Key regions: Spain, Japan, China, Philippines, United Kingdom
The Food market in Israel is seeing steady growth in the Spreads & Sweeteners sub-markets, driven by increasing consumer health awareness and the convenience offered by online services. However, the overall market growth is minimal due to factors such as limited product variety and competition from traditional spreads and sweeteners.
Customer preferences: Consumers in Israel are increasingly seeking healthier and more natural options in the Spreads & Sweeteners Market within The Food market. This trend is driven by a growing awareness of the negative effects of artificial ingredients and a desire for more authentic and traditional products. As a result, there has been a surge in demand for organic and all-natural spreads and sweeteners, as well as a preference for locally sourced products. This shift is also influenced by a growing interest in sustainable and ethical consumption, as consumers prioritize products that align with their values.
Trends in the market: In Israel, the Spreads & Sweeteners Market within The Food market is experiencing a surge in demand for natural and organic products. This trend is driven by consumers' growing preference for healthier and more sustainable options. Additionally, there is a rise in the use of alternative sweeteners, such as stevia and monk fruit, as consumers become more health-conscious and seek to reduce their sugar intake. These trends are significant as they reflect a shift towards healthier eating habits and present opportunities for industry stakeholders to capitalize on the growing demand for natural and alternative sweeteners. However, this may also pose challenges for traditional sugar-based companies.
Local special circumstances: In Israel, the Spreads & Sweeteners Market within The Food market is heavily influenced by the country's cultural and religious diversity. With a large population of Jewish and Muslim consumers, there is a high demand for kosher and halal certified products. This has led to the development of specialized spreads and sweeteners that meet these dietary restrictions. Additionally, Israel's location in the Mediterranean region has also influenced the market, with a preference for natural and healthy ingredients. These factors contribute to the unique dynamics of the Spreads & Sweeteners Market in Israel, setting it apart from other markets.
Underlying macroeconomic factors: The Spreads & Sweeteners Market within The Food market in Israel is heavily influenced by macroeconomic factors such as global economic trends, national economic health, fiscal policies, and other relevant financial indicators. Israel's strong economic growth and stability have contributed to the expansion of The Food market, including the Spreads & Sweeteners Market. In addition, Israel's favorable regulatory environment and investments in food technology have also played a crucial role in driving market growth. Moreover, the rising health consciousness among consumers and the increasing prevalence of chronic diseases have led to a higher demand for healthier and natural sweeteners, further propelling the growth of the Spreads & Sweeteners Market in Israel.
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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