A study was undertaken over the Global Halal Logistics Market to form an in-detailed report over the same. The objective of the study is to describe, define, segment, and forecast the market as per different categories. The report gives a brief overview of the competitive scenario of the market and lists a number of companies operating in the industry based on their product range, financial stability, and the growth strategies employed by them to maintain their standings.
Halal Logistics is defined as the process of managing the procurement, movement, storage & handling of materials parts livestock and finished inventory both food & non-food through the supply chain. The increase in Muslim population increased spending on halal products, and the increasing trade of halal food across the globe is expected to accelerate the global halal logistics market growth.
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The increase in disposable income of Muslim consumers has increased significantly from past few years owing to better education and job opportunities & much younger population as capered to any other religion across the world. In the year 2018, Muslim consumers spent around US$ 2 trillion on halal & Islamic lifestyle. The concept of halal is associated with food products, which are high in terms of sanitation, cleanliness quality & compliance with religious requirements. Thus, halal logistics is the process of managing the transportation of food products across the supply chain complying with the Halal standards implemented.
The increase in number of affluent Islamists, the halal industry has expanded beyond halal food into various lifestyle offerings including halal fashion, hospitality, and travel services, and others. This expansion has been triggered by the change in mindset of both Islamic & non-Islamic consumers across the globe will positively influence the market growth.
Lack of uniformity of halal standards in different nations is a major restraining factor which is expected to hamper the global halal logistics market growth during this forecast period.
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The research methodology applied and adopted for the study of the market involves capturing data on the revenue generated by the market players through various secondary sources. The sources include corporate filings, company websites, investor presentations, annual reports, paid databases, and others.
The APAC dominated the global market and is forecasted is remain the largest revenue contributing regional market during this forecast period. The migration of the Muslim population from Muslim-dominated nations to China, India & Southeast Asian countries is one of the major reasons responsible for the increase in the Muslim population in this region.
Market key Players
Some key players are discussed in this report such as Nippon Express, TIBA Group, Freight Management Holdings Berhad, Al Furqan Shipping & Logistics LLC, DB Schenker, SEJUNG SHIPPING CO., LTD., Kontena Nasional BHD, TASCO Berhad, YUSEN LOGISTICS CO., LTD. , HALA, etc.
By End Use Industry
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