Global Kosher Beef Market - 2022-2029

Global Kosher Beef Market - 2022-2029

Market Overview

The global kosher beef market was valued at USD XX million in 2021. It is forecasted to reach USD XX million by 2029, growing at a CAGR of XX% during the forecast period (2022-2029).

Kosher food is defined as food that follows the laws and restrictions of kashrut (Jewish law}. Kosher meat comes from animals like cows, sheep, and goats, which have split hooves and chew their cud. When these animals eat, their stomachs return partially digested food (cud), which they must chew again. This increase can be attributed to increased demand for meat with the necessary certifications in industrialized countries such as Canada, the United States, Germany, France, and the United Kingdom. Furthermore, meat producers' ongoing product development and innovation are predicted to positively impact market growth.

Market Dynamics:

Increased awareness of the health benefits of kosher foods

Beef has become an essential part of the global diet. It's well-known for its numerous health benefits. The flesh contains essential amino acids for muscular growth and tissue repair and a variety of disease-fighting enzymes. It has become the new diet meal for health-conscious individuals. The presence of high protein content in the product reduces appetite and speeds up weight reduction. Red meat has a lot of iron, easily absorbed by the body and boosts hemoglobin levels. It is medically prescribed for those who are anemic. It also aids in the treatment of weariness, weakness, gastric ulcers, and a weak immune system, among other health issues. These benefits are expected to boost product demand in the near future.

Furthermore, Jewish cuisine has become one of the world's most popular food trends. This feature drives a growing number of companies to include kashrut meals in their product offers. Kosher cuisine, including beef products, is available at many diners, restaurants, bakeries, and butchers. To meet increased product demand, organizations operating in the market are expected to engage in innovation and new product releases.

Market Segmentation:

Loin accounted for the highest share in global kosher beef market

The loin segment held the largest revenue share of over XX% in 2021. These cuts are often prepared on the grill or under a broiler, barbequed, and smoked. Tenderloin, strip steak, T-bone, and porterhouse steaks are among the most preferred types of loin cuts. Similarly, roasted beef has emerged as a delicacy, especially among millennials, owing to its taste. Beef loins are marbled with fat, which imparts a rich, classic flavor during barbequing, grilling, and roasting. Chefs and cooks have been experimenting with them for a long time, and thus, barbequing and roasting, kalbi, braising, and tenderizing have also been on trend.

The offline distribution channel retained the greatest revenue share of almost XX percent because of the easy availability of kosher food and the reliance of the general public and restaurants on local butcher shops, stores, and supermarkets for rapid availability and physical verification 2021. Kosher slaughter is a labor-intensive operation that is usually done by hand. Consumers prefer manually prepared meat over meat produced with technology. As a result, with offline purchases, constant supervision becomes easy. When purchasing beef, B2B customers prefer bulk buys to save money per unit. Because they require big amounts on a cyclic basis, B2B customers usually sign a contract with the distributor.

Geographical Penetration:

Asia Pacific is the dominating region during the forecast period

In 2021, Asia Pacific had the highest revenue share of over XX percent. This area is the most dynamic in terms of beef consumption, notably in nations like Indonesia, China, Vietnam, Japan, and South Korea. However, continued shortages and pandemic-related labor constraints, particularly in China, will encourage increased beef imports, with Australia remaining the leading provider. According to USDA figures, India is a prominent player in the market because it is one of the largest beef exporters, with 2.83 billion pounds exported in 2020, placing fourth internationally.

Because of the significant concentration of the Jewish population in the United States, North America is the fastest-growing market. Because of religious concerns, only 15% of beef-eating people eat Kosher. Kosher beef is becoming more popular among consumers in the region due to its several benefits, including improved food safety and quality. According to the USDA's 2019 food availability data, the average American consumes 55 pounds of beef each year. Beef and associated products are consumed in large quantities in North America, with the United States accounting for the lion's share of consumption. Overall demand is projected to be supported by such good population growth patterns throughout the foreseeable years.

Competitive Landscape:

As a result of the health benefits of kosher food, the market has been growing worldwide. Multinational food corporations in Israel have begun to mark their products as kosher. McDonald's, for example, only serves kosher beef that has been grilled over charcoal rather than fried in a skillet. Ku Chabad teamed with Allen Fieldhouse in January 2022 to open a full-service kosher deli that would be open during all weekday basketball games. All-beef kosher hot dogs and kosher smoked pastrami on rye are available at this glatt kosher restaurant.

COVID-19 Impact:

Negative impact on the global kosher beef market

The kosher beef market has changed as a result of the COVID-19 outbreak. Customers rushed to stock up on groceries, both in stores and online, during the first wave of the pandemic, while restaurants and foodservice enterprises were generally shuttered in most countries. In order to meet consumer demand, supermarket retailers were obliged to restructure their supply chains, investigate private label products, and expand their supplier networks as a result of market volatility created by COVID-19. However, several countries saw increasing demand for beef, resulting in a rise in export volume. According to the United States Meat Export Federation (USMEF), the United States beef sector increased its market share in Japan from 41% in 2019 to 44% in 2020.

The global kosher beef market report would provide an access to approximately 53 market data tables, 42 figures and 190 pages.