Egypt Fruits and Vegetables Market

Egypt Fruits and Vegetables Market Overview: 

The Egypt fruits and vegetables market size reached US$ 13.2 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 27.7 Billion by 2032, exhibiting a growth rate (CAGR) of 8.50% during 2024-2032.. The increasing population, rising health consciousness, government support for agricultural initiatives, improved supply chain infrastructure, advancements in farming technologies, and expanding export opportunities are some of the major factors propelling the growth of the market.

Egypt Fruits And Vegetables Market Trends:

Government Support and Agricultural Initiatives

The Egyptian government actively supports the agriculture sector through various initiatives aimed at improving productivity and sustainability. These include subsidies, training programs for farmers, and investments in modern farming technologies. Such support enhances the quality and quantity of fruits and vegetables produced, driving market growth. For instance, in May 2024, Egyptian President Abdel Fattah El Sisi began the first phase of a sprawling agricultural development project on Monday, aiming to improve Egypt's food security and reduce its reliance on imports. The Future of Egypt project seeks to reclaim about 1.8 million hectares of land by 2030, in addition to modernizing irrigation systems and increasing agricultural production. The project, led by the state’s Future of Egypt Authority, launched at a ceremony marking the start of the 2024 wheat harvest season. Plans are undertaken to replace imports of two million tonnes of wheat, 180,000 tonnes of corn, and 360,000 tonnes of sugar annually, saving $3.7 billion in foreign currency. He also set a goal of increasing Egypt's agricultural exports by 20 to 25% over the next 5 years.

Increasing Population and Health Consciousness

With a growing population, the demand for essential food items like fruits and vegetables is on the rise. The increasing health awareness among consumers leads to higher consumption of fresh produce, as people seek nutritious and healthy dietary options to maintain their well-being. According to industry report, the Egyptian population grew 1.4% in the past year, its lowest in 50 years, the Egyptian Ministry of Planning said Thursday. The ministry, which cited a report by the National Project for Egyptian Family Development, said Egypt achieved success in reducing the growth rate by 46% from 2017 to 2023. It noted that the birth rate hit 2 million in 2023, a decline of 15% compared to 2018. Egypt's population as of January 1 stood at 105.8 million up from 104.4 million in 2022, according to the Central Agency for Public Mobilization and Statistics. The agency estimates that 12 million Egyptians live abroad. Similarly, according to a global nutritional report, Egypt has shown limited progress towards achieving the diet-related non-communicable disease (NCD) targets. 44.7% of adult (aged 18 years and over) women and 25.9% of adult men are living with obesity. Egypt's obesity prevalence is higher than the regional average of 20.8% for women and 9.2% for men. At the same time, diabetes is estimated to affect 23.4% of adult women and 18.8% of adult men.

Egypt Fruits and Vegetables Market News:

In February 2022, GEA has secured its third contract from food manufacturer Pol’s to deliver and install RAY® freeze drying equipment at the company’s 4,000 m2 fruit and vegetable freeze drying facility in Ermenek, Karaman, Turkey. The new order will see another RAY® 125 freeze dryer installed at the Pol’s site. This will give the ability to increase freeze drying output from 200 tons to 300 tons per year. Handover of the new equipment is expected by mid-2022.

In December 2023, the Government of Egypt and the World Bank launched a new partnership on Sunday to bolster sustainable agricultural practices and promote innovation in climate-smart agriculture (CSA) within the country. In a statement by the Ministry of International Cooperation (MoIC), the initiative aims to leverage the success and expertise gained from a project funded by the Korea Green Growth Trust Fund (KGGTF), which centered on localizing technologies and adopting best practices essential for enhancing CSA in Egypt. The new initiative seeks to develop innovative digital applications tailored to serve Egypt's agricultural sector and extend its impact on regional activities, particularly in Africa. According to the MoIC statement, the collaboration is in line with the Climate Resilient Agri-Food Transformation (CRAFT) project, a key component of Egypt’s Nexus of Water, Food, and Energy (NWFE) program.

Egypt Fruits and Vegetables 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 product and distribution channel.

Product Insights:

• Fresh Fruits and Vegetables
• Dried Fruits and Vegetables
• Frozen Fruits and Vegetables
   

The report has provided a detailed breakup and analysis of the market based on the product. This includes fresh fruits and vegetables, dried fruits and vegetables, and frozen fruits and vegetables.

Distribution Channel Insights:

• Supermarkets and Hypermarkets
• Grocery Stores
• Online
• Others
   

A detailed breakup and analysis of the market based on the distribution channel have also been provided in the report. This includes supermarkets and hypermarkets, grocery stores, online, and others.

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 Fruits and Vegetables Market Report Coverage:

Key Questions Answered in This Report:

• How has the Egypt fruits and vegetables market performed so far and how will it perform in the coming years?
• What has been the impact of COVID-19 on the Egypt fruits and vegetables market?
• What is the breakup of the Egypt fruits and vegetables market on the basis of product?
• What is the breakup of the Egypt fruits and vegetables market on the basis of distribution channel?
• What are the various stages in the value chain of the Egypt fruits and vegetables market? 
• What are the key driving factors and challenges in the Egypt fruits and vegetables?
• What is the structure of the Egypt fruits and vegetables market and who are the key players?
• What is the degree of competition in the Egypt fruits and vegetables 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 fruits and vegetables market from 2018-2032.
• The research report provides the latest information on the market drivers, challenges, and opportunities in the Egypt fruits and vegetables 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 fruits and vegetables 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.