According to the World Bank, in 2019, 7.46% of GDP is expanded on healthcare in Israel
Rising Awareness Regarding Health Benefits of Consuming Nutraceuticals
Israel's food and beverage industry exports 425 million USD worth of goods each year, with 50% of that amount going to countries in the European Union, 15% to countries in Eastern Europe and EFTA, 18% to the United States, 11% to countries in the Far East, 2% to South America, and 3% to the rest of the world.
Rising Demand for Functional Foods
In today's fast-paced world, people are becoming increasingly health-conscious, and their dietary choices are reflecting this shift. One notable trend that has gained momentum in recent years is the growing demand for functional foods. These are foods that go beyond basic nutrition and provide additional health benefits due to their natural bioactive compounds or added functional ingredients. The Israel functional foods market has experienced significant growth, and consumers are now seeking out these foods as a way to optimize their health and well-being, hence augmenting the growth of
The food industry has responded to this growing demand for functional foods by introducing a wide range of products that are marketed as functional, fortified, or enriched with health-enhancing ingredients. For example, probiotic-enhanced yogurts and fermented foods are popular among consumers for their gut health benefits. Fortified breakfast cereals, beverages, and snacks with added vitamins, minerals, and antioxidants are gaining popularity among health-conscious individuals. Functional beverages like kombucha, matcha tea, and functional waters infused with vitamins, minerals, and electrolytes are also on the rise. Therefore, it is expected that growing food industry in Israel has/will have positive impact on the
Recent Development
- In August 2021, Ambrosia Supherb Ltdcollaborated with Tikun Olam -Cannbit to develop nutritional supplements derivedfrom cannabis and mushrooms. R&D teams from both the companies to developnew products using existing nutritional supplements, including vitamins, minerals,amino acids, and plants to strengthen the immune system.
- In 2019, Vitamed, which is a fullyowned unit of Rekah Pharmaceutical Industry Ltd., has signed a legally bindingcontract with Teva Pharmaceutical Industries Ltd. to manufacture a number ofprescription and over-the-counter medications and products for preventinginfections in hospitals.
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Market Segmentation
Israel Nutraceuticals Market is segmented into product type, form, distribution channel, application, end user, and company. Based on product type, Israel Nutraceuticals market is divided into vitamins, combination nutraceutical, herbal supplement, fish oil & omega fatty acid, protein, and others. Based on form, Israel Nutraceutical market is categorized into tablets, capsules, powder, liquids, and soft gels. Based on distribution channel, Israel Nutraceutical market is categorized into pharmacies and drug retailers, supermarkets and hypermarkets, online and others. Based on application, Israel Nutraceutical market is categorized into energy & weight management, general health, bone & joint health, immunity, and others. Based on end user, Israel Nutraceutical market is categorized into infants, children, adults, pregnant females, and geriatric. Based on region, the Israel Nutraceutical market is segmented into the Mediterranean Coastal Plain, The Central Hills, The Jordan Rift Valley, The Negev Desert.
Company Profiles
Ambrosia Supherb Ltd, Herbamed Ltd,, AlgaHealth ltd., Nufar Natural Products, LycoRed Ltd., Anlit Ltd, ProSpec Tany TechnoGene Ltd., Ba’emek Advanced Technologies Ltd, Oaktree, REKAH Pharmaceutical Industries Ltd are some of the key players of Israel Nutraceuticals market.
Attribute | Details |
Base Year | 2022 |
Historic Data | 2018 – 2021 |
Estimated Year | 2023 |
Forecast Period | 2024 – 2028 |
Quantitative Units | Revenue in USD Million, Volume in tons and CAGR for 2018-2022 and 2023-2028 |
Report coverage | Revenue forecast, volume forecasting, Company shares, competitive landscape, growth factors, and trends |
Segments covered | Product Form Distribution Channel Application End User Region |
Country scope | The Mediterranean Coastal Plain, The Central Hills, The Jordan Rift Valley, The Negev Desert. |
Key companies profiled | Ambrosia Supherb Ltd, Herbamed Ltd , AlgaHealth ltd., Nufar Natural Products, LycoRed Ltd., Anlit Ltd, ProSpec Tany TechnoGene Ltd., Ba’emek Advanced Technologies Ltd, Oaktree, REKAH Pharmaceutical Industries Ltd |
Customization scope | 10% free report customization with purchase. Addition or alteration to country, regional & segment scope. |
Pricing and purchase options | Avail customized purchase options to meet your exact research needs. |
Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |