The Global Demand of Halal Transportation Logistics Market, Growth Analysis, Latest Trends and Forecast till 2031
According to a State of the Global Economy report, the Muslim population is expected to spend US$ 3 Tn by 2021, up from US$ 1.9 Tn in 2015. In the U.S. alone, Muslims have a disposable income of US$ 110 Bn. These statistics indicate a favourable market for halal logistics.
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As per a new report published by Fact.MR, the global halal logistics market is anticipated to exceed a valuation of US$ 280 Bn by 2021, and is expected to expand at an impressive CAGR of close to 9% over the forecast period of 2021 to 2031.
Key Highlights from the Halal Logistics Report :
• Elaborated scenario of the parent market
• Transformations in the Halal Logistics market dynamics
• Detailed segmentation of the target market
• Historical, current and forecast of Halal Logistics market size based on value and volume
• Latest industry developments and Market trends of Halal Logistics
• competitive analysis of Halal Logistics Market
• Strategies adopted by the Halal Logistics market players and product developments made
• Potential and niche segments, along with their regional analysis
• Unbiased analysis on market size of Halal Logistics
• Up-to-date and must-have intelligence for the market players to enhance and sustain their competitiveness
Some of the Halal Logistics Market insights and estimations that make this study unique in approach and effective in guiding stakeholders in understanding the growth dynamics. The study provides:
• Details regarding latest innovations and development in Halal Logistics and how it is gaining customer traction during the forecast period.
• Analysis about the customer demand of the products and how it is likely to evolve in coming years.
• Latest regulations enforced by government bodies and local agencies and their impact on Demand of Halal Logistics Market .
• Insights about adoption of new technologies and its influence on the Halal Logistics market Size.
• Overview of the impact of COVID-19 on Halal Logistics Market and economic disruptions caused by the pandemic.
• Evaluates post-pandemic impact on the Sales of Halal Logistics Market during the forecast period.
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Key Takeaways from Market Study
In 2020, South Asia and East Asia together accounted for over 50% revenue of the global market.
The market in the Middle East and Africa is estimated to expand over threefold from 2021 and 2031.
The storage segment accounted for nearly 60% of market revenue.
The market generated over US$ 168 Bn revenue from food & beverage end use.
The halal logistics market is moderately concentrated, where companies such as Nippon Express, TIBA Group, MASkargo, Yusen Logistics Co., Ltd., and TASCO Berhad account for a majority of the market share.
After reading the Market insights of Halal Logistics Report, readers can:
• Understand the drivers, restraints, opportunities and trends affecting the Sales of market.
• Analyze key regions holding significant share of total Halal Logistics market revenue.
• Study the growth outlook of Halal Logistics market scenario, including production, consumption, history and forecast.
• Learn consumption pattern and impact of each end use & supply side analysis of Halal Logistics market.
• Investigate the recent R&D projects performed by each market player & competitive analysis of Halal Logistics Market Players.
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