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2020
Kosher Food Market

Kosher Food Market

by Product Type (Culinary Products, Snacks & Savory, Bakery & Confectionery Products, Meat, and Others), and Distribution Channel (Supermarkets & Hypermarket, Grocery Stores, and Online Stores): Global Opportunity Analysis and Industry Forecast 2019-2026
Update Available On-Demand

Report Code: A06022
Pages: 235
Feb 2020 | 12931 Views
Author(s) : Aniket K , Roshan D
Tables: 98
Charts: 72
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The kosher food market size was valued at $19.1 billion in 2018, and is projected to reach $25.6 billion by 2026, growing at a CAGR of 3.7% from 2019 to 2026.

Kosher food products are those products that abide by the rules and regulations of Jewish law kashrut. A versatile range of kosher food products is available in the kosher food market including pasta, bread, cereals, juices, and others. In addition, kosher certified food products are very popular especially among the Jewish and non-Jewish communities across the globe. kosher animals (exception of fish) may be eaten only when they have been ritually slaughtered in accordance with the Jewish food laws. The Kashrut law exerts strict regulations for separation between meat and dairy products. Products that contain neither meat nor milk are described as Parve. Neutral foods/Parve can be eaten together with both dairy dishes and meaty dishes.

Kosher Food Market

Surge in disposable income, improvement in living standard, rise in health expenditure, and large scale promotion of kosher certified food owing to its benefits, such as chemical free and natural, supplements the of the kosher food market growth. Further, there is an increase in the demand for nutritional and quality food due to rise in urbanization, and increase in working population. Products such as, frozen meals, packaged snacks, dairy products, soft drinks, energy drinks, and baked food are an integral part of daily life, and manufacturers are taking efforts to make these items kosher certified. The demand for food ingredients that are certified as kosher is expected to rise as these food contain various new flavors and natural preservatives to increase the shelf life of the products, maintain the quality, and reduce spoilage by various microorganisms. Consumers are demanding addition of kosher food in these daily life products. It is proving to be a driving factor for the kosher food market forecast.

Rise in adoption of kosher food by health conscious consumers, vegetarian consumers, non-Jewish population, and patients with celiac disorders, and lactose intolerance is further expected to drive the growth of the kosher food market. Number of kosher food manufacturers that are focusing on gluten-free certification is experiencing continuous growth owing to high demand from consumer  with gluten and lactose intolerance.

In a global marketplace, regional attitudes can have major implications, making it a challenge to establish a universal set of standards for kosher food. All natural/cleaner ingredients are more expensive, and they potentially shorten the shelf life of the product.

The countries in Asia-Pacific and LAMEA have witnessed substantial economic growth over the past few years. This has increased the number of working people. This has affected the number of people who invest time in cooking food, thus boosting the demand for ready to eat kosher foods.

Kosher Food Market
By Product Type

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Others segment would exhibit the highest CAGR of 5.30% during 2019-2026.

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The global kosher food market is segmented by product type,  distribution channel, and region. Depending on product type, the market is categorized into culinary products, snacks and savory, baker and confectionery products, meat, and others. Among these, the meat segment accounted for a higher value of kosher food market share in 2018 owing to surge in demand for kosher certified frozen meat products from various consumers in all the regions.

Kosher Food Market
By Distribution Channel

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Online Stores segment would exhibit the highest CAGR of 6.10% during 2019-2026.

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North America and Europe dominate the kosher food market. North America has witnessed higher rate of traction for different types of kosher ingredients owing to their increased demand from the food & beverage industry. Some of the key macroeconomic factors such as rise in internet penetration rate, and surge in per-capita income also play an important role in contributing toward the overall growth of the kosher food market.

However, Asia-Pacific is expected to exhibit significant growth in the future, owing to rise in demand for different types of kosher food and food items made by kashrut law. In addition, the Asia-Pacific region has witnessed considerable surge in the number of millennials, who are the prime consumers of kosher food. Therefore, rise in millennial population is anticipated to offer remunerative opportunity growth for the kosher food market.

Kosher Food Market
By Region

2026
North America 
Europe
Asia-pacific
Lamea

Asia-Pacific would exhibit the highest CAGR of 5.70% during 2019-2026.

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Some of the key companies profiled in the kosher food industry report include Empire Kosher Poultry, Inc., Unilever, General Mills (Yoplait), Cargill, Nestle, Conagra Brands, Dean Foods, PepsiCo Beverage & Foods (Tropicana), The Hain Celestial Group, and Bob's Red Mill.

