Halal Logistics Market: Opportunities, Emerging Trends, Competitive Strategies And Forecasts 2027 | Grand View Research, Inc.

March 09 12:26 2021
Halal Logistics Market: Opportunities, Emerging Trends, Competitive Strategies And Forecasts 2027 | Grand View Research, Inc.

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The halal logistics market is one of the world’s fastest growing markets and the ongoing Covid-19 pandemic has become a critical component affecting the global economy. As the world emerges from the Covid-19 shutdown. UAE continues to receive recognition as a future hub for halal logistics business operations in the post-pandemic environment where logistics and transport are limited, finds Grand View Research, Inc.

According to a recent report, the global halal logistics market size is projected to value at USD 525.09 billion and is expected to register a CAGR of 8.4% by 2027. Over the last few years, the demand for halal-certified products has expanded beyond the Muslim community and has attained increasing acceptance among the non-Muslim consumers who associate halal with high-quality products and ethical consumerism. Strict regulations and guidelines are set by the Muslim dominant countries such as Indonesia, Malaysia, and Singapore, among others for corresponding slaughtering and halal certification.

Majlis Ugama Islam Singapura (MUIS), a body governing Singapore’s Muslim affairs, under the Administration of Muslim Law Act (AMLA), is entrusted with the sole legal rights to issue Halal certificates in the country. Moreover, Section 88A of the AMLA act stipulates the guidelines for halal certificates and regulates the holders of halal certificates to abide by the requirements of Muslim laws. The market players are focusing on gaining certification from the accredited authorities, and thereafter striving to strengthen their service portfolio. 

Halal Logistics Market Highlights

• New service and product launches are set to drive market growth. In September 2019, MAB Kargo launched its new halal logistics service after receiving the MS2400-halal certification from Jakim, and in December 2020, FGV Transport Services Sdn Bhd received the Jakim certification under the category of Halal Supply Chain Management System for transportation.

• In September 2020, Nippon Express’ NEX Logistics in Indonesia received the halal certification for Bekasi Logistics Center.

• Based on end-use industry, the food and beverage segment accounted for more than 57% of the overall market revenue share in 2019 and is primarily attributable to the rapid growth in the Muslim population.

• Based on component, the storage segment was leading in 2012 and accounted for more than 60% of the global revenue share. The segment’s growth is driven by the increasing focus on separating halal and non-halal products all through warehousing and transportation processed to avoid contamination.

• The Middle East and Africa (MEA) dominated the global market in 2019, on account of the rising per capita income and the presence of a huge Muslim population-base in the region.

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Halal Logistics Market Segmentation

Grand View Research has segmented the global halal logistics market based on component, end-use industry, and region:

Halal Logistics Component Outlook (Revenue, USD Billion, 2016 – 2027)

    • Storage
        • Warehouse
        • Container
        • Maritime Logistics
        • Air Logistics
        • Land Logistics
    • Monitoring Components
        • Hardware
        • Software
        • Services

Halal Logistics End-use Industry Outlook (Revenue, USD Billion, 2016 – 2027)

    • Food and Beverages
    • Pharmaceuticals
    • Cosmetic/ Personal Care
    • Chemicals
    • Others

Halal Logistics Regional Outlook (Revenue, USD Billion, 2016 – 2027)

    • North America
        • U.S.
        • Canada
        • Germany
        • Russia
        • The U.K.
        • Turkey
    • Asia Pacific
        • China
        • India
        • Malaysia
        • Indonesia
        • Oceania
    • South America
        • Brazil
    • MEA
        • UAE
        • Saudi Arabia
        • Egypt

List of Key Players of Halal Logistics Market

    • Nippon Express
    • TIBA Group
    • TASCO Berhad
    • Kontena Nasional BHD (KNB)
    • MASkargo
    • DB Schenker
    • Al Furqan Shipping & Logistics LLC
    • Northport (Malaysia) BHD
    • HALA
    • Freight Management Holdings Berhad
    • HAVI

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Browse More Related Report:

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Grand View Research, Inc. is an India & U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides customized research reports, syndicated research reports, and consulting services.

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