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Halal Logistics Market Size

  • Report ID: GMI10562
  • Published Date: Aug 2024
  • Report Format: PDF

Halal Logistics Market Size

Halal Logistics Market size was valued at USD 365 billion in 2023 and is anticipated to grow at a CAGR of over 5% between 2024 and 2032. There is an increasing effort to harmonize Halal standards across different countries and regions. This trend aims to create a more unified framework for Halal certification, making it easier for companies to comply with requirements and trade Halal products internationally.

 

The scope of Halal certification is expanding beyond traditional food products to include cosmetics, pharmaceuticals, logistics services, and other consumer goods. This trend is driven by increasing consumer demand for comprehensive Halal-certified products. For instance, in May 2024, Nippon Express Co., Ltd., a subsidiary of NIPPON EXPRESS HOLDINGS, INC. announced that it has obtained Halal logistics certification from the Nippon Asia Halal Association (NAHA) for its Fukuoka Chuo Logistics Center at the Fukuoka Air Service Branch.
 

The growing halal food market necessitates an increase in Halal logistics services to ensure that products are transported, stored, and handled according to Halal standards. As more food products require Halal certification, the logistics industry must adapt to meet these specific requirements. This includes ensuring that Halal products are not contaminated with non-Halal items (haram) at any stage of the supply chain, from processing to distribution.
 

Halal logistics providers must ensure that all stages of the supply chain comply with Halal certification requirements. This has led to the adoption of advanced technologies, such as blockchain and RFID, to monitor and document the movement and handling of Halal products. Enhanced traceability ensures transparency and builds trust among consumers and regulatory bodies, reinforcing the credibility of Halal certification.
 

Maintaining the segregation of Halal and non-Halal products throughout the supply chain is crucial to prevent contamination and uphold Halal integrity. This segregation requires careful planning and implementation, including dedicated storage facilities, transportation vehicles, and handling procedures. Any lapses in segregation can lead to contamination, which not only compromises the Halal status of the products but also risks regulatory non-compliance and damage to the company's reputation.

Authors: Suraj Gujar, Rutvij Kshirsagar

Frequently Asked Questions (FAQ) :

The market size of halal logistics reached USD 365 billion in 2023 and is set to witness over 5% CAGR between 2024 and 2032, due to the increasing efforts to harmonize Halal standards across different countries and regions.

The halal logistics industry from the storage segment is expected to reach over USD 300 billion by 2032, owing to the growing trend of establishing dedicated Halal warehouses that exclusively handle Halal products.

North America market size may reach USD 220 billion by 2032, led by the presence of a well-developed logistics infrastructure, which supports the efficient handling and distribution of Halal goods.

Nippon Express Co., Ltd, TIBA Group, YUSEN LOGISTICS CO., LTD., SEJUNG SHIPPING CO., LTD., DB Schenker, Al Furqan Shipping & Logistics LLC, and Northport (Malaysia) BHD.

Halal Logistics Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 22
  • Tables & Figures: 336
  • Countries covered: 22
  • Pages: 220
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