Egypt Herbs and Spices Market Outlook, Recent Demand, Insights, Outlook & Forecasts 2030
The market size for herbs and spices in Egypt is expected to reach approximately USD 94.8 million by 2030, with a projected compound annual growth rate (CAGR) of 3.27% between 2022 and 2030.
Competitive Analysis:
Leading players in the Egypt herbs and spices market
include Berlik Spices, United for Herbs and Spices, Green Valley Herbs, Valley
Herbs, Herbs Egypt, International Aromatics S.A.E., Al Sharq Spices, and
Aljawhara Herbs & Spices.
Segmentation:
The Egypt Herbs and Spices Market Outlook is segmented on the basis of type,
packaging material, distribution channel, and region.
By type, the Egypt herbs and spices market is
segmented into herbs and spices. The spices segment holds a larger share and is
expected to exhibit a steady 3.27% CAGR over the forecast period. The spices
segment is majorly driven by the growing demand from the food and beverage
industry in Egypt, which has led to a growing demand for spices of various
kinds. On the other hand, the herbs segment is expected to exhibit a higher
CAGR over the forecast period and grow steadily due to the growing inclusion of
herbs in cosmetic products in Egypt. The increasing demand for Mediterranean
food, which uses herbs in large volumes, in Egypt is also likely to be a major
driver for the herbs and spices market in Egypt over the forecast period.
By packaging material, the Egypt herbs and spices
market is segmented into paper, plastic, and others. Plastics held the dominant
share in the Egypt market in 2017, accounting for 58.35% of the overall market.
The paper segment is also expected to exhibit steady growth in the coming
years, as, apart from moisture resistance, paper presents many of the key
attributes required to store and transport spices and herbs.
By distribution channel, the Egypt herbs and spices
market is segmented into store-based and non-store-based. Store-based
distribution is likely to dominate the Egypt herbs and spices market over the
forecast period.
Regional Analysis:
The Egypt Herbs and Spices Market Insights is segmented into North Africa and
Southwest Asia. The presence of strong urban centers in the North Africa region
is likely to drive the demand for herbs and spices in the North Africa region
of Egypt over the forecast period. The North Africa region of Egypt holds urban
centers such as Cairo and Alexandria, leading to a growing demand for cosmetics
as well as food and beverages in this region. The increasing demand for herbs
and spices from the cosmetics industry is likely to be a major driver for the Egypt
herbs and spices market over the forecast period. the growing demand for
personal care products in urban centers in Egypt is likely to be a major driver
for the cosmetics industry in the region. Herbs as well as certain spices are
widely used in cosmetic products and are thus likely to exhibit an increase in
demand over the forecast period. The increasing awareness regarding personal
appearance and cleanliness is likely to drive the cosmetics sector in Egypt
over the forecast period, leading to a growing demand from the herbs and spices
market in the country. Increasing awareness about American cosmetic products
and the increasing efforts from multinational cosmetics industry players to
incorporate local flavors and products into the cosmetic products sold in Egypt
are also likely to be a major driver for the Egypt herbs and spices market over
the forecast period.
The growing food and beverage industry in Egypt is
also likely to remain a major driver for the Egypt herbs and spices market over
the forecast period. The food and beverage industry makes use of herbs and
spices liberally and in a wide range of products. This is likely to drive the
Egypt herbs and spices market over the forecast period. The increasing demand
for ethnically Egyptian food in Egypt is likely to drive the Egypt herbs and
spices market over the forecast period, as local herbs and spices are likely to
be consumed in increasing volumes for the production of the same. The growing
popularity of traditional food in Egypt with a twist of taste with Western
ingredients or herbs and spices is likely to be a major driver for the Egypt
herbs and spices market over the forecast period.
The Southwest Asia region is expected to exhibit a
higher CAGR over the forecast period, exhibiting a robust 3.87% over the
forecast period. The growing demand for food and beverages in the Southwest
Asia sector of Egypt is likely to remain a major driver for the Egypt herbs and
spices market over the forecast period.
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