Israel Edible Oil Market Outlook

Synopsis
The above chart is Israel Edible Oil Market Outlook (2018 to 2032)

Market Dynamics

Israel edible oil market is expected to witness a robust growth in the forecast period 2018 to 2032. israel is a major exporter of edible oils and its export of palm oil, sunflower oil, soybean oil and other refined oils has increased significantly over the past few years. this is attributed to the increasing demand for edible oil from the growing population and changing dietary habits. the health benefits associated with the use of edible oil makes it popular among health conscious consumers and is driving the demand for edible oils in israel. furthermore, increasing prevalence of cardiovascular diseases and rising awareness about the importance of a balanced diet are encouraging consumers to eat healthier. this has resulted in an increased demand for edible oils in israel. the government of israel has been aggressively promoting the exploration and research of alternative sources of edible oil, such as rapeseed, camelina, and jojoba oils. the government has also provided subsidies to the researchers in the edible oil sector. this has resulted in the availability of a wide variety of edible oils, providing consumers with great variety to choose from. in terms of revenue, palm oil is expected to remain the most dominant commodity in the edible oil market in israel by 2032, due to its affordability and health benefits. the manufacturing of biodiesel in israel has increased significantly over the past few years. this has resulted in a rising number of manufactures producing refined palm oil, which has in turn boosted the demand for palm oil. growth in the food and beverage sector has also spurred the demand for edible oils in israel. this is attributed to the increasing consumption of snacks, ice-creams, and confectioneries. having said that, increasing campaigns for propagating organic and healthy oils are expected to hamper the demand for traditional edible oils. in conclusion, owing to the growing health consciousness and rising disposable income, the demand for edible oils in israel is expected to witness robust growth with a cagr of 2.7% between 2018 and 2032. the government initiatives in expanding the edible oil sector are also likely to play a crucial role in further increasing the demand for edible oil.