The Israel canned food market is projected to grow at a CAGR of 4.03% during the forecast period to reach US$547.949 million by 2027, from US$415.552 million in 2020.
Canning is a method of preserving food for a longer time by using air-tight containers. The canning process varies by product but usually, it involves three steps – processing, sealing, and heating the cans to kill harmful bacteria and prevent spoilage. Commonly used canned foods include fruits, vegetables, beans, soups, meats, and seafood. The major advantage of canned food is that it is affordable, convenient to carry, and has a longer shelf life. In recent times canned food consumption is increasing among people particularly working people as canned food requires less time to prepare, provides a nutrient-based diet, and has long storage potential.
An increase in food innovation and technology is expected to boost the market for canned foods in Israel.
Israel is a technologically advanced and market-oriented economy focusing on food technology and innovation. Since the country has limited land and water resources which affect the prices of scarce products in the country, it is highly dependent on food and agri-food imports. However, in recent years, the Israeli food processing industry is witnessing an increase due to its innovation in the food sector and the presence of multi-national corporations such as Nestle, Unilever, and Israeli food companies namely Osem and Strauss. Moreover, the world’s first food tech hub was launched by Strauss Group which is one of the largest food producers in the region, transformation of chickpeas into neutral-tasting protein for foods and beverages, plant-based burgers, nuggets, and meatballs is further contributing to the growth of canned food market in the country. Canned chickpeas hummus is increasingly manufactured and demanded by Israelis.
However, the restricted availability of food ingredients and higher prices of the food can hinder the demand for the canned food market in Israel.
Product Offerings
COVID-19 Insights
COVID-19 had a significant impact on Israel canned food market. During the pandemic, stock-piling of foods particularly canned chickpeas, canned mushrooms, canned vegetables, and other canned foods and making it available on the online channels aided market growth. Retailers and supermarkets made food available via online channels due to increasing pandemic infection and lockdown. According to USDA, (United States Department of Agriculture), online shopping in Israel increased by 60% in May 2020. Furthermore, the consumption of healthy foods with reduced fat, reduced salts, and sugar-free content increased as a result of healthy eating habits among the population boosting the canned food market.
| Report Metric | Details |
|---|---|
| Study Period | 2021 to 2031 |
| Historical Data | 2021 to 2024 |
| Base Year | 2025 |
| Forecast Period | 2026 – 2031 |
| Report Metric | Details |
| Market Size Value in 2020 | US$415.552 million |
| Market Size Value in 2027 | US$547.949 million |
| Growth Rate | CAGR of 4.03% from 2020 to 2027 |
| Base Year | 2020 |
| Forecast Period | 2022–2027 |
| Forecast Unit (Value) | USD Million |
| Segments Covered | Type, Product Type, And Distribution Channel |
| Companies Covered | Oz Asakim Group, Hormel Foods Corporation, Nizhyn TM, Neto Group |
| Customization Scope | Free report customization with purchase |
Market Segments