Halal Logistics Market Size (2024 - 2029)

Halal Logistics Market Analysis

• The global halal logistics market is valued at USD 305 Billion and is expected to grow at a compound annual growth rate (CAGR) of 7% during the forecast period. Food systems were under unexpected stress as a result of the COVID-19 outbreak, creating various pressing problems. Agricultural output, food processing, transportation and logistics, and final demand have all experienced shocks as a result of Covid-19 at the same time.
• The growing Muslim population increased spending on halal products, and the growing trade of halal food worldwide is collectively contributing to the growth of the market. Over the last few years, the demand for halal-certified products has extended beyond the Muslim community and is gaining increasing acceptance among non-Muslim consumers who relate halal with ethical consumerism and high-quality products.
• Similar to standard logistics, disruption was also felt by halal logistics warehouses across the globe due to COVID-19. Muslim (majority) countries in particular in Asia and the Middle East are further strengthening their halal ecosystems through regulations in the coming years. Countries with considerable Islamic populations such as India, Nepal, Turkey, Indonesia, and Bangladesh are providing stimulus to the manufacturers investing in the food and beverages industry for halal meat and processed food & beverages.
• High certification standards for quality assurance and hygiene control led to the widespread adoption of halal ingredients in food and beverage, althe so healthcare and pharmaceutical sector, which resulted in fostering the growth the of halal logistics market. Japan has a small but fast-growing Muslim population, and as the population grows more demand for Halal products and services is created naturally. Japanese firms not only are getting engaged the in production of Halal produc butts, they are also offeria ng variety of Halal services including Halal logistics.
• With the increase in the number of affluent Islamists, the halal industry has expanded beyond halal food into various lifestyle offerings including halal fashion, hospitality, and travel services, and others. This expansion has been triggered by the change in the mindset of both Islamic & non-Islamic consumers across the globe.
• Recent years have shown that halal integrity issues have become more prominent than before, owing to the complexity of the modern supply chain. Lack of uniformity of halal standards in different nations is a major restraining factor which is expected to hamper the global halal logistics market growth during this forecast period.

Halal Logistics Industry Segmentation

Halal logistics is the process of managing the transportation of food products across the supply chain complying with the Halal standards implemented. This report offers a complete analysis of the Global Halal Logistics Market, including a market overview, market size estimation for key segments and emerging trends by segments, and market dynamics. The report also offers the impact of COVID-19 on the market.

Halal Logistics Market is Segmented By Type (Storage and Inventory Management, Transportation, Other (Monitoring Components, Software, Services, etc.)), By End-User Industry (Food and Beverages, Chemicals, Cosmetic / Personal Care, Pharmaceuticals, and Others), and By Geography (North America, Latin America, Europe, Asia Pacific, and Middle East & Africa). The report offers Global Halal Logistics Market sizes and forecasts in value (USD billion) for all the above segments.