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,International Trade and Industry Minister Mohamed Azmin Ali says there are more than 8,000 companies in Malaysia that are halal certified, 20% of which are exporters, contributing a total of US$10.4 billion worth of exports in 2020. – The Malaysian Insight file pic, September 9, 2021.

THE global halal pharmaceuticals market is set to grow to US$105 billion (RM435 billion) by 2024 from US$94 billion in 2019, especially in the preventive care segment.

International Trade and Industry Minister Mohamed Azmin Ali said with the Covid-19 pandemic sharpening the focus on improving health and immunity, Malaysia could expect a further surge in the sector’s growth through public-private collaborations in launching new halal-certified drugs and medical devices.



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