Currency conversion rate as of December 17, 2024 was 1 USD = 3.6 ILS.
According to the source, the 2014 Food Competition Promotion Law aimed to reduce food prices and increase competition, but after ten years, its goals were largely unmet. While market concentration decreased in retail, large suppliers maintained significant market shares.
In 2023, the total value of the food product market in Israel stood at ** billion Israeli shekels, about **** billion U.S. dollars. This marked an increase of almost  percent compared to 2020. Over the period observed, the value of the food product market experienced a steady growth in the country.
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Knesset. (March 17, 2024). Total annual value of the food FMCG market in Israel from 2017 to 2023 (in billion Israeli shekel) [Graph]. In ÌÇÐÄÆƽâ°æ. Retrieved August 02, 2026, from /statistics/1548491/israel-annual-value-food-product-market/
Knesset. "Total annual value of the food FMCG market in Israel from 2017 to 2023 (in billion Israeli shekel)." Chart. March 17, 2024. ÌÇÐÄÆƽâ°æ. Accessed August 02, 2026. /statistics/1548491/israel-annual-value-food-product-market/
Knesset. (2024). Total annual value of the food FMCG market in Israel from 2017 to 2023 (in billion Israeli shekel). ÌÇÐÄÆƽâ°æ. ÌÇÐÄÆƽâ°æ Inc.. Accessed: August 02, 2026. /statistics/1548491/israel-annual-value-food-product-market/
Knesset. "Total Annual Value of The Food Fmcg Market in Israel from 2017 to 2023 (in Billion Israeli Shekel)." ÌÇÐÄÆƽâ°æ, ÌÇÐÄÆƽâ°æ Inc., 17 Mar 2024, /statistics/1548491/israel-annual-value-food-product-market/
Knesset, Total annual value of the food FMCG market in Israel from 2017 to 2023 (in billion Israeli shekel) ÌÇÐÄÆƽâ°æ, /statistics/1548491/israel-annual-value-food-product-market/ (last visited August 02, 2026)
Total annual value of the food FMCG market in Israel from 2017 to 2023 (in billion Israeli shekel) [Graph], Knesset, March 17, 2024. [Online]. Available: /statistics/1548491/israel-annual-value-food-product-market/
