Egypt Confectionery Market (2024-2030) | Value, Forecast, Outlook, Analysis, Companies, Trends, Share, Revenue, Size, Growth & Industry

Egypt Confectionery Market Highlights

Report Name	Egypt Confectionery Market
Forecast period	2024-2030
CAGR	3.5%
Growing Sector	Food Service

Topics Covered in the Egypt Confectionery Market Report

The Egypt Confectionery Market report thoroughly covers the market by Type and Distribution Channel. The market report provides an unbiased and detailed analysis of the ongoing market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.

Egypt Confectionery Market Synopsis

The Egypt Confectionery Market has anticipated growth over the past years. The driving factors of this growth are a rise in disposable income, a growing economy, shifting consumer preferences, entry of international brands, and government regulations. The market is expected to grow continuously at s steady rate during the forecast period. However, despite having promising growth, the market faces some hurdles which hinder its growth.

According to 6Wresearch, the Egypt Confectionery Market size is expected to grow at a significant CAGR of 3.5% during 2024-2030. One of the major drivers for this growth is the rise in disposable income among Egyptian consumers. With a steadily growing economy in the country, more consumers have higher purchasing power which has led to an increased demand for confectionery products. Another factor contributing to the growth of the confectionery market in Egypt is shifting consumer preferences. With the influence of Western culture, there has been a shift towards indulging in confectionery products such as chocolates, candies, and gums. Moreover, the international confectionery brands in the market have also played a significant role in driving growth. Consumers now have a wider variety to choose from which is attracting more sales and fueling the growth of the market.

One major challenge is the increasing health concerns among consumers. Another challenge faced by the confectionery market is the increasing competition from local brands. Furthermore, fluctuating raw material prices and changing import policies also pose challenges for the confectionery industry in Egypt.

Egypt Confectionery Industry: Leading Players

The Egyptian confectionery market is a highly competitive landscape, with numerous players vying for market share. Some of the key players in the market include Nestle S.A., Mars Inc., Ferrero S.p.A., Mondelez International Inc., Hershey Co., Perfetti Van Melle Group B.V., Parle Products Pvt. Ltd., United Confectioners OJSC, Cloetta AB, and Lotus Bakeries NV. These companies have a strong presence in the market, offering a range of products to cater to the diverse needs and preferences of consumers.

Egypt Confectionery Market: Government Regulations

One major initiative is the Made in Egypt campaign, which aims to raise awareness about the quality and diversity of Egyptian-made products, including confectionery items. Another initiative is the establishment of specialised zones for food industries, including confectionery production. These zones provide facilities such as land, utilities, and transportation services at reduced costs to attract investors and promote domestic production. Additionally, the government has also taken steps to improve the ease of doing business for confectionery producers in Egypt. Moreover, the government has also invested in research and development for the confectionery industry, collaborating with universities and research centres to improve product quality and innovation.

Future Insights of the Market

The Egypt Confectionery market is expected to witness significant growth in the coming years, driven by factors such as increasing disposable income, changing consumer preferences, and the growing tourism industry. The demand for premium and speciality confectionery products is also on the rise in Egypt, creating opportunities for both domestic and international players in the market. Furthermore, advancements in technology have led to new product innovations and improved production processes, making it easier for companies to enter the market and expand their product offerings.

Market Segmentation by Type

According to Ravi Bhandari, Research Head, 6Wresearch, the sugar segment holds the largest share in the Egypt confectionery market. This can be attributed to its wide use in traditional desserts and popular dishes such as baklava and basbousa.

Market Segmentation by Distribution Channel

In terms of distribution channels, the supermarket/hypermarket segment holds the largest share of the market. This can be attributed to the convenience and variety offered by these stores.

Key Attractiveness of the Report

• 10 Years of Market Numbers.
• Data Starting from 2020 to 2023.
• Base Year: 2023
• Forecast Data until 2030.
• Key Performance Indicators Impacting the Market.
• Major Upcoming Developments and Projects.

Key Highlights of the Report

• Egypt Confectionery Market Outlook
• Market Size of Egypt Confectionery Market, 2023
• Forecast of Egypt Confectionery Market, 2030
• Historical Data and Forecast of Egypt Confectionery Revenues & Volume for the Period 2020 - 2030
• Egypt Confectionery Market Trend Evolution
• Egypt Confectionery Market Drivers and Challenges
• Egypt Confectionery Price Trends
• Egypt Confectionery Porter's Five Forces
• Egypt Confectionery Industry Life Cycle
• Historical Data and Forecast of Egypt Confectionery Market Revenues & Volume By Type for the Period 2020 - 2030
• Historical Data and Forecast of Egypt Confectionery Market Revenues & Volume By Sugar for the Period 2020 - 2030
• Historical Data and Forecast of Egypt Confectionery Market Revenues & Volume By Chocolate for the Period 2020 - 2030
• Historical Data and Forecast of Egypt Confectionery Market Revenues & Volume By Fine Bakery Wares for the Period 2020 - 2030
• Historical Data and Forecast of Egypt Confectionery Market Revenues & Volume By Others for the Period 2020 - 2030
• Historical Data and Forecast of Egypt Confectionery Market Revenues & Volume By Distribution Channel for the Period 2020 - 2030
• Historical Data and Forecast of Egypt Confectionery Market Revenues & Volume By Supermarket/Hypermarket for the Period 2020 - 2030
• Historical Data and Forecast of Egypt Confectionery Market Revenues & Volume By Specialist Retailers for the Period 2020 - 2030
• Historical Data and Forecast of Egypt Confectionery Market Revenues & Volume By Online Retail Stores for the Period 2020 - 2030
• Historical Data and Forecast of Egypt Confectionery Market Revenues & Volume By Convenience Stores for the Period 2020 - 2030
• Historical Data and Forecast of Egypt Confectionery Market Revenues & Volume By Other Distribution Channels for the Period 2020 - 2030
• Egypt Confectionery Import Export Trade Statistics
• Market Opportunity Assessment By Type
• Market Opportunity Assessment By Distribution Channel
• Egypt Confectionery Top Companies Market Share
• Egypt Confectionery Competitive Benchmarking By Technical and Operational Parameters
• Egypt Confectionery Company Profiles
• Egypt Confectionery Key Strategic Recommendations

Markets Covered

The report provides a detailed analysis of the following market segments:

By Type

• Sugar
• Chocolate
• Fine Bakery Wares
• Others

By Distribution Channel

• Supermarket/Hypermarket
• Specialist Retailers
• Online Retail Stores
• Convenience Stores
• Other Distribution Channels

Egypt Confectionery Market (2024-2030): FAQs