Exploring the Global Kosher Food Market in 2024: Size Forecast, Growth Prospects, and Market Dynamics

Global kosher food market size is expected to reach $25.02 billion by 2028 at a rate of 4.3%, segmented as by type, buckwheat, seafood.

Aug 22, 2024 - 18:57

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Exploring the Global Kosher Food Market in 2024: Size Forecast, Growth Prospects, and Market Dynamics

The kosher food global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.

Kosher Food Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.

Market Size -
The kosher food market size has grown steadily in recent years. It will grow from $20.32 billion in 2023 to $21.13 billion in 2024 at a compound annual growth rate (CAGR) of 4.0%. The growth in the historic period can be attributed to increase in the populations of jews and muslims, increased retail sales channel penetration, rise in promotion for kosher certified food owing, increased spending by consumers, and increase in demand for healthy

The kosher food market size is expected to see steady growth in the next few years. It will grow to $25.02 billion in 2028 at a compound annual growth rate (CAGR) of 4.3%. The growth in the forecast period can be attributed to increasing use of animal products and the number of vegan consumers, rising popularity of kosher food, increasingly focusing on certification, increasing demand for kosher-certified products worldwide, and rising cases of chronic lifestyle diseases. Major trends in the forecast period include advancements in retail technology, rising demand for allergen-free options, technological advancements, growing health and wellness trend, and advanced technologies such as nanotechnology and 3d printing.

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Scope Of Kosher Food Market

The Business Research Company's reports encompass a wide range of information, including:

1. Market Size (Historic and Forecast): Analysis of the market's historical performance and projections for future growth.

2. Drivers: Examination of the key factors propelling market growth.

3. Trends: Identification of emerging trends and patterns shaping the market landscape.

4. Key Segments: Breakdown of the market into its primary segments and their respective performance.

5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.

6. Macro Economic Factors: Assessment of broader economic elements impacting the market.

Kosher Food Market Overview

Market Drivers -
The growing consumption of meat and dairy products is expected to propel the growth of the kosher food market going forward. The meat and dairy products include the flesh of kosher-slaughtered mammals or birds prepared, and they must not be cooked or eaten with dairy products. Dairy products, including milk, cheese, butter, and yogurt from kosher-slaughtered animals, must also be kept separate from meat according to kosher laws. The demand for meat and dairy products is fueled by increasing population growth and urbanization, rising income levels, changing diets, and cultural and culinary preferences. Kosher dietary laws help manage the consumption and preparation of meat and dairy products by clearly defining rules that prevent their mixing and ensure their purity. These dietary laws help ensure that meat and dairy products are prepared and consumed in a way that aligns with Jewish religious principles. For instance, in 2022, according to a report published by the Food and Agriculture Organization, an Italy-based world data agency, around 350.13 million meat and dairy products were produced worldwide, an increase of 5.2% compared to 2021. Therefore, the growing consumption of meat and dairy products is driving the growth of the kosher food market.

Market Trends -
Major companies operating in the kosher food market focus on innovative products, such as plant-based alternatives, to cater to the growing demand for health-conscious and environmentally friendly options while adhering to strict kosher guidelines. Plant-based kosher foods are products that adhere to kosher dietary laws while mimicking the taste and texture of animal-based foods using only plant ingredients. For instance, in May 2024, Tofurky, a US-based producer of plant-based meat substitutes, launched next-generation plant-based Deli Slices. The roasts are pre-seasoned, ready to heat and serve, and provide a convenient plant-based alternative for kosher consumers seeking to reduce meat consumption. The new products expand Tofurky's existing kosher plant-based offerings, including deli slices, sausages, and grounds.

The kosher food market covered in this report is segmented –
1) By Type: Buckwheat, Seafood, Lamb, Pulses, Other Types
2) By Distribution Channel: Supermarkets And Hypermarkets, Grocery Stores, Online Stores
3) By Application: Culinary Products, Snacks and Savory, Bakery And Confectionery Products, Meat, Beverages Supplements, Dietary

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Regional Insights -
North America was the largest region in the kosher food market in 2023. Asia Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the kosher food market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

Key Companies -
Major companies operating in the kosher food market are Cargill Incorporated, Nestlé S.A., Archer Daniels Midland Company, PepsiCo Inc., BASF SE, Unilever PLC, Tyson Foods Inc., Mars Incorporated, Coca-Cola Company, Danone S.A., The Kraft Heinz Company, Hormel Foods Corporation, The Hershey Company, Hain Celestial Group Inc., Blommer Chocolate Company, Eden Foods Inc., Kayco, Manischewitz Company, Kellogg Company, Kosher Valley LLC, Brooklyn Cookie Company LLC, Ice Chips Candy LLC

Table of Contents
1. Executive Summary
2. Kosher Food Market Report Structure
3. Kosher Food Market Trends And Strategies
4. Kosher Food Market – Macro Economic Scenario
5. Kosher Food Market Size And Growth
…..
27. Kosher Food Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix