The global Halal Logistics market size is expected to be worth around US$ 525.13 billion by 2028, according to a new report by Vision Research Reports.
The global Halal Logistics market size was valued at US$ 286.100 billion in 2020 and is anticipated to grow at a CAGR of 8.8% during forecast period 2021 to 2028.
Growth Factors
Over the last few years, the demand for halal-certified products has extended beyond the Muslim community and is gaining increasing acceptance among non-Muslim consumers who relate halal with ethical consumerism and high-quality products. Therefore, the increasing demand for halal products worldwide is driving the need for halal logistics. Halal logistics providers are rigorously ensuring that the people involved in the supply chain understand the technical requirements and regulatory aspects to deliver halal products to the markets safely.
Strict regulations and standard guidelines are set by the Muslim community in countries such as Malaysia, Indonesia, and Singapore, among others for slaughtering and halal certification. For instance, Majlis Ugama Islam Singapura (MUIS), an authorized body governing Singapore's Muslim affairs, under the Administration of Muslim Law Act (AMLA), is entrusted with the sole legal rights to issue Halal certificates in Singapore. Furthermore, Section 88A of the AMLA act specifies the guidelines for the issuance of halal certificates as well as regulate the holders of halal certificates to comply with the requirements of the Muslim law. Halal logistics service providers are focusing on gaining the certification from concerned local authorities, and thereafter striving to strengthen their service portfolio.
Report Highlights
The food and beverage segment led the halal logistics market and accounted for more than 57% of the global revenue share in 2020. The high share of the segment is primarily attributable to 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. However, over the years, halal food has become popular among consumers regardless of race, culture, and religion owing to the perception of it being of high quality and safe.
On the other hand, pharmaceuticals represent the second largest industry segment, constituting more than 23% of the total global market revenue share. Halal medicines are drugs that do not contain ingredients such as alcohol or animal products prohibited under Islamic guidelines. Since Muslims are the largest consumers of halal medicines, their rising population is likely to boost up the demand for halal pharmaceuticals over the forecast period.
The storage segment led the market and accounted for over 60% of the global revenue share in 2020. The high share of the segment is attributable to the increasing need to sort and separate halal and non-halal products in warehousing and during transportation activities to avoid any possible contaminations.
The monitoring components segment is expected to emerge as the fastest-growing segment registering a CAGR of around 9% from 2020 to 2027. The growth is primarily characterized by the need to ensure the safety, quality, and integrity of halal products.
The Asia Pacific dominated the market and accounted for over 49% of the global revenue share in 2020and is forecasted is remain the largest revenue contributing regional market throughout the forecast period. 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.
Europe accounted for over 13.5% of the global revenue share in 2020. Germany is one of Europe’s biggest meat producers. Germany also produces halal beef, marketed in the country, and exported to other countries worldwide, driving the need for logistics services. Furthermore, service providers in countries such as Netherlands, Belgium, and France are offering their services through halal-certified seaports, including the Port of Rotterdam, the Belgian port of Zeebrugge, and Port of Marseille. Increasing demand for Europe’s halal-certified food products in countries including the UAE, Malaysia, and Indonesia is expected to support the regional market growth in the forthcoming years.
Key Players
Nippon Express
TIBA Group
YUSEN LOGISTICS CO., LTD.
TASCO Berhad
Kontena Nasional BHD (KNB)
MASkargo
SEJUNG SHIPPING CO., LTD.
DB Schenker
Al Furqan Shipping & Logistics LLC
Northport (Malaysia) BHD
HALA
Freight Management Holdings Berhad
HAVI
Market Segmentation
Component Outlook
Storage
Warehouse
Container
Transportation
Maritime Logistics
Air Logistics
Land Logistics
Monitoring Components
Hardware
Sensors
RFID Devices
Telematics
Networking Devices
Software
Services
Installation & Integration
Support and Maintenance
End-Use Industry Outlook
Food and Beverages
Pharmaceuticals
Cosmetic / Personal Care
Chemicals
Others
Regional Outlook
North America
U.S.
Canada
Europe
U.K.
Germany
Russia
Turkey
Asia Pacific
Indonesia
Malaysia
China
India
Oceania
South America
Brazil
Middle East & Africa
UAE
Saudi Arabia
Egypt
The Halal Logistics market research report covers definition, classification, product classification, product application, development trend, product technology, competitive landscape, industrial chain structure, industry overview, national policy and planning analysis of the industry, the latest dynamic analysis, etc., and also includes major. The study includes drivers and restraints of the global market. It covers the impact of these drivers and restraints on the demand during the forecast period. The report also highlights opportunities in the market at the global level.
The report provides size (in terms of volume and value) of Halal Logistics market for the base year 2020 and the forecast between 2021 and 2028. Market numbers have been estimated based on form and application. Market size and forecast for each application segment have been provided for the global and regional market.
This report focuses on the global Halal Logistics market status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Halal Logistics market development in United States, Europe and China.
It is pertinent to consider that in a volatile global economy, we haven’t just conducted Halal Logistics market forecasts in terms of CAGR, but also studied the market based on key parameters, including Year-on-Year (Y-o-Y) growth, to comprehend the certainty of the market and to find and present the lucrative opportunities in market.
In terms of production side, this report researches the Halal Logistics capacity, production, value, ex-factory price, growth rate, market share for major manufacturers, regions (or countries) and type.
In terms of consumption side, this report focuses on the consumption of Halal Logistics by regions (countries) and application.
