Market Size in 2023 | Market Forecast in 2032 | CAGR (in %) | Base Year |
---|---|---|---|
USD 21.63 Billion | USD 28.72 Billion | 3.2% | 2023 |
According to a report from Zion Market Research, the global Kosher Food Market was valued at USD 21.63 Billion in 2023 and is projected to hit USD 28.72 Billion by 2032, with a compound annual growth rate (CAGR) of 3.2% during the forecast period 2024-2032.
This report explores market strengths, weakness, opportunities, and threats. It also provides valuable insights into the market's growth drivers, challenges, and the future prospects that may emerge in the Kosher Food industry over the next decade.
Kosher foods are those types of food that conform to the regulations of “kashrut”—Jewish dietary law, and hence have to undergo various special treatments. Food that can be consumed according to “halakha”—Jewish law—is termed kosher in English, from the Ashkenazi pronunciation of the Hebrew term “kashér”, which means “fit”. On the other hand, food that is not in accordance with Jewish law is known as “treif”, which means “torn”. Numerous foods, dishes, and beverages still possess an extreme significance in various religions. The demand for kosher-certified products has increased vigorously is one of the newest food trends. Additionally, in order to meet the growing demand for kosher foods, various supermarkets and food companies all over the world provide a wide variety of kosher-based products such as juices, pastas, cereals, breads, and others.
Rising disposable income, increasing health expenditure, and rise in promotion for kosher certified food owing to its advantages including chemical free and natural, are significantly influencing the global kosher food market growth. Regional attitudes can have major implications in a global marketplace, making it a challenge to create a standardised set of standards for kosher food. Both natural / cleaner ingredients are more costly and can shorten the product's shelf-life. Moreover, increasing urban population worldwide and changing lifestyle have also impacted the growth of the market and are anticipated to be the major growth drivers in the near future.
The global kosher food market is segmented on the basis of type, application, and distribution channel. Based on the type, the global market is segmented as buckwheat, seafood, lamb, pulses, and others. On the basis of application, the global kosher food market is segmented as culinary products, snacks and savory, bakery & confectionery products, beverages, meat, and dietary supplements. The beverages segment is further sub-segmented as carbonated drinks and non-carbonated drinks. Furthermore, distribution channel is categorized into offline, and online.
Region-wise, the global market is segregated into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
Report Attributes | Report Details |
---|---|
Report Name | Kosher Food Market |
Market Size in 2023 | USD 21.63 Billion |
Market Forecast in 2032 | USD 28.72 Billion |
Growth Rate | CAGR of 3.2% |
Number of Pages | 110 |
Key Companies Covered | AGC Chemicals (Thailand) Co. Ltd., 3F Industrial Limited, AGRANA Starke GmbH, Nectar Lifesciences Ltd., ADM Milling System., Nestle, Unilever, Hayman Limited, and, Glaxosmithkline, among others |
Segments Covered | By Type, By Application, By Distribution Channel And By Region |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA) |
Base Year | 2023 |
Historical Year | 2018 to 2022 |
Forecast Year | 2024 - 2032 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
North America witnessed the highest growth in the global kosher food market. Following this trend, the U.S. anticipated experiencing high demand owing to increased spending by consumers in this region on kosher food products. Furthermore, Europe is expected to be the dominant region in the global kosher food market. However, Asia-Pacific region is predicted to see substantial growth in the future as demand for various forms of kosher food and food rendered by kashrut law increases. Moreover, the Asia-Pacific region has seen a significant rise in the number of millennials, who are the prime consumers of kosher food.
Some main participants of the kosher food market are
By Type
By Application
By Distribution Channel
Kosher Food Market: Regional Segment Analysis
FrequentlyAsked Questions
Increasing awareness among individual regarding health and well-being has increased the demand and availability for various types of kosher food, which is boosting the market growth. Moreover, increasing disposable income, higher spending on health and widespread promotion of kosher certified food due for its advantages, such as free and natural chemicals, triggers the kosher food industry demand.
global Kosher Food Market was valued at USD 21.63 Billion in 2023 and is projected to hit USD 28.72 Billion by 2032, with a compound annual growth rate (CAGR) of 3.2% during the forecast period 2024-2032
The Asia Pacific kosher food market is projected to grow at the fastest CAGR over the forecast period owing to rise in the number of millennials, who are the prime consumers of kosher food.
Some main participants of the kosher food market are AGC Chemicals (Thailand) Co. Ltd., 3 F Industrial Limited, AGRANA Starke GmbH, Nectar Lifesciences Ltd., and ADM Milling System. Other key players influencing the global market are Nestle, Unilever, Hayman Limited, and Glaxosmithkline, among others.
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