Cooking ingredients and meals in 2024: The big picture
Cooking ingredients and meals in Israel faced marginal decline in retail volume sales over 2024. Although the average rate of inflation has slowed over 2024, the cost of living remains high in Israel with consumers remaining conscious about what they buy and highly price sensitive.
Key trends in 2024
Health and wellness is shaping the development of cooking ingredients and meals in Israel. Locals are increasingly interested in eating healthier products and purchasing products with recognisable ingredients.
Competitive landscape
The competitive landscape is led by local heavyweights Strauss Group Ltd and Osem Food Industries Ltd. Strauss Group overtook Osem Food Industries Ltd in 2021 and is expected to extend its lead in 2024, thanks to the Yad Mordechai brand, which evokes strong brand loyalty among local consumers.
Channel developments
Consumer foodservice volume sales rose marginally in 2024. The outbreak of the Israel-Hamas war in October 2023 led to the closure of many restaurants for weeks and even months.
What next for cooking ingredients and meals?
Cooking ingredients and meals is expected to see moderate volume growth over the forecast period as Israeli consumers continue to value the convenience of ready meals while seeking healthier ingredients for their home cooking needs. Products with little preparation time, such as sauces, and essential ingredients, such as edible oils, will benefit as a result.
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Overview:
Understand the latest market trends and future growth opportunities for the Cooking Ingredients and Meals industry in Israel with research from Euromonitor International's team of in-country analysts – experts by industry and geographic specialisation.
Key trends are clearly and succinctly summarised alongside the most current research data available. Understand and assess competitive threats and plan corporate strategy with our qualitative analysis, insight and confident growth projections.
Data and analysis in this report provides further detailed coverage dedicated to a comprehensive range of core packaged food categories.
If you're in the Cooking Ingredients and Meals industry in Israel, our research will help you to make informed, intelligent decisions; to recognise and profit from opportunity, or to offer resilience amidst market uncertainty.
The Cooking Ingredients and Meals in Israel report includes:
- Analysis of key supply-side and demand trends
- Detailed segmentation of international and local products
- Historic volume and value sizes, company and brand market shares
- Five year forecasts of market trends and market growth
- Robust and transparent research methodology, conducted in-country
This report answers:
- What is the market size of Cooking Ingredients and Meals in Israel?
- Which are the leading brands in Cooking Ingredients and Meals in Israel?
- How are products distributed in Cooking Ingredients and Meals in Israel?
- How is the rise of e-commerce and/or the expansion of modern grocery retail impacting traditional retail?
- What are the key health and wellness concerns driving, or challenging, sales in Cooking Ingredients and Meals?
- How significant are vegan and vegetarian dietary requirements in determining sales growth in Israel?
- How has COVID-19 impacted consumer demand? To what extent have lockdown, home seclusion and stockpiling boosted sales? Will the longer term economic repercussions of the pandemic stimulate or suppress future growth?
- Where is future growth expected to be most dynamic?
- How significant will values-based claims, such as sustainability and ethical labelling, be in supporting future growth and brand equity?
Cooking Ingredients and Meals in Israel
Cooking ingredients and meals in 2024: The big picture
Key trends in 2024
Competitive landscape
Channel developments
What next for cooking ingredients and meals?
DISCLAIMER
Edible Oils in Israel
KEY DATA FINDINGS
Olive oil prices continue to rise amid supply shortages
Counterfeit brands are recalled in edible oils
Lower taxes support local olive producers
Further price rises expected in olive oil
Challenging outlook for imported oils from Turkey
Strauss Group plans to sell Yad Mordechai olive oil
Meals and Soups in Israel
KEY DATA FINDINGS
Product shortages impact the category
Meals and soups witness further price increases
Strauss Group Ltd exits frozen ready meals
Price increases are likely to continue
Strauss Group to sell prepared salads
Locals prefer fresh food and delivery services
Sauces, Dips and Condiments in Israel
KEY DATA FINDINGS
Ongoing price rises despite government warnings
Cooking at home trend boosts demand for sauces
Healthier sauces offer simple ingredients and no nasties
Further price increases are expected
Healthier options to surface in the upcoming years
Strauss Group Ltd plans to make strategic changes to operations
Sweet Spreads in Israel
KEY DATA FINDINGS
Volume sales decline as consumers reduce consumption of chocolate spreads
Health and wellness supports some categories
Customs-free imports impact local players
Prices set to rise further in sweet spreads
Healthier lifestyles will increasingly shape consumer preferences
Strauss Group Ltd plans to sell Yad Mordechai honey
The following categories and subcategories are included:
Cooking Ingredients and Meals
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- Olive Oil
- Corn Oil
- Palm Oil
- Rapeseed Oil
- Soy Oil
- Sunflower Oil
- Other Edible Oil
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- Dried Ready Meals
- Shelf Stable Ready Meals
- Chilled Ready Meals
- Frozen Ready Meals
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- Dry Soup
- Shelf Stable Soup
- Chilled Soup
- Frozen Soup
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- Chilled Pizza
- Frozen Pizza
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- Meal Kits
- Quick Recipe Kits
- Chilled Lunch Kits
- Prepared Salads
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- Liquid Stocks and Fonds
- Stock Cubes and Powders
- Gravy Cubes, Powders and Pots
- Monosodium Glutamate
- Herbs and Spices
- Tomato Pastes and Purées
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- Liquid Recipe Sauces (excl pasta sauces)
- Dry Recipe Sauces
- Pasta Sauces
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- Barbecue Sauces
- Fish Sauces
- Ketchup
- Mayonnaise
- Mustard
- Oyster Sauces
- Salad Dressings
- Soy Sauces
- Chili Sauces
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- Dips
- Yeast-based Spreads
- Pickled Products
- Other Sauces and Condiments
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- Honey
- Chocolate Spreads
- Jams and Preserves
- Nut and Seed Based Spreads
Why buy this report?
- Gain competitive intelligence about market leaders
- Track key industry trends, opportunities and threats
- Inform your marketing, brand, strategy and market development, sales and supply functions
This report originates from Passport, our Cooking Ingredients and Meals research and analysis database.
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