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Learn moreDec 2020
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COVID-19 is expected to have a considerable impact on packaged food in 2020. In retail, the COVID-19 pandemic is expected to stimulate higher growth for categories perceived as essential or long-lasting products, as consumer stockpiling will increase demand.
Large gatherings were restricted from 15 March, and from 25 March locals were banned from venturing more than 100m from their homes. Full lockdown was introduced on 7 April, although the permissible movement was later extended to 500m from home for exercise and sporting activities.
Some manufacturers in Israel, such as Strauss Group, have begun to prioritise their work and distribution in order to meet the increased retail demand that is expected to shape packaged food in 2020. By diverting supplies and work effort towards retail distribution, companies are able to prioritise areas of profit, and offset some of the heavy losses expected in foodservice volume sales following foodservice outlet closures.
The COVID-19 pandemic has meant that many consumers have been more hesitant to leave their homes in order to buy groceries. Staying home allows consumers to reduce the risk of exposure to the COVID-19 and, as such, more consumers are expected to turn to e-commerce in 2020 in order to avoid the crowds of retail outlets.
Due to the outbreak of COVID-19 and the need to implement social distancing and lockdown measures in order to protect the population from the spread of infection, foodservice outlets had to remain closed for many weeks in 2020. Some outlets were able to remain open for takeaway and delivery in order to reduce the negative impact on their business, but restrictions and outlet closures is expected to result in a significant decline in foodservice volume sales.
Although COVID-19 has been at the front of consumers’ minds for much of 2020, many of the pre-COVID-19 trends in packaged food are expected to re-emerge in the coming years. Health and wellness trends may even be further boosted by the increased attention to health and immunity caused by the COVID-19 crisis.
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Overview
Discover the latest market trends and uncover sources of future market growth for the Packaged food industry in Israel with research from Euromonitor's team of in-country analysts.
Find hidden opportunities in the most current research data available, understand competitive threats with our detailed market analysis, and plan your corporate strategy with our expert qualitative analysis and growth projections.
If you're in the Packaged food industry in Israel, our research will save you time and money while empowering you to make informed, profitable decisions.
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The Packaged food in Israel market research report includes:
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This industry report originates from Passport, our Packaged Food market research database.
Gain competitive intelligence about market leaders. Track key industry trends, opportunities and threats. Inform your marketing, brand, strategy and market development, sales and supply functions.