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Halal Logistics Market Is Forecasted To Reach US$ 528.2 Billion By 2033

02-23-2024 09:52 AM CET | Advertising, Media Consulting, Marketing Research

Press release from: Fact.MR

Halal Logistics Market Is Forecasted To Reach US$ 528.2 Billion

The global halal logistics market is poised for steady growth, with a projected compound annual growth rate (CAGR) of 5.1%. It is anticipated to surge from a valuation of US$ 321.2 billion in 2023 to US$ 528.2 billion by 2033. Notably, halal product storage commands a significant 60% share of the global market.

Ensuring the proper sorting of halal products during warehousing is crucial to align upstream and downstream logistics with halal regulations. Starting from storage facilities, products traverse the supply chain, with halal compliance ensuring that both the product and its packaging are halal-certified.

๐ƒ๐จ๐ฐ๐ง๐ฅ๐จ๐š๐ ๐’๐š๐ฆ๐ฉ๐ฅ๐ž ๐‚๐จ๐ฉ๐ฒ ๐จ๐Ÿ ๐“๐ก๐ข๐ฌ ๐‘๐ž๐ฉ๐จ๐ซ๐ญ:
https://www.factmr.com/connectus/sample?flag=S&rep_id=5763

The term "logistics" encompasses the movement of products and information between suppliers and recipients, encompassing warehousing and transportation to ensure efficient and successful delivery. When this process adheres to halal standards in purchasing, shipping, storing, and processing raw materials, animals, and finished goods, it is termed "halal logistics."

Beyond halal food, the halal sector now encompasses a wide array of lifestyle products and services, including halal hair care, clothing, and hospitality. With the expansion of the Muslim population, spending on halal items has increased. Notably, the global halal food trade is expected to outpace the growth rate of the overall halal logistics sector.

๐†๐ซ๐จ๐ฐ๐ญ๐ก ๐“๐ซ๐ž๐ง๐๐ฌ:

Rising Demand for Halal Products: With the increasing Muslim population globally and a growing awareness of halal principles among non-Muslim consumers, there's a rising demand for halal-certified products across various sectors, including food, cosmetics, pharmaceuticals, and logistics.

Expansion of Halal Certification: The proliferation of halal certification bodies and standards worldwide has facilitated the growth of the halal logistics market. More companies are seeking halal certification for their products and logistics processes to tap into this expanding market segment.

Focus on Halal Compliance: Halal logistics providers are placing greater emphasis on ensuring halal compliance throughout the supply chain, from sourcing and manufacturing to storage and distribution. This includes implementing strict protocols for handling, storing, and transporting halal products to maintain their integrity and meet regulatory requirements.

Technological Advancements: The adoption of technology in halal logistics is enhancing efficiency, transparency, and traceability in the supply chain. Technologies such as blockchain, IoT (Internet of Things), and RFID (Radio Frequency Identification) are being utilized to track halal products from production to consumption, ensuring authenticity and halal compliance.

E-commerce and Online Retail: The growth of e-commerce and online retail platforms has opened up new opportunities for halal logistics providers. Consumers are increasingly purchasing halal products online, driving the need for efficient logistics solutions to fulfill orders and deliver products to customers' doorsteps.

Globalization of Halal Trade: The globalization of halal trade is fueling the expansion of the halal logistics market beyond traditional Muslim-majority countries. Halal products are now being exported and imported across borders, necessitating robust logistics infrastructure and services to facilitate international trade.

Investments in Infrastructure: Governments and private sector entities in Muslim-majority countries are investing in the development of halal logistics infrastructure, including halal-certified warehouses, cold storage facilities, and transportation networks. This infrastructure development supports the growth of the halal logistics market and enhances the efficiency of halal supply chains.

Consumer Awareness and Preferences: As consumers become more informed about halal principles and seek products that align with their religious and ethical beliefs, there is a growing preference for halal-certified brands and products. This trend is driving companies to prioritize halal logistics to meet consumer demand and gain a competitive edge in the market.

