Halal Logistics Market Size, Industry Analysis Report By Component (Storage, Transportation), By End-use Industry (Food and Beverages, Pharmaceuticals) & Region – Forecasts

  • 15/09/2022
  • 266
  • Automotive & Transportation
Halal Logistics Market- Description
The concept of halal has been generally associated with food products that are high in terms of sanitation, cleanliness quality, and compliance with religious requirements.
The halal logistics is the process of managing the transportation of products across the supply chain in compliance with the Halal standards implemented.
The rising Muslim population has increased spending on halal products, and the rising trade of halal food worldwide is collectively contributing to the growth. Also, the purchasing power of Muslim consumers has increased significantly over the past few years because of the better education and job opportunities.

Halal Logistics Market- Overview
The halal logistics market is valued at USD 337.19 billion in 2022 and is projected to reach a value of USD 642.86 billion in 2030 expanding at a CAGR of 8.4% over the forecast period of 2022-2030.
Halal logistics has emerged as a potential growth opportunity for logistic service providers and in order to offer efficient and complete turn-key service to their customers, service providers have been investing in developing the necessary dedicated infrastructure that includes, halal warehousing, halal seaport, halal audit teams, and halal transportation.
Additionally, the supply chain participants that includes, port operators have been engaging in collaborative agreements with logistics providers in order to build an international halal value chain.
The coronavirus (COVID-19) pandemic had also resulted in disruptions in the supply chain and a shortage of labourers across the logistics ecosystems. The global lockdown and the temporary closure of international trading activities had a severe dent in the financial reserves of service providers operating in the halal industry.

Halal Logistics Market- Key Market Trends

• Rising number of affluent Islamists has boosted the market

Every market has its growth determinant and challenges. One of the major factor that has boosted the market growth over the forecast period is the rise in the number of affluent Islamists. This has resulted in the expansion of the halal market into various lifestyle offerings such as halal fashion, hospitality, and travel services, among others. This expansion has been triggered by the changing mind set of both Islamic and non-Islamic consumers worldwide. Thus, with the rise in the number of non-Muslim consumers from diverse religious beliefs and races preferring halal-certified products, the demand for halal products is not restricted to the Muslim population anymore.

• Growing trade of halal food worldwide

Another major factor that has fuelled the market growth over the forecast period is the growing trade of halal food worldwide. This is because of the purchasing power of Muslim consumers has increased significantly over the past few years because of better education and job opportunities, and a much younger population as compared to any other religion worldwide. This has boosted the market growth over the forecast period.

Halal Logistics Market- Segmental analysis of the market

Based on Component
o Storage
• Warehouse
• Container
o Transportation
• Maritime Logistics
• Air Logistics
• Land Logistics
o Monitoring Components
• Hardware
• Sensors
• RFID Devices
• Telematics
• Networking Devices
• Software
• Services (Installation & Integration; Support and Maintenance)
The storage segment has dominated the market growth over the forecast period. This is because of the rising need to sort and separate halal and non-halal products in warehousing and during transportation activities to avoid any possible contaminations. The storage segment is further segmented into warehouse, and container. The warehouse sub-segment accounted for the largest share and has dominated the market growth.

Based on End-Use Industry
• Food and Beverages
• Pharmaceuticals
• Cosmetic / Personal Care
• Chemicals
• Others
The food and beverage segment has dominated the market growth over the forecast period. This is because of the rapid growth in the Muslim population coupled with the growing popularity of halal food products among the non-Muslim population. Initially, halal food products were consumed only by the Muslim population.

Halal Logistics Market- Geographical analysis of the market
The halal logistics market is segmented into 4 main regions namely, North America, Europe, Asia Pacific, and Middle east and Africa. Among these, Asia Pacific has dominated the regional segment of the market. This is because of the migration of the Muslim population from Muslim-dominated nations to India, China, and Southeast Asian countries is one of the major reasons responsible for the rise in the Muslim population in the region. With a significant rise in the number of Muslims in the region, the demand for halal food products has also increased, which, in turn, is driving the need for halal logistics.

Halal Logistics Market- Competitive Landscape
Some of the prominent companies operating in the market are Nippon Express; TIBA Group; MASkargo; YUSEN LOGISTICS CO., LTD.; TASCO Berhad.

Report Scope
Halal logistics market: Historical Period- 2018-2021
Halal logistics market: Industry and Forecast Period- 2022-2030
Halal logistics market 2022- USD 337.19 billion
Halal logistics market 2030- USD 642.86 billion
Halal logistics market CAGR- 8.4%

Major Segments Covered
• Component (Storage, Transportation, Monitoring Components)
• End-use Industry (Food and Beverages, Pharmaceuticals, Cosmetics, chemical, others)

Key Countries and Regions covered
• North America (US, Canada, and Mexico)
• Europe (UK, Germany, France, Italy, Netherlands, and Rest of Europe)
• Asia Pacific (China, Japan, South Korea, and Rest of APAC)
• Middle east and Africa

Top companies profiled- Nippon Express; TIBA Group; MASkargo; YUSEN LOGISTICS CO., LTD.; TASCO Berhad.

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