Egypt Agriculture Market
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Market Size (2024) | USD 5.20 Billion |
| Market Size (2029) | USD 6.09 Billion |
| CAGR (2024 - 2029) | 3.20 % |
Egypt Agriculture Market Analysis
The Agriculture In Egypt Market size is estimated at USD 5.20 billion in 2024, and is expected to reach USD 6.09 billion by 2029, growing at a CAGR of 3.20% during the forecast period (2024-2029).
- Egypt is an agriculture-dependent economy, and the agriculture sector plays an important role in the nation鈥檚 food security. The GDP of agriculture has been increasing over the years due to an increase in agriculture acreage and production. According to the Ministry of Planning and Economic Development, the agriculture sector represents a fundamental pillar in Egypt鈥檚 national economy by contributing about 15% to the GDP, absorbing more than 25% of the country鈥檚 workforce, and maximizing foreign cash reserves through increasing agricultural exports.
- Further, with the implementation of various business models, the country aims to fulfill the quality requirements of the product and seize profitable sales opportunities in domestic and export markets. Some major crops grown in Egypt include sugar beet, wheat, maize, rice, tomato, potato, onion, orange, grapes, and dates. Sugarcane is also among the prominent crops produced in the country, with a production quantity of 15,976.8 thousand metric tons in 2022, according to the Food and Agriculture Organization (FAO).
- Moreover, an increasing number of projects to ensure food security, government initiatives to boost domestic production, and a focus on sustainable and green farming are the factors driving the market. For instance, in July 2022, the African Development Bank granted USD 271 million to Egypt to support the country鈥檚 Food Security and Resilience Program. Under the program, the farmers will have more access to subsidized fertilizers to be more incentivized to grow wheat. Along with this, the program aims to boost agricultural productivity and increase fertilizer usage.
Egypt Agriculture Market Trends
The Cereals Sub-segment holds a Significant Share in the Crop Type Segment
The consumption of cereals in the country has increased considerably over the past years with the rising importance of their high nutritional value in consumers' diets and their numerous applications in the food and processing industries in the country. The improved standard of living of consumers, fueled by the increased disposable income, has led to rising health awareness among consumers in urban areas of the country. The increased occurrence of lifestyle-related diseases has further influenced the cereals consumption demand for cereals.
Moreover, the favorable growing conditions have increased the production of cereals in the country. For instance, according to FAOSTAT, Egypt鈥檚 total cereal production in 2021 was 23.1 million metric tons, which increased to 23.9 million metric tons in 2022. This increase in production further supports consumption by increasing the availability of cereals throughout the year.
Furthermore, the demand for cereals, such as maize and wheat, in the animal feed sector is anticipated to grow due to its easy availability in the country. This is anticipated to support the consumption of cereals by the animal feed sector in Egypt. In addition, initiatives are taken in the country that are anticipated to support the cereals industry. For instance, in May 2022, Egyptian researchers developed GM wheat with resistance to salinity and water scarcity.
The Export Market is Expanding in Egypt
Agriculture products such as grains constitute a major portion of the world鈥檚 food demand and are expected to remain so till 2050. This is attributed to the increasing demand for cereals for food and feed. The per capita consumption of cereals is anticipated to increase faster compared to the previous decade as the per capita use of maize, rice, and other coarse grains increases. The global demand for food is expected to increase by 70%, driven by rapid population growth, rising incomes, urbanization, and changing food habits.
With the increasing demand for protein meals, the rising demand for animal feed, and the increasing demand from the biofuel sector, the demand for oilseeds has increased significantly in recent years. The demand for protein meals has been recorded to be high in the country due to the increasing meat consumption.
According to the Minister of Agriculture and Land Reclamation, Egypt鈥檚 agricultural exports reached USD 1.5 billion during the first quarter of 2024, with a USD 300 million increase compared to last year. Moreover, Egypt鈥檚 agricultural exports exceeded 2.2 million metric tons despite global and regional supply-chain challenges.
Egypt currently exports more than 400 agricultural commodities to 160 countries. In 2023, exports of Egypt鈥檚 fresh and processed agricultural products amounted to about USD 9 billion, according to the Minister of Agriculture and Land Reclamation. As per the ITC Trade Map, the total maize, rice, and dates exported from Egypt in 2022 were 3,310, 14,319, and 18,307 metric tons, respectively.
