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Sunday, May 12, 2024

Bangkok Post – Tapping a vast market

Visitors examine products on display at a recent edition of Thailand Halal Assembly.

The restoration of diplomatic relations between Thailand and Saudi Arabia in 2022 following a 30-year break has created new opportunities for Thailand to tap into demand for its halal products in Middle Eastern markets.

The global Muslim population is roughly 2 billion and is expected to account for 25% of the total by 2030.

Thaweelap Rittapirom, president of the Islamic Bank of Thailand (IBank), said products sold in practicing Muslim countries must be certified as halal.

The global market for halal foods is expected to be worth more…

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