Demand For Halal Logistics Is Expected To Increase At A Faster Pace During The Forecast Period 2022-2032

The global halal logistics market is slated to ascend at a healthy CAGR of close to 9% over the 2021 to 2031 forecast period. The food & beverage industry will continue to be the largest end user of halal logistics across regions.

Monitoring of the supply chain is a crucial factor for assurance that the products that the Islamic population uses are halal. Recent years have shown that halal integrity issues have become more prominent than before, owing to the complexity of the modern supply chain.

Besides, cost cut-downs at upstream and downstream logistics levels have brought to the fore the dilemma and confusion of mixing halal with haram. These factors have aggravated the need for halal logistics management.

The foremost objective of the report by Fact.MR on the halal logistics industry is to pitch insights on the purchase growth scenario, demand generators, and development strategies in this space. The report provides a taxonomy elaborating on key segments.

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As per a new report published by Fact.MR, the global halal logistics market is anticipated to exceed a valuation of US$ 280 Bn by 2021, and is expected to expand at an impressive CAGR of close to 9% over the forecast period of 2021 to 2031.

Key Takeaways from Market Study

• In 2020, South Asia and East Asia together accounted for over 50% revenue of the global market.
• The market in the Middle East and Africa is estimated to expand over threefold from 2021 and 2031.
• The storage segment accounted for nearly 60% of market revenue.
• The market generated over US$ 168 Bn revenue from food & beverage end use.
• The halal logistics market is moderately concentrated, where companies such as Nippon Express, TIBA Group, MASkargo, Yusen Logistics Co., Ltd., and TASCO Berhad account for a majority of the market share.

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Key Segments Covered

• By Component
  • Storage
    • Warehouses
    • Containers
  • Transportation
    • Maritime Halal Logistics
    • Air Halal Logistics
    • Land Halal Logistics
  • Monitoring Components
    • Hardware
  • Sensors
  • RFID Devices
  • Telematics
  • Networking Devices
    • Software
    • Services
  • Installation and Integration
  • Support & Maintenance
• By Vertical
  • Halal Food and Beverage Logistics
  • Halal Pharmaceutical Logistics
  • Halal Personal Care & Cosmetics Logistics
  • Halal Chemicals Logistics
  • Others
• By Region
  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia
  • Oceania
  • MEA

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