Kosher Food Market Set to Expand to US$ 123.07 Bn by 2033 - Persistence Market Research

The global kosher food market has witnessed substantial growth over the past few years, and this momentum is expected to continue through the forecast period. Valued at approximately US$ 47,240.2 million in 2023, the market is projected to soar to US$ 1,23,073.9 million by 2033, representing a robust value-based CAGR of 10.0%. While religious adherence among Jewish consumers remains a key driver, the increasing preference for kosher food among non-Jewish populations due to its association with health, safety, and quality assurance is significantly expanding its consumer base. The demand is further fuelled by a shift in lifestyle patterns, growing disposable incomes, and the popularity of kosher-certified food as a marker of dietary safety and ethical production.

North America continues to lead the global kosher food market, primarily driven by the United States. With the largest Jewish population outside Israel and a growing number of health-conscious consumers, the U.S. has become a significant market for kosher-certified products. On the other hand, the snack food segment has emerged as the leading application area, expected to account for nearly half of the global market value share by the end of 2023. This trend underscores the evolving eating habits and growing demand for convenient yet high-quality packaged food options.

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Key Highlights from the Report:

➤ Kosher food market is projected to grow at a CAGR of 10.0% during 2023 to 2033.
➤ U.S. remains the dominant geographical region due to growing consumer demand and a high Jewish population.
➤ Snack food segment leads the market with an estimated 48.4% share by 2023-end.
➤ Pareve raw material segment accounts for over 62% of the value share in Europe.
➤ Over 60% of kosher food consumers are non-Jewish, citing health and ethical reasons.
➤ Kosher Fest attracts over 7,000 professionals globally, boosting innovation and market expansion.

Market Segmentation

The kosher food market can be segmented based on raw material and application. In terms of raw material, the market comprises meat, dairy, and pareve. Among these, pareve accounts for the highest value share in Europe, contributing 62.1% in 2022. The preference for pareve arises from its neutral dietary classification, making it suitable for both meat and dairy meals under kosher laws.

In terms of application, the market is divided into processed meat and poultry, seafood, staples, beverages, bakery and confectionery, and snack foods. Snack food leads with a significant share, reflecting evolving consumption patterns driven by convenience and preference for healthy alternatives. The staples segment follows, propelled by rising demand for kosher-certified grains and legumes.

Regional Insights

North America dominates the kosher food market, largely driven by the U.S., where an estimated 195,000 kosher products are available. The market is gaining traction not just among Jewish consumers but also among health-conscious and vegetarian segments. In addition, the U.S. hosts Kosherfest, the largest trade fair for kosher-certified goods, contributing significantly to awareness and product innovation.

The Middle East and Africa (MEA) region is witnessing rising demand, especially in fast food chains. Countries like Saudi Arabia, UAE, and Kuwait are experiencing significant growth in kosher meat demand due to the rising popularity of western food chains and high per capita income. The fast food sector's expansion is amplifying the region's demand for kosher products.

Europe remains a strong contender, particularly France, where local production of kosher food provides a competitive pricing advantage. The region is focusing on introducing new kosher-certified products, such as dairy and confectionery, and expanding distribution networks to meet growing consumer demand.

Market Drivers

The kosher food market is being driven by multiple factors. Primarily, a growing Jewish population and adherence to religious dietary laws continue to form the backbone of market demand. However, the non-religious segment, which includes health-conscious, vegetarian, and allergic consumers, constitutes over 60% of the market. They are drawn to kosher products for reasons such as perceived higher quality, allergen-free ingredients, and ethical processing standards.

Events such as Kosher Fest play a crucial role in spreading awareness and promoting product innovation. Additionally, increasing investments by major players in marketing and product development, combined with the expanding footprint of kosher certification agencies, are propelling market growth.

Market Restraints

Despite promising growth, the market faces certain challenges. The rigorous certification process can be a barrier for new entrants due to costs and compliance requirements. Moreover, kosher food is often priced higher than regular food, limiting its reach among price-sensitive consumers. Variability in religious interpretations and regional regulatory standards also create inconsistency, complicating the production and marketing of kosher food.

Market Opportunities

Significant opportunities lie in expanding kosher offerings in untapped emerging markets, particularly in Asia and Latin America. Growing middle-class populations with increased health awareness present a favorable environment. Companies can also leverage e-commerce platforms to improve accessibility and visibility of kosher-certified products. Moreover, there's untapped potential in expanding kosher certification to include beverages, vegan offerings, and ethnic cuisines.

Frequently Asked Questions (FAQs):

◆ How Big is the Kosher Food Market?
◆ What is the Projected Growth Rate of the Kosher Food Market?
◆ Who are the Key Players in the Global Market for Kosher Food?
◆ What is the Market Forecast for Kosher Food through 2032?
◆ Which Region is Estimated to Dominate the Kosher Food Industry through the Forecast Period?

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Company Insights

• Empire Kosher Poultry, Inc. (Hain Celestial)
• B. Manischewitz Company
• General Mills
• Kellogg Company
• Cargill, Inc.
• Nestlé S.A.
• H.J. Heinz Company
• Conagra Brands Inc.
• Archer Daniels Midland Company (ADM)
• Dean Foods

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