Latest News:- Agriculture Market in Israel: Oilseeds and pulses is expected to lead the Type segment during 2024-2028

Agriculture Market in Israel to grow at a CAGR of 4.6% during 2024-2028

The Agriculture Market in Israel is expected to grow at a CAGR of 4.6% during 2023 and 2028. During this period, the market is also expected to show a growth of USD 2764 million. The agricultural industry in Israel has undergone significant transformation over the last century, with the integration of advanced technologies such as artificial intelligence (AI), machine learning, robotics, and the Internet of Things (IoT) revolutionizing farming practices. Israel is home to 39 AI agriculture startups, including those developing AI-based decision-making platforms for managing agricultural operations and AI-powered autonomous drones equipped with mechanical claws for harvesting fruits and pruning trees. This technological advancement has enabled Israel to become a global leader in agricultural technology, particularly in farming in arid environments. By reducing reliance on natural resources and instead focusing on environmentally-induced conditions, Israel's agricultural sector is at the forefront of innovation and progress. 

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The Oilseeds and pulses subsegment is expected to dominate the Type segment during the forecast period 

Technavio analysts predict that the Oilseeds and pulses subsegment will lead the Type segment during 2024 and 2028 The Israeli agriculture market presents significant business opportunities due to its advanced agricultural technologies, arid climate expertise, and focus on sustainable farming practices. Exports of agricultural products, particularly fresh produce and high-tech solutions, contribute substantially to Israel's economy. Strategic partnerships and investments in research and development can yield profitable returns for businesses seeking to penetrate this dynamic sector.

Here are the various ways based on which the market is segmented: 

• Type
  • Oilseeds and pulses
  • Cereals and grains
  • Commercial crops
  • Fruits and vegetables
  • Fishery consumables and meat
• Distribution Channel
  • Supermarket
  • Convenience stores
  • E-commerce
• Geography
  • Middle East and Africa

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There are several factors that are causing the market to flourish growth of organized retail sector

Learn which are the obstacles that the market is experiencing in the way of its growth by accessing the free PDF report

Research Analysis Overview

Israel's agriculture market is renowned for its advanced use of agricultural technologies, including drip irrigation and leak prevention systems, in response to the country's arid conditions. Precision agriculture is a key focus, enabling efficient use of natural resources and meeting consumer needs for high-quality farm products. Israel is known for commercial crops such as Almonds, Pomegranates, Olive Oil, Avocados, Dates, Bananas, Grapefruit, Turnips, Carrots, Tomatoes, and various pulses and oilseeds. Domestic production of meat and fishery consumables is also significant. Israel's agricultural sector is characterized by its innovative approach to farming under challenging arid conditions. The use of advanced agricultural technologies, such as drip irrigation and leak prevention systems, allows for efficient use of water resources. Precision agriculture techniques, including the use of drones and satellite imagery, enable farmers to optimize crop yields and reduce waste. Key farm products include fruits, vegetables, pulses, oilseeds, cereals, and grains. Almonds, Pomegranates, Olive Oil, Avocados, Dates, Bananas, Grapefruit, Turnips, Carrots, Tomatoes, and various pulses and oilseeds are among the most significant crops. The country's agricultural sector is a significant contributor to the economy and plays a vital role in meeting both domestic and international demand.

Market Research Overview

In the agricultural market of Israel, businesses operate within the food and non-food product and service categories. The market encompasses various sectors, including agriculture, aquaculture, floriculture, and horticulture, as well as associated services such as soil fertility and composting, land management, fencing, biocide services, biotechnology, and grooming. Pre-production processes are crucial to the market's success, involving strategic crop or species selection and comprehensive land or pond preparation to ensure optimal growing conditions for vegetables, fruits, oilseed crops, beverage and spice crops, medicinal and aromatic plants, fodder crops, aquatic plants, crustaceans, diadromous fish, freshwater fish, marine fish, and mollusks.

The Agriculture Market in Israel is experiencing significant growth, fueled by the growth of organized retail sector. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

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