Saudi Arabia’s HPDC publishes new halal market report

Halal Products Development Company (HPDC), a subsidiary of Saudi Arabia’s Public Investment Fund (PIF), has released a new report highlighting investment opportunities across the Kingdom’s halal industry for 2024–2025.

Titled "Halal Market Opportunities in the Kingdom of Saudi Arabia 2024/2025," the report aims to support the growth of Saudi Arabia’s halal ecosystem and strengthen its position in the global halal economy. It includes market insights and strategic recommendations for stakeholders, covering sectors such as food, pharmaceuticals, cosmetics, and Muslim-friendly travel.

Terming the report a significant milestone in advancing the Kingdom's understanding of the halal market on both the local and global scale, Fahad AlNuhait, CEO of HPDC, added that Saudi Arabia aim to empower stakeholders and investors with reliable, data-driven insights that support sustainable economic growth and solidify the country’s role as a key player in the global halal economy.

The publication forms part of HPDC’s broader efforts to promote public-private partnerships and align Saudi Arabia’s halal industry with international best practices. It also supports national development goals under Saudi Vision 2030 by positioning the country as a competitive and sustainable hub for halal products.

The report includes an overview of the global halal market, a breakdown of the Saudi landscape, and analysis of emerging trends and investor interest. It is intended as a reference for decision-makers across both the public and private sectors.