Eggs - Israel | Statista Market Forecast

The Eggs Market in Israel is seeing minimal growth, influenced by factors such as consumer preference for traditional food products and limited availability of digital technologies. However, rising health awareness and convenience of online services may drive future growth.

Customer preferences: Consumers in Israel are increasingly favoring organic and free-range eggs, influenced by a growing focus on health and sustainability. This trend is especially prevalent among younger generations, who are more health-conscious and willing to pay a premium for ethically-sourced and environmentally-friendly products. In addition, the rise of veganism and plant-based diets in the country has led to a surge in demand for alternative egg products, such as plant-based egg substitutes. This shift towards healthier and more sustainable options is also reflected in the growing popularity of local and artisanal egg producers, as consumers prioritize supporting small businesses and buying locally-sourced products.

Trends in the market: In Israel, the Eggs Market of the Dairy Products & Eggs Market within The Food market is experiencing an increase in demand for organic and free-range eggs, as consumers become more health-conscious and environmentally aware. This trend is expected to continue, with more consumers willing to pay a premium for ethically produced eggs. Additionally, there is a growing trend of plant-based egg alternatives, such as vegan egg replacers, which cater to the rising number of vegetarians and vegans in the country. This shift towards more sustainable and plant-based options has the potential to disrupt traditional egg production methods and create opportunities for alternative protein sources.

Local special circumstances: In Israel, the Eggs Market of the Dairy Products & Eggs Market within The Food market is heavily influenced by the country's religious and dietary customs. The majority of the population follows kosher dietary laws, which requires eggs to be produced in accordance with specific guidelines. This has led to the development of a niche market for kosher eggs, with strict regulations and certifications in place. Additionally, the country's small size and high population density has resulted in a strong demand for locally sourced and fresh products, driving the growth of the domestic eggs market.

Underlying macroeconomic factors: The performance of the Eggs Market of the Dairy Products & Eggs Market within The Food market in Israel is influenced by various macroeconomic factors. Global economic trends, such as changing consumer preferences and increasing demand for healthy and natural food products, impact the market growth. The national economic health of Israel, with its stable economic growth and low unemployment rate, also contributes to the market performance. Fiscal policies, such as government subsidies for dairy farmers and import restrictions on dairy products, further shape the market landscape. Other relevant financial indicators, including inflation rates and exchange rates, also play a role in market dynamics.

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.