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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 industry is an important component of Ecuador’s manufacturing sector. This sector contributes 56 percent to Ecuador’s manufacturing gross domestic product and grossed $14 billion in net sales. Excellent sales prospects exist for U.S. food ingredient products to supply this industry.
With over 2,500 facilities, the Israeli food processing sector is an important player in the domestic economy. In 2022, Israeli food processors' annual revenue stood at $23.19 billion.
Israel is a net importer of all major categories of food products. The Israeli food retail sector was estimated to be $20.7 billion in 2023, and during the same year, Israel imported around $4.96 million of consumer-oriented products.
Israel is a net importer of all major categories of food products. The United States is the top leading supplier of imported consumer-oriented agricultural products to Israel with a total of $444 million in 2022. The Israel food retail sector was estimated at around $13 billion in 2022.
The food processing industry is an important component of Ecuador’s manufacturing sector. This sector contributes 45 percent to Ecuador’s manufacturing gross domestic product and grossed $12 billion in net sales.
With over 1,800 facilities, the Israeli food processing sector is an important player in the domestic economy. In 2021, Israeli food processors' annual revenue stood at $21.23 billion while the beverage and tobacco industry's annual revenue was $2.67 billion.
Israel's reform to decentralize the control on toiletries and food will impact the import of processed food products.
Israel's chief rabbi affirms cultivated steak is kosher, which means it is permitted for consumption by Jews under religious law. This ruling opens the door for companies producing cultivated meat directly from laboratory grown cells to receive a kosher certification.
Ecuador’s National Customs Service (SENAE) announced on February 2, 2023, that Distiller’s Dried Grains with Solubles (DDGS) will no longer be subject to a 12 percent value added tax.
The retail industry is an important component of Ecuador’s economy. The 2022 forecasts for retail food sales is $24.9 billion and for consumer expenditures on food, beverages, and tobacco is $15.9 billion. Excellent sales prospects exist for U.S. food products to supply this sector.
In June 2022, Israel authorized the import of U.S. processed meat products, thus making the United States the first and only country with market access for processed meat products in Israel.