Global Kosher Foods Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Kosher Foods Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Kosher food refers to food that conforms to the kosher diet. In addition to limiting the types of food animals, the relevant regulations also affect their slaughter and cooking methods.

Market Overview:

The latest research study on the global Kosher Foods market finds that the global Kosher Foods market reached a value of USD 19486.2 million in 2022. It’s expected that the market will achieve USD 33288.77 million by 2028, exhibiting a CAGR of 9.34% during the forecast period.

From the perspective of production, for the Kosher Foods industry, the epidemic has had an impact on the production plans of companies in the Kosher Foods industry. Due to the outbreak of COVID-19, the production and operations of raw materials, such as the transportation of agricultural products and the production of food additives, have been affected. This could lead to disruptions in the supply of raw materials to the Kosher Foods industry, thereby affecting the company's production plans. On the other hand, due to the impact of the new crown pneumonia epidemic, in order to prevent the further spread of the epidemic, the government issued travel restrictions and related isolation policies, which reduced the management efficiency of enterprises in the industry and also affected the company's production plan.

From the perspective of sales channels, in general, Kosher Foods mainly sells through offline and online methods. The offline way is mainly through various supermarkets, grocery stores, etc. However, due to the outbreak of the epidemic, in order to avoid the contagion of the epidemic, offline sales have suffered a huge blow. Various offline supermarkets and grocery stores are temporarily suspended. There are three main reasons for its closure. First of all, closing most of the stores is a unified requirement of local government departments. Second, some enterprises were not required to close by the local government, but due to insufficient protective materials, the safety of employees could not be guaranteed. The third is that the passenger flow has dropped sharply, and the income is lower than the rent and labor costs of the store, so the business must be closed. With the closure of physical stores, major Kosher Foods companies have established online marketing teams to sell Kosher Foods through online channels. However, due to the impact of the epidemic on logistics, many countries have imposed controls on domestic transportation and the movement of people, and imposed restrictions on imported goods. This has resulted in varying degrees of logistical disruption, stockpiling and shipping delays in the Kosher Foods sales process. Therefore, Kosher Foods' online platform sales have also been hit to a certain extent.

All in all, the outbreak of the epidemic has had an important impact on the production and sales of enterprises in the Kosher Foods industry, and also brought challenges to the development of enterprises in the industry.

Strength

Better food safety at Kosher Foods
Kosher Foods is food that complies with Jewish food laws, compared to other foods. Kosher Foods is generally healthier and more secure in food safety. In European and American countries, Kosher Foods has become the first choice for Muslims, Jews, vegetarians and LOHAS because of its authoritative and reliable hygiene standards. Currently, while many Jews remain kosher for religious reasons, there are also many regular consumers who choose Kosher Foods because they believe these foods are healthier. Kosher certification is the most recognized food safety certification in the contemporary food industry and trade. All kinds of food and raw materials undergo rigorous and meticulous inspection procedures. The vast majority of consumers buy Kosher Foods out of total confidence in its quality and safety. For example, Kosher Foods stipulates that dairy and meat products must be eaten separately. Such a classification is more beneficial to non-Jewish consumers such as vegetarians, people with certain dietary allergies, etc. At present, with the rising income level of consumers and the increasing emphasis on food safety, the market size of Kosher Foods is expanding.

Weakness

Industry market competition intensifies
As consumer demand for a variety of healthy foods continues to increase, more and more food manufacturers are certified kosher. Therefore, the number of market participants in the industry continues to increase and the market competition intensifies. However, due to the relatively simple manufacturing of Kosher Foods products, the phenomenon of product homogeneity is relatively high. Product homogeneity refers to the phenomenon that products of the same category and different brands imitate each other in performance and marketing methods, or even gradually converge. At present, the homogenization of Kosher Foods is serious. In this case, Kosher Foods produced by the company's products can be replaced by products of other similar companies. In this case, the customer's main buying basis is price. Therefore, companies in the industry may compete at low prices and reduce industry profits. Kosher Foods industry companies mainly use price and discount as a means of differentiation. Competition is getting fiercer and fiercer has restricted the development of the Kosher Foods industry to a certain extent.

Segmentation Overview:

By type, Pareve segment accounted for the largest share of market in 2022.

Application Overview:

The market's largest segment by application is the segment Supermarkets and Hypermarket, with a market share of 40.74% in 2022.

Key Companies in the global Kosher Foods market covered in Chapter 3:

Hayman
Unilever
Manischewitz
Nestle
Nectar Lifesciences
ADM Hamburg
GlaxoSmithKline
3F Industrial
AGRANA Starke
Kedem Products

In Chapter 4 and Chapter 14.2, on the basis of types, the Kosher Foods market from 2018 to 2029 is primarily split into:

Meat
Dairy
Pareve
Others

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Kosher Foods market from 2018 to 2029 covers:

Supermarkets and Hypermarket
Grocery Stores
Online Stores

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)