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Lu - vi, 9:30 - 17:00 h (CET)
Lu - vi, 9:00 - 18:00 h (EST)
Lu - vi, 9:00 - 17:00 h (SGT)
Lu - vi, 10:00 - 18:00 h (JST)
Lu - vi, 9:30 - 17:00 h (GMT)
Lu - vi, 9:00am-6:00pm (EST)
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The Vegetables Market in Egypt is experiencing subdued growth, influenced by factors such as fluctuating agricultural yields, changing consumer preferences towards healthier options, and the rising demand for processed and frozen vegetables amid busy lifestyles.
Customer preferences: Consumers in Egypt are increasingly gravitating towards fresh and organic vegetables, driven by a growing awareness of health and nutrition. This shift is particularly evident among younger demographics, who prioritize sustainability and clean eating. Additionally, the rise of urbanization and busy lifestyles is propelling the demand for convenient, ready-to-cook vegetable options. Supermarkets and online grocery platforms are adapting to these trends by offering pre-packaged, healthy vegetable assortments, catering to the evolving preferences of health-conscious consumers.
Trends in the market: In Egypt, the Vegetables Market is experiencing a surge in demand for fresh and organic produce, reflecting an increased consumer focus on health and wellness. This trend is particularly pronounced among younger generations who are keen on sustainable and clean eating practices. Furthermore, urbanization is driving the popularity of convenient, ready-to-cook vegetable options, aligning with the fast-paced lifestyles of city dwellers. Industry stakeholders, including supermarkets and online grocery platforms, are responding by enhancing their offerings of pre-packaged, healthy vegetable assortments, which cater to the evolving preferences of health-conscious consumers and signify a shift towards a more health-oriented food culture.
Local special circumstances: In Egypt, the Vegetables Market is influenced by its fertile Nile Delta region, which supports diverse agricultural production, ensuring a steady supply of fresh vegetables. Cultural practices emphasize the importance of fresh ingredients in traditional dishes, driving demand for local produce. Additionally, government regulations promoting organic farming and sustainable agricultural practices are gaining traction, further enhancing the market's appeal. The rise of farmers' markets and community-supported agriculture initiatives reflects a growing consumer preference for locally sourced vegetables, contributing to a vibrant food culture that prioritizes health and sustainability.
Underlying macroeconomic factors: The Vegetables Market in Egypt is influenced by macroeconomic factors such as agricultural policies, inflation rates, and global trade dynamics. The country's focus on enhancing agricultural productivity through government support and investments in infrastructure is crucial for sustaining vegetable supply. Fluctuating inflation rates affect consumer purchasing power and can alter demand for fresh produce. Additionally, global economic trends, including import/export tariffs and international commodity prices, significantly impact market performance. As Egypt integrates more into global supply chains, shifts in foreign investment and trade agreements will further shape the landscape of the local vegetable market.
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.Lu - vi, 9:30 - 17:00 h (CET)
Lu - vi, 9:00 - 18:00 h (EST)
Lu - vi, 9:00 - 17:00 h (SGT)
Lu - vi, 10:00 - 18:00 h (JST)
Lu - vi, 9:30 - 17:00 h (GMT)
Lu - vi, 9:00am-6:00pm (EST)