About the Report
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.
The report also outlines visionary insights on the market dynamics, including the drivers, restraints, opportunities, trends, and pricing analysis, along with key success factors. Demand trends have been tracked in 20+ high-growth countries, with countries in South Asia, East Asia, and the Middle East and Africa holding bulk of the share.
Historical Trends Vs Future Market Projections
Historically from 2016 to 2020, use of halal logistics management systems increased at around 6.5% CAGR, and the key factors assisting this growth include the increasing number of high-net-worth Islamic individuals, the growing number of halal certification agencies, as well as surge in the number of halal warehousing, halal transportation as well as audit personnel.
The market is forecasted to expand at a CAGR of close to 9% over the coming 10 years. Meeting Sharia requirements has become of utmost importance for the Muslim population. Although continuous monitoring and observation of the supply chain increases final price of the product, demand for halal logistics is expected to increase at a faster pace during the forecast period.
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What are the Key Opportunities for Halal Logistic Providers?
Motivation of employees involved in halal storage logistics remains a crucial factor for the success of this business. Halal logistics industry stakeholders can make repeat business a factor of satisfaction of their customers. Besides, formulating halal logistics framework with a defined marketing mix has the potential to generate more trust among consumers in halal processes, consequently leading to a growing market.
Which Region Offers Larger Opportunity for Halal logistics?
South Asia accounts for over 30% of the global halal transportation logistics market. The region is expected to offer around US$ 170 Bn absolute dollar opportunity between 2021 and 2031. Large Muslim population in the region and inclination towards halal certified products and processes has led to large revenue generation from the region.
What Makes Indonesia a Hub for Halal Logistics?
Indonesian government has been focusing on promoting a halal ecosystem in the country. Country’s Halal Industrial Estate (KIH) has been directly linked to creating new jobs in the country and boosting domestic businesses. Recently, the Indonesian government named two KIH located in East Java and Banten Industrial Estate. Besides, already four industrial estates namely Bintan Inti Industrial Estate, Batamindo Industrial Estate, Jakarta Industrial Estate in Pulogadung, and Surya Borneo Industrial Estate are in the process of inculcating halal clusters in them.
Why is Halal Logistics in Turkey Poised to Witness Double Digit Growth?
Being a Muslim-dominant country, Turkish consumers’ inclination has been growing towards halal-certified products. Halal-certified food products, especially halal meat, have garnered significant traction in the country. Turkey is an active member of the Organisation of Islamic Cooperation (OIC). Around 85% of all meat and live animals imported by OIC countries are supplied by non-OIC countries. This makes halal-certified product logistics a crucial factor towards identification of halal products during trade.
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Why Does Storage Correspond to Majority Share in Halal Logistics Revenue?
Sorting of halal products during warehousing is of utmost importance to ensure the upstream and downstream logistics are aligned to halal regulations. From storage points, products emanate and go along the supply chain; halal compliance ensures that the product and packaging are halal certified. Due to these factors, storage accounted for nearly 60% of the halal logistics revenue in 2020.
Why Does Food & Beverage Command the Highest Share Halal Logistics?
The Islamic population is highly concerned about the halal nature of food products that they purchase or consume outside of home. Halal certified food products refrain from using synthetic ingredients, alcohol etc. Besides, food products have more strict halal guidelines, as they are directly consumed. Food and beverage end use accounted for over half of market revenue in 2020.
How Has COVID-19 Boosted Demand for Halal Logistics?
Similar to standard logistics, a disruption was also felt by halal logistics warehouses across the globe. The market growth dropped by nearly 5% in 2020, when compared to previous projections. While this impact is also expected to show a ripple effect in 2021, the extent of loss is likely to be low as compared to 2020.
Majority of the companies discussed in the report have focused on establishing subsidiaries in developing regions. Strategies include product launches, collaborations with key players, partnerships, and mergers and acquisitions. Some of the key developments are:
- In April 2021, dnata, a provider of air services, received ISO 9001:2015 certification for cargo handling services, including an award for halal certification by Majlis Ugama Islam Singapura (MUIS). This certification is offered for its special storage room in its Coolchain facility.
- In March 2021, Nippon Express launched halal air cargo in Japan for its domestic cargo transport services. This service will be linked to its Express Hi-Speed domestic air cargo transport service and will provide logistics services to around 200,000 Muslims in Japan.
- In September 2019, after receiving MS2400-halal certification from Jakim, MASkargo launched its halal monitoring components and services. This certification is expected to enable the company to offer services such as storage, transportation, and handling of food as well as non-food products.
Similarly, recent developments related to companies manufacturing halal logistics software have been tracked by the team at Fact.MR, which is available in the full report.
An Adaptive Approach to Modern-day Research Needs
Historical Data Available for
US$ Mn for Value
Key Regions Covered
Key Countries Covered
Key Segments Covered
Key Companies Profiled
Key Questions Answered in Report
What is the expected growth rate for halal logistics solutions by 2031?
