Egypt Sugar Market - Forecasts from 2024 to 2029

Egypt Sugar Market - Forecasts from 2024 to 2029

The Egyptian sugar market is anticipated to expand at a CAGR of 2.74% over the forecast period, from US$5.088 billion in 2024 to a total market value of US$5.823 billion in 2029.

Various soluble carbohydrates containing sweet flavor are utilized in food and are referred to as sugar. Sugar has applications in both food and non-food industries. It has various crucial applications in the food sector, along with giving it a sweet taste. It acts as a preserver and prevents the growth of microbes like bacteria. In Egypt, sugar is typically produced through sugarcane or sugar beets, as these crops can be easily cultivated. Additionally, the expansion of the country’s food and beverage industry and the region's large population will positively influence the market growth. However, the younger population is changing their preference for low-calorie sugar or artificial sweeteners, which could limit the market expansion in the country.

EGYPT SUGAR MARKET DRIVERS:

Increasing population and urbanization are expected to propel the sugar market in Egypt.

The region's rising population is one of the major factors influencing the increase in sugar demand since, with the rapid rise in population, the demand for sugar-related products increases. As per the World Population Review, Egypt's population was 111 million in 2022, which rose to 114.5 million as of 2024 and is expected to progressively rise to 134.2 million by 2035, which will promote market growth.

Moreover, the rise in urbanization in Egypt will also contribute to higher sugar content intake as there is a notable shift in their daily life dietary habits, and they will prefer more processed and on-the-go food items. The World Bank data of the urban population in the country was 46.8 million in 2021, which increased to 48.6 million in 2023. This rising Egyptian population living in urban areas will directly contribute to a consistent increase in processed food and beverages, resulting in higher consumption of sugar in the coming years.
The increasing requirement in the food industry is anticipated to boost the sugar market in Egypt.

Increasing numbers of consumers prefer more sugar-added food products with the influence of Western eating habits and busy lifestyles. This is predicted to contribute to the rise of sugar demand by the food industry, leading to the market's expansion in the country due to the large population consuming food and beverages containing added sugar. According to World Population Review data, in Egypt, the annual per capita consumption of sugars and sweeteners was 22.17 kg per capita in 2022, with the country's total consumption recorded at 2,460 thousand tons in 2022.

In addition, consumers these days prefer brown sugar to white sugar, which will increase the requirement for brown sugar and propel the market's expansion. Key companies are also increasing their investment in product innovation and new product launches, which will contribute to the market's expansion even further in the country.

EGYPT SUGAR MARKET RESTRAINT:

Rising dependency on sugar imports and economic instability could hinder the sugar market in Egypt.

The country depends largely on the import of sugar to fulfill domestic requirements, which could lead to Egypt's sugar market being at risk of global sugar cost fluctuation. This could potentially cause supply chain disruption and instability in the regional market. Moreover, the inflammation and currency devaluation in the country could negatively influence consumers' buying power and the profitability of sugar manufacturers which could affect the investment in the sugar market by companies.

Egypt Sugar Market Players and Products:

Coconut palm sugar - Thai Roong Ruang Sugar Group produces coconut palm sugar of the highest caliber. Natural nutrition has been kept because it is produced from all-natural ingredients and does not utilize chemical coloring or bleaching. The delicate, refined grain of the coconut palm sugar allows it to melt quickly and preserve a delicious caramel aroma. Since it is an organic substance, the color can differ from light brown to dark brown. Coconut palm sugar is a delicious sweetener that can be utilized in both savory and sweet dishes. It is available in 650-gram canisters of diverse packing sizes with 12 containers in each pack.
Candy sugar - Natural & Party Rock Sugar is a unique, colorful experience that will improve the sweetness and presentation of your favorite menu items. They are ideal for ice cream, cakes, and nibbles, which make for decoration. The company provided diverse flavors of the preferred beverages, dishes, and desserts displayed in their product portfolio. With the most prominent guidelines for cleanliness and nutrient value conservation, their premium-grade sugar is made utilizing the finest strain of cane and natural crystallization methods. For cakes and ice cream, it offers colorful, eye-catching garnishes and can be used for iced or warm beverages such as tea, coffee, cocktails, and herbal drinks. It is provided in 350 g pack bundle sizes (350 g x 12 bags/carton).

The Egyptian Sugar Market Segmentation:

The Egyptian Sugar market is segmented and analyzed as below:

By Form

Sugar Cubes
Granulated Sugar
Powdered Sugar
Sugar Syrup

By Source

Cane Sugar
Beet Sugar

By Use

Food and Beverage
Pharmaceuticals

By Distribution Channel

Online
Offline