According to a recent analysis published by Fact.MR, the global Halal Transportation Logistics industry is estimated to reach a value of US$ 280 billion by 2021, with a CAGR of over 9% from 2021 to 2031.
The Muslim population has been expanding at a rate of roughly 2% each year worldwide, nearly double that of the global population. As a result, revenue has been added to items and services created on the outskirts of Islamic law. According to a projection from the State of the Global Economy, by 2021, the Muslim population would have spent US$ 3 trillion, up from US$ 1.9 trillion in 2015.
Halal Transportation Logistics Market: Key Takeaways
- South Asia and East Asia together will account for more than half of worldwide market sales in 2020.
- Between 2021 and 2031, the Middle East and Africa market is expected to triple in size.
- Nearly 60% of market revenue was generated by the storage segment.
- Food and beverage end use produced approximately US$ 168 billion in revenue for the market.
“Halal certified products do not fall under the scope of Halal Transportation Logistics, and the latter has more value – this clarity to Muslim consumers could be essential in driving widespread adoption of Halal Transportation Logistics,” a Fact.MR analyst adds.
What are the Key Opportunities for Halal Transportation Logistics Providers?
Employee motivation in the halal storage logistics industry is still a critical aspect in the company’s success. Repeat business can be a source of consumer satisfaction for Halal Transportation Logistics industry players. Furthermore, creating a Halal Transportation Logistics framework with a specified marketing mix has the potential to increase consumer trust in halal operations, resulting in a growing market.