Industry Overview · While the Kosher food market is a successful and rapidly growing market, it...
Transcript of Industry Overview · While the Kosher food market is a successful and rapidly growing market, it...
The Kosher industry and certification initiated in the US back
in 1898 when the Union of Orthodox Jewish Congregations
was established. In 1918 The New York State Legislature
enacted the nation’s first Kosher Food Law. Nearly a decade
after that, in 1924, the Union of Orthodox Congregations
introduced an official kashrut supervision and certification
program.
Today, the US has more than 12 million kosher consumers,
including many non-Jewish consumers. For the non-Jewish
population, there are several motives other than religious
concerns to buy kosher products – these include Islam,
veganism, eating healthier and safer, as well as overall animal
welfare. In total, the OU Kosher – the largest kosher certifying
agency- has almost 1,500 kashrut supervisors worldwide,
1,000 in the US and another 500 working abroad. The US is
also home to nearly 40% of the global Jewish population - 30%
of which are kosher consumers.
Industry Overview
2018 Kosher
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1950 1960 1970 1980 1990 2000 2010 2020
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Jewish Population Growth
Although, the global Jewish population is
relatively small (only 14.5 million in 2017) and
has been growing at a very moderate pace since
1950, the Kosher Market has proved to be very
successful and has achieved wide-spread growth
both in the US and globally.
Today, the global kosher food market size is estimated at $24
billion. It is rapidly growing at a CAGR of 11.6% and is
expected to reach $60 billion by 2025. Koshers successful
model serves as a great benchmark for the food certification
market globally.
24,148 26,949
30,075
33,564
37,457
41,802
46,652
52,063
60,000
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10,000
20,000
30,000
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60,000
70,000
2017 2018 2019 2020 2021 2022 2023 2024 2025
Kosher Food Market Size 2017 - 2025
While the Kosher food market is a successful and rapidly
growing market, it remains small and incomparable to the
Halal Food market – a market estimated at $1.3 trillion in
2017. The Halal Food Market is, in fact, 50 times as big as the
Kosher Food Market and is also continuing to grow at CAGR of
7.6%.
Industry Overview
2018 Halal
24 27 30 34 37 42 47 52 60
1,339 1,441
1,550 1,668
1,794
1,930
2,076
2,234
2,403
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500
1,000
1,500
2,000
2,500
3,000
2017 2018 2019 2020 2021 2022 2023 2024 2025
US
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Kosher Food Market Size Vs. Halal Food Market Size
Kosher Food Market Halal Food Market
In addition to this, unlike Kosher, the Halal Market is not restricted to
food. It widely involves seven other sectors, including Finance,
Fashion, Tourism, Media, Pharmaceuticals, Cosmetics, and
Healthcare, which bring up its combined market size to $6.3 trillion in
2017 and average CAGR across sectors of 7.9%. The eight sectors will
combine to reach a market of almost $10 Trillion by 2022.
1,339 1,441 1,550 1,668 1,794 1,930 2,076 2,234 2,403
4,126 4,479
4,863 5,279
5,731 6,221
6,753
7,331
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6,000
8,000
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12,000
14,000
2017 2018 2019 2020 2021 2022 2023 2024 2025
US
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Halal Market Size By Sector
Halal Food Market Islamic Fianance Halal Tourism Halal Fashion
Halal Entertainment Halal Pharma Halal Cosmetics Halal Healthcare
Moreover, the global Muslim population today stands at 1.8 billion, more
than 120 times larger than the current global Jewish population of 14.5 million. These indicators collectively show a growing potential demand for Halal certified products and services, increasing the probability of success for Halal certification opportunity, given the success of Kosher certification market.
11.3 12.1 12.6 12.8 12.9 12.9 13.4 14.8
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2,000.0
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Jews Population Vs. Muslim Population
Global Jews Population Global Muslim Population
Initial Inspection Assessing the current status of a product and preparing the right certification package
Kosher Advisory/Consultation Assisting and supporting the production site to reach adherence to kashrut
Certification General Kosher Certificate Special Kosher Certificate (Kosher for Passover, Kosher-Dairy, Kosher-Meat)
Kosher Periodic Supervision: Maintaining Kosher Certification requires regular periodic kosher supervisory visits
Kosher Certification Market In 2017, the Kosher Certification Market revenues was estimated to be $286 million and is expected to grow to $687 million by 2025. OU Kosher is the market leader with a market share of 70%.
Kosher Business Model
200 223
249 278
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346
386
431
481
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443
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552
616
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800
2017 2018 2019 2020 2021 2022 2023 2024 2025
US
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Kosher Certification Market
OU Certification Revenue Total Kosher Certification Revenue
About the Organization
The Union of Orthodox Jewish Congregations of America was founded in 1898
Based in New York, the OU Kosher is an arm of the larger OU organization that was
founded in 1924. It is the world’s largest and most widely recognized kosher certification
agency – it is the market leader with 70% market share
Kosher OU offers the service of granting kosher certificate to products after the inspection of
ingredients and process by their rabbinic representatives. They offer different services
through their website and mobile application to allow the consumer to verify if a product or
restaurant is kosher certified
Quick Facts:
OU Certified over 1 million products and ingredients on nearly 9,000 plants in 104 countries
OU has nearly 1,500 rabbinic field representatives located across North America and
throughout the world
The Orthodox Union database contains information on more than 256,402 food ingredients
A Brief Overview of OU Kosher
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