By value, Fact.MR has projected a CAGR of close to 9% for halal transportations logistics during 2021-2031.
Which region is expected to experience the highest growth?
As per Fact.MR’s projections, the Middle East & Africa will experience the highest growth rate of around 12%. The market in South Asia is also expected to witness a double digit growth.
Which Players are Prominent in the Halal Supply Chain Solutions Market?
Prominent players offering halal logistics systems include Al Furqan Shipping & Logistics LLC, DB Schenker, HALA, HAVI, Freight Management Holdings Berhad, Kontena Nasional BHD (KNB), MASkargo, Northport (Malaysia) BHD, Nippon Express, SEJUNG SHIPPING CO., LTD., TASCO Berhad, TIBA Group, and YUSEN LOGISTICS CO., LTD.
Key Segments Covered
- Maritime Halal Logistics
- Air Halal Logistics
- Land Halal Logistics
- Monitoring Components
- RFID Devices
- Networking Devices
- Installation and Integration
- Support & Maintenance
- Halal Food and Beverage Logistics
- Halal Pharmaceutical Logistics
- Halal Personal Care & Cosmetics Logistics
- Halal Chemicals Logistics
- North America
- Latin America
- East Asia
- South Asia
Halal Logistics Market- Scope Of Report
A recent study by Fact.MR on the halal logistics market offers a 10-year forecast for 2021 to 2031. The study analyzes crucial trends that are currently determining the growth of the market. This report explicates on vital dynamics, such as the drivers, restraints, and opportunities for key market players along with key stakeholders as well as emerging players associated with the development of halal logistics.
The study also provides the dynamics that are responsible for influencing the future status of the market over the forecast period. A detailed assessment of value chain analysis, business execution, cost structure analysis, and supply chain analysis across regional markets has been covered in the report.
A list of prominent companies operating in the halal logistics market, along with their product portfolios, enhances the reliability of this comprehensive research study.
The study offers comprehensive analysis on diverse features, including production capacities, demand, product developments, revenue generation, and sales of halal logistics across the globe.
A comprehensive estimate on the market has been provided through an optimistic scenario as well as a conservative scenario, taking into account the sales of halal logistics during the forecast period.
Analysis on Market Size Evaluation
The market has been analyzed for each market segment in terms of value (US$ Mn). Market estimates at global and regional levels for halal logistics are available in terms of “US$ Mn”. A Y-o-Y growth contrast on prominent market segments, along with market attractiveness evaluation, has been incorporated in the report. Furthermore, absolute dollar opportunity analysis of all the segments adds prominence to the report. Absolute dollar opportunity plays a crucial role in assessing the level of opportunity that a solution provider can look to achieve, along with identifying potential resources, considering the sales and distribution perspective in the global halal logistics market.
Inspected Assessment on Regional Segments
Key sections have been elaborated in the report, which have helped deliver projections on regional markets. These chapters include Porter’s five forces analysis and PESTLE analysis (political, economic, social, technology, legal, and environment outlook), which are expected to have a momentous influence on the growth of the Halal logistics market during the forecast period.
Country-specific valuation on demand for halal logistics has been offered for each regional market, along with market scope estimates and forecasts, and impact analysis of the dynamics of prominence in regions and countries. For all regional markets, Y-o-Y growth estimates have also been incorporated in the report.
Detailed breakup in terms of value for emerging countries has also been included in the report.
In-depth Analysis on Competitive Landscape
The report sheds light on leading manufacturers of halal logistics, along with their detailed profiles. Essential and up-to-date data related to market performers who are principally engaged in the manufacturing of halal logistics has been brought with the help of a detailed dashboard view. Market share analysis and comparison of prominent players provided in the report permits report readers to take preemptive steps in advancing their businesses.
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Is the market research conducted by Fact.MR?
Yes, the report has been compiled by expert analysts of Fact.MR, through a combination of primary and secondary research. To know more about how the research was conducted, you can speak to a research analyst.
What research methodology is followed by Fact.MR?
Fact.MR follows a methodology that encompasses the demand-side assessment of the market, and triangulates the same through a supply-side analysis. This methodology is based on the use of standard market structure, methods, and definitions.
What are the sources of secondary research?
Fact.MR conducts extensive secondary research through proprietary databases, paid databases, and information available in the public domain. We refer to industry associations, company press releases, annual reports, investor presentations, and research papers. More information about desk research is available upon request.
Who are the respondents for primary research?
Fact.MR speaks to stakeholders across the spectrum, including C-level executives, distributors, product manufacturers, and industry experts. For a full list of primary respondents, please reach out to us.
Is a sample of this report available for evaluation?
Yes, you can request a sample, and it will be sent to you through an email.