Key Benefits for Stakeholders:

  • The report provides an extensive analysis of the current and emerging market kosher food market trends and opportunities in the market.
  • The report provides detailed qualitative and quantitative analysis of current trends and future estimations that help evaluate the prevailing market opportunities.
  • A comprehensive analysis of the factors that drive and restrict the growth of the market is provided.
  • An extensive kosher food market analysis of the market is conducted by following key product positioning and monitoring the top competitors within the market framework.
  • The report provides extensive qualitative insights on the potential segments or regions exhibiting favorable growth.

Kosher Food Market Report Highlights

Aspects Details
By Product Type
  • Culinary Products
  • Snacks and Savory
  • Baker and Confectionery Products
  • Meat
  • Others
By Distribution Channel
  • Supermarkets and Hypermarket
  • Grocery Stores
  • Online Stores
By Region
  • North America  (U.S, Canada, Mexico)
  • Europe  (. FRANCE, UK, Netherlands, Germany, Russia, Rest of Europe)
  • Asia-Pacific  (China, Japan, India, South Korea, Australia, Rest of Asia-Pacific)
  • LAMEA  (Brazil, South Africa, Rest of LAMEA)
Key Market Players Bob's Red Mill, CARGILL, INC., Conagra Brands, Inc., Dean Foods, Empire Kosher, Nestle S A, The Hain Celestial Group, Inc. (Hain Celestial), Tropicana (PepsiCo), UNILEVER GROUP, GENERAL MILLS, INC. (YOPLAIT)
 

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Innovation is the key for the growth of the kosher food market. Rise in demand for various kosher food from target customer makes way for the manufacturers to come up with innovation in kosher food. This is anticipated to boost the growth of the kosher food market.

Manufacturers are focusing on displaying the transparency of the ingredients, which are added in the product as majority of the consumers are leaning toward choosing the products by reading the labels certified as kosher. Consumers are preferring the products with only certified kosher approval. Moreover, increase in curiosity of millennials to try innovative food boosts the growth of the kosher food market.

Furthermore, rise in rate of internet penetration around the major parts of the world makes way for manufacturers to initiate several key online marketing programs. These online platforms are one of the easiest ways to create awareness about the specifications and features of the organic kosher ingredients among the target customers. Hence, tapping into such markets is expected to create opportunities for the kosher food market expansion.

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FREQUENTLY ASKED QUESTIONS?

A. The size of the Kosher Food Market in 2018 was $ 19,131 million. The North American kosher food market accounts for 40.0% share of the market owing to availability of kosher food products in various distribution channels is the major factor boosting the growth of kosher food market in since past few years in North America region.

A. The kosher food market will be $ 25,626 million by 2026, owing to the safety, hygiene, and quality of the food that kosher food items possess the market is experiencing steady growth since past few years and is expected to do so during the forecast time period.

A. The CAGR of the Kosher Food Market projected to grow at 3.70% in the forecast period (2019-2026). The culinary products accounts for 26.6% of the market share , as large number of culinary products such as ready to eat meals, beverages, juices, and specially cooked dishes are easily available in the market.

A. Rise in demand of high quality and safer food products among consumers, Increasing demand of kosher food by lactose intolerant consumers, and rising sales of kosher food through online stores are some of the key factors driving the kosher food market.

A. The global kosher food market is segmented into product type, distribution channel, and region. Based on product type, the market is categorized into culinary products, snacks and savory, bakery and confectionery products, meat, and others. On the basis of distribution channel, the market is divided into supermarkets and hypermarket, grocery stores, and online stores. On the regional basis, the market is studied across North America, Europe, Asia-Pacific, and LAMEA.

A. Rising demand of kosher food by lactose intolerant consumers, increase in demand of high quality and safer food products among consumers across globe, and rising sales of kosher food through online stores are some of the key factors driving the kosher food market trends.

A. Key players profiled in the report include Empire Kosher Poultry, Inc., Unilever, General Mills (Yoplait), Cargill, Nestle, Conagra Brands, Dean Foods, PepsiCo Beverage & Foods (Tropicana), The Hain Celestial Group, and Bob's Red Mill.

A. The meat segment holds the maximum market share of the Kosher Food Market. Availability of kosher meat products in various distribution channels is the major factor boosting the growth of kosher food market in since past few years in the global kosher food market.

A. The supermarkets and hypermarket segment is the leading segment in the kosher food market. As supermarkets and hypermarket offers different types of kosher certified food products of various brands with unique features in each brand product. Increase in retail sales channel penetration in developing markets has created new avenues for market growth.

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