Key regions: Russia, China, Spain, Canada, United Kingdom
The Meat Market within The Food market in Israel is currently experiencing minimal growth, with factors such as changing consumer preferences towards healthier and plant-based options, stricter regulations, and increased competition from substitute products impacting the overall market. This trend is expected to continue in the near future, as consumers become more health conscious and demand for meat substitutes and alternative protein sources increases.
Customer preferences: In Israel, there has been a noticeable increase in demand for ethically sourced and sustainable meat products. This trend reflects a growing awareness of environmental and animal welfare concerns among consumers. Additionally, there has been a rise in demand for plant-based meat alternatives, driven by a growing health-conscious population and a desire to reduce meat consumption. Furthermore, the rise of health and wellness trends has also led to a demand for leaner and healthier meat options, such as organic and grass-fed meats. Overall, these shifts in consumer preferences are reshaping the traditional meat market in Israel and highlighting the importance of sustainability and health in food choices.
Trends in the market: In Israel, the Meat Market within The Food market is experiencing a rise in demand for organic and grass-fed meat products. This trend is driven by an increasing awareness of health and sustainability among consumers. Additionally, there is a growing demand for plant-based meat alternatives, particularly among younger generations. This trajectory is significant for industry stakeholders as it presents opportunities for diversification and innovation in product offerings. It also poses potential challenges for traditional meat producers who may need to adapt to changing consumer preferences. As the trend towards healthier and more sustainable eating continues, it is crucial for industry stakeholders to stay ahead of the curve and cater to evolving consumer demands.
Local special circumstances: In Israel, the Meat Market within The Food market is heavily influenced by the country's religious and cultural norms. Kosher laws play a significant role in the production and sale of meat, with strict regulations on how it is slaughtered and prepared. This has led to a smaller market size compared to other countries, as not all meat products are considered kosher. Additionally, the increasing trend towards plant-based diets among the health-conscious population has also affected the demand for meat in the market. The government's support for sustainable and ethical farming practices has also played a role in shaping the dynamics of the Meat Market in Israel.
Underlying macroeconomic factors: The Meat Market within The Food market in Israel is heavily impacted by macroeconomic factors such as global economic trends, the country's economic health, fiscal policies, and other relevant financial indicators. Israel's strong economy and stable political environment have resulted in a thriving food market, with increasing demand for meat products. However, the market is also affected by global economic fluctuations, such as changes in international trade policies, which can impact the availability and cost of imported meat products. Additionally, economic growth and increasing disposable income in Israel are driving the demand for high-quality and premium meat products, leading to the expansion of the market. However, rising inflation and changes in consumer spending patterns may also influence the market's 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.
Mon - Fri, 9am - 6pm (EST)
Mon - Fri, 9am - 5pm (SGT)
Mon - Fri, 10:00am - 6:00pm (JST)
Mon - Fri, 9:30am - 5pm (GMT)
Mon - Fri, 9am - 6pm (EST)
