Israel: Food Processing Ingredients Annual
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In 2024, Israel's technologically advanced, market-oriented economy achieved an annual GDP of $541.8 billion, with a modest growth of 0.9 percent. The food retail industry saw significant activity, with sales reaching $21 billion in 2024 and a projected growth of 5 percent in 2025. The food processing sector, comprising over 3,000 facilities, generated $14.13 billion in revenue in 2024, heavily relying upon imported agricultural products. The ongoing regional conflict has impacted the food service industry, which recorded $7.6 billion in sales; future growth is contingent on the cessation of the conflict. Despite economic challenges, including inflation and regulatory changes, the demand for food remains stable, driven by trends such as health and wellness products, sustainability, and digitalization. The U.S. food industry holds a positive image in Israel, though it faces competition from European suppliers and regional instability.
