Israel Agriculture Market Size
Study Period | 2019 - 2029 |
Base Year For Estimation | 2023 |
Market Size (2024) | USD 6.92 Billion |
Market Size (2029) | USD 8.69 Billion |
CAGR (2024 - 2029) | 4.65 % |
Market Concentration | Low |
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Israel Agriculture Market Analysis
The Agriculture in Israel Market size is estimated at USD 6.92 billion in 2024, and is expected to reach USD 8.69 billion by 2029, growing at a CAGR of 4.65% during the forecast period (2024-2029).
The increasing technological progress and innovation, the high level of investment in R&D, and the potential expansion of water resources are the three primary drivers behind the market's growth. The most popular products in the Israeli agricultural market are tomatoes, carrots, turnips, grapefruit, and bananas. Israel is also a significant exporter of dates, avocados, olive oil, pomegranates, and almonds, and it is a world leader in agricultural technologies. The government plans to invest more in the agricultural sector to meet the growing consumer needs for farm products.
Israel Agriculture Market Trends
This section covers the major market trends shaping the Israel Agriculture Market according to our research experts:
High Levels of Investment in Research and Development Driving the Market
Israel is a world leader in many aspects of agricultural technologies, particularly those associated with farming in arid conditions. In Israel, agriculture does not rely on natural resources but on the induced environment built on technological progress and innovation in the country. According to the results provided by the OECD, Israel implemented an advanced water pricing policy and encouraged innovation in water-related technologies. For instance, from 2016 to 2018, the gross domestic spending on R&D in the country spiked by 8.8%, from 4.5% in 2016 to 4.9% in 2018. Therefore, agriculture in Israel highly benefits from the high levels of investments in advanced technological innovations. The Israeli government also has enormous plans for investments in several advanced technologies, including precision agriculture, leak prevention technologies, and drip irrigation.
Analysis of Fruits in the Market for Agriculture in Israel
Israel is one of the world's leading producers and exporters of fresh citrus fruits, including oranges, grapefruits, and tangerines. As per the study conducted by FAO in 2018, the overall fruit production in the country peaked at 1,419,730 thousand metric ton, garnering nearly 45.1% share of the total agricultural output in the country. The country grows more than forty types of fruits, and in addition to citrus fruits, it also grows bananas, apples, avocados, cherries, plums, nectarines, grapes, dates, strawberries, persimmon, and pomegranates. Israel produces 95% of the crops needed for consumption in the country as it has produced seeds and crops that are disease- and weather-resistant.
Israel Agriculture Market News
- In February 2022, the Ministry of Agriculture and Rural Development planned to invest NIS 30 million to boost agro-technology.
- In July 2021, the government planned to increase competition in the agricultural industry, increase the range of available products, and lower the prices of fruits, vegetables, and eggs. This reform will save Israelis about NIS 2.7 billion a year, or NIS 840 per household.
- In 2017, agriculture-related investments in India were aimed at training farmers in modern cultivation skills in 26 Centers of Excellence across India.
- In 2017, the Indo-Israeli Agricultural Project was initiated in collaboration with MASHAV - Israel's Agency for International Development Cooperation.
Israel Agriculture Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Deliverables
1.2 Study Assumptions and Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.3 Market Restraints
5. MARKET SEGMENTATION
5.1 Type
5.1.1 Cereals and Grains
5.1.1.1 Domestic Production (Volume)
5.1.1.2 Domestic Consumption (Value and Volume)
5.1.1.3 Import Value and Volume
5.1.1.4 Export Value and Volume
5.1.1.5 Price Trend Analysis
5.1.2 Oilseeds and Pulses
5.1.2.1 Domestic Production (Volume)
5.1.2.2 Domestic Consumption (Value and Volume)
5.1.2.3 Import Value and Volume
5.1.2.4 Export Value and Volume
5.1.2.5 Price Trend Analysis
5.1.3 Fruits and Vegetables
5.1.3.1 Domestic Production (Volume)
5.1.3.2 Domestic Consumption (Value and Volume)
5.1.3.3 Import Value and Volume
5.1.3.4 Export Value and Volume
5.1.3.5 Price Trend Analysis
5.1.4 Commercial Crops
5.1.4.1 Domestic Production (Volume)
5.1.4.2 Domestic Consumption (Value and Volume)
5.1.4.3 Import Value and Volume
5.1.4.4 Export Value and Volume
5.1.4.5 Price Trend Analysis
5.1.5 Fishery Consumables and Meat
5.1.5.1 Domestic Production (Volume)
5.1.5.2 Domestic Consumption (Value and Volume)
5.1.5.3 Import Value and Volume
5.1.5.4 Export Value and Volume
5.1.5.5 Price Trend Analysis
6. REGIONAL ANALYSIS
6.1 PESTLE Analysis
6.2 Value Chain Analysis
6.3 Government Policies
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
Israel Agriculture Industry Segmentation
The study analyzes the agricultural sector of Israel and predicts the growth of the various segments in the sector. The report considers food crops/cereals, oilseeds, pulses, commercial crops, turf and ornamentals, fruits, and vegetables. The study discusses agricultural production, consumption, import, export, market trends, government regulations, growth forecast, and the key companies present in the sector.
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Israel Agriculture Market Research FAQs
How big is the Agriculture in Israel Market?
The Agriculture in Israel Market size is expected to reach USD 6.92 billion in 2024 and grow at a CAGR of 4.65% to reach USD 8.69 billion by 2029.
What is the current Agriculture in Israel Market size?
In 2024, the Agriculture in Israel Market size is expected to reach USD 6.92 billion.
What years does this Agriculture in Israel Market cover, and what was the market size in 2023?
In 2023, the Agriculture in Israel Market size was estimated at USD 6.61 billion. The report covers the Agriculture in Israel Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Agriculture in Israel Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Agriculture in Israel Industry Report
Statistics for the 2024 Agriculture in Israel market share, size and revenue growth rate, created by Mordor Intelligenceā¢ Industry Reports. Agriculture in Israel analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.