Monday, December 19, 2022

Kosher Food Market - Industry Size, Share, Growth & Forecast 2028 | UnivDatos



 Global Kosher food market is expected to register a CAGR of approx. of 4% over the period of 2022-2028. The increasing prevalence of celiac disease and lactose intolerance population are the major factors for the global growth of the kosher food market. For instance, according to Beyond Celiac, an estimated 1 in 133 Americans, or about 1% of the population, has celiac disease. However, recent screening studies point to a potentially higher prevalence than 1% in the United States. It is estimated that up to 83% of Americans who have celiac disease are undiagnosed or misdiagnosed with other conditions. A mass screening program of children in Italy found the prevalence of celiac disease to be 1.6%.

 According to UnivDatos Market Insights (UMI)’ research report “global kosher food market”, the market is expected to witness robust growth during the forecast period 2022-2028F. the surge in disposable income, improvement in living standards, and large-scale promotion of kosher-certified food owing to its benefits, such as chemical-free and natural, supplements the kosher food market growth across the globe.

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Based on application, the market is categorized into culinary products, snacks, and savory, bakery and confectionery products, meat, beverages dietary supplements. Among these, meat is expected to witness the highest CAGR during the forecast period owing to the consumption of kosher foods by non-Jewish consumers and own-branded suppliers reaching major market players.

Based on distribution channels, the market is categorized into offline stores and online stores. Among these, the offline stores and clinics are expected to witness the highest CAGR during the forecast period owing to the Increase in retail sales channel penetration in developing markets.

North America to witness extensive growth

For a better understanding of the market adoption of the kosher food market, the market is analyzed based on its worldwide presence in the countries such as North America (United States, Canada, and the Rest of North America), Europe (Germany, France, Italy, Spain, United Kingdom, and Rest of Europe), Asia-Pacific (China, Japan, India, Australia, and Rest of APAC), and Rest of World. North America constitutes a major market for the kosher food industry in 2020 owing to the presence of well-established market players and the awareness of kosher food in the region.

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According to UnivDatos Market Insights (UMI)’, the key players with a considerable market share in the global kosher food market are Bob's Red Mill, CARGILL INC., Conagra Brands Inc., Dean Foods, Empire Kosher, Nestle S A, The Hain Celestial Group Inc., PepsiCo (Tropicana), Unilever plc, GENERAL MILLS INC. (YOPLAIT). Several M&As along with partnerships have been undertaken by these players to boost their presence in different regions.

“Global Kosher Food Market provides comprehensive qualitative and quantitative insights on the industry potential, key factors impacting sales and purchase decisions, hotspots, and opportunities available for the market players. Moreover, the report also encompasses the key strategic imperatives for success for competitors along with strategic factorial indexing measuring competitors’ capabilities on different parameters. This will help companies in the formulation of go-to-market strategies and identifying the blue ocean for its offerings.        

Market Segmentation:

1.      By Type (Pareve, Seafood, Lamb, and Others)

2.      By Application (Culinary Products, Snacks and Savory, Bakery and Confectionery Product, Meat, Beverages, and Dietary Supplements)

3.      By End-Users (Offline Stores and Online Stores)

4.      By Region (North America, Europe, Asia-Pacific, Rest of the World)

5.      By Company (Bob's Red Mill, CARGILL, INC., Conagra Brands, Inc., Dean Foods, Empire Kosher, Nestle S A, The Hain Celestial Group, Inc., PepsiCo (Tropicana), Unilever plc, GENERAL MILLS INC. (YOPLAIT))

Key questions answered in the study:

1.      What are the current and future trends of the global kosher food industry?

2.      How the industry has been evolving in terms of type, application, and end-users?

3.      How the competition has been shaping across the countries followed by their comparative factorial indexing?

4.      What are the key growth drivers and challenges for the global kosher food industry?

5.      What is the customer orientation, purchase behavior, and expectations from the global kosher food suppliers across various region and countries?

 

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