Cooking ingredients and meals in 2024: The big picture
Cooking ingredients and meals in Egypt in 2024 is facing significant challenges due to the foreign currency devaluation that occurred in March 2024, where the Egyptian pound lost 60% of its value. Import complications in the first quarter of 2024, caused by the unavailability of foreign currency, combined with geopolitical tensions in the Al-Mandab Strait, have led to increased shipping costs and a rise in cargo insurance premiums.
Key trends in 2024
The economic pressures of 2023 have led to significant changes in consumer behaviour in Egypt, with both low-income and middle-class families adjusting their purchasing patterns in response to rising costs. Low-income consumers have responded by reducing their consumption of meat and chicken, typically able to afford such meals only once a week or every ten days.
Competitive landscape
The major players in the market continue to lead, although smaller local brands are gaining prominence as high prices for imported goods and established brands push consumers towards locally produced items. There is continuous innovation in packaging, aimed at triggering consumption by offering new formats at more accessible price points.
Channel developments
Consumers are increasingly shifting to discount stores and e-commerce platforms, both of which offer lower prices compared to traditional retailers. These options are gaining popularity as families seek to stretch their budgets further, and e-commerce platforms in particular provide discounts not available elsewhere, which is well-suited to bulk buying.
What next for cooking ingredients and meals?
Cooking ingredients and meals in Egypt is expected to witness modest growth in volume terms, as high prices have limited demand. Essential cooking items like oils remain vital commodities for most Egyptians, and a diverse array of local brands offering various pack sizes and pricing points is available, providing consumers with a range of choices.
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Overview:
Understand the latest market trends and future growth opportunities for the Cooking Ingredients and Meals industry in Egypt with research from Euromonitor International's team of in-country analysts – experts by industry and geographic specialisation.
Key trends are clearly and succinctly summarised alongside the most current research data available. Understand and assess competitive threats and plan corporate strategy with our qualitative analysis, insight and confident growth projections.
Data and analysis in this report provides further detailed coverage dedicated to a comprehensive range of core packaged food categories.
If you're in the Cooking Ingredients and Meals industry in Egypt, our research will help you to make informed, intelligent decisions; to recognise and profit from opportunity, or to offer resilience amidst market uncertainty.
The Cooking Ingredients and Meals in Egypt report includes:
- Analysis of key supply-side and demand trends
- Detailed segmentation of international and local products
- Historic volume and value sizes, company and brand market shares
- Five year forecasts of market trends and market growth
- Robust and transparent research methodology, conducted in-country
This report answers:
- What is the market size of Cooking Ingredients and Meals in Egypt?
- Which are the leading brands in Cooking Ingredients and Meals in Egypt?
- How are products distributed in Cooking Ingredients and Meals in Egypt?
- How is the rise of e-commerce and/or the expansion of modern grocery retail impacting traditional retail?
- What are the key health and wellness concerns driving, or challenging, sales in Cooking Ingredients and Meals?
- How significant are vegan and vegetarian dietary requirements in determining sales growth in Egypt?
- How has COVID-19 impacted consumer demand? To what extent have lockdown, home seclusion and stockpiling boosted sales? Will the longer term economic repercussions of the pandemic stimulate or suppress future growth?
- Where is future growth expected to be most dynamic?
- How significant will values-based claims, such as sustainability and ethical labelling, be in supporting future growth and brand equity?
Cooking Ingredients and Meals in Egypt
Cooking ingredients and meals in 2024: The big picture
Key trends in 2024
Competitive landscape
Channel developments
What next for cooking ingredients and meals?
DISCLAIMER
Edible Oils in Egypt
KEY DATA FINDINGS
How currency fluctuations are shaping Egypt’s cooking oil prices
Coping with rising costs: The changing purchasing habits
Navigating price variability: The appeal of discount stores and e-commerce
Arma Food Industries to lead edible oils
Egypt's path to self-sufficiency: Reducing oil imports through state efforts
Forecast for edible oils in Egypt
Meals and Soups in Egypt
KEY DATA FINDINGS
Overview of meals and soups in Egypt
Managing budgets: The shift towards home cooking among Egyptian consumers
Modern trade as the preferred retail channel for prepared meals and soups
Nestlé SA’s dominance in meals and soups
From stability to variety: The reintroduction of imported soup offerings in Egypt
Forecast for the prepared meals and soups in Egypt
Sauces, Dips and Condiments in Egypt
KEY DATA FINDINGS
Overview of sauces, dips, and condiments in Egypt
Rise of homegrown brands
Economic pressures and consumer substitutions: From broth to paste
Heinz Egypt LLC's leadership in sauces, dips, and condiments
Unpackaged products: A cost-effective solution amid economic pressures
Forecast for sauces, dips, and condiments in Egypt
Sweet Spreads in Egypt
KEY DATA FINDINGS
Overview of sweet spreads in Egypt
Rise of local brands
Health-conscious sweet spreads: A growing trend
Hero Egypt’s leadership in sweet spreads
Economic factors to drive honey exports from Egypt
Forecast for sweet spreads in Egypt
The following categories and subcategories are included:
Cooking Ingredients and Meals
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- Olive Oil
- Corn Oil
- Palm Oil
- Rapeseed Oil
- Soy Oil
- Sunflower Oil
- Other Edible Oil
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- Dried Ready Meals
- Shelf Stable Ready Meals
- Chilled Ready Meals
- Frozen Ready Meals
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- Dry Soup
- Shelf Stable Soup
- Chilled Soup
- Frozen Soup
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- Chilled Pizza
- Frozen Pizza
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- Meal Kits
- Quick Recipe Kits
- Chilled Lunch Kits
- Prepared Salads
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- Liquid Stocks and Fonds
- Stock Cubes and Powders
- Gravy Cubes, Powders and Pots
- Monosodium Glutamate
- Herbs and Spices
- Tomato Pastes and Purées
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- Liquid Recipe Sauces (excl pasta sauces)
- Dry Recipe Sauces
- Pasta Sauces
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- Barbecue Sauces
- Fish Sauces
- Ketchup
- Mayonnaise
- Mustard
- Oyster Sauces
- Salad Dressings
- Soy Sauces
- Chili Sauces
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- Dips
- Yeast-based Spreads
- Pickled Products
- Other Sauces and Condiments
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- Honey
- Chocolate Spreads
- Jams and Preserves
- Nut and Seed Based Spreads
Why buy this report?
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This report originates from Passport, our Cooking Ingredients and Meals research and analysis database.
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