Food - Egypt | Statista Market Forecast

Food - Egypt

Egypt

Highlights

Revenue in the Food market amounts to US$164.50bn in 2024. The market is expected to grow annually by 9.76% (CAGR 2024-2029).
The market's largest segment is the segment Bread & Cereal Products with a market volume of US$31.93bn in 2024.
In global comparison, most revenue is generated China (US$2tn in 2024).
In relation to total population figures, per person revenues of US$1.44k are generated in 2024.
In the Food market, 0.2% of total revenue will be generated through online sales by 2024.
In the Food market, volume is expected to amount to 43.27bn kg by 2029. The Food market is expected to show a volume growth of 3.3% in 2025.0.
The average volume per person in the Food market is expected to amount to 322.70kg in 2024.

Key regions:

Definition:

The food market covers all edible products that are bought and consumed for nutrient-based purposes. The market includes both fresh and processed foods.

Structure:

The market consists of 13 different markets:

The Dairy products & Eggs market covers animal products, such as milk, eggs and products made from mammal’s milk and non-animal products, such as milk substitutes. This market is divided into six subsegments that include milk, milk substitutes, yogurt, cheese, eggs and other dairy products and eggs.
The Meat market covers animal products, such as pork, poultry, and free-from meat products, such as meat substitutes. This market is divided into three submarkets: fresh meat, processed meat, and meat substitutes.
The Fish & Seafood market covers products made from fish and seafood. This market is divided into three submarkets: fresh fish, fresh seafood, and processed fish & seafood.
Fruits & Nuts cover edible fruits and nuts. This market is divided into three submarkets: fresh fruits, processed & frozen fruits, and nuts.
The Vegetables market covers edible plants. This market is divided into two submarkets: fresh vegetables, processed & frozen vegetables.
The Bread & Cereal products market covers baked goods made from dough. Dough is made using flour, water, a leavening agent, and other optional ingredients. This market also covers products made from cereals that are usually used as part of a main meal. This market is divided into five submarkets: bread, pasta, rice, breakfast cereals and other cereal products.
The Oils and Fats market covers both edible oils and fats made from animals and plants. This market is divided into four submarkets: butter, margarine, edible oils, and other oils & fats.
The Sauces and Spices market covers additional ingredients used during the food preparation process and is divided into three submarkets: tomato ketchup, other sauces, and spices & culinary herbs.
The Convenience food market covers prepared food and meals that require little effort to prepare. This market is divided into two subsegments, soups and ready-to-eat meals.
The Spreads and Sweeteners market covers spreads and ingredients added to food or beverages to give it a sweet flavor. This market is divided into two subsegments, spreads and sweeteners.
The Confectionery & Snacks market covers sweet, savory, and salty food. This market is divided into two subsegments, confectionery and snacks.
The Baby food market covers food that is only meant to be consumed by babies and small children.
The Pet food market covers food that is intended for pet use only.

Additional Information:

The market comprises revenue and average revenue per capita, volume and average volume per capita, price per unit (unit refers to kilogram), and sales channels. The market encompasses retail sales through both online and offline sales channels to private end customers (B2C). The market only covers at-home consumption; out-of-home consumption is not included. The out-of-home revenue data is only shown as a separate box at the market level.

For more information on the displayed data, click the info button on the right side of each box.

Market definitionIn-Scope/Out-of-scopeMarket structureReportsMethodology

The Food market in Egypt has been experiencing minimal growth, influenced by factors such as low consumer spending power, limited access to technology, and a preference for traditional food options. However, with increasing health awareness and a growing demand for convenience, there is potential for growth in sub-markets such as Dairy Products & Eggs, Convenience Food, and Pet Food. Government initiatives to support food security and promote domestic production also play a role in shaping the market.

Customer preferences: In Egypt, there has been a noticeable increase in demand for locally sourced, organic and sustainable food products. This trend can be attributed to the growing awareness and concern for environmental sustainability and health among consumers. Additionally, there has been a rise in demand for plant-based and vegetarian options, as more individuals are adopting these dietary preferences for health and ethical reasons. This shift reflects a changing mindset towards food consumption and a desire for more mindful food choices.

Trends in the market: In Egypt, The Food market industry is experiencing a surge in online food delivery services, with more consumers choosing to order meals through mobile apps for convenience and safety during the pandemic. This trend is expected to continue, as retailers and food establishments adapt to the changing consumer behavior and invest in technology to improve their delivery services. This shift towards digital platforms also presents opportunities for industry stakeholders, such as increased data collection and analysis for targeted marketing and personalized meal recommendations. However, it may also pose challenges for smaller, traditional food markets that rely on in-person sales. As the market continues to evolve, it will be crucial for industry players to stay updated on the latest technology and consumer preferences to remain competitive.

Local special circumstances: In Egypt, The Food market industry is heavily influenced by cultural factors, with traditional food and dietary habits playing a significant role in consumer preferences. The country's location in the Middle East also contributes to the market's unique dynamics, with cultural influences from neighboring countries shaping the food landscape. Additionally, regulatory constraints such as import restrictions and food safety standards impact the availability and variety of food products in the market. These factors create a diverse and dynamic market, with a mix of local and international players vying for consumer attention.

Underlying macroeconomic factors: The Food market in Egypt is heavily influenced by macroeconomic factors such as the country's economic stability, government policies, and global economic trends. With a growing population and increasing disposable income, the demand for food products is on the rise. Additionally, the government's efforts to improve food security and promote local production have also contributed to the growth of the market. However, challenges such as inflation, currency fluctuations, and political instability can hinder market growth. Furthermore, the increasing awareness of health and wellness among consumers is also impacting the market, with a growing demand for healthy and organic food products.

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.