Kosher Food Market Key Players, Market Analysis, Share, Trends And Forecast To 2033

"The Business Research Company recently released a comprehensive report on the Global Kosher Food Market Size and Trends Analysis with Forecast 2024-2033. This latest market research report offers a wealth of valuable insights and data, including global market size, regional shares, and competitor market share. Additionally, it covers current trends, future opportunities, and essential data for success in the industry.

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According to The Business Research Company's, 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 growth in the historic period can be attributed to increase in the populations of jews and muslims, increased retail sales channel penetration, rise in promotion for kosher certified food owing, increased spending by consumers, and increase in demand for healthy

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%. The growth in the forecast period can be attributed to increasing use of animal products and the number of vegan consumers, rising popularity of kosher food, increasingly focusing on certification, increasing demand for kosher-certified products worldwide, and rising cases of chronic lifestyle diseases. Major trends in the forecast period include advancements in retail technology, rising demand for allergen-free options, technological advancements, growing health and wellness trend, and advanced technologies such as nanotechnology and 3d printing.

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Market Drivers and Trends:

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 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.

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Major Key Players of the Market:

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

Kosher Food Market 2024 Key Insights:

• 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%.
• Growing Consumption Of Meat And Dairy Products Fueling Kosher Food Market Growth
• Major Companies Embrace Plant-Based Alternatives To Meet Growing Health And Sustainability Demands
• North America was the largest region in the kosher food market in 2023

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