Egypt Agriculture Market News
May 2024: The Government of Egypt began the first phase of a sprawling agricultural development project, aiming to improve Egypt's food security and reduce its reliance on imports.
June 2022: The World Bank's Board of Executive Directors granted a USD 500 million loan to Egypt to support efforts to ensure that poor and vulnerable households have continuous access to bread, increase Egypt's resilience to food crises, and promote food security policy reforms.
Egypt Agriculture Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Assumptions and Market Definition
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.2.1 Expanding Export Market
4.2.2 Increased Focus on Sustainable and Green Farming
4.2.3 Increasing Government Initiatives
4.3 Market Restraints
4.3.1 Lack of Efficient Irrigation Facilities
4.3.2 High Cost of Entry in the Market
5. MARKET SEGMENTATION
5.1 Crop Type (Production Analysis by Volume, Consumption Analysis by Volume and Value, Import Analysis by Volume and Value, Export Analysis by Volume and Value, and Price Trend Analysis)
5.1.1 Cereals
5.1.2 Cash Crops
5.1.3 Vegetables
5.1.4 Fruits
6. INTERNATIONAL TRADE AND PRICE TREND ANALYSIS
6.1 Wheat
6.2 Maize
6.3 Rice and Paddy
6.4 Sugarcane
6.5 Sugar beet
6.6 Cotton
6.7 Tomatoes
6.8 Potatoes
6.9 Onion
6.10 Orange
6.11 Grapes
6.12 Dates
6.13 Watermelon
7. REGIONAL ANALYSIS
7.1 PESTLE Analysis
7.2 Supply/Value Chain Analysis
7.3 Government Policies
8. COMPETITION ANALYSIS
8.1 Distribution Network and Retail Analysis
8.2 List/Profile of Key Players
9. MARKET OPPORTUNITIES AND FUTURE TRENDS
Egypt Agriculture Industry Segmentation
Agriculture in Egypt involves the production of various food crops, such as fruits and vegetable crops. The report defines agricultural products in terms of the end users. The market for agriculture in Egypt is segmented by crop type (cereals, cash crops, vegetables, and fruits). The report includes production (volume), consumption (volume and value), import (volume and value), export (volume and value), and price trend analysis. The report offers market size and forecasts in terms of value (USD) and volume (metric tons) for all the above segments.
| Crop Type (Production Analysis by Volume, Consumption Analysis by Volume and Value, Import Analysis by Volume and Value, Export Analysis by Volume and Value, and Price Trend Analysis) | |
| Cereals | |
| Cash Crops | |
| Vegetables | |
| Fruits |
Egypt Agriculture Market Research FAQs
How big is the Agriculture In Egypt Market?
The Agriculture In Egypt Market size is expected to reach USD 5.20 billion in 2024 and grow at a CAGR of 3.20% to reach USD 6.09 billion by 2029.
What is the current Agriculture In Egypt Market size?
In 2024, the Agriculture In Egypt Market size is expected to reach USD 5.20 billion.
What years does this Agriculture In Egypt Market cover, and what was the market size in 2023?
In 2023, the Agriculture In Egypt Market size was estimated at USD 5.03 billion. The report covers the Agriculture In Egypt Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Agriculture In Egypt Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Agriculture in Egypt Industry Report
The Agriculture Sector Analysis in Egypt report provides a comprehensive overview of the market, segmented by crop type, including cereals, cash crops, vegetables, and fruits. The report includes detailed industry statistics and industry information, offering insights into production, consumption, import, export, and price trends.
This market report is essential for understanding the market size and market value, with forecasts and historical data presented in terms of volume and value. The growth rate of the agriculture sector is analyzed, providing an industry outlook and highlighting industry trends.
The report pdf is available for download, offering a thorough industry analysis and industry research. It also includes market data and market forecast, essential for evaluating market growth and market predictions.
The industry reports cover the market segmentation and market review, providing a detailed market overview and market outlook. The report also identifies market leaders and includes a report example for reference.
Research companies can benefit from the annual report, which includes market structure and industry growth analysis. The report is a valuable resource for understanding the industry size, industry sales, and industry worth, providing a complete industry profile and industry forecast.
Overall, the Agriculture Sector Analysis in Egypt offers a detailed market analysis, with a focus on market trends and market segmentation, making it an invaluable tool for industry professionals.
