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Kosher Beef Market

Kosher Beef Market

Kosher Beef Market Analysis by Cut (Brisket, Shank, Loin, Others), by Distribution Channel (Online, Offline) and by Region - Global Forecast 2022 to 2032

Kosher Beef Market
FACT7460MR
  • Jun-2022
  • List of Tables : 36
  • List of Figures : 108
  • 170 Pages
  • Food & Beverage

Kosher Beef Industry Outlook (2022-2032)

The market for kosher beef garnered a market value of US$ 66.65 Billion in 2021, and is expected to collect US$ 70 Billion in 2022. During the forecast period, the kosher beef market is expected to register a CAGR of 5% by accumulating a market value of US$ 114 Billion during 2022-2032.

Report Attributes Details

Base Year Value (2021)

US$ 66.65 Billion

Expected Market Value (2022)

US$ 70 Billion

Projected Forecast Value (2032)

US$ 114 Billion

Global Growth Rate (2022-2032)

5% CAGR

Growth Rate of U.S (2032)

10%

Growth Rate of China (2032)

8%

Key Companies Profiled

  • Solomon Kosher Butcher
  • Tevya’s Ranch
  • Rosenblatt Meats
  • Grow & Behold Foods
  • Zephyr Foods, LLC
  • American Foods Group
  • Kol Foods
  • Assa Abloy
  • Aufschnitt Meats
  • Springfield Group Inc.
  • Cutting Edge Foods
  • FreshDirect

Revenue Analysis of Kosher Beef 2017-2021 vs. Future Outlook 2022-2032

The kosher beef market observed a steady increase in sales from 2017 to 2021, exhibiting a value CAGR of 5.3%. Although the sales of kosher beef declined owing to the COVID-19 pandemic, the sales of the same are expected to increase in the upcoming years.

Kosher beef’s nutritional quality to strengthen muscles is positively influencing the demand for the same. Moreover, the easy availability of kosher beef in offline distribution channels is driving the sales of the same.

As most parts of the world are getting back to normal functioning post COVID-19, the sales of kosher beef are expected to increase. In the sales indicator period, U.S. and China are expected to be the largest contributors to the kosher beef market. From 2022 to 2032, the market for kosher beef is poised to experience 1.6x growth.

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Key Factors Driving Kosher Beef Market Growth

Jewish Population Major Contributor of Kosher Beef

The Jewish Agency for Israel states that the worldwide Jewish population is 15.2 million. Jewish people have been consuming kosher beef since time immemorial due to the religious values attached to it. Majority of the Jewish population lives in Israel and U.S. This, in turn, is increasing the sales of kosher beef. Moreover, meat producing companies are focusing on experimenting and innovating different food products that are kosher beef based. This is propelling the sales of kosher beef.

Jewish people prefer consuming kashrut food. Not only are Jewish people consuming kashrut food at home but also are consuming the same in restaurants, hotels and cafes. Owing to this, kashrut food is becoming mainstream in countries like U.S., China and Japan. Thus, restaurants too, are experimenting with kosher beef. This has led to the innovation of different kosher beef dishes. All these factors are driving the sales of kosher beef.

Health Benefits Widening Sales of Kosher Beef

Various health benefits of beef are positively influencing the sales of kosher beef. The presence of amino acids in kosher beef is playing a key role in the everyday consumption of kosher beef. Amino acids help in repairing damaged tissues and prevents various illnesses. Thus, people have shown an inclination towards investing in kosher beef.

Cross cultural initiatives in various restaurants around the world too have increased kosher beef in different dishes across different geographical locations. Thus, consumers are indulging in food that offers taste and health, both. Most kosher beef offering companies along with restaurants are planning to innovate kosher beef based dishes. Thus, the sales of kosher beef is expected to expand in the upcoming years.

Kosher beef market forecast by Fact.MR

Key Challenges/Restraints to Kosher Beef Market Growth

The cost of buying kosher beef in Israel is expensive. Along with this, certain countries do not support the consumption of beef. In addition, the exportation and importation charges of kosher beef are extremely high.

Certain people are not able to digest kosher beef. This results in stomach ache and frequent visits to the doctor. All these factors are creating a hindrance for the sales of kosher beef.

An Adaptive Approach to Modern-day Research Needs

Country-wise Analysis

Inclination Towards Beef Consumption Bolstering Sales in China?

