Global Halal Logistics Market by Manufacturers, Types, Regions and Application and Forecast 2022 to 2031

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Kenneth Research, in its repository of market research reports, have recently added a report on Global Halal Logistics Market which emphasizes on the latest trends, key opportunities, drivers, and the challenges associated with the growth of the market during the forecast period, i.e., 2022-2031.

U S Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analysis and U.S. Census Bureau mention the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) average exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilst imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Global Halal Logistics Market products.

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Moreover, increase in ICT spending around the globe for hardware, software, services, new technologies and telecom among others is also anticipated to contribute to the growth of the market in the coming years. The spending on new technologies recorded around USD 0.6 million in 2018 and is further estimated to reach close to USD 1.3 million by 2023. The total ICT spending around the globe further recorded close to USD 5 million in 2019 and is further.

Global Halal Logistics Market is valued approximately USD 286.96 billion in 2019 and is anticipated to grow with a healthy growth rate of more than 8.4 % over the forecast period 2020-2027. The growing halal industry has led to the widespread adoption of halal ingredients in food & beverage, healthcare and pharmaceutical sector, which result in fostering the growth of halal logistics market. The rising Muslim population across the globe coupled with their preference to consume halal ingredients to accelerate the growth of market over the forecast years. For instance, according to the Institute of Social Policy and Understanding (United States), the number of Muslim populations in 2017 was 3.45 million and grown to approx. 4 million till 2019. Similarly, according to Statista, the Muslim Population in UK rises from 6.3% in 2016 to 17.2 % by 2050.

Furthermore, Non-OIC countries are increasingly relying on the Halal Food Industry and rising use of halal ingredients in beauty and cosmetics products are further strengthening the growth of the halal logistics market. Also, the increasing halal certification for various food & beverage ingredients tends to accelerate the market share of the segment. For instance, as the Indonesian government issued a regulation 31/2019 regarding the compulsory halal labelling law which must be carried out in the next five years. This law in the first phase is applied to the food and beverage products and is compulsion by October 2024. While, second phase covers the cosmetic industry, which will be a compulsion after October 2026. However, the restrictions enforced by the governments in the wake of COVID-19 have put more burden on the logistic service provider is the major factor restraining the growth of global Halal Logistics market during the forecast period.

The regional analysis of global Halal Logistics market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. Asia Pacific is the leading/significant region across the world in terms of market share owing to 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.

Major market player included in this report are:

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

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The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Component:

Storage
Transportation
Monitoring Components

By End-Use Industry:

Food and Beverages
Pharmaceuticals
Cosmetic / Personal Care
Chemicals
Others

By Region:

North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE

Asia Pacific

China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World

Furthermore, years considered for the study are as follows:

Historical year – 2017, 2018
Base year – 2019
Forecast period – 2022 to 2031

Target Audience of the Global Halal Logistics Market in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors

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The report further discusses the market opportunity, compound annual growth rate (CAGR) growth rate, competition, new technology innovations, market players analysis, government guidelines, export and import (EXIM) analysis, historical revenues, future forecasts etc. in the following regions and/or countries:

• North America (U.S. & Canada) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook
• Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market size, Y-O-Y growth & Market Players Analysis & Opportunity Outlook
• Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC, Poland, Turkey, Russia, Rest of Europe) Market size, Y-O-Y growth Market Players Analys & Opportunity Outlook
• Asia-Pacific (China, India, Japan, South Korea, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market size, Y-O-Y growth & Market Players Analysis & Opportunity Outlook
• Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market size, Y-O-Y growth Market Players Analysis & Opportunity Outlook

About Kenneth Research

Kenneth Research provides scheduled syndicated reports that help industry professionals and organizations decipher market trends to take significant decisions and plan strategies. We cater to a wide range of industries including healthcare & pharmaceuticals, ICT & telecom, automotive & transportation, energy & power, chemicals, FMCG & food, aerospace & defence, among others. Our research team ensures to track and analyze the industry on a regular basis to offer strategic business consultancy services on a global level. We, at Kenneth Research, are adept at capturing descriptive insights on crucial topics to help our clients make their informed decisions.

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