Key regions: South Korea, United Kingdom, United States, Philippines, China
The Edible Oils Market in Israel is experiencing minimal growth, influenced by factors such as market saturation, shifting consumer preferences towards healthier fats, and economic fluctuations that affect purchasing power and demand for premium products.
Customer preferences: Consumers in Israel are increasingly prioritizing health-conscious choices in their edible oil selections, leading to a rise in demand for oils rich in omega-3 fatty acids and plant-based options. This trend is further influenced by a growing awareness of the Mediterranean diet and its associated health benefits. Additionally, younger demographics are gravitating towards sustainable and organic products, reflecting a shift towards environmentally friendly consumption. This evolving landscape indicates a desire for transparency and quality, shaping the future of the edible oils market.
Trends in the market: In Israel, the Edible Oils Market is experiencing a notable shift towards health-oriented products, with consumers increasingly favoring oils high in omega-3 fatty acids and plant-based alternatives. This trend is propelled by heightened awareness of the Mediterranean diet's health benefits and its nutritional advantages. Additionally, younger consumers are prioritizing sustainable and organic oils, indicating a broader demand for environmentally responsible products. Industry stakeholders must adapt to this evolving landscape by enhancing transparency in sourcing and production, as well as developing innovative products that align with these health-conscious and eco-friendly preferences.
Local special circumstances: In Israel, the Edible Oils Market is uniquely shaped by its Mediterranean climate, which supports the cultivation of olive trees and other oil-producing crops. This geographical advantage fosters a strong local preference for olive oil, deeply rooted in cultural traditions. Additionally, stringent regulations regarding food safety and labeling enhance consumer trust. The increasing influence of health-conscious culinary practices, such as the Mediterranean diet, encourages innovation in high-quality, organic oils, aligning with a growing demand for transparency and sustainability in food sourcing.
Underlying macroeconomic factors: The Edible Oils Market in Israel is significantly impacted by macroeconomic factors, including global commodity prices, trade policies, and domestic agricultural productivity. Fluctuations in oilseed prices on the international market can directly affect local production costs and consumer pricing. Furthermore, Israel's trade agreements facilitate the import of diverse oils, enhancing market competition and variety. National economic health, reflected in GDP growth and consumer spending, supports increased demand for premium and organic oils. Additionally, government fiscal policies promoting sustainable agriculture and food innovation drive investments in the oils sector, aligning with consumer trends toward health and quality.
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)
