, the development of the Muslim fashion fashion trend must be utilized by the textile industry and national textile products through various product innovations and optimizing functional textiles.

Likewise in the pharmaceutical industry and the cosmetic industry, optimizing the unique use of Indonesia's biodiversity can be added value.

According to Airlangga, the halal industry development policy needs to cover three main components, namely first, improving the quality of MSMEs by of course financing Islamic finance.

Second, the establishment of a National Halal Fund to support the halal industry and sharia products.

Furthermore, there must be areas that are built specifically for halal-based industries and also to facilitate investment.

The halal industry should be the foundation of the economy. Not only Indonesia as a consumer, but as a producer for the domestic and global market," explained Airlangga.