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Global Kosher Food Market Report Analysis and Forecast 2022-2030

09-21-2022 03:52 PM CET | Fashion, Lifestyle, Trends

Press release from: Inkwood Research

KOSHER FOOD MARKET

KOSHER FOOD MARKET

According to Inkwood Research, the Global Kosher Food Market is projected to register a CAGR of 4.16% in terms of revenue during the forecast period, 2019-2028.
"Browse 35 Market Data Tables and 52 Figures spread over 155 Pages, along with an in-depth TOC on the Global Kosher Food Market Forecast 2019-2028."

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Kosher foods are those food products that fulfill the Jewish community's dietary regulations of kashrut (dietary law) for the food. They are said to be derived from Leviticus and Deuteronomy. Kashrut entails a set of laws (dietary) that are fixed for food consumption and preparation. The law is impartial and encompasses both non-vegetarian and vegetarian food types. The categories of birds, animals, and fish that meet the regulatory standards of the law are called kosher, and others that do not meet are forbidden.

Growing Health-Conscious Consumers Propel Market Growth
There has been a steady rise in the number of consumers who are increasingly adopting a healthy lifestyle. The consumers are opting for healthy and natural food products that have less amount of fat or sugar, along with reduced carb content. This shifting trend has resulted in increased demands for dairy-free products, vegan products, Halal, Kosher, meat alternatives, and gluten-free products. Hence, the rising fitness-conscious population spread across the globe are potential consumers for kosher food. The suppliers target such consumers, leading to a rise in demands and sales of the product. As of now, the awareness and penetration are evaluated to be low, but targeted marketing strategies are projected to acquire a vast consumer base.
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Meat fared Major Revenue Share to the Global Market in 2019
The meat production, aided by slaughterhouses, is on the rise. Moreover, the availability of kosher meat products in several distribution channels is one of the major factors propelling the growth of the kosher food product. This is because there is increasing consumption of kosher food by the non-Jewish population. Further, various private label suppliers are targeting leading market players for the growth of their business.

North America is set to dominate the Global Market by 2028
The Jewish population in the US constitutes around 2.5% of the total population. At the same time, the consumption of kosher food by the non-Jewish population is on the rise, thereby impacting the market growth of the region. The increased consumption is attributed to the awareness of the health benefits of kosher food. Also, many market players are making innovations and inventions in terms of food and tastes, providing consumers with new food products to satisfy their taste buds.
The competitive rivalry in the market is estimated to be high. The competition between offline and online companies is projected to be high. The bargaining power of buyers is evaluated to be moderate with low-product differentiation and high switching costs. Some of the eminent players present in the market are Conagra Brands, Nestle, Empire Kosher Poultry Inc, Bob's Red Mill, Dean Foods, etc.

Related Reports:
GLOBAL HALAL FOOD & BEVERAGE MARKET
GLOBAL GLUTEN FREE PASTA MARKET
GLOBAL ORGANIC DAIRY FOOD & BEVERAGE MARKET

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