Key regions: Canada, South Korea, United Kingdom, Japan, Philippines
The Cheese Substitutes Market in Israel is experiencing minimal growth due to factors such as consumer preference for traditional dairy products and limited availability of dairy-free options. However, the market is slowly expanding due to increasing health consciousness and demand for plant-based alternatives.
Customer preferences: As plant-based diets gain popularity in Israel, consumers are increasingly turning to cheese substitutes made from alternative sources such as nuts, soy, and coconut. This trend is driven by the rising demand for healthier and more sustainable food options. Additionally, there is a growing interest in dairy-free alternatives among those with lactose intolerance or dairy allergies. This shift towards non-dairy cheese substitutes is also influenced by cultural and religious dietary restrictions.
Trends in the market: In Israel, the Cheese Substitutes Market within the Dairy Products & Eggs Market is experiencing a surge in demand for plant-based options, driven by the growing health and environmental consciousness among consumers. This trend is expected to continue, with an increasing number of consumers opting for dairy-free alternatives such as soy, almond, and coconut-based cheese substitutes. This shift towards non-dairy cheese substitutes is significant as it presents an opportunity for industry players to capitalize on this evolving consumer preference. Additionally, this trend has the potential to impact the traditional dairy industry, with a potential decline in sales of dairy-based cheese products. As such, industry stakeholders should closely monitor this trend and strategically adapt their product offerings to cater to the changing market demands.
Local special circumstances: In Israel, the Cheese Substitutes Market of the Dairy Products & Eggs Market within The Food market is heavily influenced by the country's strict kosher regulations. This has resulted in a market dominated by dairy-free cheese alternatives made from plant-based ingredients, catering to the large Jewish population. Additionally, the country's Mediterranean climate and cultural preference for healthy eating have led to a growing demand for vegan and organic cheese substitutes in recent years.
Underlying macroeconomic factors: The Cheese Substitutes Market in Israel is impacted by macroeconomic factors such as global economic trends, national economic health, fiscal policies, and other relevant financial indicators. Israel has a strong and stable economy with a favorable business environment and significant government investments in research and innovation. This creates a conducive environment for the growth of the Cheese Substitutes Market, as companies can easily access resources and funding for product development and expansion. Additionally, the increasing health consciousness and dietary preferences towards plant-based products are driving the demand for cheese substitutes in the country, further boosting 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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