Convenience Food - Israel

Israel

Revenue in the Convenience Food market amounts to US$2.06bn in 2024. The market is expected to grow annually by 5.32% (CAGR 2024-2029).
In global comparison, most revenue is generated in China (US$154bn in 2024).
In relation to total population figures, per person revenues of US$221.60 are generated in 2024.
In the Convenience Food market, volume is expected to amount to 201.00m kg by 2029. The Convenience Food market is expected to show a volume growth of 3.2% in 2025.
The average volume per person in the Convenience Food market is expected to amount to 18.4kg in 2024.

Key regions: Canada, China, Spain, Japan, Philippines

Market

Region

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Currency

Analyst Opinion

The Convenience Food Market in Israel has shown minimal growth due to factors such as the increasing availability of ready-to-eat meals and soups, as well as the convenience they offer to consumers. Additionally, the rising health awareness among consumers has led to a shift towards healthier convenience food options. However, the market is also impacted by challenges such as changing consumer preferences and competition from home-cooked meals.

Customer preferences: Convenience and speed have become crucial factors for consumers in the Israeli food market, leading to a growing demand for ready-to-eat and on-the-go options. This trend is driven by busy lifestyles, as well as a growing number of working professionals and single-person households. As a result, there has been a rise in the popularity of convenience stores and food delivery services. Additionally, there is a growing preference for healthier convenience food options, such as salads and fresh fruit, reflecting a shift towards more health-conscious lifestyles. These changes in consumer preferences are also influenced by the increasing availability and accessibility of international cuisine, offering a wider variety of convenient and healthy options.

Trends in the market: In Israel, the Convenience Food market is experiencing a rise in demand for healthier, natural options. This trend is driven by consumer demand for convenience without compromising on health and wellness. Additionally, there is a growing popularity of plant-based and vegetarian options, as well as a focus on locally sourced ingredients and sustainable packaging. These trends are expected to continue in the coming years, presenting opportunities for industry stakeholders to innovate and cater to the changing preferences of consumers. This could also lead to potential partnerships and collaborations with local farmers and producers to support the trend of sustainability.

Local special circumstances: In Israel, the Convenience Food Market is heavily influenced by the country's unique cultural and religious dietary restrictions. With a large Jewish population, kosher certification is a key factor in the market, with many brands and products catering to this demand. Additionally, the convenience food market is also influenced by the country's strong emphasis on health and wellness, leading to the popularity of organic and natural convenience food options. The market is also impacted by the country's high-tech image, with many brands incorporating technology into their products and services to appeal to the tech-savvy population.

Underlying macroeconomic factors: The Convenience Food Market within The Food market in Israel is heavily influenced by macroeconomic factors such as consumer spending habits, government regulations, and investment in the food industry. The Israeli economy has been steadily growing in recent years, with a focus on promoting innovation and entrepreneurship. This has led to an increase in consumer disposable income and a growing demand for convenience food products. Additionally, the Israeli government has implemented various regulations and policies to ensure food safety and quality, which has positively impacted the market. Furthermore, investments in the food industry, both by local and international companies, have contributed to the growth of the Convenience Food Market in Israel. These factors, along with the rising urbanization and changing lifestyles, are expected to continue driving the growth of the market in the coming years.

Methodology

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.