Key Market Indicators
Israeli spice consumption is projected to decline to approximately 3,700 metric tons by 2028, down from 4,000 metric tons in 2023. This marks an annual decrease of 1.1% in compound annual growth rate (CAGR). Since 2019, the demand for spices in Israel has remained stagnant, showing no significant change. In 2023, Israel ranked 78th in global spice consumption. Uganda, with 4,000 metric tons, edged out Israel for the 77th spot. Leading the global rankings, Bangladesh, Indonesia, and Thailand secured the second, third, and fourth positions, respectively, in spice consumption.
