Kosher Foods Market Size, Industry Analysis Report, Regional Outlook, Application Development Potential, Price Trends, Competitive Market Share & Forecast, 2020 - 2026
Report ID: GMI1879
Kosher Foods Market size will witness a dynamic growth with its application in food & beverage industry. Increase in health and hygiene consciousness among consumers is a major factor driving the industry. There has been rise in buying power of people and they are accessing the niche product that has enhanced its consumption. Its inspection procedures are thrice as strict as USDA that ensures its safety. These factors are expected to propel kosher foods market.
Restaurants have started offering special menu for kosher food enthusiasts that has increased its exposure to consumers. Its preparation techniques and relation with holistic nutrition is attracting people. Further, presence of convenience and packaged meals has increased its availability among the consumers which is further expected to propel kosher foods market growth.
Kosher foods are in accordance with regulations of Jewish dietary law. Jewish law permits meat & dairy products of only those species that chew cud and possess cloven hooves. Only those fishes can be consumed that resides in seas and rivers with both fins and scales. Kosher food law states that animals that crawl on earth are not meant for consumption. Besides, there are also rules for eating of cheese, eggs and milk as these may contain animal stomach lining or blood. The cooking procedures must abide by Jewish dietary law.
Major restriction for kosher foods market is its availability. The preparation method is complicated and tricky that results in disinterest among consumers. Lack of professionals that can cook these products and conflict it causes among different religions are one of the key challenges for its growth. Further, with increasing vegan population, the consumption of animal products has decreased that may restrict its demand.
Kosher foods are available in three types including, pareve, meat and dairy. Pareve type are neither meat nor dairy. They are vegetables, grains, eggs, fish, pasta, unprocessed juices, soft drinks, tea and coffee. These have larger share as these are consumed with both meat & dairy and can be easily cooked as compared to meat. Dairy type has substantial share and shall witness a healthy growth with escalating global dairy product industry. The product is used in dietary supplements, meat, culinary, snacks & savouries, bakery and beverages. Beverages are further classified into carbonated and non-carbonated. Dietary supplement kosher foods market segment will foresee moderate growth with the increase in health consciousness among consumers.
Kosher foods are available in the market through various distribution channels that includes superstores, meat shops, convenience stores, and online retailers. The superstores have major share in this segment as urban and semi urban population prefer them owing to ease in availability and better comparison between products. Sales through online retailers has seen a rise due to available discounts and easy delivery. Meat shops have decent share and observing substantial growth due to freshness of product.
North America, led by the U.S. and Canada have largest share in kosher foods market owing to the presence of large Jews population. Their demand is highest in this region as these are produced under clean and hygienic conditions.
Asia Pacific kosher foods market has substantial share with growing dairy market. This region has more than 30% share in global dairy industry and this is driving kosher foods market. In Europe, speciality food segment is growing at a CAGR above 5% that in turn has spurred its consumption. Further, increase in use of packaged and processed products is one of the major factors. Middle East & Africa and Latin America has nascent share and shall witness a growth with increasing Jewish population and changing lifestyle.
The kosher foods market is fragmented with the presence of many small players in the industry globally. Prominent manufacturers include Nectar Lifesciences, AGRANA Starke, 3F Industrial, Hayman, Manischewitz, Nestle, ADM Hamburg, Kedem Products, GlaxoSmithKline and Unilever to name a few. Companies are increasing their product line and product mix for catering to consumer’s demand. Nestle has launched its breakfast cereals with various flavours including chocolate and honey to attract more customers.
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