Key regions: Philippines, United States, Canada, India, China
The Bread & Cereal Products market in Israel is facing minimal growth due to factors such as low consumer awareness of digital technologies, limited online health services, and traditional food preferences. This stagnant growth rate can be attributed to the dominance of traditional food markets and the slow adoption of digital platforms in the country.
Customer preferences: As Israel's population becomes more health-conscious, there has been a noticeable increase in demand for whole grain and gluten-free bread and cereal products. This trend is driven by a growing awareness of the benefits of a healthy diet and a rise in gluten intolerance cases. Additionally, there has been a shift towards convenience and on-the-go options, with single-serve and portable cereal and bread products gaining popularity.
Trends in the market: In Israel, the Bread & Cereal Products Market is experiencing a surge in demand for healthier and more diverse options, such as gluten-free and organic products. This trend is driven by the increasing awareness of the importance of a healthy diet and the rise in health-conscious consumers. As a result, industry players are investing in research and development to cater to these evolving preferences. Furthermore, the use of technology in food production and distribution is on the rise, with the implementation of online ordering and delivery services. This not only allows for greater accessibility to a wider range of products, but also enhances efficiency and reduces costs for both businesses and consumers. With these trends expected to continue, industry stakeholders must adapt and innovate to remain competitive in the evolving market.
Local special circumstances: In Israel, the Bread & Cereal Products Market within The Food market is influenced by the country's diverse cultural landscape, where both Jewish and Arab communities have distinct preferences and dietary restrictions. Additionally, the geographical location of Israel has a significant impact on the types of ingredients and products available, with a focus on local and regional sourcing. Government regulations also play a role in the market, with strict kosher certification requirements for certain products. These unique factors contribute to the dynamic and diverse nature of the market in Israel.
Underlying macroeconomic factors: The Bread & Cereal Products Market in Israel is heavily influenced by macroeconomic factors such as global economic trends, national economic health, and fiscal policies. The country's stable economic growth and strong investment in infrastructure have created a favorable environment for market growth. Additionally, Israel's growing population and rising disposable income levels have led to an increased demand for convenient and affordable food options, driving the growth of the Bread & Cereal Products Market. Furthermore, government initiatives promoting healthy eating habits and increasing consumer awareness about the importance of nutrition have also contributed to market growth.
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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