Worldwide Kosher Foods Industry to 2027 - Impact of COVID-19 on the Market

News provided by

Jul 07, 2020, 10:15 ET

DUBLIN, July 7, 2020 /PRNewswire/ -- The "Kosher Foods - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.

Amid the COVID-19 crisis and the looming economic recession, the Kosher Foods market worldwide will grow by a projected US$26.7 Billion, during the analysis period, driven by a revised compounded annual growth rate (CAGR) of 10.2%. Kosher Pareve, one of the segments analyzed and sized in this study, is forecast to grow at over 10.9% and reach a market size of US$35.3 Billion by the end of the analysis period.

The global analysis and forecast periods covered within the report are 2020-2027 (Current & Future Analysis) and 2012-2019 (Historic Review). Research estimates are provided for 2020, while research projections cover the period 2021-2027.

An unusual period in history, the coronavirus pandemic has unleashed a series of unprecedented events affecting every industry. The Kosher Pareve market will be reset to a new normal which going forwards in a post COVID-19 era will be continuously redefined and redesigned. Staying on top of trends and accurate analysis is paramount now more than ever to manage uncertainty, change and continuously adapt to new and evolving market conditions.

As part of the new emerging geographic scenario, the United States is forecast to readjust to a 8.7% CAGR. Within Europe, Germany will add over US$992.6 Million to the region's size over the next 7 to 8 years. In addition, over US$857.9 Million worth of projected demand in the region will come from Rest of European markets. In Japan, the Kosher Pareve segment will reach a market size of US$1.6 Billion by the close of the analysis period. Blamed for the pandemic, significant political and economic challenges confront China. Amid the growing push for decoupling and economic distancing, the changing relationship between China and the rest of the world will influence competition and opportunities in the Kosher Foods market.

Against this backdrop and the changing geopolitical, business and consumer sentiments, the world's second largest economy will grow at 14.5% over the next couple of years and add approximately US$5.6 Billion in terms of addressable market opportunity. Continuous monitoring for emerging signs of a possible new world order post-COVID-19 crisis is a must for aspiring businesses and their astute leaders seeking to find success in the now changing Kosher Foods market landscape. All research viewpoints presented are based on validated engagements from influencers in the market, whose opinions supersede all other research methodologies.

Competitors identified in this market include, among others,

Archer Daniels Midland Company
BASF SE
Blommer Chocolate Company
Brooklyn Cookie Company LLC
Eden Foods, Inc.
Ice Chips Candy, LLC
Nestle SA

Key Topics Covered:

I. INTRODUCTION, METHODOLOGY & REPORT SCOPE

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

Global Competitor Market Shares
Kosher Foods Competitor Market Share Scenario Worldwide (in %): 2019 & 2025
Impact of Covid-19 and a Looming Global Recession

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS

4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS

IV. COMPETITION
Total Companies Profiled: 42

For more information about this report visit https://www.researchandmarkets.com/r/29xwiy

Research and Markets also offers Custom Research services providing focused, comprehensive and tailored research.

Media Contact:

Research and Markets
Laura Wood, Senior Manager
[email protected]

For E.S.T Office Hours Call +1-917-300-0470
For U.S./CAN Toll Free Call +1-800-526-8630
For GMT Office Hours Call +353-1-416-8900

U.S. Fax: 646-607-1904
Fax (outside U.S.): +353-1-481-1716

SOURCE Research and Markets