Kosher Food Market: Market Dynamics and Growth Trends Propelling Demand Globally

The new report published by The Business Research Company, titled "Kosher Food Global Market Report 2024 - Market Size, Trends, And Global Forecast 2024-2033", delivers an in-depth analysis of the leading size and forecasts, investment opportunities, winning strategies, market drivers and trends, competitive landscape, and evolving market trends.

As per the report, the kosher food market size has grown steadily in recent years. It will grow from $20.32 billion in 2023 to $21.13 billion in 2024 at a compound annual growth rate (CAGR) of 4.0%. The kosher food market size is expected to see steady growth in the next few years. It will grow to $25.02 billion in 2028 at a compound annual growth rate (CAGR) of 4.3%.

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Growing Consumption Of Meat And Dairy Products Fueling Kosher Food Market Growth
The growing consumption of meat and dairy products is expected to propel the growth of the kosher food market going forward. The meat and dairy products include the flesh of kosher-slaughtered mammals or birds prepared, and they must not be cooked or eaten with dairy products. Dairy products, including milk, cheese, butter, and yogurt from kosher-slaughtered animals, must also be kept separate from meat according to kosher laws. The demand for meat and dairy products is fueled by increasing population growth and urbanization, rising income levels, changing diets, and cultural and culinary preferences. Kosher dietary laws help manage the consumption and preparation of meat and dairy products by clearly defining rules that prevent their mixing and ensure their purity. These dietary laws help ensure that meat and dairy products are prepared and consumed in a way that aligns with Jewish religious principles. For instance, in 2022, according to a report published by the Food and Agriculture Organization, an Italy-based world data agency, around 350.13 million meat and dairy products were produced worldwide, an increase of 5.2% compared to 2021. Therefore, the growing consumption of meat and dairy products is driving the growth of the kosher food market.

Major Companies Embrace Plant-Based Alternatives To Meet Growing Health And Sustainability Demands
Major companies operating in the kosher food market focus on innovative products, such as plant-based alternatives, to cater to the growing demand for health-conscious and environmentally friendly options while adhering to strict kosher guidelines. Plant-based kosher foods are products that adhere to kosher dietary laws while mimicking the taste and texture of animal-based foods using only plant ingredients. For instance, in May 2024, Tofurky, a US-based producer of plant-based meat substitutes, launched next-generation plant-based Deli Slices. The roasts are pre-seasoned, ready to heat and serve, and provide a convenient plant-based alternative for kosher consumers seeking to reduce meat consumption. The new products expand Tofurky's existing kosher plant-based offerings, including deli slices, sausages, and grounds.

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

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Major companies operating in the kosher food market are 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

Contents of the report:
1. Executive Summary
2. Kosher Food Market Report Structure
3. Kosher Food Market Trends And Strategies
4. Kosher Food Market - Macro Economic Scenario
5. Kosher Food Market Size And Growth
…..
27. Kosher Food Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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