Key regions: Canada, Philippines, China, Spain, India
The Spreads Market in Israel is seeing minimal growth, influenced by factors such as the increasing health-consciousness among consumers and the convenience of online options. The sub-markets of Jams & Marmalades, Chocolate Spreads, and Peanut Butter all contribute to this trend.
Customer preferences: As health and wellness continue to be key priorities among Israeli consumers, the demand for natural and organic spreads and sweeteners is on the rise. This trend is driven by a growing awareness of the benefits of clean eating and the impact of food choices on overall health. Additionally, there is a growing preference for plant-based spreads and sweeteners among health-conscious consumers, reflecting a shift towards more sustainable and ethical food choices. This is further amplified by the increasing influence of vegan and vegetarian lifestyles in Israeli culture.
Trends in the market: In Israel, the Spreads & Sweeteners Market within The Food market is experiencing a shift towards healthier and more natural options. Consumers are increasingly seeking out spreads and sweeteners made with natural ingredients, such as honey or maple syrup, instead of artificial sweeteners. This trend is driven by a growing focus on health and wellness, as well as an increasing awareness of the negative effects of artificial ingredients. As a result, there has been a rise in the availability of organic and all-natural spreads and sweeteners in the market. This trend is expected to continue, with potential implications for industry stakeholders to invest in and promote healthier options to meet consumer demand.
Local special circumstances: In Israel, the Spreads & Sweeteners Market within The Food market is heavily influenced by the country's strict kosher laws, which require all food products to meet certain dietary restrictions. This has led to a unique market for spreads and sweeteners that are certified kosher, catering to the large Jewish population in the country. Additionally, Israeli cuisine is known for its use of spreads and dips, creating a high demand for a variety of flavors and options in the market. The country's focus on health and wellness also drives the market, with an increasing demand for natural and organic spreads and sweeteners.
Underlying macroeconomic factors: The Spreads Market of the Spreads & Sweeteners Market within The Food market in Israel is heavily influenced by macroeconomic factors such as consumer spending, government policies, and global trade agreements. Israel has a strong economy with a high level of innovation and technological advancements, which has led to a growing demand for high-quality food products, including spreads and sweeteners. Additionally, the country's favorable regulatory environment and investments in food infrastructure have also contributed to the growth of the market. However, the recent economic downturn and political instability in the region have caused a decrease in consumer spending, resulting in a slight slowdown in market growth. Nevertheless, the increasing health consciousness among consumers and the growing trend towards natural and plant-based ingredients are expected to drive the demand for healthier spreads and sweeteners, leading to market growth in the coming years.
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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