Market Overview:
In 2021, the Egyptian honey industry was estimated to be worth about USD 19 Mn. Honey merchants may still make a tidy profit in Egypt. The Egypt Honey Market is projected to be worth more than USD 33.4 Mn by the end of 2028, pointing to the market's continued expansion in the coming years. In modern times, Egyptians still consume a lot of honey. The rising degree of knowledge about the product's health advantages has also contributed to a rise in honey consumption in Egypt. In addition, honey has a long history of usage in the country's traditional medicine and health care. Honey's high demand in the country stems, in part, from its widespread incorporation into a wide variety of other goods. Honey is very desirable both in its natural state and after being processed since it has no negative effects and hence a wide range of potential buyers.
Regional analysis:
Western and eastern Egypt both have their distinct honey market. Forecasts from 2018–2023 indicate that Western Egypt will continue to lead the country. At a CAGR of 50.21 percent, the regional market is projected to be worth $234 million by 2024. In 2018, experts predict that Western Egypt will hold an 8841 percent market share. During the outlook period, Eastern Egypt is also expected to expand significantly. Segmentation Clover honey, citrus honey, cotton honey, wildflower honey, and others make up subsets of Egypt's honey market Research.
Market segmentation:
The honey market Report is segmented into types of honey and where it is obtained from honey from clover, honey from citrus, honey from cotton, honey from wildflowers, Others
Uses and application: Food Beverage, Health Personal Care, Medicine. Others
Packaged Goods: Bottle, Jar, Tube, Tub Others
Honey producers, beekeepers, the food and beverage sector, pharma, the personal care product sector, traders, importers, exporters, and the e-commerce sector are the target demographics.
Key players:
Key Honey Market Players World, Dabur Egypt Ltd., EL Rashidi EL Mizan Confectionery, Imtenan, Mahmoud Gomaa Abd El Galil Co., Ahla Honey, Elnada Bee, and Mudga Agriculture Food Products providers are also represented.
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