In recent years, mashed potatoes have become more popular in Israel, especially among younger generations who have been exposed to Western cuisine. As per the 2021 statistics from WorldBank, the younger generation (aged 15-19) constitutes 16% of the total population of Israel, underscoring the significant presence of young people in the country. Hence, the expanding population of younger individuals in the country has the potential to fuel the growth of the mashed potato market in Israel. It's worth noting that Israel has a diverse culinary scene with many different types of dishes that reflect the country's unique cultural heritage, including Middle Eastern, North African, and Mediterranean cuisines. The growth of the agricultural sector, expanding population, preference for homemade processed foods, and rise in both potato production and consumption are all significant factors driving the growth of the mashed potato market in Israel.
The surge in potato production and consumption has played a vital role in propelling the growth of the mashed potato market in Israel.
According to data released by the Food and Agriculture Organization of the United Nations, the production of potatoes in Israel has shown a consistent increase between 2017 and 2019. Specifically, potato production in Israel increased from 522,424.00 tonnes in 2017 to 524,394.00 tonnes in 2019. Israel's Mediterranean climate, with hot, dry summers and mild, wet winters, is well-suited for potato cultivation. In addition, the soil in many parts of Israel is rich in nutrients, providing an excellent foundation for the cultivation of this crop. Israel's expertise in agriculture is renowned worldwide, with advanced agricultural technology and innovative cultivation methods. With a combination of a favorable climate, fertile soil, advanced technology, and experienced farmers, it's no wonder that potato cultivation is successful and relatively easy in Israel. Furthermore, according to FAO data, potato yields in Israel have shown a steady rise from 33.90 tonnes per hectare in 2010 to 35.17 tonnes per hectare in 2019. This continual increase in potato yields is another crucial factor contributing to the expansion of the mashed potato market in Israel. In addition, there has been an increase in potato consumption in Israel. According to Faostat, the total consumption of potatoes in the country was 270 kt in 2020. Israel is ranked 78th among 161 countries in terms of interest rate on total potato consumption. Several factors have contributed to the increase in potato consumption in Israel, including population growth, shifting dietary preferences, cultural traditions, improved availability and affordability of potatoes, and their convenience as a quick and easy side dish. Moreover, the United States Department for Agriculture (USDA) Economic Research Service has reported that the total agricultural output of Israel has risen from US$ 3.96 billion in 2010 to US$ 4.13 billion in 2019, indicating overall growth in the agricultural industry. These various factors come together to contribute to the growth and increased revenue of the mashed potato market in Israel.
| Report Metric | Details |
|---|---|
| Study Period | 2021 to 2031 |
| Historical Data | 2021 to 2024 |
| Base Year | 2025 |
| Forecast Period | 2026 – 2031 |
| Report Metric | Details |
| Growth Rate | CAGR during the forecast period |
| Base Year | 2021 |
| Forecast Period | 2023 – 2028 |
| Forecast Unit (Value) | USD Billion |
| Segments Covered | Application, Form, And Distribution Channel |
| Companies Covered | Nestle, Unilever Food Solutions |
| Customization Scope | Free report customization with purchase |
Segmentation