Key regions: Philippines, South Korea, Canada, Japan, China
The Confectionery & Snacks Market in Egypt is experiencing minimal growth, influenced by factors like increasing consumer health consciousness and the convenience of online services. Despite sub-market variations, the overall growth rate remains low.
Customer preferences: In Egypt, there is a growing trend towards healthier snacking options, with consumers opting for more nutritious and natural choices. This is driven by a rising health consciousness among individuals, as well as an increasing awareness of the benefits of a balanced diet. Additionally, there is a growing demand for convenient and on-the-go snacking options, as busy lifestyles and increasing urbanization have led to a need for quick and easy food options. As a result, there has been a rise in the availability of healthier and more convenient snack choices, such as fruit and nut bars, protein bars, and vegetable-based snacks.
Trends in the market: In Egypt, the Confectionery & Snacks Market within The Food market is experiencing a surge in demand for healthier snack options. Health-conscious consumers are increasingly seeking out products with natural and organic ingredients, as well as those that are low in sugar and fat. This trend is expected to continue, driven by the rise of health and wellness awareness in the country. Industry stakeholders should take note of this trend and consider incorporating healthier options into their product offerings to stay competitive in the market. Additionally, there is a potential for collaborations with local suppliers and farmers to source natural and organic ingredients, further tapping into this growing trend.
Local special circumstances: In Egypt, the Confectionery & Snacks Market is heavily influenced by the country's rich history and diverse cultural heritage. Traditional sweets such as baklava and basbousa are still popular among locals, while international brands have also gained a strong foothold in the market. Additionally, the country's warm climate and proximity to the Mediterranean Sea make it an ideal location for the production of fruits and nuts, which are often used in confectionery and snack products. Furthermore, the government's efforts to promote foreign investment and economic growth have created a favorable business environment for the food industry. As a result, Egypt's Confectionery & Snacks Market continues to experience steady growth and attract both local and international players.
Underlying macroeconomic factors: The Confectionery & Snacks Market within The Food market in Egypt is heavily influenced by macroeconomic factors such as global economic trends, national economic health, and fiscal policies. The country's GDP growth and inflation rates, as well as its trade and investment policies, play a significant role in shaping the performance of this market. Additionally, consumer spending power and disposable income levels are crucial indicators of market potential for confectionery and snack products. As the Egyptian economy continues to recover and strengthen, the demand for indulgent and convenient food options is expected to increase, driving the growth of the Confectionery & Snacks Market in the country.
Data coverage:
The data encompasses B2C enterprises. Figures are based on the total consumer spending on food, which comprises all private household spending on food that is meant for at-home consumption (out-of-home consumption is not accounted for).Modeling approach:
Market sizes are determined through a top-down approach, building on specific predefined factors for each market segment. As a basis for evaluating markets, we use resources from the Statista platform as well as in-house market research, national statistical offices, international institutions, trade associations, companies, the trade press, and the experience of our analysts. In addition, we use relevant key market indicators and data from country-specific associations, such as GDP, consumer spending, and consumer price index. This data helps us estimate the market size for each country individually.Forecasts:
In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the relevant market. For example, the exponential trend smoothing is well suited for forecasting the Food market with a projected steady growth. The main drivers are GDP per capita and consumer spending per capita.Additional notes:
The data is modeled using current exchange rates. The impact of the COVID-19 pandemic and the Russia-Ukraine war are considered at a country-specific level. The market is updated twice a year.
Mon - Fri, 9am - 6pm (EST)
Mon - Fri, 9am - 5pm (SGT)
Mon - Fri, 10:00am - 6:00pm (JST)
Mon - Fri, 9:30am - 5pm (GMT)
Mon - Fri, 9am - 6pm (EST)
