The Processed & Frozen Vegetables Market in Israel is experiencing minimal growth, influenced by factors such as consumer preference for fresh produce and limited technological advancements. This trend is expected to continue due to the traditional food culture in the region.
Customer preferences: As the demand for healthy and convenient food options continues to grow, there has been a noticeable increase in the popularity of plant-based and vegetarian diets in Israel. This has led to a rise in the consumption of processed and frozen vegetables, as they offer a convenient and time-saving solution for busy individuals. Additionally, there has been a shift towards more sustainable and eco-friendly food choices, with consumers showing a preference for locally sourced and organic frozen vegetables. This trend is driven by a growing awareness of the environmental impact of food production and a desire to support local farmers.
Trends in the market: In Israel, the Processed & Frozen Vegetables Market within the Vegetables Market of The Food market is experiencing a trend towards plant-based and organic options. Consumers are becoming more health-conscious and seeking out products that are free from artificial additives and preservatives. This trend is expected to continue, with the market projected to grow at a CAGR of 5.3% from 2021 to 2026. This shift towards healthier options is significant for industry stakeholders as they must adapt their production and marketing strategies to meet the demand for natural and sustainable products. Furthermore, this trend could potentially lead to increased competition and market saturation, as more players enter the market with similar offerings.
Local special circumstances: In Israel, the Processed & Frozen Vegetables Market of the Vegetables Market within The Food market is heavily influenced by the country's limited land resources and extreme weather conditions. As a result, there is a strong focus on utilizing advanced agricultural technologies to increase productivity and extend the shelf life of vegetables. Additionally, the Israeli government has strict regulations in place for food safety and quality, which has led to the development of innovative processing and freezing techniques in the market.
Underlying macroeconomic factors: The Processed & Frozen Vegetables Market of the Vegetables Market within The Food market in Israel is affected by several macroeconomic factors. Firstly, global economic trends play a significant role in determining market growth, as Israel heavily relies on international trade and exports. Secondly, the country's national economic health, including factors such as GDP, inflation, and unemployment rates, can impact consumer spending and demand for processed and frozen vegetables. Moreover, fiscal policies, such as taxation and subsidies, can affect production costs and prices of these products. Lastly, other financial indicators, such as consumer confidence and disposable income, can also influence market performance.
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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