Key regions: Germany, Europe, United States, China, United Kingdom
The Cinema Concessions market in Israel has been experiencing significant growth in recent years.
Customer preferences: Customers in Israel have shown a strong preference for a wide variety of concession items at cinemas. Traditional snacks such as popcorn and candy continue to be popular choices, but there has been a growing demand for healthier options as well. This includes items like fresh fruit, vegetable sticks, and organic snacks. Additionally, there is a trend towards offering more diverse and international food options, such as sushi or Mediterranean cuisine, to cater to the diverse tastes of the Israeli population.
Trends in the market: One of the key trends in the Cinema Concessions market in Israel is the emphasis on creating a unique and immersive cinema experience. Cinemas are adopting innovative strategies to attract customers, such as offering gourmet food options and craft cocktails that can be enjoyed during the movie. This trend is driven by the desire to differentiate from home entertainment options and provide an elevated experience that cannot be replicated at home. Another trend in the market is the integration of technology. Many cinemas in Israel are incorporating self-service kiosks and mobile ordering systems to streamline the concession purchasing process. This allows customers to order and pay for their snacks and drinks in advance, reducing wait times and improving overall customer satisfaction.
Local special circumstances: Israel's unique cultural landscape and diverse population have had an impact on the Cinema Concessions market. The country is known for its vibrant food scene, and this has influenced the demand for more diverse and gourmet concession options. Additionally, the large number of international tourists visiting Israel has also contributed to the demand for a wide variety of food options at cinemas.
Underlying macroeconomic factors: Israel's strong economy and high disposable income levels have played a role in the growth of the Cinema Concessions market. As people have more disposable income, they are more willing to spend on leisure activities like going to the cinema and purchasing concessions. Additionally, the growth of the tourism industry in Israel has also contributed to the increased demand for cinema concessions, as tourists often indulge in these treats while on vacation. In conclusion, the Cinema Concessions market in Israel is experiencing growth due to customer preferences for diverse and gourmet food options, the trend towards creating a unique cinema experience, the integration of technology, and the underlying macroeconomic factors such as a strong economy and high disposable income levels. The local special circumstances, including Israel's vibrant food scene and the influx of international tourists, have further contributed to the development of the market.
Data coverage:
The data encompasses B2C enterprises. Figures are based on the Cinema market, which comprises revenues from box office, advertsing and concessions. The market includes both consumer and advertising spending. All monetary figures refer to consumer spending on tickets and concessions. This spending factors in discounts, margins, and taxes.Modeling approach / market size:
The market size is determined through a bottom-up approach. We use annual financial reports of the market-leading companies and industry associations, third-party studies and reports, survey results from our primary research (e.g., Consumer Insights), as well as performance factors (e.g., user penetration, price per product, usage) to analyze the markets. To estimate the market size for each country individually, we use relevant key market indicators and data from country-specific industry associations, such as various macroeconomic indicators, historical developments, current trends, and reported performance indicators of key market players. In particular, we consider average prices and annual purchase frequencies.Forecasts:
We apply a variety of forecasting techniques, depending on the behavior of the relevant market. For instance, the S-curve function and exponential trend smoothing are well suited for forecasting digital products and services due to the non-linear growth of technology adoption. The main drivers are GDP per capita, consumer spending per capita, and 4G coverage.Additional notes:
The data is modeled using current exchange rates. The market is updated twice a year in case market dynamics change. The impact of the COVID-19 pandemic is considered at a country-specific level. The data is modeled using current exchange rates. The impact of the COVID-19 pandemic and the Russia-Ukraine war are considered at a country-specific level. The market is updated twice a year. In some cases, the data is updated on an ad hoc basis (e.g., when new, relevant data has been released or significant changes within the market have an impact on the projected development). Consumer Insights data is reweighted for representativeness.
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