Kosher Food Market by Application, 2016 - 2022
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The market of global kosher food is anticipated to be driven by escalating consumer trends for allergen-free, healthy and unique food products. Apart from this, rising Muslim population is also anticipated to be one of the factor driving the growth of global kosher food market over the forecast period 2016-2022. It has been noticed that, as compared to regular food products available in the market, kosher products exemplifies a very miniscule share and does not require any large investments from food companies. Besides this, rising urban population all across the globe and change in lifestyle has also impacted the growth of the market and is anticipated to be the major growth driver during the forecast period.
Geographically, the Global Kosher Food industry can be divided by major regions which include North America, Latin America, Western and Eastern Europe, Asia-Pacific region, Japan, Middle East and Africa. North America captured the highest share in the global Kosher Food market. Consumer in the U.S. are spending over US$ 13 Bn annually on kosher food products. It has been noticed that, more than 10,000 American companies yield products for the kosher market. It has been observed that, 8,000 new kosher products were introduced into the kosher market annually last year. Followed by it, Europe captured the second largest share in the global kosher food market.
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The major players identified across the value chain of global Kosher Food market include 3 F Industrial Limited, AGC Chemicals (Thailand) Co. Ltd, AGRANA Starke GmbH, ADM Milling System, Nectar Lifesciences Ltd., Nestle, Hayman Limited, Unilever, Glaxosmithkline, and others.
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