The article cited AMA's Global Halal Logistics Market Study explored substantial growth with CAGR of 27.0%. According to the study, Technological Advancements in Machinery Improvements is one of the primary growth factors for the market. Increasing Popularity for Halal Products in Muslim Non-Muslim Population
is also expected to contribute significantly to the Halal Logistics market. Overall, Food and Beverages
applications of Halal Logistics, and the growing awareness of them, is what makes this segment of the industry important to its overall growth. The presence of players such as Nippon Express(Japan), TIBA Group(Spain), Al Furqan Shipping & Logistics LLC (UAE), MASkargo (Malaysia), YUSEN LOGISTICS CO., LTD. (Japan), TASCO Berhad(Malaysia) and SEJUNG SHIPPING CO., LTD. (Vietnam) pushing strong cash flow in Market which is also a key in driving revenue growth.
AMAs Analyst on the Global Halal Logistics market identified that the demand is rising in many different parts of the world as "Rise in Trade Related Agreements, Logistics Infrastructure and Increasing Transportation Sector". Furthermore, some recent industry insights like "In September 2019, MAB Kargo, a subsidiary of the Malaysia Aviation Group, has launched a “halal” logistics service with the certification of MS2400 from Jakim (Jabatan Kemajuan Islam Malaysia). Owing to this launched, company has strengthen its position in Asia Pacific region." is constantly making the industry dynamic. One of the challenges that industry facing is "High Inventory Cost and Low Warehousing Logistics in Middle East and African Region"
The report provides an in-depth analysis and forecast about the industry covering the following key features:
Detailed Overview of Halal Logistics market will help deliver clients and businesses making strategies. Influencing factors that thriving demand and latest trend running in the market What is the market concentration? Is it fragmented or highly concentrated? What trends, challenges and barriers will impact the development and sizing of Halal Logistics market SWOT Analysis of profiled players and Porter's five forces & PEST Analysis for deep insights. What growth momentum or downgrade market may carry during the forecast period? Which region may tap highest market share in coming era? What focused approach and constraints are holding the Halal Logistics market tight? Which application/end-user category or Product Type [Storage (Warehouse, Container), Transportation (Land, Air, Marine) and Monitoring Components (Sensors, RFID Devices, Software’s)] may seek incremental growth prospects? What would be the market share of key countries like Germany, USA, France, China etc.?
Market Size Estimation In market engineering method, both top-down and bottom-up approaches have been used, along with various data triangulation process, to predict and validate the market size of the Halal Logistics market and other related sub-markets covered in the study.
o Key & emerging players in the Halal Logistics market have been observed through secondary research. o The industrys supply chain and overall market size, in terms of value, have been derived through primary and secondary research processes. o All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.
Data Triangulation The overall Halal Logistics market size is calculated using market estimation process, the Halal Logistics market was further split into various segments and sub-segments. To complete the overall market engineering and arriving at the exact statistics for all segments and sub-segments, the market breakdown and data triangulation procedures have been utilized, wherever applicable. The data have been triangulated by studying various influencing factors and trends identified from both demand and supply sides of various applications involved in the study. Along with this, the Global Halal Logistics market size has been validated using both top-down and bottom-up approaches.