Herbs, spices & seasonings inflation in Israel stood at 0.070% in April 2023, according to GlobalData’s report on the prices of stock keeping units (SKUs) supplied through online retailers. In Q2 2023, GlobalData monitored the pricing of 133 herbs, spices & seasonings SKUs from companies such as Maimon Spices, Lux and Pereg that were sold by e-retailers. Buy the report here.

Pricing is crucial, especially in a challenging economic climate, as competitive pricing and price leadership impact consumers’ choices. GlobalData’s pricing analysis reveals that Keshet Teamim offered the lowest prices of the total SKUs within the herbs, spices & seasonings category from April through June 2023, followed by Yeinot Bitan and Israeli Supermarket Online. According to the analysis, the price range of $5 and below was the most competitive, with 128 SKUs.

The chart below illustrates price leadership among the covered retailers which offer the highest number of low-priced products in the category. Of all retailers, Keshet Teamim had the greatest share of lowest prices for individual SKUs in herbs, spices & seasonings in Israel in Q2 2023.

Analysis of the quarterly price data showed that no discounts were offered for herbs, spices & seasonings category by the retailers tracked by GlobalData. Among variants, the tracker revealed sweet paprika and basil as the most popular (by number of SKUs) herbs, spices & seasonings variants. These were priced 25.65% higher than the average price of a herbs, spices & seasonings SKU.

Among the e-retailers tracked by GlobalData, the leading ones, based on the number of SKUs, were Keshet Teamim, Yeinot Bitan, Israeli Supermarket Online, Israeli Kosher and . According to the analysis, Keshet Teamim had the lowest average unit price, while the retailer with the widest product assortment was Keshet Teamim.

The report brings attention to the intricate pricing dynamics within the herbs, spices & seasonings market, examining both the SKU and retailer levels, and offering invaluable insights for stakeholders. Notably, Keshet Teamim, Yeinot Bitan and Israeli Supermarket Online stood out as prominent e-retailers, providing competitive pricing for a substantial number of herbs, spices & seasonings SKUs. However, to comprehensively grasp the herbs, spices & seasonings market in Israel, continuous tracking of SKU pricing over time is necessary.

For a more detailed analysis of pricing trends in the Israel's herbs, spices & seasonings market, buy the report here.

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