About Halal Logistics
Halal logistics is an approach to avoid contamination of perishable, raw materials and food products during transportation and distribution activities. It ensure that Muslim consumers are receiving and consume only the Halalan Toyibban products. It is process of dealing supply chain activities related to the procurement, storage and materials handling such as parts of livestock, and inventory with general principles of Shariah Law. This logistics particularly gives attention and authorisation to the halal integrity ensuring products and services. Halal is the approach of producing goods and services with Islamic-law compliant. Halal Assurance System provides systematic approach for identification of non-halal contamination and control measures to ensure safety status of products and services. Thus, only halal certificate holder is allowed to provide halal products and services with completion of halal regulations and requirements. The increasing Muslim population across the globe and growing preference for consumption of halal products is expected to drive the market. According to the Institute of United States Social Policy and Understanding, the Muslim populations in 2017 was 3.45 million and it has been grown to up to 4 million till 2019. Geographically, The Asia Pacific region is expected to grow with highest growth rate over forecast period. The immigration of the Muslim population to emerging countries such as India and China is responsible for the rise in the Muslim population and increasing demand for halal products. Further, rising reliance of Non-OIC countries on the Halal Food Industry is strengthening the growth of the halal logistics market across the globe.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 27.0% |
There are various companies are operating in the market to provides effective logistics. Increased demand for effective transportation, storage is impacting on the demand for tanning lamps in positive manner. Hence to grab the opportunity associated with the market, many new market players are entering to the market. The market leaders are investing on organic and non-organic strategic growth initiatives to become dominant in this industry. Analyst at AMA Research estimates that United States Vendors will contribute the maximum growth to Global Halal Logistics market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
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) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are NEXLOG (South Africa,) and DB SCHENKER (Germany).
Segmentation Overview
AMA Research has segmented the market of Global Halal Logistics market by Type (Storage (Warehouse, Container), Transportation (Land, Air, Marine) and Monitoring Components (Sensors, RFID Devices, Software’s)), Application (Food and Beverages, Pharmaceuticals, Cosmetic, Chemicals and Others) and Region.
On the basis of geography, the market of Halal Logistics has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Influencing Trend:
Technological Advancements in Machinery Improvements
Market Growth Drivers:
Increasing Popularity for Halal Products in Muslim Non-Muslim Population and Raised Awareness Regarding Health Benefits Associated With Consumption of Halal Products
Challenges:
High Inventory Cost and Low Warehousing Logistics in Middle East and African Region
Restraints:
Restriction on Transportation Activities Owing To Covid-19 Has Created Negative Impact on the Demand for Halal Logistics
Opportunities:
Rise in Trade Related Agreements, Logistics Infrastructure and Increasing Transportation Sector
Market Leaders and their expansionary development strategies
In March 2021, Nippon Express Co., Ltd. will be expanding its domestic halal logistics services in Japan with the start of a new halal-certified domestic air cargo transport service on Monday, March 8.
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.
Key Target Audience
Venture Capitalists and Private Equity Firms, New Entrants/Investors, Strategic Business Planners, Halal Logistic Suppliers and Distributors, Government Regulatory, Research Organizations and End-Use Industries
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.