Egypt Organic food market – Opportunities & Forecast, 2020-2027
The market report analyses the market while considering various aspects of the market such as market size, market status, market trends, and forecast. The report also offers brief information on the competitors and specific growth opportunities while covering the key drivers of the market. The report has been categorized based on the different segments, including product type and distribution channel.
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Egypt Organic Food Market drivers:
Growing awareness associated with the
side-effects of pesticides, fertilizers and the prevalence of genetically
modified seeds and crops in Egypt are factors driving the growth of the Egypt
organic food market. Furthermore, the growing number of organic farms in
Egypt resulted from high profits earned by organic agriculture, thereby
promoting the farmers to opt for organic agriculture methods. The numerous
motivations attract consumers to buy organic food products such as rising
environmental concerns, health concerns, growing focus on food quality and
safety. The people in Egypt are moving towards a balanced life and healthy food
products. All these factors are fuelling the growth of the market.
Agriculture is an essential component of
the Egyptian economy and is dominated by the small farmers that use the
traditional practices which do not meet international standards. The government
is pushing the farmers and large-scale producers to adopt organic farming
practices to cope up with the growing demand of the market. Nearly 60 percent
of the Egyptian-grown herbs and organic food products are exported to the
European economies such as Italy and Germany. This factor is further
accelerating the demand for organic food products in the country. On the other
edge of the spectrum, the low shelf life of the organic food products, coupled
with the premium price range of these products, will hinder the growing demand
of the market.
Egypt Organic Food Market Segmentation:
According to the report published by GMI
Research, titled “Egypt Organic Food Market,” the industry is predicted to
witness the highest CAGR during the forecast period. The segmentation of the
market is as follows:
By Product Type:
·
Organic Meat, Poultry, and
Dairy
·
Organic Fruits and vegetables
·
Organic Processed Food
·
Others
By Distribution Channel:
·
Supermarket/Hypermarket
·
Convenience Store
·
Speciality Stores
·
Online
·
Others
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