Dietary supplements are
concentrates of essential nutrients which are either artificially synthesized
or derived from food sources such as fruits, vegetables, and grains. Some of
the main ingredients used in the manufacture of dietary supplements include minerals,
vitamins, proteins and amino acids, botanicals, omega fatty acids, fiber, and
specialty carbohydrates. Vitamins and minerals are the most popular types of
dietary supplements consumed in Israel, followed by herbal and botanical
supplements and sports supplements. Adequate intake of these supplements has
many benefits to the human body, including strengthening the immune system,
weight management, preventing risks of cardiovascular disease, allergies, and
rheumatic diseases, improving energy levels, increasing bone density,
maintaining cholesterol levels, blood pressure, and triglyceride levels. Dietary
supplements are available in variety of forms in the market such as tablets,
capsules, gummies, powders, drinks, flour mix, and energy bars. Growing prevalence
of various health problems in the country such as obesity, malnutrition,
diabetes, blood pressure, and others are pushing more people to focus on their
health and consume adequate amount of nutrients in their diet. This growing
health awareness among people of the country is expected to register an
impressive growth to Israel dietary supplements market in the futuristic
period. Moreover, the support provided by the Israel government for healthcare sector
through introduction of various policies and insurance for making dietary
supplements more affordable might also boost the growth of dietary supplements
market there. Rise in geriatric population of Israel along with growing
prevalence of various chronic diseases which are associated with them in their
old age is also expected to boost the growth of Israel dietary supplement market
in upcoming years. Henceforth, growing establishment of pharmacies, drug
stores, supermarkets, and others which are leading to the rise in supply of
dietary supplements among Israelis is also expected to bolster the growth of
dietary supplement market in Israel during the estimate period.
Growing Prevalence of Chronic
Diseases
Rise in instances of various
chronic diseases in the country such as cancer, cardiac disorders, diabetes,
and others are leading to increase in production of dietary supplements in
Israel. Dietary supplements are often seen as a convenient and accessible way
to supplement one's diet with essential vitamins, minerals, and other nutrients
that may be lacking in the typical Israeli diet. Supplements can help to
support overall health and well-being, as well as improve specific health
outcomes. Furthermore, many dietary supplements are marketed as having specific
health benefits, such as reducing inflammation, boosting immune function, or
improving cognitive function. This has led to increased demand for these
products among the population of Israel to manage chronic conditions and
improve their overall health. Cancer has emerged as the leading reason for
growth in mortality rate of the country. As per
the report published by World Health Organization (WHO) in 2020, it has been
observed that total 14,197 cancer cases were reported in Israel men among which
accounted for 3,290 cases of prostate cancer, 1,613 cases of lung cancer, 1,490
cases of colorectum cancer, and so on. Moreover, a total of 14,507 cancer cases
were reported in Israel women out of which 4,348 cases were of breast cancer,
1,392 cases of colorectum cancer, 1,029 cases of thyroid cancer, and so on. A study conducted by researchers in Israel have proved
that supplementation of Vitamin D has shown anticancer properties in human
body. Moreover, dietary supplements have also played a major role in curing of
diabetes in Israel. Among two types of diabetes, Type 2 diabetes mellitus has
shown a greater prevalence among population of Israel in recent years. According
to a study conducted by Bentham Science in 2021, it has been resulted that in
Arab society of Israel, prevalence of Type 2 diabetes mellitus increased from
3.4% to 7.6% which is expected to increase continuously and is predicted to go
above 12% by 2030. For management of diabetes in the country, cinnamon,
chromium, vitamin B1 (benfotiamine form), alpha-lipoic acid, bitter melon,
green tea, resveratrol, and magnesium have become apparent as effective dietary
supplements in suppressing the disease. Moreover, the beneficial properties of
dietary supplements for controlling the popularity of chronic diseases in the
country is further expected to propel the growth of Israel dietary supplements market
in upcoming years.
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Increase in Number of
Government Policies Related to Healthcare
The Israeli government has
implemented various policies that have influenced the dietary supplements
market in the country. The ministry sets the standards for manufacturing,
labeling, and advertising of dietary supplements to ensure they are safe and
effective for use by consumers. This regulation has increased consumer trust in
the market and encouraged more people to use dietary supplements in their daily
life. Moreover, introduction of more health insurance and insurance provided by
Israeli government for people of the country is making dietary supplements more
affordable for people which is further expected to bolster the growth of Israel
dietary supplements market in the forecast period. The government has also
offered financial incentives to companies that invest in research and
development of various dietary supplements which has further stimulated growth
of the market.
