Key regions: Canada, Japan, United Kingdom, South Korea, United States
The Butter Market in Israel is experiencing minimal growth, influenced by factors such as fluctuating dairy prices, changing consumer preferences towards healthier alternatives, and the competitive landscape within the Oils & Fats segment of The Food market.
Customer preferences: Consumers in Israel are increasingly gravitating towards plant-based alternatives, reflecting a broader trend of health consciousness and environmental awareness. This shift is influenced by younger demographics prioritizing sustainable living and dietary diversity. Additionally, traditional culinary practices are evolving, as families experiment with diverse fats and oils that align with Mediterranean diets. The rise of social media is further amplifying these preferences, as influencers promote healthier cooking methods and innovative recipes, reshaping the butter market landscape.
Trends in the market: In Israel, the Butter Market within the Oils & Fats sector is experiencing a notable shift towards plant-based butter alternatives, driven by health-conscious consumers and environmental considerations. Younger generations are particularly focused on sustainable eating practices, leading to an increased demand for products made from nuts, seeds, and other plant sources. Traditional butter usage is declining as families explore diverse cooking methods and healthier recipes. This trend is significant for industry stakeholders, as it opens opportunities for innovation and product diversification while challenging conventional dairy butter producers to adapt to changing consumer preferences.
Local special circumstances: In Israel, the Butter Market within the Oils & Fats sector is uniquely influenced by cultural dietary practices and a strong emphasis on health and wellness. The Mediterranean diet, prevalent in the region, promotes the use of olive oil and plant-based fats, which has contributed to the growing popularity of alternative butter products. Additionally, Israel's diverse population fosters a demand for innovative flavors and ingredients, pushing manufacturers to create unique blends. Regulatory frameworks also encourage transparency in food labeling, driving consumers towards healthier, plant-based options and reshaping traditional butter consumption.
Underlying macroeconomic factors: The Butter Market within Israel's Oils & Fats sector is shaped by macroeconomic factors such as rising consumer health awareness, economic stability, and global supply chain dynamics. As disposable incomes rise, consumers are increasingly willing to invest in premium butter and alternative spreads, reflecting a shift towards health-conscious eating. Additionally, fluctuations in global commodity prices for dairy and plant oils can directly impact local production costs. National agricultural policies promoting sustainability and innovation also encourage the development of new butter products, while trade agreements facilitate access to diverse raw materials, enhancing market competitiveness.
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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