Global Halal Logistics Market, By Component (Storage, Transportation, Monitoring Components, Software, Services), Transport (Railways, Roadways, Airways, and Waterways), End-user (Healthcare, Manufacturing, Trade & Transportation, Telecommunication, Government & Public Utilities, Banking & Financial Services, Retail, Media and Entertainment and Information Technology), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028.
Market Analysis and Insights : Global Halal Logistics Market
Halal logistics market will reach at an estimated value of USD 5435.15 million and grow at a CAGR of 8.20% in the forecast period of 2021 to 2028. Rising Muslim population increased spending on halal products, is an essential factor driving the halal logistics market.
Logistics industry is referred as the movement of goods and information between the receiver and provider. Logistics includes warehousing and transportation, that is undertaken by the logistics provider for the efficient and effective delivery. Halal logistics is defined as an approach to avoid contamination of perishable, food products and raw materials during transportation or distribution activities. It is also used to avoid products missed information and helps in ensuring that Muslim consumers will receive and consume only the Halalan Toyibban products.
Rising purchasing power of Muslim consumers is a crucial factor accelerating the market growth, also significant rise in the number of Muslims in some parts of the globe, rising demand for Europe’s halal-certified food products in countries including the UAE, Malaysia, and Indonesia, rise in the global trade activities of the developing economies, increase in trade related agreements and global logistics infrastructure and advancement in information technology and transportation sector are the major factors among others boosting the halal logistics market. Moreover, increasing research and development activities in the market, rising technological advancements and modernization in the machinery used and growing popularity of halal food products among the non-Muslim population will further create new opportunities for halal logistics market in the forecast period mentioned above.
However, increase in pollution level and high inventory cost and low warehousing space are the major factors among others restraining the market growth, and will further challenge the halal logistics market in the forecast period mentioned above.
This halal logistics market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on halal logistics market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Halal Logistics Market Scope and Market Size
Halal logistics market is segmented on the basis of component, transport and end-user. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of component, halal logistics market is segmented into storage, transportation, monitoring components and software and services.
- Based on transport, the halal logistics market is segmented into railways, roadways, airways, and waterways.
- The halal logistics market is also segmented on the basis of end-user into healthcare, manufacturing, trade & transportation, telecommunication, government & public utilities, banking & financial services, retail, media and entertainment and information technology.
Halal Logistics Market Scope Country Level Analysis
Halal logistics market is analysed and market size, volume information is provided by country, component, transport and end-user as referenced above.
The countries covered in the halal logistics market report are U.S., Canada and Mexico in North America, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
Asia-Pacific dominates the halal logistics market due to rising migration of the Muslim population from Muslim-dominated nations to India, China, and Southeast Asian countries, rise in the number of Muslims in the region, rising continued rollout of warehousing and transportation networks and rapid economic growth in this region. Europe is the expected region in terms of growth in halal logistics market due to rising demand for Europe’s halal-certified food products in countries including the UAE, Malaysia, and Indonesia, and increasing purchasing power of Muslim consumers in this region.
The country section of the halal logistics market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Halal Logistics Market Share Analysis
Halal logistics market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, regional presence, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to halal logistics market.
The major players covered in halal logistics market report are Nippon Express, TIBA, YUSEN LOGISTICS CO., LTD, TASCO Berhad, Kontena Nasional Berhad, MASkargo, SEJUNG SHIPPING CO., LTD., DB Schenker, Al Furqan Shipping & Logistics LLC, Northport, Hala SCS Solutions, Freight Management Holdings Bhd and HAVI among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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