Rise in Geriatric Population
In Israel, approximately
around 1,056,300 people are above 65 years of age which account for almost
11.8% of the total population. With ageing, people tend to develop more chances
of getting diagnosed with various kinds of diseases more frequently. Some of
the diseases which are common among geriatric people of Israel include heart
diseases, diabetes, skin problems, gastrointestinal problems, arthritis, and
others. According to the report published by AHA
Journal in 2020, around 42% of men and 31% of women who were above 75 years of
age, were resulted suffering from severe cardiac illness. For controlling the emergence of such diseases in the
country, medical professionals of Israel are recommending consumption of
dietary supplements to the people for rapid cuing of their disease. Vitamin B, vitamin
D, calcium, and magnesium tablets are the most common dietary supplements taken
by elder people of the country to get rid of their medical issues. This is
thereby propelling the growth of Israel dietary supplements market in the
forecast period.
Increase in Availability of
Dietary Supplements
According to World Index of
Healthcare Innovation, the Israel healthcare system is ranked at sixth position
across the world which accounts for around 1,900 pharmacies present in the
country providing people with excellent medical facilities to people every day.
Establishments of various distribution channels such as supermarkets, drug
stores, hypermarkets, and others are leading to high sales of dietary
supplements. Thus, the mounting availability of dietary supplements in various
forms such as tablets, capsules, and soft gels, among all the regions of the
country is further expected to boost the growth of Israel dietary supplement market
in the futuristic period.
Recent Developments
- Vitamin,
mineral, and supplement firm Ambrosia-SupHerb Ltd. is partnering with hemp and
cannabis product developer Tikun-Olam Cannbit Pharmaceuticals Ltd. to create
Israel’s first dietary supplement line made with low-delta-9
tetrahydrocannabinol (THC) and mushroom. The partnership comprises a joint
pilot for R&D to develop products. The companies are applying to Israel’s
Medical Cannabis Unit for approval for the R&D. In addition to partnering
in R&D, Tel Aviv-based Tikun-Olam will invest 4.98% of its shares in
Ambrosia-SupHerb through a material private placement for approximately NIS 12m
(USD 3.64m), at a share price of NIS 5.26 (USD 1.64).
Israel dietary supplements
market is segmented based on product type, form, distribution channel,
application, end user, company, and region. In terms of product type, the
dietary supplements market is categorized into vitamin, combination dietary
supplement, herbal supplement, fish oil & omega fatty acid, protein, and
other. Based on form, the market is divided into tablets, capsules, powder,
liquids, and soft gels. Based on distribution channel, Israel dietary
supplements market is segmented into pharmacies and drug stores, supermarkets
and hypermarkets, online, and others. Based on application, dietary
supplements market in Israel is segmented into energy & weight management,
general health, bone & joint health, immunity, and others. In terms of end
user, Israel dietary supplements market is segmented into children, adults, pregnant
females, and geriatric.
Market Players
C.T.S. Ltd., Ambrosia Supherb
Ltd., Zuf Globus Ltd., FLORIS-HADAS LTD., Anlit Ltd., Eshbal Technologies Ltd.,
and TNUPHARMA MANUFACTURING LTD.
|
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 forecast, company share, competitive landscape, growth factors,
and trends
|
|
Segments Covered
|
Product Type
Form
Distribution Channel
Application
End User
|
|
Regional Scope
|
The
Mediterranean Coastal Plain, The Central Hills, The Jordan Rift Valley, and The
Negev Desert
|
|
Key Companies Profiled
|
C.T.S. Ltd., Ambrosia Supherb Ltd., Zuf Globus
Ltd., FLORIS-HADAS LTD., Anlit Ltd., Eshbal Technologies Ltd., and TNUPHARMA
MANUFACTURING 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. Explore purchase options
|
|
Delivery Format
|
PDF and Excel through Email (We can
also provide the editable version of the report in PPT/Word format on special
request)
|
Report Scope:
In this report, Israel dietary supplements market has been segmented
into following categories, in addition to the industry trends which have also
been detailed below:
·
Israel
Dietary Supplements Market, By Product Type:
o
Vitamin
o
Combination Dietary Supplement
o
Herbal Supplement
o
Fish Oil & Omega Fatty Acid
o
Protein
o
Other
·
Israel
Dietary Supplements Market, By Form:
o
Tablets
o
Capsules
o
Powder
o
Liquids
o
Soft Gels
·
Israel
Dietary Supplements Market, By Distribution Channel:
o
Pharmacies and Drug Stores
o
Supermarkets and Hypermarkets
o
Online
o
Others
·
Israel
Dietary Supplements Market, By Application:
o
Energy & Weight Management
o
General Health
o
Bone & Joint Health
o
Immunity
o
Others
·
Israel
Dietary Supplements Market, By End User:
o
Children
o
Adults
o
Pregnant Females
o
Geriatric
Competitive Landscape
Company Profiles: Detailed analysis
of the major companies present in Israel dietary supplements market.
Available
Customizations:
With
the given market data, TechSci Research offers customizations according to a
company’s specific needs. The following customization options are available for
the report:
Company
Information
- Detailed analysis and profiling of
additional market players (up to five).
Israel
dietary supplements market is an upcoming report to be released soon. If you
wish an early delivery of this report or want to confirm the date of release,
please contact us at [email protected]