Israel
Nutraceuticals Market is anticipated to grow significantly in the projected period
of 2028, driven by the increasing awareness regarding health
benefits of consuming nutraceuticals and changing lifestyles due to rapid
industrialization and urbanization. The term "Nutraceuticals" was
created from the words "nutrition" and "pharmaceuticals”. Functional
foods, and other natural products that are thought to offer health benefits
above and beyond basic nutrition are referred to as Nutraceuticals." These products have gained significant
popularity worldwide as consumers increasingly seek ways to improve their
overall health and well-being. Israel, known for its cutting-edge innovation in
various industries, including health and wellness, has also witnessed a growing
demand for nutraceuticals in recent years. The nutraceuticals market in Israel has experienced
substantial growth in recent years, driven by changing consumer preferences and
increased awareness of the importance of preventive healthcare. The
Israel nutraceuticals market is diverse, encompassing functional foods, medicinal
food, and herbal supplements. Functional foods, which are fortified with
specific nutrients or bioactive compounds, are gaining popularity among
health-conscious consumers. Examples of functional foods in Israel include
probiotics-enriched yogurt, omega-3 fortified eggs, and calcium-fortified
orange juice.
Nutraceuticals, including vitamins, minerals, and herbal
supplements, are also widely consumed in Israel as a convenient way to meet
nutritional requirements or address specific health concerns. There
is a growing awareness among consumers about the link between diet and health
and consequently, people are increasingly seeking ways to improve their overall
health and well-being. They are willing to invest in nutraceuticals that offer
health benefits beyond basic nutrition. The trend of preventive healthcare,
where individuals take proactive measures to maintain their health, is gaining
traction in Israel, leading to increased demand for nutraceuticals, hence
booming the Israel Nutraceuticals Market. Companies in Israel are at the
forefront of developing cutting-edge nutraceutical products using advanced
technologies such as nanotechnology, encapsulation, and biotechnology. According
to the World Bank, in 2019, 7.46% of GDP is expanded on healthcare in Israel.
These innovative products are driving
consumer interest and helping to expand the nutraceuticals market in Israel. Like
many other developed countries, Israel is experiencing an increase in the rise
of aging population, with a growing number of elderly individuals seeking ways
to maintain their health and quality of life as they age. Nutraceuticals are
viewed as a way to support healthy aging by addressing age-related health
concerns such as bone health, cognitive function, and immune support. In
addition, the
government has been supportive of the nutraceuticals industry, implementing
regulations and guidelines to ensure the safety and quality of these products.
This is expected to drive the growth of the the Israel Nutraceuticals Market.
Rising Awareness Regarding
Health Benefits of Consuming Nutraceuticals
One of the key drivers of the rising awareness of
nutraceuticals is the growing interest in preventive healthcare. As people
become more proactive about managing their health, there is a shift towards
adopting a preventive approach rather than relying solely on curative
interventions. Nutraceuticals offer a unique opportunity to promote health and
prevent diseases through dietary interventions, leading to the growth of the
Israel Nutraceuticals Market. For
nutraceutical items, the trend towards self-medication is considerable.
Healthcare consumer attitudes are changing, and more people are actively managing
their own health rather than passively following doctors' suggestions. This
demand is expected to continue to grow in the coming years with the increasing population.
