The market for agriculture in Israel is projected to register a CAGR of 5.50% during the forecast period. In 2018, the overall agricultural production in the country peaked, including oilseeds and pulses, fruits and vegetables, cereals and grains, commercial crops, and roots and tubers, at 42,121 thousand metric ton. The increasing technological progress and innovation, the high level of investment in research and development, and the potential expansion of water resources are the three primary drivers behind the growth of the market. The most popular products of the Israel agriculture market are tomatoes, carrots, turnips, grapefruit, and bananas, among others. Israel is also a significant exporter of dates, avocados, olive oil, pomegranates, and almonds, and it is a world leader in agricultural technologies. Moreover, to meet the surplus growing consumer needs for farm products, the government is planning to invest more in the agricultural sector.
Key Market Trends
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 so much rely on natural resources, but more 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, during the period 2016-2018, the gross domestic spending on research and development, 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. Adding to which the Israeli government has enormous plans of investments in several advanced technologies include precision agriculture, leak prevention technologies, and drip irrigation, among others.
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 1,897.5 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, they also grow bananas, apples, avocados, cherries, plums nectarines, grapes, dates, strawberries, persimmon, and pomegranates. Israel produces 95% of the crops needed for consumption in the country because the country has produced seeds and crops that are disease and weather resistant.
Reasons to Purchase this report:
- The market estimate (ME) sheet in Excel format
- 3 months of analyst support