Key regions: India, Canada, China, United States, Russia
The Milk Substitutes Market in Israel is experiencing steady growth due to the rising demand for healthier alternatives to dairy products, driven by health consciousness and convenience. This market's average growth rate is influenced by factors such as increasing vegan and lactose-free diets, as well as the availability of a wide range of milk substitute options.
Customer preferences: As a growing number of consumers seek healthier and more sustainable dietary options, the demand for plant-based milk substitutes is on the rise in Israel. This trend is influenced by cultural norms and values, as well as the increasing popularity of vegan and vegetarian diets. Furthermore, the rise of lactose intolerance and dairy allergies among certain demographic groups has also contributed to the growth of the milk substitutes market. As a result, there has been an increase in the availability and variety of milk substitutes, such as almond, soy, and coconut milk, catering to the diverse preferences of consumers.
Trends in the market: In Israel, the Milk Substitutes Market of the Dairy Products & Eggs Market within The Food market is seeing a rise in demand for plant-based milk alternatives, driven by health-conscious consumers and those with dietary restrictions. This trend is expected to continue, with an increasing number of dairy producers diversifying their product offerings to include milk substitutes. Additionally, there is a growing trend towards sustainable and ethical food choices, which is also driving the demand for plant-based milk substitutes. This trend is significant for industry stakeholders as it presents opportunities for growth and innovation in the market. It also has potential implications for the traditional dairy industry, as it may face competition and need to adapt to changing consumer preferences.
Local special circumstances: In Israel, the Milk Substitutes Market of the Dairy Products & Eggs Market within The Food market is heavily influenced by the country's strict kosher regulations. This has led to a demand for plant-based milk substitutes that are certified kosher, providing opportunities for local companies to innovate in this sector. Additionally, the country's hot and dry climate has led to a focus on dairy alternatives that are more sustainable and environmentally friendly. These factors have contributed to the growth of the milk substitutes market in Israel, setting it apart from other global markets.
Underlying macroeconomic factors: The Milk Substitutes Market of the Dairy Products & Eggs Market within The Food market in Israel is greatly influenced by macroeconomic factors such as the country's economic stability, government policies, and global economic trends. With Israel being a developed country, it has a strong economy and stable political environment, making it an attractive market for businesses. The government's support for dairy substitutes and investments in the food industry have also contributed to the growth of the market. Furthermore, global demand for dairy alternatives and increasing health consciousness among consumers are driving the demand for milk substitutes in Israel. The country's growing population and increasing disposable income also play a significant role in the market's 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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