Israel Retail Foods 2024
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. However, towards the end of 2023, consumer-oriented agricultural imports slightly decreased because of a disruption in shipping due to Houthi attacks on vessels in the Red Sea. With the ongoing regional conflict, Israeli preferences for consumer-oriented food products have changed to match their changing lifestyle. While many consumers are very price sensitive, others are willing to pay a premium for high quality products. However, as prices remain high, the Israeli government continues to reform its food legislation in efforts to reduce prices and streamline imports.