Egypt Agriculture Market

Egypt Agriculture Market Overview: 

The Egypt agriculture market size reached US$ 24.6 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 30.1 Billion by 2032, exhibiting a growth rate (CAGR) of 2.10% during 2024-2032. The increasing number of agricultural exports, rapid urbanization, ongoing adoption of modern agricultural technologies, including precision farming, biotechnology, and mechanization, food security concerns, and investments in research and development (R&D) activities are expanding the growth of the market.

Egypt Agriculture Market Trends:

Rapid Urbanization

An article published in 2024 on the website of the Central Intelligence Agency (CIA), the urban population in Egypt was 43.1% of total population in 2023. Urbanization typically correlates with population growth and rising incomes, leading to increasing demand for food, including fruits, vegetables, dairy products, and meat. As urban populations are expending, there is a greater need to produce food to feed these populations. The increase in this demand is influencing the agriculture sector to grow, which is also opening doors for farmers to supply ready-to-eat (RTE) and processing food items in urban areas.

Furthermore, urbanization stimulates the development of agricultural supply chains to meet the demand for food in urban areas. This includes investments in transportation networks, cold storage facilities, processing plants, and wholesale markets to ensure efficient distribution of agricultural products from rural areas to urban markets. The development of robust supply chains is supporting the growth of the agriculture market by facilitating the movement of goods and reducing post-harvest losses. In line with this, urbanization creates new market opportunities for agricultural producers, including direct sales to urban people through farmers' markets, supermarkets, and online platforms.

Increasing Agricultural Exports

According to the content published on the website of Egypt State Information Service, Egypt's agricultural exports in the first quarter of 2024 have reached $1.5 billion, an increase of $300 million compared to the same period in 2023. Exporting agricultural products allows Egyptian farmers and agribusinesses to access international markets and earn foreign exchange. Higher export revenues can contribute to increased investments in the agriculture sector, including modernization, technology adoption, and infrastructure development. In addition, expanding agriculture exports diversifies the market base for Egyptian producers, reducing dependence on domestic demand fluctuations. Besides this, broad access to international markets can help to reduce these risks by allowing companies to benefit from a more diverse range of demand sources, and in turn, less risk of oversupply and price volatility on the domestic market.

Moreover, export-oriented agriculture worldwide comes with requirements of international standards and certifications driving technology transfer and best practices adoption. Working with international partners and getting connected to the market across the globe creates an environment potential to dig into the roots of innovation and knowledge exchange in the agriculture sector in Egypt.

Egypt Agriculture Market News:

• October 24, 2023: Ventile, sustainable textile manufacturer partnered with the Egyptian Biodynamic Association (EBDA) to promote sustainable agricultural practices through biodynamic farming in the Nile Delta region of Egypt.
• December 11, 2023: The Ministry of International Cooperation partnered with Egypt World Bank Group (WBG) to foster innovations in climate-smart agriculture.
   

Egypt Agriculture Market Segmentation:

IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the country level for 2024-2032. Our report has categorized the market based on type.

Type Insights:

• Food Crops/Cereals
• Fruits
• Vegetables
• Oilseeds and Pulses
   

The report has provided a detailed breakup and analysis of the market based on the type. This includes food crops/cereals, fruits, vegetables, and oilseeds and pulses.

Regional Insights: 

• Greater Cairo
• Alexandria
• Suez Canal
• Delta
• Others
   

The report has also provided a comprehensive analysis of all the major regional markets, which include Greater Cairo, Alexandria, Suez Canal, Delta, and Others.

Competitive Landscape:

The market research report has also provided a comprehensive analysis of the competitive landscape. Competitive analysis such as market structure, key player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided.

Egypt Agriculture Market Report Coverage:

Key Questions Answered in This Report:

• How has the Egypt agriculture market performed so far and how will it perform in the coming years?
• What has been the impact of COVID-19 on the Egypt agriculture market?
• What is the breakup of the Egypt agriculture market on the basis of type?
• What are the various stages in the value chain of the Egypt agriculture market? 
• What are the key driving factors and challenges in the Egypt agriculture?
• What is the structure of the Egypt agriculture market and who are the key players?
• What is the degree of competition in the Egypt agriculture market?

Key Benefits for Stakeholders:

• IMARC’s industry report offers a comprehensive quantitative analysis of various market segments, historical and current market trends, market forecasts, and dynamics of the Egypt agriculture market from 2018-2032.
• The research report provides the latest information on the market drivers, challenges, and opportunities in the Egypt agriculture market.
• Porter's five forces analysis assist stakeholders in assessing the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. It helps stakeholders to analyze the level of competition within the Egypt agriculture industry and its attractiveness.
• Competitive landscape allows stakeholders to understand their competitive environment and provides an insight into the current positions of key players in the market.