Market Size of Agriculture In Egypt
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Market Size (2024) | USD 5.20 Billion |
| Market Size (2029) | USD 6.09 Billion |
| CAGR (2024 - 2029) | 3.20 % |
Major Players*Disclaimer: Major Players sorted in no particular order |
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Egypt Agriculture Market Analysis
The Agriculture In Egypt Market size is estimated at USD 5.20 billion in 2024, and is expected to reach USD 6.09 billion by 2029, growing at a CAGR of 3.20% during the forecast period (2024-2029).
- Egypt is an agriculture-dependent economy, and the agriculture sector plays an important role in the nation’s food security. The GDP of agriculture has been increasing over the years due to an increase in agriculture acreage and production. According to the Ministry of Planning and Economic Development, the agriculture sector represents a fundamental pillar in Egypt’s national economy by contributing about 15% to the GDP, absorbing more than 25% of the country’s workforce, and maximizing foreign cash reserves through increasing agricultural exports.
- Further, with the implementation of various business models, the country aims to fulfill the quality requirements of the product and seize profitable sales opportunities in domestic and export markets. Some major crops grown in Egypt include sugar beet, wheat, maize, rice, tomato, potato, onion, orange, grapes, and dates. Sugarcane is also among the prominent crops produced in the country, with a production quantity of 15,976.8 thousand metric tons in 2022, according to the Food and Agriculture Organization (FAO).
- Moreover, an increasing number of projects to ensure food security, government initiatives to boost domestic production, and a focus on sustainable and green farming are the factors driving the market. For instance, in July 2022, the African Development Bank granted USD 271 million to Egypt to support the country’s Food Security and Resilience Program. Under the program, the farmers will have more access to subsidized fertilizers to be more incentivized to grow wheat. Along with this, the program aims to boost agricultural productivity and increase fertilizer usage.
Egypt Agriculture Industry Segmentation
Agriculture in Egypt involves the production of various food crops, such as fruits and vegetable crops. The report defines agricultural products in terms of the end users. The market for agriculture in Egypt is segmented by crop type (cereals, cash crops, vegetables, and fruits). The report includes production (volume), consumption (volume and value), import (volume and value), export (volume and value), and price trend analysis. The report offers market size and forecasts in terms of value (USD) and volume (metric tons) for all the above segments.
| Crop Type (Production Analysis by Volume, Consumption Analysis by Volume and Value, Import Analysis by Volume and Value, Export Analysis by Volume and Value, and Price Trend Analysis) | |
| Cereals | |
| Cash Crops | |
| Vegetables | |
| Fruits |
Agriculture In Egypt Size Summary
The agriculture sector in Egypt plays a crucial role in the nation's economy, contributing significantly to the gross domestic product and employment. The government is actively working to enhance this sector's contribution to the economy by implementing various initiatives aimed at boosting agricultural production and ensuring food security. Projects like the Agricultural Innovation Project are focused on introducing technological advancements to address challenges such as inefficient farming techniques and inadequate post-harvest facilities. These efforts are part of a broader strategy to increase the income of small-scale farmers and improve the overall productivity of the agricultural sector. The cultivation of major crops such as sugarcane, wheat, and rice, along with the development of new business models, aims to meet both domestic and international market demands.
In addition to domestic initiatives, Egypt's agricultural sector is benefiting from international support and partnerships, such as those with USAID and the International Fund for Agricultural Development. These collaborations are designed to enhance the competitiveness of Egyptian agricultural products in global markets and to support smallholder farmers through improved market linkages and digital technologies. The country's focus on sustainable development and self-sufficiency in agricultural production is expected to drive further growth in the sector. With significant investments and strategic projects underway, Egypt aims to strengthen its agricultural exports, particularly to regions like the EU, Russia, and the Middle East, thereby reinforcing the sector's importance in the national economy.
Agriculture In Egypt Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Overview
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1.2 Market Drivers
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1.2.1 Expanding Export Market
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1.2.2 Increased Focus on Sustainable and Green Farming
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1.2.3 Increasing Government Initiatives
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1.3 Market Restraints
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1.3.1 Lack of Efficient Irrigation Facilities
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1.3.2 High Cost of Entry in the Market
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2. MARKET SEGMENTATION
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2.1 Crop Type (Production Analysis by Volume, Consumption Analysis by Volume and Value, Import Analysis by Volume and Value, Export Analysis by Volume and Value, and Price Trend Analysis)
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2.1.1 Cereals
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2.1.2 Cash Crops
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2.1.3 Vegetables
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2.1.4 Fruits
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Agriculture In Egypt Market Size FAQs
How big is the Agriculture In Egypt Market?
The Agriculture In Egypt Market size is expected to reach USD 5.20 billion in 2024 and grow at a CAGR of 3.20% to reach USD 6.09 billion by 2029.
What is the current Agriculture In Egypt Market size?
In 2024, the Agriculture In Egypt Market size is expected to reach USD 5.20 billion.
