Egypt Honey Market Research Report – Forecast to 2028

Egypt Honey Market Research Report: information by type (clover honey, citrus honey, cotton honey, wildflower honey, others) application (food & beverages, personal care products, pharmaceuticals, others) packaging, by regions (Egypt) – Forecast till 2028

ID: MRFR/F-B & N/4778-CR | July 2018 | Region: Rest of Middle East & Africa | 64 Pages         

Egypt Honey Market

The Egypt honey market Size a valued at over USD 33.4 million in 2028 at CAGR 8.4 % by forecast period (2021-2028 ).

Segmentation

Information by type Clover honey citrus honey cotton honey wildflower honey others
By Application food & beverages personal care products pharmaceuticals others

Key Players

  • Ahla Honey
  • Elnada Bee
  • Mudga Agriculture & Food Products suppliers
  • Imtenan
  • Mahmoud Gomaa Abd El Galil Co
  • Honey World
  • Dabur Egypt Ltd.
  • EL Rashidi EL Mizan Confectionery.

Drivers

  • Health Benefits Associated With Honey Increasing Demand For Monofloral Honey
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Market Synopsis


The market for honey in Egypt was valued at over USD 19 Mn in 2021. Egypt remains a lucrative destination for honey traders. By 2028-end, the Egypt Honey Market is set to exceed a valuation of USD 33.4 Mn, suggesting a steady growth of the market over the next couple of years. Honey continues to be a popular food item amongst Egyptians. The consumption of honey in Egypt has also increased owing to the growing level of awareness about the health benefits of the product. Moreover, honey has an extended lineage in the country, being traditionally used in various home-made remedies and wellness products. Demand for honey in the country is partly due to its extensive use in manufacturing other end products such as cosmetics, desserts, and personal care products. Honey is a natural product with zero side-effects, which makes it a highly marketable both in its raw form and as a processed item.

Report Overview


This MRFR report offers a descriptive analysis of the honey market in Egypt. It includes growth analysis of the market in recent years along with an assessment of current market trends and revenue forecast for the next five years, until 2028. Key macro and micro-economic factors that are likely to influence the honey market in Egypt during the forecast period are also discussed in the report. As a part of the research, different types of honey (clover honey, citrus honey, cotton honey, wildflower honey) that are available in Egypt are also profiled in the report along with their market valuation. Revenue assessment has been made on the basis of various application areas of the product such as food & beverages, personal care products, and pharmaceuticals. Bottle, jar, tube and tub are among the primary honey packaging solutions mentioned in the report.


Report Coverage:


Historical market trends, market dynamics, forecast, market volume and value by region as well as by segmentation, country-level analysis for each market segment, key player’s market share analysis and market factor analysis which covers Porter's five forces analysis of the market.


Players Covered


Ahla Honey, Elnada Bee , Mudga Agriculture & Food Products suppliers , Imtenan , Mahmoud Gomaa Abd El Galil Co, Honey World, Dabur Egypt Ltd., EL Rashidi EL Mizan Confectionery.


Research Methodology


Market Research Future (MRFR) commits its expertise in providing critical perspectives on industries and markets by employing meticulous and fail-safe research methods. Extensive primary and secondary research processes are exercised to identify cross-category market trends and developments. Primary data collection method includes surveys and first-hand interviews with key level executives such as CEOs, VPs, and business development managers among others. The secondary data collection method ensures the authenticity of the primary data, which involves white paper references, SEC filing, paid database and research publications available in public domain. This holistic data collection method provisions generation of highly accurate and relevant market foresight. Top-down and bottom-up approaches validate the quality of the information provided in our reports, helping clients to accelerate value creation in the market.


Other Description



  • Market Denomination- USD Million

  • Base Year- 2020

  • Forecast Period- From 2021 to 2028


For the scope of the research, MRFR’s report offers a comprehensive segmental analysis of Egypt honey market


By Type



  • Clover Honey

  • Citrus Honey

  • Cotton Honey

  • Wildflower Honey

  • Others


By Application



  • Food & Beverages

  • Personal Care Products

  • Pharmaceuticals

  • Others


By Packaging



Intended Audience



  • Honey manufacturers

  • Beekeepers

  • Food & Beverage Industry

  • Pharmaceuticals

  • Personal Care Product Industry

  • Traders, Importers & Exporters

  • E-commerce



Report Scope:

Report Attribute/Metric Details
  Market Size    USD 33.4 Million
  CAGR   8.4% (2021-2028)
  Base Year   2020
  Forecast Period   2021-2028
  Historical Data   2019
  Forecast Units    Value (USD Million)
  Report Coverage    Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
  Segments Covered   By Type, By Application, and By Region
  Geographies Covered    North America, Europe, Asia-Pacific, and Rest of the World (RoW)
  Key Vendors   Ahla Honey, Elnada Bee, Mudga Agriculture & Food Products suppliers, Imtenan, Mahmoud Gomaa Abd El Galil Co, Honey World, Dabur Egypt Ltd., EL Rashidi EL Mizan Confectionery
  Key Market Opportunities   The consumption of honey in Egypt has also increased
  Key Market Drivers   Health Benefits Associated With Honey


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Escalating demand for natural sweeteners is adding fuel to the growth of honey market


Major key players listed in the Egypt honey market include Ahla Honey, Elnada Bee, Imtenan and Dabur Egypt Ltd. The listed players account for the major share in the Egypt honey market. The established players are identified to follow certain strategies to sustain their consumer base to compete with the new players entering in the honey market.


Ahla Honey is among the renowned players in the honey market in Egypt. The company was established in 2004, and the produces honey and its derivatives across the country. The company is identified to invest heavily in its R&D sector to develop quality honey to strengthen their consumer base. Additionally, Ahla Honey have a high inclination towards product development due to which they have a strong product portfolio that seeks consumers’ attention towards their product offerings.


Imtenan is another established player listed in the Egypt honey market. The company offers a wide range of products and hence have a strong product portfolio. The company emphasizes on the production of organic products to ensure that the consumer's demand is met. The company specializes in nutritional products and are upfront towards the adoption of better processing technologies to enhance their production capacity.


Dabur Egypt Ltd. is also considered as one of the established players in the honey market. The company has a huge product portfolio and strong brand identity. Additionally company has adopted new strategies such as maximizing the growth of the core product segments and acquisitions to strengthen core areas of the product portfolio.


Other prominent players in the market include EL Rashidi EL Mizan Confectionery, Honey World, Mahmoud Gomaa Abd El Galil Co, and other players. The key players in the Egypt honey market are focusing on new product launch and on launching their products in convenience packaging to capture a large consumer base. Additionally, they are making efforts to bring in cost-effective products to market.