The market for chocolates in Israel is expected to increase at a strong Compound Annual Growth Rate (CAGR) of 4.62% over the course of the forecast period. The market was assessed to be worth USD 155.43 million in 2023 and is expected to grow to a significant USD 230.12 million by the end of the 2024–2032 forecast period.
Israel's chocolate market's business-to-business (B2B) sector is expanding due to the growing demand for specialty and premium goods from a range of sectors, such as confectionery, baking, and foodservice. In order to produce artisanal and inventive products, companies in these industries are increasingly procuring premium chocolate products, such as couverture chocolate, cocoa mass, and chocolate chips. The increasing demand for gourmet, organic, and health-conscious chocolate among consumers is a major factor driving this trend, prompting companies to look for raw materials and semi-finished goods that may satisfy these tastes. Furthermore, the move toward plant-based, vegan, and sugar-free chocolates is in line with larger worldwide patterns, giving business-to-business purchasers the chance to adapt to shifting consumer preferences.
The existence of international chocolate brands is one of the major factors influencing the B2B chocolate business in Israel. By collaborating with regional distributors and suppliers, these businesses are giving enterprises access to a wider variety of goods and ingredients, ranging from premium and specialty chocolate to ordinary bulk supplies. The local market is enhanced by this vibrant exchange with global companies, which gives business-to-business purchasers the freedom to expand their product offerings. The availability of premium foreign chocolate ingredients enables local businesses, particularly those in the bakery and confectionery industries, to improve their products and compete in a market that is becoming more and more focused on luxury goods.
Market Segment Insight
The Israel chocolate market has been divided into two segments based on product type: traditional and artificial.
The Israel chocolate market has been divided into two segments based on nature: unsweetened and semisweet/bittersweet.
Dark, Milk, White, and Ruby are additional classifications for the semisweet/bittersweet section.
The Israel chocolate market has been divided into four categories based on form: liquid chocolate, chocolate bars, chocolate shards, and clusters or truffles.
The Israel chocolate market has been divided into several segments based on application: bakery, confectionery, frozen desserts & ice cream, beverages, residential/retail, and others.
The Israel chocolate market has been divided into two segments based on price: Mass/Economy and Premium.
The Israel chocolate market has been divided into direct and indirect segments based on the distribution channel.
Key Players
The Barry Callebaut Group, Cacao HaGalil, Max Brenner, Carmit Candy Industries, IKA Chocolate, Roy Chocolate, Holy Cacao, Yaar Hacacao, and Strauss Group Ltd. are the leading companies in the Israeli chocolate market.
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