Demand For Halal Logistics Market To Increase From End-Use Industries and Substantially Surge Revenues In Global Market


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 More Insights Into The Market, Request a Sample of this Report – 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.

Share Your Requirements & Get Customized Reports – https://www.factmr.com/connectus/sample?flag=RC&rep_id=5763

Key Segments Covered

  • By Component
    • Storage
      • Warehouses
      • Containers
    • Transportation
      • Maritime Halal Logistics
      • Air Halal Logistics
      • Land Halal Logistics
    • Monitoring Components
      • Hardware
    • Sensors
    • RFID Devices
    • Telematics
    • Networking Devices
      • Software
      • Services
    • Installation and Integration
    • Support & Maintenance
  • By Vertical
    • Halal Food and Beverage Logistics
    • Halal Pharmaceutical Logistics
    • Halal Personal Care & Cosmetics Logistics
    • Halal Chemicals Logistics
    • Others
  • By Region
    • North America
    • Latin America
    • Europe
    • East Asia
    • South Asia
    • Oceania
    • MEA

Buy Now – https://www.factmr.com/checkout/5763

Reasons to choose Fact.MR:

  • Exhaustive research regarding the market to offer A to Z information.
  • Digital technologies to provide innovative business solutions to the clients.
  • 24/7 availability of services.
  • Interaction with suppliers, vendors, and service providers for precise market landscape.
  • Reports tailored as per the requirements of the clients.

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 analysed. 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

 

The post Demand For Halal Logistics Market To Increase From End-Use Industries and Substantially Surge Revenues In Global Market appeared first on The Cloud Tribune.