๐Š๐ž๐ฒ ๐‚๐จ๐ฆ๐ฉ๐š๐ง๐ข๐ž๐ฌ ๐๐ซ๐จ๐Ÿ๐ข๐ฅ๐ž๐

โ€ข DB Schenker
โ€ข Hala Group
โ€ข HAVI Logistics
โ€ข Tasco
โ€ข TIBA Group
โ€ข Al Furqan Shipping & Logistics LLC
โ€ข dnata
โ€ข Yusen Logistics Co., Ltd.
โ€ข Freight Management Holdings Bhd
โ€ข Kontena Nasional Berhad
โ€ข MASkargo
โ€ข Nippon Express

๐‚๐จ๐ฆ๐ฉ๐ž๐ญ๐ข๐ญ๐ข๐ฏ๐ž ๐€๐ง๐š๐ฅ๐ฒ๐ฌ๐ข๐ฌ:

Key market players are focusing on pricing trends, quality control, product standards, new developments, and supply chain management to increase their market share. Leading businesses are actively investing in the creation of new halal-certified food products to expand their product lines.

For instance :
โ€ข In March 2021, Nippon Express launched halal air cargo in Japan for its domestic cargo transport services. This service will be linked to its Express Hi-Speed domestic air cargo transport service and will provide logistics services to around 200,000 Muslims in Japan.
โ€ข In April 2021, dnata, a provider of air services, received ISO 9001:2015 certification for cargo handling services, including an award for halal certification by Majlis Ugama Islam Singapura (MUIS). This certification is offered for its special storage room in its Coolchain facility.

๐Š๐ž๐ฒ ๐’๐ž๐ ๐ฆ๐ž๐ง๐ญ๐ฌ ๐จ๐Ÿ ๐‡๐š๐ฅ๐š๐ฅ ๐‹๐จ๐ ๐ข๐ฌ๐ญ๐ข๐œ๐ฌ ๐ˆ๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ฒ ๐‘๐ž๐ฌ๐ž๐š๐ซ๐œ๐ก

โ€ข By Component :
o Storage
๏‚ง Warehouses
๏‚ง Containers
o Transportation
๏‚ง Maritime Halal Logistics
๏‚ง Air Halal Logistics
๏‚ง Land Halal Logistics
o Monitoring Components
๏‚ง Hardware
๏‚ง Sensors
๏‚ง RFID Devices
๏‚ง Telematics
๏‚ง Networking Devices
๏‚ง Software
๏‚ง Services
๏‚ง Installation and Integration
๏‚ง Support & Maintenance

โ€ข By Vertical :
o Food and Beverages
o Pharmaceuticals
o Personal Care & Cosmetics
o Chemicals
o Others

โ€ข By Region :
o North America
o Europe
o Asia Pacific
o Latin America
o Middle East & Africa

๐‘๐ž๐š๐ ๐Œ๐จ๐ซ๐ž: https://www.factmr.com/report/halal-logistics-market

๐Œ๐จ๐ซ๐ž ๐‘๐ž๐ฅ๐š๐ญ๐ž๐ ๐‘๐ž๐ฉ๐จ๐ซ๐ญ:

Halal Hair Care Market: https://www.factmr.com/report/416/halal-hair-care-market

Premium Cosmetics Market: https://www.factmr.com/report/4489/premium-cosmetics-market

Mass Beauty & Personal Care Products Market: https://www.factmr.com/report/82/mass-beauty-personal-care-products-market

๐‚๐จ๐ง๐ญ๐š๐œ๐ญ:
US Sales Office :
11140 Rockville Pike
Suite 400
Rockville, MD 20852
United States
Tel: +1 (628) 251-1583
E-Mail: sales@factmr.com

๐€๐›๐จ๐ฎ๐ญ ๐…๐š๐œ๐ญ.๐Œ๐‘
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