Sales Of Halal Logistics Are Slated To Ascend At A Healthy CAGR Of Close To 9% By 2031

The most recent analysis from the highly regarded market research consulting company Fact.MR on the worldwide halal logistics industry predicts significant growth through 2021 and beyond. Halal logistics market growth is anticipated to be mostly supported by rising demand for halal food items among the Islamic population within the food & beverage industry for the remainder of the current fiscal year.

In the past, the market had significant growth, increasing at a CAGR of more than 6.5% between 2016 and 2020. The rise in the number of wealthy Muslims, the rising demand for halal meat and processed foods, and the rising costs of halal warehousing and transportation logistics were the main drivers of the halal logistics sector.

𝗗𝗼𝘄𝗻𝗹𝗼𝗮𝗱 𝗮 𝗙𝗿𝗲𝗲 𝗦𝗮𝗺𝗽𝗹𝗲 𝗖𝗼𝗽𝘆 𝗼𝗳 𝗧𝗵𝗶𝘀 𝗥𝗲𝗽𝗼𝗿𝘁: https://www.factmr.com/connectus/sample?flag=S&rep_id=5763?PS

Bangladesh, India, Nepal, Turkey, Indonesia, and other nations with sizable Muslim populations are encouraging manufacturers to participate in the food and beverage sector for halal meat and processed foods & drinks. The survey found that South Asia made up 30% of the world's halal transportation logistics business as a result of the substantial demand for halal meat in the food and beverage sector. These elements are anticipated to propel the halal logistics market forward at a CAGR of over 9% through 2031.

"According to the Fact.MR analysis, the market generated over US$ 168 Bn from food and beverages industry due to the surge in number of halal warehousing and halal meat consumption across the globe," says a Fact.MR analyst.

𝗞𝗲𝘆 𝗧𝗮𝗸𝗲𝗮𝘄𝗮𝘆𝘀

• In terms of component, storage accounts for 60% of the halal logistics revenue share

• Food and beverage end-use industry to hold over half of the total market share through 2021

• South Asian countries such as India, Nepal, Bangladesh and many more to account for the largest market for halal logistics

• Indonesia to emerge as the potential market for the halal logistics through 2031

• Being a muslim dominant country, Turkey is poised to reach double digit value by 2031-end

• Transportation component to emerge as the second largest segment for halal logistics market

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https://www.factmr.com/connectus/sample?flag=RC&rep_id=5763?PS

𝗖𝗼𝗺𝗽𝗲𝘁𝗶𝘁𝗶𝘃𝗲 𝗟𝗮𝗻𝗱𝘀𝗰𝗮𝗽𝗲

Al Furqan Shipping & Logistics LLC, DB Schenker, HALA, HAVI, dnata, Yusen Logistics Co. Ltd., Freight Management Holdings Berhad, Kontena Nasional BHD, MASkargo, Northport BHD, Nippon Express, SEJUNG Shipping Co. Ltd., TASCO Berhad and TIBA Group among others. Expansion of existing product portfolios, strategic mergers and acquisitions, and capacity expansion are some of the important growth strategies adopted by some of the aforementioned players.

For instance, in October 2020, dnata announced to be the first one ever to offer fully integrated, temperature-controlled cool chain for temperature sensitive goods between cargo warehouses and aircraft.

Likewise, on 16th March 2021, Nippon express announced the expansion of growing market of muslim and non-muslims consumers attracted to halal's law across Japan.

𝗠𝗼𝗿𝗲 𝗩𝗮𝗹𝘂𝗮𝗯𝗹𝗲 𝗜𝗻𝘀𝗶𝗴𝗵𝘁𝘀 𝗼𝗻 𝗛𝗮𝗹𝗮𝗹 𝗹𝗼𝗴𝗶𝘀𝘁𝗶𝗰𝘀 𝗺𝗮𝗿𝗸𝗲𝘁

In its latest offering, Fact.MR provides a detailed insight on global halal logistics market. The study divulges essential insights on halal logistics market on the basis of component (storage, transportation, monitoring components, air logistics and land logistics), vertical (food & beverages, pharmaceuticals, personal care & cosmetics, chemicals and others), and across major regions of the world (North America, Latin America, Europe, East Asia, South Asia, Oceania and MEA).

𝗚𝗲𝘁 𝗙𝘂𝗹𝗹 𝗔𝗰𝗰𝗲𝘀𝘀 𝗼𝗳 𝗖𝗼𝗺𝗽𝗹𝗲𝘁𝗲 𝗥𝗲𝗽𝗼𝗿𝘁:
https://www.factmr.com/checkout/5763?PS

𝗞𝗲𝘆 𝗤𝘂𝗲𝘀𝘁𝗶𝗼𝗻𝘀 𝗖𝗼𝘃𝗲𝗿𝗲𝗱 𝗶𝗻 𝘁𝗵𝗲 𝗥𝗲𝗽𝗼𝗿𝘁

• What are the key trends and opportunities expected to prevail halal logistics market?
• Which region is leading the halal logistics market?
• How is demand for halal logistics market rising?
• Which vertical for halal logistics market will create lucrative growth opportunities?
• What are the key challenges faced by halal logistics manufacturers?
• What is the impact of Covid-19 on halal logistics market?

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This release was published on openPR.