Jakarta, June 18 -- Indonesia holds a significant advantage in capturing global halal market opportunities due to its expanding industrial base and massive domestic Muslim consumer market, Deputy Minister of Industry Faisol Riza stated.

Speaking in Jakarta, Thursday, Riza highlighted that global Muslim spending across six key Islamic economic sectors reached US$2.6 trillion in 2024 and is projected to increase to US$3.56 trillion by 2029.

This growth opens up a major avenue for Indonesia to strengthen its position in the global halal value chain, he added.

He noted that Indonesia possesses substantial capital to develop its halal sector, with the country's Muslim population expected to reach 248.6 million by 2025, or approximately 87.1...