Moreover, the government's initiatives to promote the healthcare awareness
programs have also contributed to the demand for Israel Nutraceuticals Market. For instance, the Israeli government has taken measures to guarantee
the safety and quality of all imported nutraceutical supplements. This made the
Israel Nutraceuticals Market
even more alluring to nutritional supplements manufacturers. Several sizable
retail chains, including the biggest marketers in the nation such as Adumim
Food Ingredients/NutraLease, Algatechnologies, and Floriswere also interested
in it. This has led to an increase in demand for nutraceuticals, hence
augmenting the growth of the Israel Nutraceuticals Market. Additionally, the growth of the industrial sector
has also led to an increase in research and development activities in the field
of nutraceuticals. Companies are investing in the development of new and more
efficient nutraceuticals to meet the growing demand and to improve efficiency
and performance. Hence, all these factors or efforts are going to propel the Israel
Nutraceuticals Market growth. 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 Israel Nutraceuticals Market. Consumers are now better informed about the
impact of their food choices on their overall well-being and are proactively
seeking foods that can provide additional health benefits beyond basic
nutrition. Functional foods offer an appealing option as they allow consumers
to incorporate health-enhancing ingredients into their regular diet without
making significant changes to their eating habits or lifestyle. Changing consumer lifestyles and dietary
preferences are also contributing to the demand for functional foods. As more
people adopt plant-based, vegetarian, or vegan diets, there is an increasing
need for functional foods that can provide essential nutrients that may be
lacking in these dietary patterns. Functional foods formulated with plant-based
proteins, vitamins, minerals, and other bioactive compounds are becoming
popular choices for those following plant-based diets.
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 Israel
Nutraceuticals Market.
Recent Development
- In August 2021, Ambrosia Supherb Ltd
collaborated with Tikun Olam -Cannbit to develop nutritional supplements derived
from cannabis and mushrooms. R&D teams from both the companies to develop
new products using existing nutritional supplements, including vitamins, minerals,
amino acids, and plants to strengthen the immune system.
- In 2019, Vitamed, which is a fully
owned unit of Rekah Pharmaceutical Industry Ltd., has signed a legally binding
contract with Teva Pharmaceutical Industries Ltd. to manufacture a number of
prescription and over-the-counter medications and products for preventing
infections 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 stores, 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.
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Attribute
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Details
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Base Year
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2022
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Historic Data
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2018 – 2021
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Estimated Year
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2023
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Forecast Period
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2024 – 2028
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Quantitative Units
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Revenue in USD Million, Volume in tons and CAGR for
2018-2022 and 2023-2028
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Report coverage
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Revenue forecast,
volume forecasting, Company shares, competitive landscape, growth factors,
and trends
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Segments covered
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Product
Form
Distribution Channel
Application
End User
Region
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Country scope
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The
Mediterranean Coastal Plain, The Central Hills, The Jordan Rift Valley, The
Negev Desert.
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Key companies profiled
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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
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Customization scope
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10% free report customization with purchase.
Addition or alteration to country, regional & segment scope.
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Pricing and purchase
options
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Avail customized
purchase options to meet your exact research needs.
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Delivery Format
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PDF
and Excel through Email (We can also provide the editable version of the
report in PPT/Word format on special request)
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Report Scope:
In this report, the Israel Nutraceutical market has been segmented into the following categories, in addition
to the industry trends, which have also been detailed below:
- Israel Nutraceuticals
Market, By Product Type:
- Vitamin
- Combination Nutraceutical
- Herbal Supplement
- Fish Oil &
Omega Fatty Acid
- Protein
- Others
- Israel Nutraceuticals Market, By Form:
- Tablets
- Capsules
- Powder
- Liquids
- Soft Gels/Gel Caps
- Israel Nutraceuticals
Market, By Distribution Channel:
- Pharmacies and
Drug Stores
- Supermarkets and
Hypermarkets
- Online
- Others
- Israel Nutraceuticals
Market, By Application:
- Energy &
Weight Management
- General Health
- Bone & Joint
Health
- Immunity
- Others
- Israel Nutraceuticals
Market, By End User:
- Infants
- Children
- Adults
- Pregnant
Females
- Geriatric
- Israel Nutraceuticals
Market, By Region:
- The
Mediterranean Coastal Plain
- The
Central Hills
- The
Jordan Rift Valley
- The
Negev Desert
Competitive landscape
Company Profiles: Detailed analysis of the major companies in Israel
Nutraceuticals 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 Nutraceuticals 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]