Egypt Herbs & Spices Market research report — by type (Herbs and Spices) Packaging materials (Plastic, Paper, and others) Distribution Channel (Store based, and Non-store based) - Forecast till 2027
New York, United States - January 20, 2022 /MarketersMedia/ —
The Egypt herbs and spices market is expected to exhibit a steady CAGR of 3.27% over the forecast period from 2018 to 2023, according to the latest research report from Market Research Future (MRFR).
Competitive Analysis:
Leading players in the Egypt herbs and spices market include Berlik Spices, United for Herbs and Spices, Green Valley Herbs, Valley Herbs, Herbs Egypt, International Aromatics S.A.E., Al Sharq Spices, and Aljawhara Herbs & Spices.
Segmentation:
The Egypt herbs and spices market is segmented on the basis of type, packaging material, distribution channel, and region.
By type, the Egypt herbs and spices market is segmented into herbs and spices. The spices segment holds a larger share and is expected to exhibit a steady 3.27% CAGR over the forecast period. The spices segment is majorly driven by the growing demand from the food and beverage industry in Egypt, which has led to a growing demand for spices of various kinds. On the other hand, the herbs segment is expected to exhibit a higher CAGR over the forecast period and grow steadily due to the growing inclusion of herbs in cosmetic products in Egypt. The increasing demand for Mediterranean food, which uses herbs in large volumes, in Egypt is also likely to be a major driver for the herbs and spices market in Egypt over the forecast period.
By packaging material, the Egypt herbs and spices market is segmented into paper, plastic, and others. Plastics held the dominant share in the Egypt market in 2017, accounting for 58.35% of the overall market. The paper segment is also expected to exhibit steady growth in the coming years, as, apart from moisture resistance, paper presents many of the key attributes required to store and transport spices and herbs.
By distribution channel, the Egypt herbs and spices market is segmented into store-based and non-store-based. Store-based distribution is likely to dominate the Egypt herbs and spices market over the forecast period.
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Regional Analysis:
The Egypt herbs and spices market is segmented into North Africa and Southwest Asia. The presence of strong urban centers in the North Africa region is likely to drive the demand for herbs and spices in the North Africa region of Egypt over the forecast period. The North Africa region of Egypt holds urban centers such as Cairo and Alexandria, leading to a growing demand for cosmetics as well as food and beverages in this region. The increasing demand for herbs and spices from the cosmetics industry is likely to be a major driver for the Egypt herbs and spices market over the forecast period. the growing demand for personal care products in urban centers in Egypt is likely to be a major driver for the cosmetics industry in the region. Herbs as well as certain spices are widely used in cosmetic products and are thus likely to exhibit an increase in demand over the forecast period. The increasing awareness regarding personal appearance and cleanliness is likely to drive the cosmetics sector in Egypt over the forecast period, leading to a growing demand from the herbs and spices market in the country. Increasing awareness about American cosmetic products and the increasing efforts from multinational cosmetics industry players to incorporate local flavors and products into the cosmetic products sold in Egypt are also likely to be a major driver for the Egypt herbs and spices market over the forecast period.
The growing food and beverage industry in Egypt is also likely to remain a major driver for the Egypt herbs and spices market over the forecast period. The food and beverage industry makes use of herbs and spices liberally and in a wide range of products. This is likely to drive the Egypt herbs and spices market over the forecast period. The increasing demand for ethnically Egyptian food in Egypt is likely to drive the Egypt herbs and spices market over the forecast period, as local herbs and spices are likely to be consumed in increasing volumes for the production of the same. The growing popularity of traditional food in Egypt with a twist of taste with Western ingredients or herbs and spices is likely to be a major driver for the Egypt herbs and spices market over the forecast period.
The Southwest Asia region is expected to exhibit a higher CAGR over the forecast period, exhibiting a robust 3.87% over the forecast period. The growing demand for food and beverages in the Southwest Asia sector of Egypt is likely to remain a major driver for the Egypt herbs and spices market over the forecast period.
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