Key regions: China, South Korea, Russia, United Kingdom, India
The Cheese Market in Egypt is facing subdued growth due to various factors such as increasing competition, changing consumer preferences, and limited access to technology. Despite these challenges, the market is still expected to see some growth in the coming years as a result of rising health consciousness and the convenience of online shopping for dairy products.
Customer preferences: As health consciousness continues to rise among consumers in Egypt, there is a growing demand for healthier and more natural options in the Cheese Market of the Dairy Products & Eggs Market within The Food market. This trend is driven by a shift towards clean eating and a desire for transparency and sustainability in food production. Additionally, there is a growing preference for locally-sourced and artisanal cheeses, reflecting a renewed interest in traditional and cultural foods. This has led to an increase in small-scale cheese producers and a rise in specialty cheese shops.
Trends in the market: In Egypt, the Cheese Market of the Dairy Products & Eggs Market within The Food market is experiencing a shift towards artisanal and organic cheese products, driven by consumer demand for healthier and more sustainable options. This trend is expected to continue, with cheese producers investing in new technologies and processes to meet the growing demand. Additionally, there is a rising trend of using e-commerce platforms to purchase cheese, as consumers seek convenience and a wider selection of products. These trends have significant implications for industry stakeholders, as they must adapt to changing consumer preferences and invest in digital platforms to remain competitive in the market.
Local special circumstances: In Egypt, the Cheese Market of the Dairy Products & Eggs Market within The Food market is heavily influenced by the country's rich dairy traditions and cultural preferences. The demand for cheese is driven by the large population of cheese-loving consumers and the popularity of traditional dishes, such as molokhia and kushari, that heavily feature cheese. Additionally, the market is also affected by the government's regulations on food imports, which impact availability and pricing. These factors create a unique market dynamic that sets it apart from other markets in the region.
Underlying macroeconomic factors: The expansion of the Cheese Market of the Dairy Products & Eggs Market within The Food market is heavily influenced by macroeconomic factors in Egypt. The country's economic growth and stability, along with global economic trends, play a significant role in shaping the market. Fiscal policies, such as government subsidies and tax incentives, can also impact the market's performance. Additionally, consumer purchasing power and disposable income levels in Egypt can affect the demand for cheese products. Fluctuations in currency exchange rates and inflation rates can also impact the cost of production and ultimately influence the market's growth. Furthermore, government initiatives to promote local dairy production and reduce imports may impact the availability and pricing of cheese products in the market. These macroeconomic factors, combined with the growing population and increasing urbanization in Egypt, are expected to drive the growth of the Cheese 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)
