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Empower halal cosmetics sector
15 Mar 2022 | Tuesday Source: New Straits Times
Malaysia is under the spotlight from the perspective of the halal pharmaceutical market.
Pharmaceuticals account for about one-third of all halal-certified products worldwide. The global halal pharmaceutical market is currently worth US$300 billion.
Taking the pandemic into consideration, the global halal pharmaceutical market is expected to be worth US$445.9 million this year and US$913.7 million by 2028.
In this regard, despite the current volatility of crude oil prices and the Covid-19 crisis, the halal industry continues to demonstrate resilience due to its solid fundamentals.
