report-image

Halal Logistics Market Size, Industry Analysis Report By Component (Storage, Transportation), By End-use Industry (Food and Beverages, Pharmaceuticals) & Region – Forecasts By 2030

  • PUBLISHED ON
  • 2024-09-27
  • NO OF PAGES
  • 266
  • CATEGORY
  • Automotive & Transportation
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 - 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 - 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

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 

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.

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


Quality Assurance Process

  1. We Market Research’s Quality Assurance program strives to deliver superior value to our clients.

We Market Research senior executive is assigned to each consulting engagement and works closely with the project team to deliver as per the clients expectations.

Market Research Process




We Market Research monitors 3 important attributes during the QA process- Cost, Schedule & Quality. We believe them as a critical benchmark in achieving a project’s success.

To mitigate risks that can impact project success, we deploy the follow project delivery best practices:
  • Project kickoff meeting with client
  • Conduct frequent client communications
  • Form project steering committee
  • Assign a senior SR executive as QA Executive
  • Conduct internal editorial & quality reviews of project deliverables
  • Certify project staff in SR methodologies & standards
  • Monitor client satisfaction
  • Monitor realized value post-project

Case Study- Automotive Sector

One of the key manufacturers of automotive had plans to invest in electric utility vehicles. The electric cars and associated markets being a of evolving nature, the automotive client approached We Market Research for a detailed insight on the market forecasts. The client specifically asked for competitive analysis, regulatory framework, regional prospects studied under the influence of drivers, challenges, opportunities, and pricing in terms of revenue and sales (million units).

Solution

The overall study was executed in three stages, intending to help the client meet its objective of precisely understanding the entire market before deciding on an investment. At first, secondary research was conducted considering political, economic, social, and technological parameters to get a gist of the various aspects of the market. This stage of the study concluded with the derivation of drivers, opportunities, and challenges. It also laid substantial emphasis on understanding and collecting data not only on a global scale but also on the regional and country levels. Data Extraction through Primary Research

The second stage involved primary research in which several market players and automotive parts suppliers were contacted to study their viewpoint concerning the development of their market and production capacity, clientele, and product line. This stage concluded in a brief understanding of the competitive ecosystem and also glanced through the strategies and pricing of the companies profiled.

Market Estimates and Forecast

In the final stage of the study, market forecasts for the electric utility were derived using multiple market engineering approaches. This data helped the client to get an overview of the market and accelerate the process of investment.

Case Study- ICT Sector

Business process outsourcing, being one of the lucrative markets from both supply- and demand- side, has appealed to various companies. One of the prominent corporations based out of Japan approached us with their requirements regarding the scope of the procurement outsourcing market for around 50 countries. Additionally, the client also sought key players operating in the market and their revenue breakdown in terms of region and application.


Business Solution

An exhaustive market study was conducted based on primary and secondary research that involved factors such as labor costs in various countries, skilled and technical labors, manufacturing scenario, and their respective contributions in the global GDP. A comparative study of the market was conducted from both supply- and demand side, with the supply-side comprising of notable companies, such as GEP, Accenture, and others, that provide these services. On the other hand, large manufacturing companies from them demand-side were considered that opt for these services.


Conclusion

The report aided the client in understanding the market trends, including country-level business scenarios, consumer behavior, and trends in 50 countries. The report also provided financial insights of crucial players and detailed market estimations and forecasts till 2033.

Frequently Asked Questions

What is the market size and growth projections?

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.

What are the drivers shaping various markets?

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.

Who are the key competitors of market Players?

Some of the major players operating within the market are Nippon Express; TIBA Group; MASkargo; YUSEN LOGISTICS CO., LTD.; TASCO Berhad.

What are the top performing segments, and countries / regions of each of the markets?

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.

CHOOSE LICENSE TYPE
QLOUD
Pricing

Select a license type that suits your business needs

Single User Access

US $3499

Only Three Thousand Four Hundred Ninety Nine US dollar

  • 1 User access
  • 15% Additional Free Customization
  • Free Unlimited post-sale support
  • 100% Service Guarantee until achievement of ROI
Multi User Cost

US $4499

Only Four Thousand Four Hundred Ninety Nine US dollar

  • 5 Users access
  • 25% Additional Free Customization
  • Access Report summaries for Free
  • Guaranteed service
  • Dedicated Account Manager
  • Discount of 20% on next purchase
  • Get personalized market brief from Lead Author
  • Printing of Report permitted
  • Discount of 20% on next purchase
  • 100% Service Guarantee until achievement of ROI
Enterprise User Cost

US $5499

Only Five Thousand Four Hundred Ninety Nine US dollar

  • Unlimited User Access
  • 30% Additional Free Customization
  • Exclusive Previews to latest or upcoming reports
  • Discount of 30% on next purchase
  • 100% Service Guarantee until achievement of ROI