USD 38.72 billion
Report ID: SQMIG30I2188 | Region: Global | Published Date: February, 2024 | Pages: 157 | Tables: 95 | Figures: 76
Kosher Food Market size was valued at USD 38.72 billion in 2021 and is poised to grow from USD 41.2 billion in 2022 to USD 67.67 billion by 2030, growing at a CAGR of 6.4% in the forecast period (2023-2030).
Food products that adhere to Jewish law's kashrut rules are considered kosher. Pasta, bread, cereals, juices, and other food are among the many products that can be found in the kosher food section. Additionally, kosher-certified food items are particularly well-liked by both Jewish and non-Jewish communities worldwide.
In the forecast period, increasing disposable income and healthcare costs are two major factors expected to boost the growth of the market. Furthermore, the expanding business is being fueled by an increase in demand for healthy, high-quality food brought on by urbanisation and a growing working population. Additionally, it is predicted that a rise in the popularity of kosher cuisine among consumers who are health aware will restrain the market's growth.
On the other hand, it is further anticipated that the use of animal products and the rise in vegan consumers will restrain the growth of the kosher food market throughout the forecast period. The future expansion of the market, however, may be further hampered by the lack of specialists who can prepare these foods and the friction it causes among the many religions.
US Kosher Food Market is poised to grow at a sustainable CAGR for the next forecast year.
Global Market Size
USD 38.72 billion
Supermarkets and Hypermarkets
Supermarkets and Hypermarkets
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Global Kosher Food market is segmented on the basis of Type, Application, Distribution Channel, and region. By Type, the market is segmented into Buckwheat, Seafood, Lamb, Pulses, and others. By Application, the market is segmented into Culinary Products, Snacks and Savory, Bakery and Confectionery Products, Meat, Beverages Supplements, and Dietary. By Distribution Channel, the market is segmented into Supermarkets and Hypermarkets, Grocery Stores, and Online Stores. By region, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
Kosher Food Market Analysis by Application
The meat category dominated the global market in 2021. The rapid growth of the kosher meat sector has been facilitated by the simple availability of kosher meat products across a variety of supply channels. The market is growing as a result of non-Jewish consumers consuming kosher meat, which is being targeted for commercial expansion by a number of private label providers. Under the category, the bakery and confectionery product sectors are anticipated to register high CAGR throughout the projection period. Rolls, wraps, sandwiches, bread, nachos, crackers, chips, gushers, and peanut butter all are only a kind of the savory and snack food. Flour is typically used to create baked goods and confectioneries like muffins, pies, pastries, and cookies. Emerging and new market players, along with different food items, are the factors driving the growth of these segments.
Kosher Food Market Analysis by Distribution Channel
In 2021, the category of supermarkets and hypermarkets, which accounts for around three-fifths of the global kosher food market, held the dominant share. The category is growing as a result of increased retail sales channel penetration in emerging nations and the accessibility of numerous brands of kosher-certified goods. Online would concurrently experience the fastest CAGR of 6.1% during the anticipated period. Global internet usage is on the rise, which is driving market growth.
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North America dominated the global kosher food market. Numerous kosher ingredient types have gained more momentum in North America as a result of the growing demand from the food and beverage industry. The rise in per capita income and the percentage of internet users are just two online and significant macroeconomic elements that have an impact on the overall expansion of the market.
The demand for various kinds of kosher food and foods produced in accordance with kashrut law, however, is predicted to grow substantially in Asia-Pacific in the future. Additionally, the Asia-Pacific region has seen a significant increase in millennials, who are the main consumers of kosher cuisine. Therefore, the market is expected to have profitable opportunity growth as the millennial population is growing.
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Kosher Food Market Drivers
Demand for Kosher Foods Driven by Ageing Urban Population and Evolving Lifestyles
Growing Consumption of Meat and Dairy Products
Kosher Food Market Restraints
Increasing Use of Animal Products and the Number of Vegan Consumers
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The kosher food market's competitive landscape gives data per competitor. The information includes information about the company's finances, revenue generated, market potential, R&D investments, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, and application dominance. Only the companies' market focus on kosher foods is included in the data that has been presented.
Kosher Food Market Top Player’s Company Profiles
Kosher Food Market Recent Developments
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates and Analyses the Data collected by means of Primary Exploratory Research backed by the robust Secondary Desk research.
According to global kosher food market analysis, the expanding business is being fueled by an increase in demand for healthy, high-quality food brought on by urbanisation and a growing working population. The meat category dominated the global market in 2021. The rapid growth of the kosher meat sector has been facilitated by the simple availability of kosher meat products across a variety of supply channels. North America dominated the global market. Numerous kosher ingredient types have gained more momentum in North America as a result of the growing demand from the food and beverage industry.
|Market size value in 2021
|USD 38.72 billion
|Market size value in 2030
|USD 67.67 billion
|Forecast Unit (Value)
|North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA)
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Parent Market Analysis
KEY MARKET INSIGHTS
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the Global Kosher Food Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Global Kosher Food Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
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Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
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