Vitamins & Minerals - Israel | Statista Market Forecast

In Israel, the revenue generated in the Vitamins & Minerals market market is estimated to reach US$375.60m in 2024.
It is projected to experience an annual growth rate of 5.32% (CAGR 2024-2029).
When compared globally, China leads the market with a revenue of US$5.33bn in 2024.
In terms of per person revenues, in Israel generates US$40.34 in 2024.
Israel's growing health-conscious population has led to a surge in demand for specialized vitamins and minerals in the OTC Pharmaceuticals market.

Definition:
The Vitamins and Minerals market comprises over-the-counter natural and synthetic food supplements like multivitamin preparations, minerals, vitamins, tonics and cod liver oil. Vitamins and minerals include preparations in the form of capsules, dragees, pills, granulate, ampoules, solutions, powders, syrups for oral use. Not included are prescription medicines, preparations that are not explicit food supplement drugs (e.g. muscle-building preparations) or primarily serve cosmetic purposes. Among the top-selling vitamin and mineral products are Vitasprint, Orthomol, magnesium granulate, Curazink, Centrum. It includes both products which are exclusively sold in pharmacies and products which can be purchased elsewhere. Sales by hospitals are not included.

Additional information:
The market comprises revenues, average revenue per capita. Sales channels show online and offline revenue. Revenues include VAT. The market only displays B2C revenues, hence B2B and B2G revenues are not included.
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Vitamin preparations
Mineral preparations (zinc, calcium, magnesium)
Cod liver oil

Prescription medicines
Homeopathic remedies
Probiotics and food products

The Vitamins & Minerals market in Israel has been experiencing significant growth in recent years. Customer preferences have shifted towards a more health-conscious lifestyle, leading to an increased demand for vitamins and minerals. Additionally, local special circumstances and underlying macroeconomic factors have played a role in driving this growth.Customer preferences in Israel have shifted towards a focus on health and wellness. With an increasing awareness of the importance of nutrition, consumers are seeking ways to incorporate essential vitamins and minerals into their daily routines. This has led to a growing demand for dietary supplements that can provide these nutrients in a convenient and accessible way. Additionally, there has been a rise in the popularity of natural and organic products, as consumers prioritize products that are free from artificial additives and preservatives.Trends in the Vitamins & Minerals market in Israel reflect these changing customer preferences. There has been a surge in the availability and variety of dietary supplements in the market, catering to different nutritional needs and preferences. This includes a wide range of vitamins and minerals, such as vitamin C, vitamin D, calcium, and iron. Manufacturers are also focusing on innovation, developing new formulations and delivery methods to make these supplements more appealing and effective.Local special circumstances in Israel have contributed to the growth of the Vitamins & Minerals market. The country has a high prevalence of certain health conditions, such as vitamin D deficiency, due to its geographical location and limited sun exposure. This has created a specific demand for vitamin D supplements among the population. Additionally, Israel has a large population of older adults who are more likely to require vitamin and mineral supplementation to support their overall health and wellbeing.Underlying macroeconomic factors have also played a role in the development of the Vitamins & Minerals market in Israel. The country has a strong economy and a high standard of living, allowing consumers to prioritize their health and invest in nutritional supplements. Additionally, the government has implemented policies to promote healthy lifestyles and preventive healthcare, creating a supportive environment for the Vitamins & Minerals market to thrive.In conclusion, the Vitamins & Minerals market in Israel is experiencing growth due to changing customer preferences, local special circumstances, and underlying macroeconomic factors. Consumers are increasingly seeking ways to incorporate essential nutrients into their diets, leading to a rise in demand for dietary supplements. Manufacturers are responding to this trend by offering a wide range of products and focusing on innovation. With a supportive environment and a strong economy, the Vitamins & Minerals market in Israel is expected to continue its upward trajectory.

Data coverage:

Data encompasses B2C spend. Figures are based on the OTC Pharmaceuticals market values, representing revenues generated by both product sales which take place exclusively in pharmacies and products which can be purchased elsewhere. Sales by hospitals are not included.

Modeling approach / Market size:

Market sizes are determined by a combined top-down and bottom-up approach, based on a specific rationale for each market market. As a basis for evaluating markets, we use data from national statistical offices, international institutions, trade associations, and self-medication associations. Next, we use relevant key market indicators and data from country-specific associations, such as consumer healthcare spending, out-of-pocket healthcare expenditure, health system accessibilities, and GDP. 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 particular market. For example, forecasts are based on historical developments, current trends, and key market indicators, using advanced statistical methods.

Additional notes:

Data is modeled in US$ using current exchange rates. The market is updated twice per year in case market dynamics change. The impact of the COVID-19 pandemic is considered at a country-specific level. Whereas this market covers only OTC drugs, the Statista Pharmaceuticals market covers both OTC and prescription drugs.

This report presents a comprehensive analysis and additional information on the Health market, in a PDF format.

The global pharmaceutical industry has experienced significant growth during the past two decades, with revenues totaling around 1.6 trillion U.S. dollars in 2023. With growth like that, the industry's size is now comparable to the gross domestic products (GDPs) of countries like Spain, Mexico, or Australia.