Sweeteners - Israel | Statista Market Forecast

The Sweeteners Market in Israel is experiencing minimal growth due to various factors such as the increasing demand for natural sweeteners like honey, rising health consciousness among consumers, and the convenience of online shopping for these products. This growth rate may also be impacted by the competition between sugar and artificial sweeteners in the market.

Customer preferences: As health and wellness awareness continues to rise in Israel, consumers are becoming more selective in their food choices, leading to a growing demand for natural and organic sweeteners. This trend is driven by a desire for healthier alternatives to traditional sugar and artificial sweeteners. Additionally, there has been an increase in the popularity of plant-based sweeteners, reflecting a growing interest in plant-based diets and sustainable living.

Trends in the market: In Israel, the Sweeteners Market of the Spreads & Sweeteners Market within The Food market is experiencing a surge in demand for natural and healthier sweeteners, such as stevia and monk fruit. This trend is driven by the increasing health consciousness among consumers and their preference for less processed and artificial ingredients. The trajectory of this trend is expected to continue, with more companies launching products with natural sweeteners and government regulations promoting healthier food options. This presents an opportunity for industry stakeholders to tap into this growing market segment and cater to the changing preferences of consumers. Additionally, this trend has the potential to impact the traditional sugar market, as consumers shift towards healthier alternatives.

Local special circumstances: In Israel, the Sweeteners market is heavily influenced by the country's strict dietary laws, which prohibit the consumption of certain ingredients such as pork and shellfish. This has led to a growing demand for alternative sweeteners, such as date syrup and honey, which are considered kosher. Additionally, the country's strong focus on health and wellness has resulted in a high demand for natural and organic sweeteners. The market is also impacted by the country's small size and limited agricultural resources, leading to a reliance on imports for certain sweeteners.

Underlying macroeconomic factors: The Sweeteners Market of the Spreads & Sweeteners Market within The Food market in Israel is influenced by several macroeconomic factors. Firstly, Israel's strong economy and stable political environment have created a favorable business climate for the food industry. Secondly, the growing trend of health consciousness among consumers has led to an increased demand for natural and healthier sweeteners. Thirdly, the government's policies promoting healthy eating habits and reducing sugar consumption have also impacted the market. Moreover, the increasing disposable incomes and changing lifestyles of the population have created a demand for convenient and affordable sweeteners. Lastly, the global trend of clean-label ingredients and the rising awareness of artificial sweeteners' negative health effects have also influenced the 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.