Key regions: India, United States, Japan, United Kingdom, China
The Bread market in Israel is seeing modest growth due to factors such as consumer preference for traditional bread, limited variety of bread products, and slow adoption of digital technologies in the food industry. However, increasing health consciousness and convenience of online bread services may drive growth in the future.
Customer preferences: Consumers in Israel are increasingly opting for healthier and more diverse bread options, such as whole grain, gluten-free, and artisanal breads. This trend is fueled by a growing awareness of the importance of a balanced diet and a desire for more natural and authentic products. Additionally, with the rise of health and wellness trends, there has been a surge in demand for alternative flours, such as almond and coconut flour, for gluten-free and low-carb diets. This shift towards healthier and more specialized bread options is also driven by the increasing purchasing power of health-conscious millennials in the country.
Trends in the market: In Israel, the Bread Market within the Bread & Cereal Products Market is seeing a shift towards healthier and more diverse options. Consumers are increasingly seeking out gluten-free, whole grain, and artisanal breads. This trend is driven by a growing awareness of health and wellness, as well as a desire for variety and convenience. As a result, bakeries are investing in new production methods and ingredients to cater to these demands. Additionally, the rise of e-commerce and online grocery shopping is allowing for easier access to specialty breads. This trend is expected to continue, with potential implications for traditional bread producers and retailers who may need to adapt to changing consumer preferences and market dynamics.
Local special circumstances: In Israel, the Bread Market of the Bread & Cereal Products Market within The Food market is heavily influenced by the country's diverse cultural preferences and strict kosher regulations. The demand for unleavened bread during Passover and the popularity of traditional Jewish breads like challah and bagels shape the market. Additionally, the country's small size and high population density create a unique demand for convenient and accessible bread options, leading to the popularity of street vendors and small local bakeries.
Underlying macroeconomic factors: The Bread Market of the Bread & Cereal Products Market within The Food market in Israel is greatly impacted by macroeconomic factors such as the country's overall economic health, government policies, and global economic trends. Israel has a stable and growing economy, with a high level of innovation and technological advancement. This has led to a strong demand for high-quality and innovative bread products, driving the growth of the market. Additionally, the government's support for the food industry and investments in infrastructure and technology have further boosted the market's growth. Furthermore, the increasing health consciousness among consumers, coupled with the rising prevalence of chronic diseases, has led to a demand for healthier and more nutritious bread options, further driving the growth of the market.
Data coverage:
The data encompasses B2C enterprises. Figures are based on the total consumer spending on food, which comprises all private household spending on food that is meant for at-home consumption (out-of-home consumption is not accounted for).Modeling approach:
Market sizes are determined through a top-down approach, building on specific predefined factors for each market segment. As a basis for evaluating markets, we use resources from the Statista platform as well as in-house market research, national statistical offices, international institutions, trade associations, companies, the trade press, and the experience of our analysts. In addition, we use relevant key market indicators and data from country-specific associations, such as GDP, consumer spending, and consumer price index. This data helps us estimate the market size for each country individually.Forecasts:
In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the relevant market. For example, the exponential trend smoothing is well suited for forecasting the Food market with a projected steady growth. The main drivers are GDP per capita and consumer spending per capita.Additional notes:
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.
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