Food - Israel | Statista Market Forecast

Food - Israel

Israel

Highlights

Revenue in the Food market amounts to US$38.79bn in 2024. The market is expected to grow annually by 5.62% (CAGR 2024-2029).
The market's largest segment is the segment Confectionery & Snacks with a market volume of US$8.69bn in 2024.
In global comparison, most revenue is generated China (US$2tn in 2024).
In relation to total population figures, per person revenues of US$4.17k are generated in 2024.
In the Food market, 2.3% of total revenue will be generated through online sales by 2024.
In the Food market, volume is expected to amount to 7.45bn kg by 2029. The Food market is expected to show a volume growth of 3.5% in 2025.0.
The average volume per person in the Food market is expected to amount to 679.30kg in 2024.

Key regions:

Definition:

The food market covers all edible products that are bought and consumed for nutrient-based purposes. The market includes both fresh and processed foods.

Structure:

The market consists of 13 different markets:

The Dairy products & Eggs market covers animal products, such as milk, eggs and products made from mammal’s milk and non-animal products, such as milk substitutes. This market is divided into six subsegments that include milk, milk substitutes, yogurt, cheese, eggs and other dairy products and eggs.
The Meat market covers animal products, such as pork, poultry, and free-from meat products, such as meat substitutes. This market is divided into three submarkets: fresh meat, processed meat, and meat substitutes.
The Fish & Seafood market covers products made from fish and seafood. This market is divided into three submarkets: fresh fish, fresh seafood, and processed fish & seafood.
Fruits & Nuts cover edible fruits and nuts. This market is divided into three submarkets: fresh fruits, processed & frozen fruits, and nuts.
The Vegetables market covers edible plants. This market is divided into two submarkets: fresh vegetables, processed & frozen vegetables.
The Bread & Cereal products market covers baked goods made from dough. Dough is made using flour, water, a leavening agent, and other optional ingredients. This market also covers products made from cereals that are usually used as part of a main meal. This market is divided into five submarkets: bread, pasta, rice, breakfast cereals and other cereal products.
The Oils and Fats market covers both edible oils and fats made from animals and plants. This market is divided into four submarkets: butter, margarine, edible oils, and other oils & fats.
The Sauces and Spices market covers additional ingredients used during the food preparation process and is divided into three submarkets: tomato ketchup, other sauces, and spices & culinary herbs.
The Convenience food market covers prepared food and meals that require little effort to prepare. This market is divided into two subsegments, soups and ready-to-eat meals.
The Spreads and Sweeteners market covers spreads and ingredients added to food or beverages to give it a sweet flavor. This market is divided into two subsegments, spreads and sweeteners.
The Confectionery & Snacks market covers sweet, savory, and salty food. This market is divided into two subsegments, confectionery and snacks.
The Baby food market covers food that is only meant to be consumed by babies and small children.
The Pet food market covers food that is intended for pet use only.

Additional Information:

The market comprises revenue and average revenue per capita, volume and average volume per capita, price per unit (unit refers to kilogram), and sales channels. The market encompasses retail sales through both online and offline sales channels to private end customers (B2C). The market only covers at-home consumption; out-of-home consumption is not included. The out-of-home revenue data is only shown as a separate box at the market level.

For more information on the displayed data, click the info button on the right side of each box.

Market definitionIn-Scope/Out-of-scopeMarket structureReportsMethodology

The Food market in Israel is experiencing minimal growth, influenced by factors such as increasing health consciousness, convenience of online services, and adoption of digital technologies. The sub-markets, including Dairy Products & Eggs and Meat, Fish & Seafood, contribute to this trend. Other factors, such as changing dietary preferences and demand for convenience food, also impact the market's growth rate.

Customer preferences: As the Israeli population becomes more health-conscious, there has been a rise in demand for organic and locally-sourced food products. Consumers are also gravitating towards plant-based and alternative protein options, influenced by the country's strong vegetarian and vegan culture. The growing interest in sustainable and ethical consumption is also reflected in the use of food delivery apps that offer eco-friendly packaging and support small, independent businesses.

Trends in the market: In Israel, The Food market industry is experiencing a surge in demand for organic and locally sourced products, as consumers become more conscious about the environmental and health impact of their food choices. This trend is expected to continue, with the government implementing policies to promote sustainable agriculture and reduce food waste. Additionally, there is a growing preference for plant-based and alternative protein products, driven by health and ethical considerations. These trends present opportunities for industry stakeholders to innovate and cater to the changing preferences of consumers, while also addressing concerns around food security and sustainability.

Local special circumstances: In Israel, The Food market is heavily influenced by the country's diverse cultural background and its focus on healthy and sustainable food options. With a high proportion of vegetarians and vegans, the market has seen a surge in plant-based food products and ethical food sourcing practices. Additionally, the Israeli government has implemented strict regulations on food labeling and safety, promoting transparency and trust among consumers. This unique combination of cultural and regulatory factors sets the Israeli Food Market apart from others, shaping its dynamic growth and consumer preferences.

Underlying macroeconomic factors: In Israel, The Food market is heavily influenced by macroeconomic factors such as economic stability, government policies, and global market trends. The country's strong economy and favorable trade agreements have contributed to the growth of The Food market. Additionally, government initiatives to promote food exports and investments in research and development have also played a significant role in driving market growth. Moreover, as the population continues to grow and consumer preferences shift towards healthier food options, the demand for innovative and sustainable food products is on the rise. These factors, combined with Israel's robust technological capabilities and strategic location, make it a highly attractive market for food businesses.

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.