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.
Regional Analysis
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.
Segmentation
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.
Key Players:
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
Target Audience:
- Food & beverage industry
- Honey manufacturers
- Pharmaceuticals industry
- Personal care product manufacturers
- Retailers and wholesalers
- E-commerce companies
- Traders, importers, and exporters
Key Findings:
- 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.
Table of Contents
1 Executive Summary
2 Market Introduction
- 2.1 Definition
- 2.2 Scope of the Study
- 2.3 Assumptions
- 2.4 Market Structure
- 2.5 Key Takeaways
- 2.6 Key Buying Criteria
3 Research Methodology
- 3.1 Research Process
- 3.2 Primary Research
- 3.3 Secondary Research
- 3.4 Market Size Estimation
4 Market Dynamics
- 4.1 Introduction
- 4.2 Drivers
- 4.2.1 Health benefits associated with honey
- 4.2.2 Advancements in honey harvesting technology
- 4.2.3 Increasing demand for Monofloral honey
- 4.2.4 Drivers Impact Analysis
- 4.3 Restraints
- 4.3.1 Honeybee losses
- 4.3.2 Fluctuation in prices of honey
- 4.3.3 Restraints Impact Analysis
- 4.4 Opportunities
- 4.4.1 High inclination towards natural sweeteners
- 4.4.2 R&D investments
- 4.4.3 Innovative packaging
- 4.5 Challenges
- 4.5.1 Illegal honey laundering
5 Market Factor Analysis
- 5.1 Value Chain Analysis
- 5.2 Supply Chain Analysis
- 5.3 Porter's Five Forces Analysis
- 5.3.1 Porter's 5 Forces Analysis: Honey
- 5.3.2 Threat of New Entrants
- 5.3.3 Bargaining Power of Suppliers
- 5.3.4 Threat of Substitutes
- 5.3.5 Bargaining Power of Buyers
- 5.3.6 Intensity of Rivalry
- 5.4 Mega Trends
- 5.4.1 Trade (Import-export) Analysis
- 5.4.1.1 Honey Export Analysis
- 5.4.1.2 Honey Import Analysis
6 Egypt Honey Market, By Type
- 6.1 Overview
- 6.1.1 Clover Honey
- 6.1.2 Citrus Honey
- 6.1.3 Cotton Honey
- 6.1.4 Wildflower Honey
- 6.1.5 Others
7 Egypt Honey Market, By Application
- 7.1 Overview
- 7.1.1 Food & Beverages
- 7.1.2 Personal Care Products
- 7.1.3 Pharmaceuticals
- 7.1.4 Others
8 Egypt Honey Market, By Packaging
- 8.1 Overview
- 8.1.1 Bottle
- 8.1.2 Jar
- 8.1.3 Tube
- 8.1.4 Tub
- 8.1.5 Others
9 Egypt Honey Market, By Region
- 9.1 Introduction
- 9.2 West Egypt
- 9.3 East Egypt
10 Company Profiles
- 10.1 Ahla Honey
- 10.1.1 Company Overview
- 10.1.2 Financial Overview
- 10.1.3 Products Offerings
- 10.1.4 Key Developments
- 10.1.5 Key Strategy
- 10.2 Elnada Bee
- 10.2.1 Company Overview
- 10.2.2 Financial Overview
- 10.2.3 Products Offerings
- 10.2.4 Key Developments
- 10.2.5 Key Strategy
- 10.3 Mudga Agriculture & Food Products suppliers
- 10.3.1 Company Overview
- 10.3.2 Financial Overview
- 10.3.3 Products Offerings
- 10.3.4 Key Developments
- 10.3.5 SWOT Analysis
- 10.3.6 Key Strategy
- 10.4 Imtenan
- 10.4.1 Company Overview
- 10.4.2 Financial Overview
- 10.4.3 Products Offerings
- 10.4.4 Key Developments
- 10.4.5 SWOT Analysis
- 10.4.6 Key Strategy
- 10.5 Mahmoud Gomaa Abd El Galil Co
- 10.5.1 Company Overview
- 10.5.2 Products Offerings
- 10.5.3 Financial Overview
- 10.5.4 Key Strategy
- 10.6 Honey World
- 10.6.1 Company Overview
- 10.6.2 Financial Overview
- 10.6.3 Products Offerings
- 10.6.4 Key Strategy
- 10.7 Dabur Egypt Ltd.
- 10.7.1 Company Overview
- 10.7.2 Financial Overview
- 10.7.3 Products Offerings
- 10.7.4 Key Strategy
- 10.8 EL Rashidi EL Mizan Confectionery
- 10.8.1 Company Overview
- 10.8.2 Financial Overview
- 10.8.3 Products Offerings
- 10.8.4 Key Strategy
11 Conclusion
- 11.1 Key Findings
- 11.1.1 CEO's Viewpoint
- 11.1.2 Key Companies to Watch
- 11.1.3 Prediction
