Egypt Honey Market Outlook
Egypt Honey Market is set to exceed a valuation of USD 33.4 Mn, suggesting a steady growth of the market over the next couple of years. Honey continues to be a popular food item amongst Egyptians. The consumption of honey in Egypt has also increased owing to the growing level of awareness about the health benefits of the product. Moreover, honey has an extended lineage in the country, being traditionally used in various home-made remedies and wellness products. Demand for honey in the country is partly due to its extensive use in manufacturing other end products such as cosmetics, desserts, and personal care products. Honey is a natural product with zero side-effects, which makes it highly marketable both in its raw form and as a processed item. Egypt Honey Market Size was valued at USD 0.019 Billion in 2022. The Egypt Honey market industry is projected to grow from USD 0.020 Billion in 2023 to USD 0.037 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 8.00% during the forecast period (2023–2032). Increased awareness about the health benefits of honey and the rising demand for honey throughout the world are the key market drivers enhancing market growth.
The driver of the market is the use of convenient and flexible packaging by manufacturers to attract consumers to their diverse product range. Flexible packaging, including microwave nozzles, tubes, and bags, makes it easier and easier to use and dispose of products. In addition, improving the profitability of honey-based products in Egypt will significantly stimulate market growth over the forecast period.
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Honey consumption in Egypt Honey Market Size has increased due to the growing awareness of the health benefits of the product. In addition, honey has a long origin in the country and is traditionally used in various home remedies and wellness products. The country’s demand for dried honey is partly due to its intensive use in the manufacture of other end products such as desserts, cosmetics, and toiletries. Honey is a natural product with no side effects, making it a highly marketable product in both raw and processed form.
Major Players
The honey market in Egypt is driven by various leading players with their diverse product offerings. Some of these players include Imtenan, EL Rashidi El Mizan Confectionery, Honey World, Ahla Honey, Mudga Agriculture & Food Products suppliers, Dabur Egypt Ltd, Mahmoud Gomaa Abd El Galil Co, Ahla Honey, and Elnada Bee.
Recent Updates
At the 46th World Beekeeping Awards (WBA) held in Canada, Cypriot honey Tziverti was honored with the first prize. The thyme honey Tziverti represented Cyprus and was awarded a gold medal this year’s Palais des Congrès in Montreal.
Market Segmentation
The Egyptian honey market overview’s is segmented by type, application, and packaging.
Based on type, the Key Egypt Honey Market Players is classified into clover honey, citrus honey, cotton honey, wildflower honey, and so on. Of these, the clover segment has a 44.58% market share in value and is expected to achieve significant growth in the compound annual growth rate over the forecast period due to the strong presence of farms clover in the area.
The market is segmented by application in the food and beverage, personal care, pharmaceutical, and other industries. The food and beverage sector is a leading segment, with over 50% of the total market share. At the same time, the personal care product segment is expected to experience exceptional growth (CAGR) due to the demand for personal care products containing honey as an active ingredient due to the widespread use of honey in home remedies in the region.
By packaging, the Egyptian honey market trends is bifurcated into the bottle, tubes, jars, barrels, and others. The cylinder segment is the most important segment and is expected to have a CAGR of 5.38% over the forecast period.
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