Halal Logistics Market Size Demand, Growth, Trend, Business Opportunities, Manufacturers and Research Methodology by 2032

Logistics refers to movement of goods and information between recipient and provider. Logistics includes warehousing and transportation, which are undertaken by logistics providers to achieve efficient and effective delivery. Halal logistics is defined as the process of purchasing, moving, storing and processing raw materials, part of livestock and finished products (including food and non-food) through supply chain as per the halal standards. The halal industry has expanded beyond halal food into various lifestyle offerings including halal hospitality, fashion, and travel services. Rise in the Muslim population has increased spending on halal products and increase in global halal food trade is expected to accelerate growth of the global halal logistics market.

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Top Impacting Factors

Increase in purchasing power of Muslim consumers and quality is a key factor accelerating the market growth.

Lack of uniformity of halal standards and regulation in different nations is a major factor expected to hamper the global halal logistics market growth

Increase in international trade activities in rising economies, rise in trade-related contracts, and worldwide logistics infrastructure, as well as development of information technology and transportation areas are opportunities for the halal logistics market.

Halal standards and regulations

Strict regulations and standard guidelines are developed by Muslim communities around the world. For instance, Administration of Muslim Law Act (AMLA), is assigned with single legal rights to issue Halal certificates in Singapore. Section 88A of the AMLA act specifies guidelines for issuance of halal certificates and regulate holders of halal certificates to comply with requirements of the Muslim law. Halal logistics service providers are focusing on obtaining certification from relevant local authorities, and service providers can only get a certificate if certain conditions are met, which hinders growth of the halal logistics market. For instance, 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. Moreover, In September 2020, Nippon Express' NEX Logistics in Indonesia received the halal certification for Bekasi Logistics Center.

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However, malpractice of export of meat to middle eastern countries has severely affected legality of halal products imported from non-Muslim countries. This puts severe pressure on halal logistics service providers to ensure that products transported and stored comply with established halal standards and guidelines. Further, lack of uniformity of halal standards and regulation in different countries is the main constraint, which is expected to hinder growth of the global halal logistics market.

By Component

Storage
Transportation
Monitoring Components
Software
Services

Key Market Players
Kontena Nasional Berhad, DB Schenker, TASCO Berhad, MASkargo, Nippon Express, Northport, Hala SCS Solutions., SEJUNG SHIPPING CO., LTD., TIBA, Al Furqan Shipping & Logistics LLC, YUSEN LOGISTICS CO., LTD

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Key benefits of the report:

This study presents the analytical depiction of the halal logistics industry along with the current trends and future estimations to determine the imminent investment pockets.
The report presents information related to key drivers, restraints, and opportunities along with challenges of the halal logistics market.
The current market is quantitatively analyzed to highlight the halal logistics market growth scenario.
The report provides a detailed halal logistics market analysis based on competitive intensity and how the competition will take shape in coming years.

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