Product Code: ETC218692 | Publication Date: Aug 2022 | Updated Date: Nov 2024 | Product Type: Market Research Report | |
Publisher: 6Wresearch | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 | |
Egypt Soups market currently, in 2023, has witnessed an HHI of 4589, Which has increased slightly as compared to the HHI of 3154 in 2017. The market is moving towards concentrated. Herfindahl index measures the competitiveness of exporting countries. The range lies from 0 to 10000, where a lower index number represents a larger number of players or exporting countries in the market while a large index number means fewer numbers of players or countries exporting in the market.
The soups market in Egypt is growing steadily, driven by increasing demand for convenient, ready-to-eat food options that require minimal preparation time. With busy lifestyles becoming more common, consumers are increasingly opting for canned, frozen, or packaged soups. There is also a shift toward healthier soup varieties, such as low-sodium and organic options, reflecting the broader trend of health-conscious eating. Local and international brands are vying for market share by offering a variety of flavors, including traditional Egyptian dishes, to appeal to the diverse tastes of the population.
The Soups Market in Egypt is driven by changing consumer preferences toward convenient, ready-to-eat, and nutritious food options. Busy lifestyles and increasing urbanization are leading to greater demand for easy-to-prepare meals. Additionally, the growing trend of health-conscious eating is influencing the consumption of soups, particularly those with low-fat, low-sodium, and organic ingredients. The Egyptian market is also experiencing an influx of international brands, introducing diverse soup flavors and variations, which cater to local and regional tastes, further expanding the market.
The Egypt Soups Market faces several obstacles, including competition from other ready-to-eat food categories that are perceived as more flavorful or fresher. Changing consumer preferences in Egypt are leaning towards fresh and natural foods, reducing interest in canned or packaged soups. Additionally, shelf-life limitations and storage requirements present logistical challenges, especially for distribution to remote areas. Rising ingredient costs, particularly for high-quality or organic ingredients, create challenges for manufacturers who must balance quality with affordability. Distribution challenges are also notable, as logistical difficulties can restrict soup availability in rural markets.
The Egypt Soups market is shaped by government regulations that focus on food safety, health standards, and the promotion of local agricultural products. The government enforces standards to ensure that soup products meet the required nutritional and safety criteria, which is particularly important for pre-packaged and processed soups. Additionally, Egypts agricultural policies, which support the local production of ingredients such as vegetables and legumes, impact the supply chain for soup manufacturers. Furthermore, government initiatives to promote healthy eating and balanced diets contribute to the demand for soups, particularly those made with nutritious ingredients.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Egypt Soups Market Overview |
3.1 Egypt Country Macro Economic Indicators |
3.2 Egypt Soups Market Revenues & Volume, 2021 & 2028F |
3.3 Egypt Soups Market - Industry Life Cycle |
3.4 Egypt Soups Market - Porter's Five Forces |
3.5 Egypt Soups Market Revenues & Volume Share, By Type, 2021 & 2028F |
3.6 Egypt Soups Market Revenues & Volume Share, By Distribution Channel, 2021 & 2028F |
4 Egypt Soups Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Egypt Soups Market Trends |
6 Egypt Soups Market, By Types |
6.1 Egypt Soups Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Egypt Soups Market Revenues & Volume, By Type, 2018 - 2028F |
6.1.3 Egypt Soups Market Revenues & Volume, By Dry, 2018 - 2028F |
6.1.4 Egypt Soups Market Revenues & Volume, By Wet, 2018 - 2028F |
6.1.5 Egypt Soups Market Revenues & Volume, By Others, 2018 - 2028F |
6.2 Egypt Soups Market, By Distribution Channel |
6.2.1 Overview and Analysis |
6.2.2 Egypt Soups Market Revenues & Volume, By Supermarkets & Hypermarkets, 2018 - 2028F |
6.2.3 Egypt Soups Market Revenues & Volume, By Convenience Stores, 2018 - 2028F |
6.2.4 Egypt Soups Market Revenues & Volume, By Others, 2018 - 2028F |
7 Egypt Soups Market Import-Export Trade Statistics |
7.1 Egypt Soups Market Export to Major Countries |
7.2 Egypt Soups Market Imports from Major Countries |
8 Egypt Soups Market Key Performance Indicators |
9 Egypt Soups Market - Opportunity Assessment |
9.1 Egypt Soups Market Opportunity Assessment, By Type, 2021 & 2028F |
9.2 Egypt Soups Market Opportunity Assessment, By Distribution Channel, 2021 & 2028F |
10 Egypt Soups Market - Competitive Landscape |
10.1 Egypt Soups Market Revenue Share, By Companies, 2021 |
10.2 Egypt Soups Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |