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The agriculture market in Israel is estimated to grow at a CAGR of 4.98% between 2022 and 2027. The size of the market is forecast to increase by USD 2,898.08 Million. The growth of the market depends on serval factors, including the growth of the organized retail sector, the high levels of investment in research and development, and the rising food processing industry.
This report extensively covers market segmentation by type (cereals and grains, oilseeds and pulses, commercial crops, fruits and vegetables, and fishery consumables and meat) and distribution channel (supermarket, convenience stores, and e-commerce). It also includes an in-depth analysis of drivers, trends, and challenges. Furthermore, the report includes historic market data from 2017 to 2021.
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Technavio categorizes the agriculture market in Israel as a part of the global agricultural products market under the global food products market of the global food, beverage, and tobacco market. The global agricultural products market covers crop growers, owners of plantations, and companies that produce and process foods but do not package and market them. Our research report has extensively covered external factors influencing the parent market growth during the forecast period.
The innovative features and user interfaces are notably driving the market growth, although factors such as the growth of the organized retail sector may impede the market growth. Our researchers analyzed the data with 2022 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
Key Agriculture Market Driver In Israel
The growth of organized retail sales is a key factor in the growth of the Israel agriculture market growth. The growth of organized retail throughout the country is a key factor in the growth of the agricultural market in Israel. Suppliers are constantly focusing on strengthening their distribution network through organized retailing to increase sales volumes and turnover. Organized retailing in Israel grew with the establishment of several supermarkets, hypermarkets, and specialty stores.
Hypermarkets and supermarkets are the two most important offline distribution channels for agricultural products in Israel. Organized retailing is an integral part of offline distribution channels that facilitate the purchasing process of consumers and enable them to choose from a wide range of grains, cereals, fruits, and vegetables. Israel's rapidly growing organized retail sector will drive market growth during the forecast period.
Significant Agriculture Market Trend In Israel
Agriculture revolutionized by artificial intelligence and robotics is the primary trend in the Israel agriculture market growth. The agricultural sector has been revolutionized over the last 100 years, but the rise of artificial intelligence (AI), machine learning, robotics, and the Internet of Things has been a welcome addition to modern agriculture. An AI-based decision platform for agricultural management. Autonomous drones for artificial intelligence for fruit harvesting are equipped with mechanical claws that are used to pick fruits or prune fruit trees.
Israel is a world leader in many areas of agricultural technology, especially when it comes to farming in arid environments. In Israel, agriculture depends less on natural resources and more on the environment, which is based on the country's technological development and innovation. Consequently, the Israeli agricultural market is expected to grow strongly during the forecast period as technology advances.
Major Agriculture Market Challenge In Israel
Reducing arable land in Israel is a major challenge to the Israel agriculture market growth. Land that can be plowed for sowing and growing crops is called arable land. The amount of land used to grow crops has gradually decreased in Israel in recent decades. Growing urbanization, industrialization, and energy demand have contributed to the reduction of arable land and its conversion to other uses such as construction.
The quality of agricultural land and the ability to grow crops have also deteriorated in recent decades as a result of soil erosion and soil pollution, which have also contributed to the reduction of the amount of land. Thus, a reduction in yield due to soil erosion and pollution ultimately leads to a decline in agricultural activity, which in turn may slow down market growth over the forecast period.
Key Agriculture Market In Israel Customer Landscape
The report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.
Global Agriculture Market in Israel Customer Landscape
Vendors are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
afimilk.com - The company offers agriculture-related products such as cow monitoring systems, parlor automation, and farm management application. Also, the company is involved in cow monitoring solutions that include software, monitoring, and automation management for dairy farms.
The report also includes detailed analyses of the competitive landscape of the market and information about 15 market vendors, including:
Qualitative and quantitative analysis of vendors has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize vendors as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize vendors as dominant, leading, strong, tentative, and weak.
The market share growth by the cereals and grains segment will be significant during the forecast period. An increase in cultivation and changing food consumption habits of people in Israel has led to a rapid expansion and growth of the cereals and grains segment. The demand for food grains is also increasing, which has put additional pressure on the agricultural sector for better yields. This has increased the adoption of technology in agriculture to improve yields and the quality of grains and cereal crops. Such factors will increase the segment growth during the forecast period.
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The cereals and grains segment was valued at USD 2,189.61 million in 2017 and continue to grow by 2021. Modern agricultural practices are driven by innovations aimed at quality production. The demand for grains and cereals has increased due to the health benefits these crops provide. In addition, processed grains or cereals are now added to many packaged and non-packaged foods to improve the nutritional value of the food. For these reasons, the agriculture market is expected to witness high growth during the forecast period.
The report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027. The market has been segmented by Type (Cereals and grains, Oilseeds and pulses, Commercial crops, Fruits and vegetables, and Fishery consumables and meat) and Distribution Channel (Supermarket, Convenience stores, and E-commerce).
Agriculture Market Scope In Israel |
|
Report Coverage |
Details |
Page number |
123 |
Base year |
2022 |
Historic period |
2017-2021 |
Forecast period |
2023-2027 |
Growth momentum & CAGR |
Accelerate at a CAGR of 4.98% |
Market growth 2023-2027 |
USD 2,898.08 million |
Market structure |
Fragmented |
YoY growth 2022-2023(%) |
4.12 |
Competitive landscape |
Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks |
Key companies profiled |
Afimilk Ltd., Agro Shelef Ltd, AquaMaof Aquaculture Technologies Ltd., BASF SE, Bayer AG, Bogar Bio Bee Stores Pvt. Ltd., CropLife International AISBL, Ginegar Plastic Products Ltd. , Groupe Limagrain Holding, Hishtil, Kaiima Ltd., miRobot, Orbia Advance Corp. SAB de CV, Palram Industries Ltd., Rivulis Irrigation Ltd., SOCIETE SAS, Strauss Group Ltd., Syngenta Crop Protection AG, and The Israeli Research and Development Co. Ltd. |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period. |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Type
7 Market Segmentation by Distribution Channel
8 Customer Landscape
9 Drivers, Challenges, and Trends
10 Vendor Landscape
11 Vendor Analysis
12 Appendix
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