Halal Industry Growth and Certification Demand Surge
The global halal food and beverage market continues to expand, with forecasts predicting a compound annual growth rate (CAGR) of 6.3%. The demand for halal-certified products is rising due to increasing awareness and a growing Muslim population. Over 3,500 companies have obtained halal certification to meet consumer expectations.
Hong Kong Expands Halal Food Options for Tourists
Hong Kong’s tourism board has partnered with local businesses to increase halal-certified dining options for Muslim travelers. The initiative aims to make the city more welcoming to visitors from Southeast Asia and the Middle East, where demand for halal food is high.
Halal Certification Gains Momentum in Hong Kong’s Pharmaceutical Industry
Several pharmaceutical companies in Hong Kong are now seeking halal certification for their medicines to cater to the growing Muslim population. Experts predict that halal-certified medicine exports from Hong Kong could rise by 15% in the next two years.