Global Kosher Foods Market 2017-2021
About Kosher Foods
Foods that adhere to Jewish religious laws, halakha, and are permitted to be consumed by the Jews are known as kosher foods. Kosher means appropriate or fit in Hebrew. There are certain restrictions on what kinds of foods can be consumed by people who follow the Judaism religion. For land animals, creatures that have split hooves and can chew cud are considered kosher.
Technavio’s analysts forecast the global kosher foods market to grow at a CAGR of 13.09% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global kosher foods market for 2017-2021. To calculate the market size, the report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Kosher Foods Market 2017-2021
Technavio recognizes the following companies as the key players in the global kosher foods market: ADM, Kedem Food Products, Manischewitz, Nestlé, and Streit's.
Other Prominent Vendors in the market are: Art Chocolatier, BASF, Blommer Chocolate, Brooklyn Cookie, Denovo Beverage, Eden Foods, Hodo Soy, Ice Chips, and Levana Meal Replacement.
Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is growing popularity of private labels. Private label kosher foods are kosher certified with kosher symbols. Private label is one of the important and prominent strategies followed in the retail sector. The market share of private label products is increasing worldwide.”
According to the report, one driver in the market is rise in urbanization and change in lifestyle. The rise in urbanization indicates a rise in per capita income and disposable income, which translates to changes in lifestyles and dietary habits. Consumers now actively look for healthier food options, and the market in most developed economies like Japan and Canada, and also in developing nations, is getting influenced by this changing consumption pattern.
Further, the report states that one challenge in the market is intense competition from halal foods. Halal foods and kosher foods follow two religious ways in terms of slaughtering animals and consuming foods. Halal meat is slaughtered, processed, and made according to Islamic rules and dietary laws while kosher meat is slaughtered, processed, and prepared according to Jewish dietary laws, the Kashrut. The slaughter techniques are quite similar, and both are considered as hygienic and healthy foods.
ADM, Kedem Food Products, Manischewitz, Nestlé, Streit's, Art Chocolatier, BASF, Blommer Chocolate, Brooklyn Cookie, Denovo Beverage, Eden Foods, Hodo Soy, Ice Chips, and Levana Meal Replacement.