Key regions: Russia, Spain, South Korea, Philippines, United States
The Yogurt Market in Israel has seen steady growth, influenced by factors such as rising health consciousness and the convenience of online services. However, the market's minimal growth rate is being impacted by increasing competition and fluctuating consumer preferences.
Customer preferences: Consumers in Israel are increasingly gravitating towards healthier and more natural food options, with a growing demand for organic and plant-based products. This trend is reflected in the yogurt market, as consumers prioritize products with no artificial flavors or preservatives. Additionally, there is a growing interest in probiotic and gut-friendly yogurts, as awareness about the importance of gut health and its connection to overall well-being increases. This shift towards healthier and more natural options is influenced by cultural values and a desire for a more holistic approach to wellness.
Trends in the market: In Israel, the Yogurt Market of the Dairy Products & Eggs Market within The Food market is experiencing a rise in demand for organic and plant-based options, as consumers become more health-conscious and environmentally aware. This trend is expected to continue, with companies investing in research and development to cater to this growing demand. Additionally, there is a rise in popularity of yogurt as a convenient and nutritious snack, leading to new product launches with innovative flavors and packaging. These trends are significant for industry stakeholders as they present opportunities for growth and differentiation, but also pose challenges in terms of competition and meeting changing consumer preferences.
Local special circumstances: In Israel, the Yogurt Market of the Dairy Products & Eggs Market within The Food market has seen significant growth due to the country's high consumption of dairy products and strong dairy industry. The market is also influenced by the country's diverse demographics, with a large population of health-conscious consumers driving demand for yogurt with added health benefits. Additionally, Israel's strict regulations on food labeling and product quality have resulted in a high level of consumer trust and loyalty towards locally produced yogurt brands.
Underlying macroeconomic factors: The Yogurt Market of the Dairy Products & Eggs Market within The Food market in Israel is heavily influenced by macroeconomic factors such as national economic health, fiscal policies, and global economic trends. Israel's stable and growing economy, driven by a strong technology sector, has led to increased consumer spending and demand for high-quality dairy products, including yogurt. Additionally, government initiatives promoting healthy eating habits and a growing health-conscious population have also contributed to the growth of the yogurt market in Israel. The country's favorable regulatory environment and strong investment in dairy production have also played a role in driving market performance. Furthermore, the increasing trend of veganism and lactose-free diets has created new opportunities for dairy alternatives, including plant-based yogurt, in the Israeli market.
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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