Foodservice Market - Egypt
Market Statistics
Base Year: 2023
Historical Years: 2018-2023
Forecast Years: 2024-2032
Market Size in 2023: USD 7.68 Billion
Market Forecast in 2032: USD 32.43 Billion
Market Growth Rate: 15.40% (2024-2032)
The Egypt foodservice market size reached USD 7.68 Billion in 2023. Looking forward, IMARC Group expects the market to reach USD 32.43 Billion by 2032, exhibiting a growth rate (CAGR) of 15.40% during 2024-2032.
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Egypt Foodservice Market Trends:
The Egypt foodservice market is expanding rapidly due to the increasing urbanization and rise of the middle class, which is leading to more disposable incomes as well as encouraging people to spend on dining out. Besides this, the rise of international tourism and the influx of global cuisines are also contributing to the growth of the market as consumers seek diverse dining experiences. In line with these factors, the increasing adoption of digital platforms for food delivery and reservation services is streamlining operations and enhancing customer convenience. Government initiatives to promote tourism and encourage investment in the foodservice sector are also positively influencing the growth of the Egypt foodservice market. Additionally, the fast-paced urban lifestyle is causing a shift in dining forms toward informal dining and quick-service restaurants (QSRs), which is significantly impacting market trends.
Egypt Foodservice Market Scope and Growth Analysis:
The increased preference of consumers for sustainable as well as health-conscious dining options is another important driver propelling the Egypt foodservice market. This is leading to the introduction of menus featuring organic, locally sourced, and plant-based ingredients. Furthermore, technological innovations, such as cloud kitchens and AI-driven customer engagement strategies, are also reshaping the foodservice landscape. In addition to these factors, the post-pandemic emphasis on hygiene and contactless services has accelerated the adoption of advanced food safety measures and digital payment methods, fostering trust among consumers.
Moreover, the expansion of international food chains and the entry of new players in the market are expected to create competitive dynamics, driving innovation and quality improvements across the sector. These factors are anticipated to sustain the robust growth trajectory of the Egypt foodservice market over the forecasted period.
Egypt Foodservice Market Forecast & Segmentation:
Foodservice Type Insights:
- Cafes and Bars
- By Cuisine
- Bars and Pubs
- Cafes
- Juice/Smoothie/Desserts Bars
- Specialist Coffee and Tea Shops
- By Cuisine
- Cloud Kitchen
- Full Service Restaurants
- By Cuisine
- Asian
- European
- Latin American
- Middle Eastern
- North American
- Others
- By Cuisine
- Quick Service Restaurants
- By Cuisine
- Bakeries
- Burger
- Ice Cream
- Meat-based Cuisines
- Pizza
- Others
- By Cuisine
Outlet Insights:
- Chained Outlets
- Independent Outlets
Location Insights:
- Leisure
- Lodging
- Retail
- Standalone
- Travel
Regional Insights:
- Greater Cairo
- Alexandria
- Suez Canal
- Delta
- Others
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Competitive Landscape:
The report offers an in-depth examination of the competitive landscape. It includes a thorough competitive analysis encompassing market structure, key player positioning, leading strategies for success, a competitive dashboard, and a company evaluation quadrant. Additionally, the report features detailed profiles of all major companies in the Egypt foodservice industry.
Other Key Points Covered in the Report:
- COVID-19 Impact on the Market
- Porter's Five Forces Analysis
- Strategic Recommendations
- Market Dynamics
- Historical, Current and Future Market Trends
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain Analysis
- Comprehensive Mapping of the Competitive Landscape
- Top Winning Strategies
- Recent Industry News
- Key Technological Trends & Development
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
About Us:
IMARC Group is a global management consulting firm that helps the world’s most ambitious changemakers to create a lasting impact. The company provide a comprehensive suite of market entry and expansion services. IMARC offerings include thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape and benchmarking analyses, pricing and cost research, and procurement research.
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