Key regions: Russia, India, Canada, Japan, South Korea
The Milk Market in Israel is facing minimal growth, impacted by factors such as fluctuating consumer demand, increasing competition, and changing dietary preferences. Despite this, the Dairy Products & Eggs Market within The Food market in Israel is steadily growing due to the convenience of online services and rising health consciousness among consumers.
Customer preferences: Consumers in Israel are increasingly opting for plant-based milk alternatives, such as almond and soy milk, due to health and environmental concerns. Additionally, there is a growing preference for organic and locally sourced dairy products, as consumers become more conscious of the quality and source of their food. This trend is also fueled by the rise of vegetarian and vegan diets in the country. As a result, there has been a decline in traditional dairy consumption, with a shift towards alternative dairy products.
Trends in the market: In Israel, the Milk Market of the Dairy Products & Eggs Market within The Food market is seeing a trend towards increased demand for organic and plant-based milk products. This is driven by the growing health consciousness among consumers, as well as concerns over animal welfare and the environment. Additionally, there is a growing focus on innovative packaging and labeling to attract consumers. These trends are expected to continue, with potential implications for industry stakeholders such as increased competition and the need for product differentiation.
Local special circumstances: In Israel, the Milk Market of the Dairy Products & Eggs Market within The Food market is heavily influenced by the country's strict kosher regulations. These regulations prohibit the mixing of dairy and meat products, making it challenging for dairy companies to expand their product lines. Additionally, Israel's small geographical size and limited natural resources also pose challenges for dairy production, leading to higher prices for dairy products. These unique local factors play a significant role in shaping the dynamics of the Milk Market in Israel.
Underlying macroeconomic factors: The Milk Market of the Dairy Products & Eggs Market within The Food market in Israel is affected by macroeconomic factors such as population growth, consumer spending power, and trade policies. Israel has a growing population with a high demand for dairy products and eggs, resulting in increased market demand. The country also has a strong economy with high levels of consumer spending power, leading to higher consumption of dairy products and eggs. Additionally, Israel has favorable trade policies that promote the import and export of dairy products and eggs, further driving market growth. However, the market may be hindered by global economic trends, such as fluctuating commodity prices and trade tensions, which can impact market performance.
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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