The kosher food market has steadily grown, increasing from $20.32 billion in 2023 to $21.13 billion in 2024, with a CAGR of 4.0%. This growth is driven by rising Jewish and Muslim populations, expanded retail channels, promotion of kosher-certified foods, increased consumer spending, and a demand for healthier options. The market is projected to reach $25.02 billion by 2028 at a CAGR of 4.3%, propelled by the rising use of animal products, the growth of vegan consumers, the popularity of kosher foods, a focus on certification, and increasing chronic lifestyle diseases. Key trends include advancements in retail technology, demand for allergen-free options, innovations in health and wellness, and technologies such as nanotechnology and 3D printing.
Major Driver In The Kosher Food Market
The kosher food market is projected to grow with the rising consumption of meat and dairy products. Kosher laws dictate that meat and dairy products be kept separate and follow specific dietary principles. Increased population growth, urbanization, and rising incomes drive the demand for meat and dairy products. The Food and Agriculture Organization reported global production of meat and dairy products reached 350.13 million units in 2022, a 5.2% increase from 2021. This rising consumption is expected to propel the growth of the kosher food market.
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Kosher Food Market Competitive Landscape
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
Key Kosher Food Market Trend
Companies in the kosher food market are innovating with plant-based alternatives to meet the growing demand for health-conscious and environmentally friendly options while adhering to kosher guidelines. Plant-based kosher foods mimic the taste and texture of animal-based foods using only plant ingredients. For example, in May 2024, Tofurky, a US-based producer of plant-based meat substitutes, launched next-generation plant-based Deli Slices. These roasts are pre-seasoned, ready to heat and serve, providing a convenient option for kosher consumers looking to reduce meat consumption. The new products expand Tofurky's kosher offerings, including deli slices, sausages, and grounds.
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Kosher Food Market Segmentation
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
By Geography:The regions covered in the kosher food market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
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 Kosher Food Global Market Report 2024 furnishes information about the global kosher food market, encompassing details like market size, projections for growth, segmentation across various sectors and regions, and an overview of competitors, including their revenues, profiles, and market shares. Furthermore, the report pinpoints potential opportunities and strategic directions derived from market trends and the strategies adopted by key competitors. The report also offers an assessment of how the COVID-19 pandemic, the Russia-Ukraine conflict, and increasing inflation have affected both global and regional markets, furnishing valuable strategic insights for businesses.
