In the coming years, the Egyptian honey market is expected to grow at a significant pace. Honey acts as an antioxidant and provides relief from a cough and is, therefore, used as a natural remedy for mild allergies. It is also applicable in the cosmetics industry for its skin nourishing properties. Moreover, innovations in processing technology to increase the production of honey are expected to drive product demand in various industries.
As consumers are becoming more health conscious, the demand for natural sweeteners is increasing, leading to lucrative growth opportunities for market players in the food & beverage industry. Moreover, the demand for monofloral honey is increasing in Egypt due to its distinctive flavor. Manufacturers are investing heavily in R&D to create innovative flavors such as jamun, neem, lychee, sunflower, coffee, tulsi, ginger, garlic, and forest honey which is driving factor market growth. Innovative packaging also plays a vital role in increasing sales.
The Egyptian honey market has been segmented into Western Egypt and Eastern Egypt. The Western Egypt segment is expected to remain dominant during the forecast period of 2018 to 2023. The regional market is estimated to reach USD 23.4 million at a CAGR of 5.21%. Western Egypt is expected to account for the larger market share of 88.41% in 2018. The Eastern Egypt segment is also projected to witness substantial growth during the forecast period.
The Egyptian honey market has been segmented, by type, into clover honey, citrus honey, cotton honey, wildflower honey, and others.
By application, the Egyptian honey market has been divided into food & beverage, personal care products, pharmaceuticals, and others.
By packaging, the Egyptian honey market has been classified as bottles, jars, tubes, tubs, and others.
The leading players in the Egyptian honey market are Ahla Honey, Elnada Bee, Mudga Agriculture & Food Products Suppliers, Imtenan, Mahmoud Gomaa Abd El Galil Co., Honey World, Dabur Egypt Ltd, and EL Rashidi EL Mizan Confectionery
• Food & beverage industry
• Honey manufacturers
• Pharmaceuticals industry
• Personal care product manufacturers
• Retailers and wholesalers
• E-commerce companies
• Traders, importers, and exporters
• The Egyptian honey market is projected to reach USD 26.4 million by the end of 2023 at a CAGR of 5.10%.
• The clover honey segment is expected to register the highest CAGR of 5.55% during the forecast period.
• The personal care products application segment is projected to exhibit a CAGR of 5.61% during the forecast period.
• The bottles segment is projected to be the fastest-growing packaging market during the review period.
Egyptian Honey Market—Forecast till 2023:
As per MRFR analysis, the Egyptian honey market is projected to reach USD 26.4 million by the end of 2023 at a CAGR of 5.10% during the forecast period.