Importation of Beef Contributing Towards Kosher Beef Sale

Consumption of non-vegetarian food is prevalent in China. This has led to the increasing consumption of kosher beef in the country. Although the country has a strong presence of kosher beef producers and suppliers, the COVID-19 pandemic reduced the production of kosher beef owing to the shortage of labor in the country.

Thus, China is importing kosher beef from other countries too. Owing to the factors mentioned above, China is expected to register a positive CAGR of 8% in the forecast period 2022-2032.

Jewish Population Accelerating Sales of Kosher Beef in U.S.?

Offline Distribution Channels Increasing Sales

U.S. consists of the second highest Jewish population in the world. This has led to an increase in the sales of kosher beef in the region. The availability of kosher beef across supermarkets, hypermarkets and local stores in the U.S. is positively influencing the sales of kosher beef in the region.

Moreover, the correct packaging of kosher beef that provides content of the same is gaining trust of consumers. Duet to the aforementioned factors, U.S. is expected to register a staggering double-digit CAGR of 10% in the assessment period 2022-2032.

Country-wise Kosher Beef Market Value CAGR

Country CAGR

U.S

10% CAGR

China

8% CAGR

Category-wise Insights

Easy Availability Increasing Sales of Kosher Beef Through Offline Distribution Channel?

Manual Supervision Increasing Dependency on Kosher Beef

Offline distribution channel is gaining immense popularity owing to the easy availability of kosher food. Local crowd, restaurants, butcher houses and stores are contributing to the sales of kosher beef through offline distribution channels. The slaughtering process of kosher beef is a complex and time-consuming process, thus manual supervision of the same without the use of technology is preferred by consumers.

The easy availability of kosher beef in various shops too is playing a key role in the increasing sales of the same. Thus, the offline distribution channel is expected to hold more than 70% market share for kosher beef for assessment period 2022-2032.

Experimenting with Loin Cuts Gaining Prominence for Kosher Beef?

Barbequed Loin Cuts Enhancing Kosher Beef’s Taste

Loin cuts are gaining large prominence across different geographical regions. This is owing to the cuts prepared on grill or under a broiler, smoked or barbequed. Among various cuts present in the market, Tenderloin, T-bone and strip steak are the most preferred type of loin cuts.

The amalgamation of different type of spices and loin cuts offers a rich and enhanced taste. Moreover, chefs too are experimenting with loin cut and serving the same in different flavors. Thus, loin cut is expected to hold nearly 40% market share for kosher beef in the forecast period 2022-2032.

Competitive Landscape

Prominent kosher beef suppliers are sourcing kosher beef organically and are exporting the same to different geographical regions.

  • In August 2021, FreshDirect partnered with Cutting Edge Foods, manufacturer of Real Fresh Kosher Beef. The company is focusing on sourcing beef directly from the origin to offer fresh beef.
  • In January 2022, Argentina’s minister of Agriculture has allowed the exportation of beef production to the Israeli market for the year 2022. This, in turn, will expand the sales of kosher beef in Israel.

Key Segments Covered in the Kosher Beef Market

  • Kosher Beef Market by Cuts :

    • Kosher Beef Brisket
    • Kosher Beef Shank Cut
    • Loin Kosher Beef Cut
    • Others Kosher Beef Cuts
  • Kosher Beef Market by Distribution Channel :

    • Online Kosher Beef Sales
    • Offline Kosher Beef Sales
  • Kosher Beef Market by Region :

    • North America
    • Latin America
    • Europe
    • Asia Pacific
    • Middle East & Africa

- FAQs -

As of 2021, kosher beef sales reached a valuation of US$ 66.65 Billion, according to Fact.MR.
By 2022-end, sales of kosher beef components are forecast to be valued at US$ 70 Billion.
Fact.MR foresees the kosher beef industry to flourish at a CAGR of 5% from 2022-2032.
By 2032, the market for kosher beef is likely to reach a value of US$ 114 Billion.
Kosher beef sales will likely flourish at a 10% CAGR in the U.S. in 2032.
China and U.S. will emerge as key kosher beef market leaders, growing at CAGRs of 8% and 10% respectively.
Loin cut is expected to hold a market share of 40% for kosher beef in the assessment period 2022-2032.
Offline distribution channel is expected to possess 70% market share of kosher beef.

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