Kosher foods market to grow by USD 12.78 billion from 2022 to 2027 | North America to account for 51% of market share - Technavio
NEW YORK, Oct. 18, 2023 /PRNewswire/ -- The kosher foods market size is expected to grow by USD 12.78 billion from 2022 to 2027, according to Technavio. In addition, accelerated at a CAGR of 6.36% during the forecast period. The rise in Jewish and Muslim populations is notably driving the kosher foods market. However, factors such as Intense competition from halal foods may impede market growth. The market is segmented by product (kosher pareve, kosher meat, and kosher dairy), distribution channel (supermarkets and hypermarkets, grocery stores, and online stores), and geography (North America, Europe, Middle East and Africa, South America, and APAC). Technavio provides a comprehensive report summary describing the market size and forecast along with research methodology. The free sample report is available in PDF format
Key Segment Analysis
The market share growth of the kosher pareve segment is expected to increase significantly during the forecast period. Kosher pareve includes foods that are not dairy or meat, neither of which has been processed or prepared. Additionally, the growing popularity of kosher foods is due to the convenience that they can be added to a variety of other meals, leading to an increase in demand for pareve foods. This rising demand for pareve food will boost the kosher food market during the forecast period.
To know additional highlights and key points on various market segments and their impact in coming years, View the Free PDF Sample Report.
Geographical Market Analysis
North America is estimated to contribute 51% to the growth of the global market during the forecast period. The US is the world's largest market for kosher products. Due to the limited halal food available, the consumption of kosher food is increasing. These foods are also considered safer and healthier options. As a result, the above factors are expected to the demand for kosher food products in the region during the forecast period.
Company Insights
The kosher foods market is fragmented, and the companies are deploying organic and inorganic growth strategies to compete in the market. The report analyzes the market's competitive landscape and offers information on several market companies, including:
AGRANA BEteilgungs AG, Archer Daniels Midland Co., Aron Streit Inc., BASF SE, Bobs Red Mill Natural Foods Inc., Cargill Inc., Conagra Brands Inc., Eden Foods Inc., Empire Kosher Poultry LLC, First Foods Group Inc., General Mills Inc., Kayco Co., Kellogg Co., Nestle SA, PepsiCo Inc., Profile Solutions Inc., Taja Beverages, The Kraft Heinz Co., Unilever PLC, and Dairy Farmers of America Inc.
View the Free PDF Sample Report to find additional highlights on the growth strategies adopted by companies and their product offerings.
Related Reports:
The gluten-free food market is estimated to grow at a CAGR of 9.5% between 2022 and 2027. The market size is forecast to increase by USD 4,492.88 million.
The halal food market is estimated to grow at a CAGR of 4.52% between 2022 and 2027. The size of the market is forecast to increase by USD 427.68 billion.
Kosher Foods Market Scope |
|
Report Coverage |
Details |
Base year |
2022 |
Historic period |
2017-2021 |
Forecast period |
2023-2027 |
Growth momentum & CAGR |
Accelerate at a CAGR of 6.36% |
Market growth 2023-2027 |
USD 12.78 billion |
Market structure |
Fragmented |
YoY growth 2022-2023 (%) |
6.01 |
Regional analysis |
North America, Europe, Middle East and Africa, South America, and APAC |
Performing market contribution |
North America at 51% |
Key countries |
US, Canada, Israel, France, and UK |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
Key companies profiled |
AGRANA BEteilgungs AG, Archer Daniels Midland Co., Aron Streit Inc., BASF SE, Bobs Red Mill Natural Foods Inc., Cargill Inc., Conagra Brands Inc., Eden Foods Inc., Empire Kosher Poultry LLC, First Foods Group Inc., General Mills Inc., Kayco Co., Kellogg Co., Nestle SA, PepsiCo Inc., Profile Solutions Inc., Taja Beverages, The Kraft Heinz Co., Unilever PLC, and Dairy Farmers of America Inc. |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period. |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
ToC:
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Product
7 Market Segmentation by Distribution Channel
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Company Landscape
12 Company Analysis
13 Appendix
About Technavio
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.
With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
Contacts
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: [email protected]
Website: www.technavio.com
SOURCE Technavio
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