Worldwide, the Muslim population has been growing at nearly 2% each year, nearly double the growth of the overall global population. This has been consequently adding revenues to the products and services designed under the periphery of Islamic laws. 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.
For detailed insights on enhancing your product footprint, request for a sample here – https://www.factmr.com/connectus/sample?flag=S&rep_id=5763
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 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.
For critical insights on this market, request for methodology here – https://www.factmr.com/connectus/sample?flag=RM&rep_id=5763
Key Segments Covered
- By Component
- Storage
- Transportation
- Maritime Halal Logistics
- Air Halal Logistics
- Land Halal Logistics
- Monitoring Components
- Sensors
- By Vertical
- Halal Food and Beverage Logistics
- Halal Pharmaceutical Logistics
- Halal Personal Care & Cosmetics Logistics
- Halal Chemicals Logistics
- Others
For in-depth competitive analysis, buy now – https://www.factmr.com/checkout/5763
Winning Strategy
While halal logistics have already gained a considerable foothold in Muslim-dominated countries, in countries with a more heterogeneous population, providers of halal logistics should evolve a differentiated strategy specifically targeting Islamic associations and groups.
Read More Trending and Similar Reports from Fact.MR – https://www.globenewswire.com/en/news-release/2020/03/03/1994318/0/en/Manufacturers-of-Kids-Furniture-Eying-Profits-in-Theme-Based-Designs-Wood-Furniture-Continues-to-Gain-Significant-Traction-Says-a-New-Fact-MR-Report.html
About Us:
Market research and consulting agency with a difference! That’s why 80% of Fortune 1,000 companies trust us for making their most critical decisions. While our experienced consultants employ the latest technologies to extract hard-to-find insights, we believe our USP is the trust clients have on our expertise. Spanning a wide range – from automotive & industry 4.0 to healthcare & retail, our coverage is expansive, but we ensure even the most niche categories are analyzed. Our sales offices in United States and Dublin, Ireland. Headquarter based in Dubai, UAE. Reach out to us with your goals, and we’ll be an able research partner.
Contact:
US Sales Office:
11140 Rockville Pike
Suite 400
Rockville, MD 20852
United States
Tel: +1 (628) 251-1583
Corporate Headquarter:
Unit No: AU-01-H Gold Tower (AU),
Plot No: JLT-PH1-I3A,
Jumeirah Lakes Towers,
Dubai, United Arab Emirates
Email: sales@factmr.com
Visit Our Website: https://www.factmr.com
