Meat Substitutes - Israel

Israel

Revenue in the Meat Substitutes market amounts to €21.20m in 2024. The market is expected to grow annually by 11.10% (CAGR 2024-2029).
In global comparison, most revenue is generated in China (€2,175m in 2024).
In relation to total population figures, per person revenues of €2.28 are generated in 2024.
In the Meat Substitutes market, volume is expected to amount to 1.74m kg by 2029. The Meat Substitutes market is expected to show a volume growth of 11.0% in 2025.
The average volume per person in the Meat Substitutes market is expected to amount to 0.1kg in 2024.

Key regions: Spain, Russia, United Kingdom, South Korea, India

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Analyst Opinion

The Meat Substitutes Market in Israel is experiencing subdued growth, affected by factors such as consumer preference for traditional meat, and slow adoption of plant-based diets. Convenience and health awareness may drive future growth.

Customer preferences: The growing popularity of plant-based diets and the rise of ethical and sustainable consumption has led to a significant increase in demand for meat substitutes in Israel. This trend is driven by a combination of factors, including health concerns, environmental consciousness, and animal welfare considerations. As a result, the market for meat substitutes is expected to continue its upward trajectory, with consumers increasingly choosing alternative protein sources over traditional meat products.

Trends in the market: In Israel, the Meat Substitutes market is experiencing a significant increase in demand, driven by a growing interest in vegetarian and vegan lifestyles. This trend is reflected in the rise of plant-based restaurants and the introduction of meat-free options in traditional meat-based dishes. Additionally, there is a growing focus on health and sustainability, with consumers opting for plant-based proteins as a healthier and more environmentally friendly alternative to meat. This trend is expected to continue, with industry stakeholders investing in research and development to improve the taste and texture of meat substitutes and expand their product offerings. Furthermore, this shift towards meat substitutes could have a significant impact on the traditional meat market, potentially leading to decreased demand and market share for meat producers.

Local special circumstances: In Israel, the Meat Substitutes Market within the Meat Market of The Food market is driven by a unique set of factors. The country's small size and population, as well as its religious and cultural norms, have led to a strong demand for meat alternatives among its large vegetarian and vegan population. Additionally, Israel's strict kosher regulations have created a niche market for kosher-certified meat substitutes. This has also influenced the development and availability of meat substitutes in the country, with many local brands offering innovative and kosher-friendly products.

Underlying macroeconomic factors: The demand for meat substitutes in the Israeli market is influenced by macroeconomic factors such as consumer preferences for healthier and more sustainable food options, as well as government initiatives promoting plant-based diets. Additionally, the rising costs of meat production and the environmental impact of traditional meat consumption are driving the growth of the meat substitutes market. In recent years, Israel has also witnessed an increase in health-conscious consumers and a growing trend towards vegetarian and vegan diets, further fueling the demand for meat substitutes. Moreover, the country's stable economic conditions and high disposable income levels also play a key role in the growth of the meat substitutes market, as consumers are willing to pay a premium for these products.

Methodology

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.