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Kosher Foods Market — Detailed Survey On Key Trends And Leading Players 2033
The kosher foods market size is projected to be valued at US$ 42.64 Bn in 2023 and is expected to rise to US$ 78.55 Bn by 2033. The sales of kosher foods are expected to grow at a significant CAGR of 6.3% during the forecast period.
One of the main factors fueling the market’s expansion is the growing prevalence of lactose intolerance among the general population. Gluten, dairy, and other food-intolerant patients can greatly benefit from kosher cuisine.
A significant driver of market expansion is the rise in non-Jewish consumers’ demand for kosher food products. Kosher ingredients are being used more frequently by food makers to create bakery and confectionery goods, as well as savory snacks.
To give their clientele a special and genuine experience, quick service restaurants (QSRs), motels, and cafes are also experimenting with premium kosher-certified products.
The market is expected to develop as a result of a number of other reasons, such as increasing health consciousness among the general population and rising demand for vegan food items.
Competitive Landscape
The kosher food ...
... business is fragmented due to the existence of numerous little players on a global scale. To meet consumer demand, businesses are expanding their product lines and product mix. To entice more customers, Nestle SA has introduced a variety of flavors for its breakfast cereals, including chocolate and honey. For food service operators, Cargill has introduced Diamond Crystal Fine Kosher Salt to enhance the flavor of fried dishes and seasonings. Year after year, elite players have been profitably utilising the popularity of kosher food. They are promoting the significance of religious perspectives on food packaging as a crucial trend. Companies in the food industry who want to keep on top of developments are concentrating on nanotechnology.
For instance, the acquisition of Global Trust Certification Limited, a seafood certification business with its headquarters in Ireland, was announced by NSF Certification Ireland Limited in January 2021, an NSF subsidiary. Global Trust offers certification, auditing, and inspection services to clients all around the world.
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