Egypt is among the strong economies in the African continent and is expected to grow strongly in coming years due to major reforms framed by the Government. It also has a relatively fastest-growing population, with major population groups falling between 15 to 30 years. Egypt's food and agricultural industry comprise more than 7500 enterprises, which constitutes around 31% of all Egyptian industries, almost half of which are dairy firms, producing various dairy products. Out of the total milk production in the country, around 70% is processed by small firms to produce milk derivatives such as cheese, yogurt, and whey protein. The whey protein market in Egypt is growing steadily due to the increase in demand for protein-rich food products among the Egyptian population. The whey protein market of Egypt was worth $44.6 million in 2020 and is estimated to grow at a CAGR of 4.9% until 2026.
The major driver of the whey protein market in Egypt is its growing population, especially young and well-off Egyptians who are very interested in sports. In addition, since the last few years, Egypt has implemented dynamic economic reforms that are expected to boost economic growth and eventually lead to an increase in the consumer's purchasing power, leading to the consumption of healthy food products. Most of the demand for whey protein has been registered from the dietary supplement industry as more and more young people are opting for a healthy lifestyle. Over the past few years, many supermarket chains have opened across major cities strengthening the distribution network of the food and beverage industry, thereby favoring the whey protein market. In addition, the steady demand for whey protein from the ageing population for weight loss and maintaining muscle mass has led to the introduction of innovative whey products in the market.
The market revenue of whey protein application in food industry was $11.7 million in 2020, and increasing usage of whey in producing food items will increase the market revenue to $15.0 million with a CAGR of 4.3% until 2026. Whey protein application in the dietary supplement industry is the highest and represents around 48% of total whey protein application in Egypt. It is also growing at the highest CAGR of 5.4% to capture the market revenue of $28.2 million by 2026.
The major driver of the whey protein market in Egypt is its growing population, especially young and well-off Egyptians who are very interested in sports. In addition, since the last few years, Egypt has implemented dynamic economic reforms that are expected to boost economic growth and eventually lead to an increase in the consumer's purchasing power, leading to the consumption of healthy food products. Most of the demand for whey protein has been registered from the dietary supplement industry as more and more young people are opting for a healthy lifestyle. Over the past few years, many supermarket chains have opened across major cities strengthening the distribution network of the food and beverage industry, thereby favoring the whey protein market. In addition, the steady demand for whey protein from the ageing population for weight loss and maintaining muscle mass has led to the introduction of innovative whey products in the market.
The market revenue of whey protein application in food industry was $11.7 million in 2020, and increasing usage of whey in producing food items will increase the market revenue to $15.0 million with a CAGR of 4.3% until 2026. Whey protein application in the dietary supplement industry is the highest and represents around 48% of total whey protein application in Egypt. It is also growing at the highest CAGR of 5.4% to capture the market revenue of $28.2 million by 2026.
Key Deliverables
- Market trends since 2017 and five-year forecasts of market growth
- Detailed analysis of the micro and macro elements influencing demand trends
- Identifying opportunity spaces across segments
- Supply & demand side trend and analysis
- Price trend analysis, investment prospects, and competition pattern
- Insights on the 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
- Agropur MSI, LLC
- Arla Foods
- Carbery Group
- Champignon-Hofmeister Group
- DMK group
- FriesiandCampina Ingredients
- Glanbia Plc
- Hilmar Cheese Company Inc
- Lactalis Ingredients
- Land O'Lakes Inc
- Leprino Foods Co
- Milk Specialties Global
- Meggle Group
- Saputo Ingredients
- Fonterra Co-operative Group
- Volac.