Buyers of the report will have access to verified market figures, including global market size in terms of revenue and volume. As part of production analysis, the authors of the report have provided reliable estimations and calculations for global revenue and volume by Type segment of the global Halal Logistics market. These figures have been provided in terms of both revenue and volume for the period 2017 to 2028. Additionally, the report provides accurate figures for production by region in terms of revenue as well as volume for the same period. The report also includes production capacity statistics for the same period.
With regard to production bases and technologies, the research in this report covers the production time, base distribution, technical parameters, research and development trends, technology sources, and sources of raw materials of major Halal Logistics market companies.
Regarding the analysis of the industry chain, the research of this report covers the raw materials and equipment of Halal Logistics market upstream, downstream customers, marketing channels, industry development trends and investment strategy recommendations. The more specific analysis also includes the main application areas of market and consumption, major regions and Consumption, major Chinese producers, distributors, raw material suppliers, equipment providers and their contact information, industry chain relationship analysis.
The research in this report also includes product parameters, production process, cost structure, and data information classified by region, technology and application. Finally, the paper model new project SWOT analysis and investment feasibility study of the case model.
Overall, this is an in-depth research report specifically for the Halal Logistics industry. The research center uses an objective and fair way to conduct an in-depth analysis of the development trend of the industry, providing support and evidence for customer competition analysis, development planning, and investment decision-making. In the course of operation, the project has received support and assistance from technicians and marketing personnel in various links of the industry chain.
The 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, global presence, production sites and facilities, production capacities, 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.
Prominent players in the market are predicted to face tough competition from the new entrants. However, some of the key players are targeting to acquire the startup companies in order to maintain their dominance in the global market. For a detailed analysis of key companies, their strengths, weaknesses, threats, and opportunities are measured in the report by using industry-standard tools such as the SWOT analysis. Regional coverage of key companies is covered in the report to measure their dominance. Key manufacturers of Halal Logistics market are focusing on introducing new products to meet the needs of the patrons. The feasibility of new products is also measured by using industry-standard tools.
Key companies are increasing their investments in research and development activities for the discovery of new products. There has also been a rise in the government funding for the introduction of new Halal Logistics market. These factors have benefited the growth of the global market for Halal Logistics. Going forward, key companies are predicted to benefit from the new product launches and the adoption of technological advancements. Technical advancements have benefited many industries and the global industry is not an exception.
New product launches and the expansion of already existing business are predicted to benefit the key players in maintaining their dominance in the global market for Halal Logistics. The global market is segmented on the basis of region, application, en-users and product type. Based on region, the market is divided into North America, Europe, Asia-Pacific, Latin America and Middle East and Africa (MEA).
In this study, the years considered to estimate the market size of Halal Logistics are as follows:
Reasons to Purchase this Report:
- Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
- Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
- Market value USD Million and volume Units Million data for each segment and sub-segment
- Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
- Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
Research Methodology:
In-depth interviews and discussions were conducted with several key market participants and opinion leaders to compile the research report.
This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.
Market Size Estimation
Top-down and bottom-up approaches are used to estimate and validate the global market size for company, regional division, product type and application (end users).
The market estimations in this report are based on the selling price (excluding any discounts provided by the manufacturer, distributor, wholesaler or traders). Market share analysis, assigned to each of the segments and regions are achieved through product utilization rate and average selling price.
Major manufacturers & their revenues, percentage splits, market shares, growth rates and breakdowns of the product markets are determined through secondary sources and verified through the primary sources.
All possible factors that influence the markets included in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data. The market size for top-level markets and sub-segments is normalized, and the effect of inflation, economic downturns, and regulatory & policy changes or others factors are accounted for in the market forecast. This data is combined and added with detailed inputs and analysis from Vision Research Reports and presented in this report.
Market Breakdown and Data Triangulation
After complete market engineering with calculations for market statistics; market size estimations; market forecasting; market breakdown; and data triangulation. Extensive primary research was conducted to gather information and verify and validate the critical numbers arrived at. In the complete market engineering process, both top-down and bottom-up approaches were extensively used, along with several data triangulation methods, to perform market estimation and market forecasting for the overall market segments and sub-segments listed in this report.
Secondary Sources
Secondary Sources occupies approximately 25% of data sources, such as press releases, annual reports, Non-Profit organizations, industry associations, governmental agencies and customs data, and so on. This research study includes secondary sources; directories; databases such as Bloomberg Business, Wind Info, Hoovers, Factiva (Dow Jones & Company), TRADING ECONOMICS, and avention; Investing News Network; statista; Federal Reserve Economic Data; annual reports; investor presentations; and SEC filings of companies.
Primary Sources
In the primary research process, various sources from both the supply and demand sides were interviewed to obtain qualitative and quantitative information for this report. The primary sources from the supply side include product manufacturers (and their competitors), opinion leaders, industry experts, research institutions, distributors, dealer and traders, as well as the raw materials suppliers and producers, etc.
The primary sources from the demand side include industry experts such as business leaders, marketing and sales directors, technology and innovation directors, supply chain executive, end users (product buyers), and related key executives from various key companies and organizations operating in the global market.
The study objectives of this report are:
Cross-segment Market Size and Analysis for
Mentioned Segments
Additional Company Profiles (Upto 5 With No Cost)
Additional Countries (Apart From Mentioned Countries)
Country/Region-specific Report
Go To Market Strategy
Region Specific Market DynamicsRegion Level Market Share Import Export AnalysisProduction AnalysisOthers