Report ID: SQMIG30I2188
Report ID:
SQMIG30I2188 |
Region:
Global |
Published Date: February, 2024
Pages:
157
|
Tables:
95 |
Figures:
76
Kosher Food Market size was valued at USD 38.72 billion in 2019 and is poised to grow from USD 41.2 billion in 2023 to USD 67.67 billion by 2031, growing at a CAGR of 6.4% in the forecast period (2024-2031).
Food products that adhere to Jewish law's kashrut rules are considered kosher. Pasta, bread, cereals, juices, and other food are among the many products that can be found in the kosher food section. Additionally, kosher-certified food items are particularly well-liked by both Jewish and non-Jewish communities worldwide.
In the forecast period, increasing disposable income and healthcare costs are two major factors expected to boost the growth of the market. Furthermore, the expanding business is being fueled by an increase in demand for healthy, high-quality food brought on by urbanisation and a growing working population. Additionally, it is predicted that a rise in the popularity of kosher cuisine among consumers who are health aware will restrain the market's growth.
On the other hand, it is further anticipated that the use of animal products and the rise in vegan consumers will restrain the growth of the kosher food market throughout the forecast period. The future expansion of the market, however, may be further hampered by the lack of specialists who can prepare these foods and the friction it causes among the many religions.
US Kosher Food Market is poised to grow at a sustainable CAGR for the next forecast year.
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Report ID: SQMIG30I2188