NEW YORK, United States, July 28, 2024 (GLOBE NEWSWIRE) — The global kosher food market size is expected to reach USD 73.51 billion by 2033 from USD 40.61 billion in 2023, growing at a compound annual growth rate (CAGR) of 6.11% during the forecast period.
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Kosher foods are foods that follow the rules of kashrut, the Jewish dietary laws that require special treatment. Foods that comply with halakha, Jewish law, are called kosher, a term derived from the Ashkenazi pronunciation of the Hebrew word kasher, meaning “conformity.” Meanwhile, foods that do not follow Jewish law are called trekh, meaning “torn.” The growth of the kosher market is driven by continued innovation in kosher-certified products, which now include alternative ingredients, flavors, and dishes that appeal to a wide range of consumer tastes. Companies are developing kosher-certified plant-based meat substitutes to meet the demands of health-conscious and environmentally conscious consumers. In addition, the introduction of kosher-certified dishes that incorporate exotic spices and global cuisines is attracting adventurous foodies, expanding the market beyond traditional cuisines and drawing in new consumers. The inclusivity of kosher-certified products that meet diverse dietary requirements is another key growth driver. Kosher options ensure the purity of ingredients for people with allergies, and the growing popularity of plant-based diets is consistent with kosher principles, further expanding the market. This convergence of dietary needs makes kosher foods more attractive to a wider range of health-conscious consumers, helping to expand the market. However, kosher-certified foods often come with high costs due to strict requirements, which in turn raise prices and potentially discourage budget-conscious consumers, limiting market reach.
Browse key industry insights across 253 pages with 110 market data tables and figures in the report “Global Kosher Food Market Size, Share, COVID-19 Impact Analysis, By Type (Pareve, Seafood, Lamb, Others), By Application (Culinary Products, Snacks & Savory, Bakery & Confectionery Products, Meat, Beverages, Dietary Supplements), By Distribution Channel (Supermarkets & Hypermarkets, Grocery Stores, Online Stores), By Region (North America, Europe, Asia Pacific, Latin America, Middle East & Africa), Analysis and Forecast 2023-2033”
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The pareve segment will dominate the market, accounting for the largest market share in the kosher food market during the forecast period.
By type, the kosher food market is categorized into pareve, seafood, lamb, and others. Of these, the pareve segment dominates the market, accounting for the largest market share in the kosher food market during the forecast period. The growing popularity of kosher pareve certified products is contributing significantly to the growth of the segment. This trend is driven by people seeking versatile food options that cater to dietary restrictions. Moreover, the growing demand for high-quality natural foods, including gluten-free options, is expected to further increase the demand for kosher food.
The meat segment is expected to grow at the fastest pace within the kosher food market during the forecast period.
Based on application, the kosher food market is classified into culinary products, snacks & savouries, bakery & confectionery products, meat, beverages, and dietary supplements. Of these, the meat segment is expected to grow at the fastest pace in the kosher food market during the forecast period. Meat has emerged as a key growth driver in the kosher food market owing to its cultural, religious, and culinary importance. The meticulous kosher slaughtering process, called shechta, ensures compliance with Jewish dietary laws, enhancing its appeal among observant Jews. Moreover, meat occupies a central place in traditional Jewish meals and festivals, sustaining a consistent demand.
The supermarket and hypermarket segment is expected to grow at the fastest pace in the kosher food market during the forecast period.
Based on distribution channel, the kosher food market is categorized into supermarkets and hypermarkets, grocery stores, and online stores. Of these, the supermarkets and hypermarkets segment is expected to grow at the fastest pace in the kosher food market during the forecast period. Supermarkets and hypermarkets play a key role in driving the growth of the kosher food market. Their extensive reach, diverse product offerings, and convenience have made kosher products accessible to a wider consumer base. These retailers have a global presence, ensuring that kosher products are available in both domestic and international markets, catering to the needs of Jewish communities across the globe.
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North America is expected to account for the largest share of the kosher food market during the forecast period.
North America is expected to account for the largest share of the kosher food market during the forecast period. Fueled by a diverse population including a large Jewish community that supports the demand for kosher food reflecting both dietary and cultural preferences, North America is a key driver of market growth. Wide availability of kosher certified products in mainstream supermarkets and specialty stores across the continent has increased the reach of the market by making it more accessible for both Jewish and non-Jewish consumers. Moreover, active efforts by food manufacturers and producers to obtain kosher certification are positively impacting the outlook for the kosher food market in the region.
Asia Pacific is projected to grow at the fastest pace in the kosher food market during the forecast period. The demand for a variety of kosher foods and products that comply with kashrut laws is expected to grow significantly in the Asia Pacific region in the near future. This growth is particularly driven by the increasing number of millennials who are embracing kosher cuisine due to its health benefits, ethical considerations, and alignment with their culinary preferences. As this demographic expands, so will the interest in kosher food, creating promising opportunities for market growth.
Competitive Analysis:
The report provides a proper analysis of the key organizations/companies involved in the global market and a comparative assessment based mainly on product offerings, business overview, geographical presence, corporate strategies, segment market share, and SWOT analysis. The report also provides a detailed analysis focusing on the current news and developments of the companies, such as product development, innovation, joint ventures, partnerships, mergers & acquisitions, and strategic alliances. This allows for an assessment of the overall competition within the market. The key vendors in the kosher food market are Nestle SA, ConAgra Foods, Inc., General Mills, Inc., PepsiCo Inc., Kellogg Company, Kraft Heinz Company, Tyson Foods, Inc., Mars, Inc., Unilever Inc., Hormel Foods, Inc., The Hershey Company, The Coca-Cola Company, Archer Daniels Midland Company, Cargill Inc., Danone SA, Manischewitz Company, Hein Celestial Group, Inc., Eden Foods, Inc., Kosher Valley LLC, Keiko Corporation, and others.
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Key Market Trends
In March 2022, Prairie Street Prime will begin delivering kosher meat, expanding its service beyond the areas where it already delivers premium kosher beef, including Palm Beach, New York City and Beverly Hills, California.
Market Segments
The study forecasts revenue at global, regional and country levels from 2020 to 2033. Spherical Insights segments the global kosher food market based on the following segments:
Global Kosher Food Market, by Type
Global Kosher Food Market, by Application
Prepared Products Snacks and Savory Foods Bakery and Confectionery Products Meat Beverages Dietary Supplements
Global Kosher Food Market by Distribution Channel
Supermarkets and Hypermarkets Grocery Stores Online Stores
Global Kosher Food Market, Regional Analysis
North America Europe Germany UK France Italy Spain Russia Rest of Europe Asia Pacific China Japan India South Korea Australia Rest of Asia Pacific South America Brazil Argentina Rest of South America Middle East and Africa United Arab Emirates Saudi Arabia Qatar South Africa Rest of Middle East and Africa
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