Staple foods in 2024: The big picture
Retail value sales of staple foods are set to rise significantly in current terms in Israel in 2024, primarily driven by increasing prices. In 2023, the consumer price index in Israel increased by 3%, the upper limit of Israel's target range of 1-3%.
Key trends in 2024
The health and wellness trend continues to exert a very strong influence on consumer purchasing patterns across a wide range of consumer goods, and particularly within packaged food. Consumers are paying ever greater attention to the role of diet and nutrition in overall physical and mental wellbeing.
Competitive Landscape
Domestic players are set to continue to lead the competitive landscape in staple foods in 2024, with Osem Food Industries Ltd out in front, followed by Tnuva Food. Angel Bakery Ltd is set to sit in third, providing the most popular offering in baked goods, while Neto ME Holdings Ltd is likely to remain in fourth.
Channel developments
Due to the increasing prices of foods, many local consumers have increasingly started shopping at discounters, which compete aggressively in terms of price. However, when the Israel-Hamas war broke out in October 2023, local consumers started to shop more at local retailers, as they wanted to stay close to home.
What next for staple foods?
Prices are expected to continue rising in staple foods in Israel over the forecast period. An 18% increase in VAT has been approved for January 2025.
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Overview:
Understand the latest market trends and future growth opportunities for the Staple Foods 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 Staple Foods 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 Staple Foods 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 Staple Foods in Israel?
- Which are the leading brands in Staple Foods in Israel?
- How are products distributed in Staple Foods 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 Staple Foods?
- 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?
Staple Foods in Israel
Staple foods in 2024: The big picture
Key trends in 2024
Competitive Landscape
Channel developments
What next for staple foods?
DISCLAIMER
Baked Goods in Israel
KEY DATA FINDINGS
Prices continue to rise, while there is debate around price controls in bread
Individually packaged pastries
Angel Bakery set to retain lead
Further price rises expected
Growing range of speciality products
Competition to continue intensifying as private label segment expands
Breakfast Cereals in Israel
KEY DATA FINDINGS
Price increases drive up value sales
Ongoing development of the protein trend
Unilever makes popular flakes more accessible
Continued increase in prices expected
Health and wellness to exert growing influence
Private label expansion
Processed Fruit and Vegetables in Israel
KEY DATA FINDINGS
Price increases and less promotional activity
Vita Pri Hagalil stops producing for private labels
War pushes forward canned vegetable market
Competition decreases and prices set to rise
Health and wellness exerts a growing influence
More players set to enter frozen fruit and vegetables
Processed Meat, Seafood and Alternatives To Meat in Israel
KEY DATA FINDINGS
Price increases drive value growth
Heightened tensions with Turkey impact imports
New owners of Shufersal
New meat substitutes
Protein and flexitarian trends
Of Tov loses its distributor
Rice, Pasta and Noodles in Israel
KEY DATA FINDINGS
Value sales up on the back of rising prices
Tnuva purchases remaining 49% of Pasta Ricco
Sugat 1967 retains lead
Further price rises
Asian trend offers opportunities
Potential for some premiumisation in pasta
The following categories and subcategories are included:
Staple Foods
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- Packaged Flat Bread
- Unpackaged Flat Bread
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- Packaged Leavened Bread
- Unpackaged Leavened Bread
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- Packaged Cakes
- Unpackaged Cakes
- Dessert Mixes
- Frozen Baked Goods
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- Packaged Pastries
- Unpackaged Pastries
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- Sweet Pies and Tarts
- Frozen Cakes, Sweet Pies and Tarts
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- Hot Cereals
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- Children's Breakfast Cereals
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- Flakes
- Muesli and Granola
- Other RTE Cereals
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- Shelf Stable Beans
- Shelf Stable Fruit
- Shelf Stable Tomatoes
- Shelf Stable Vegetables
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- Frozen Fruit
- Frozen Processed Potatoes
- Frozen Processed Vegetables
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- Shelf Stable Processed Red Meat
- Shelf Stable Processed Poultry
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- Chilled Processed Red Meat
- Chilled Processed Poultry
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- Frozen Processed Red Meat
- Frozen Processed Poultry
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- Shelf Stable Seafood
- Chilled Processed Seafood
- Frozen Processed Seafood
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- Chilled Meat and Seafood Substitutes
- Frozen Meat and Seafood Substitutes
- Shelf Stable Meat and Seafood Substitutes
- Tofu and Derivatives
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- Chilled Noodles
- Frozen Noodles
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- Instant Noodle Cups
- Instant Noodle Pouches
- Plain Noodles
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- Chilled Pasta
- Dried Pasta
- Rice
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Staple Foods
NOTE: Couscous, polenta and quinoa are excluded from staple foods.
See all of our definitionsWhy buy this report?
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This report originates from Passport, our Staple Foods research and analysis database.
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