Egypt is among the largest economies in the Africa region. The country has been growing at a significant GDP rate since last decade due to high effort from the government to boost industrialization. Manufacturing sector of the country has recorded significant growth in last few years due to growing local demand and exports prospects. Global companies are highly interested to expand their operation across Africa continent due to huge consumer base and low-cost of production, which will result in rapid expansion of manufacturing industry in the region. The protein industry in Egypt is still in initial phase of development. However, growing global trend of protein consumption has resulted in steadily rising market of protein in Egypt. The industry of plant protein is not much developed. Only widely popular protein types such as soy protein, pea protein, rice protein, etc. are used heavily across various industry segments.
Egypt captures around 18% of total plant protein market in the Africa region, the market revenue of which is presently estimated at $119.34 million in 2018. Rising disposable income of middle and lower class families, improving lifestyle of majority of the population in the country and growing demand of high quality and nutritious food source are some of the major drivers of the plant protein market in the country which forecasts the market revenue to reach at $155.69million by 2023, registering at a CAGR of 5.5% between 2018 to 2023. Food industry and dietary supplements industry of Egypt captures highest share of plant protein application. Meat analogues & extenders and dairy alternatives presents huge opportunity that would drive the plant protein application across food industry.
The industry of beverage has changed dynamically since past few years as the demand of protein rich juices, smoothies, drinks and shakes has increased. Soy protein and pea protein are widely used as an ingredient across beverage products. Emerging protein types such as hemp protein, potato protein and flax seed protein share very low market share but with rising demand of sustainable protein, the application of these proteins across various industry segments is expected to increase. There are not many local players involved in the plant protein industry, but global players are seeking to collaborate and form a joint venture with the local players which would boost the market value for plant protein in Egypt.
Key Deliverables
Egypt captures around 18% of total plant protein market in the Africa region, the market revenue of which is presently estimated at $119.34 million in 2018. Rising disposable income of middle and lower class families, improving lifestyle of majority of the population in the country and growing demand of high quality and nutritious food source are some of the major drivers of the plant protein market in the country which forecasts the market revenue to reach at $155.69million by 2023, registering at a CAGR of 5.5% between 2018 to 2023. Food industry and dietary supplements industry of Egypt captures highest share of plant protein application. Meat analogues & extenders and dairy alternatives presents huge opportunity that would drive the plant protein application across food industry.
The industry of beverage has changed dynamically since past few years as the demand of protein rich juices, smoothies, drinks and shakes has increased. Soy protein and pea protein are widely used as an ingredient across beverage products. Emerging protein types such as hemp protein, potato protein and flax seed protein share very low market share but with rising demand of sustainable protein, the application of these proteins across various industry segments is expected to increase. There are not many local players involved in the plant protein industry, but global players are seeking to collaborate and form a joint venture with the local players which would boost the market value for plant protein in Egypt.
Key Deliverables
- Market trends since 2014 and five year forecasts of market growth
- Detailed analysis of the micro and macro elements influencing demand trends
- Identifying opportunity spaces across segments and countries
- Supply & demand side trend and analysis
- Price trend analysis, investment prospects and competition pattern
- Insights on growth potential of the market
- Detailed analysis of major producers covering financial investments & strategies adopted
- Competitive landscape of the industry
Table of Contents
1. Introduction
2. Summary
3. Industry Dynamics
4. Market Size and Forecast
5. Competitive Analysis
6. Company Profiles
Appendix
Companies Mentioned
- DuPont
- ADM
- Cargill
- Bunge
- Mead Johnson
- CHS
- Scoular
- Roquette Freres Le Romarin
- Burcon NutraScience
- MGP Ingredients
- Axiom Foods
- Tate & Lyle Plc
- Fonterra
- Kerry
- Omega Protein Corporation
- Glanbia PLC
- Beneo-Pa
