Processed Meat - Egypt

Egypt

Revenue in the Processed Meat market amounts to €7.94bn in 2024. The market is expected to grow annually by 6.68% (CAGR 2024-2029).
In global comparison, most revenue is generated in the United States (€39bn in 2024).
In relation to total population figures, per person revenues of €68.11 are generated in 2024.
In the Processed Meat market, volume is expected to amount to 0.99bn kg by 2029. The Processed Meat market is expected to show a volume growth of 0.3% in 2025.
The average volume per person in the Processed Meat market is expected to amount to 8.4kg in 2024.

Key regions: India, China, United Kingdom, Spain, South Korea

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Analyst Opinion

In Egypt's Processed Meat Market, minimal growth can be attributed to factors such as changing consumer preferences and increased health consciousness. Online shopping and convenience are also driving the growth, as well as the rising awareness of food safety and quality. However, the market is facing challenges due to the sub-markets of Ham & Bacon, Sausages, and Cold & Roast Meat Products, which have different growth rates and competition levels. The market is expected to continue growing, but at a slower pace, influenced by various factors such as economic conditions, cultural traditions, and government regulations.

Customer preferences: As the demand for convenience and quick meal options continues to rise among busy consumers in Egypt, the processed meat market is experiencing a shift towards healthier and more sustainable alternatives. This trend is driven by the increasing awareness of the negative health effects of processed meat and the growing preference for plant-based protein sources. Additionally, the rise of ethical and environmental concerns is also influencing consumer choices, leading to a surge in demand for sustainable and ethically-sourced processed meat products.

Trends in the market: In Egypt, the Processed Meat Market within the Meat Market of The Food market is experiencing a shift towards healthier options. Consumers are becoming more health-conscious and are opting for leaner and organic processed meat products. This trend is expected to continue, driven by the increasing awareness of the negative health effects of consuming processed meat. Industry stakeholders are responding by introducing new product lines and promoting healthier options. This trend is likely to have a significant impact on the market, potentially leading to increased competition and the growth of the organic processed meat segment.

Local special circumstances: In Egypt, the Processed Meat market is heavily influenced by cultural preferences for halal options and regulatory requirements for meat imports. This has led to the popularity of locally produced processed meat products, as well as the development of specialized processing techniques to meet halal standards. Additionally, the country's strategic location as a trade hub in the region has made it a key player in the export of processed meat products to neighboring countries, further driving the growth of the market.

Underlying macroeconomic factors: The processed meat market in Egypt is heavily influenced by macroeconomic factors such as global economic trends, national economic health, and fiscal policies. As one of the largest importers of processed meat, Egypt's market is greatly affected by fluctuations in global trade and economic stability. Additionally, the country's own economic health, which is heavily reliant on agriculture and tourism, can impact consumer spending and demand for processed meat products. Fiscal policies, such as taxes and subsidies, can also impact the cost of production and ultimately the pricing and competitiveness of processed meat in the country. These factors must be carefully considered in order to understand and predict the performance of the processed meat market in Egypt.

Methodology

Data coverage:

The data encompasses B2C enterprises. Figures are based on the total consumer spending on food, which comprises all private household spending on food that is meant for at-home consumption (out-of-home consumption is not accounted for).

Modeling approach:

Market sizes are determined through a top-down approach, building on specific predefined factors for each market segment. As a basis for evaluating markets, we use resources from the Statista platform as well as in-house market research, national statistical offices, international institutions, trade associations, companies, the trade press, and the experience of our analysts. In addition, we use relevant key market indicators and data from country-specific associations, such as GDP, consumer spending, and consumer price index. This data helps us estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the relevant market. For example, the exponential trend smoothing is well suited for forecasting the Food market with a projected steady growth. The main drivers are GDP per capita and consumer spending per capita.

Additional notes:

The data is modeled using current exchange rates. The impact of the COVID-19 pandemic and the Russia-Ukraine war are considered at a country-specific level. The market is updated twice a year.