Market Size of Egypt Rice Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Market Size (2024) | USD 1.95 Billion |
| Market Size (2029) | USD 2.71 Billion |
| CAGR (2024 - 2029) | 6.88 % |
Major Players*Disclaimer: Major Players sorted in no particular order |
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Egypt Rice Market Analysis
The Egypt Rice Market size is estimated at USD 1.95 billion in 2024, and is expected to reach USD 2.71 billion by 2029, growing at a CAGR of 6.88% during the forecast period (2024-2029).
- As a cereal grain, rice is the most widely consumed staple food for most of the human population. Rice is cultivated in more than 120 countries, with Egypt being the largest producer of rice in the Middle East. Rice is the primary agricultural commodity, with the third-highest worldwide production after maize and sugarcane.
- Egypt is the most important rice market in the North African region. Due to its available land base on the banks of the river Nile, the country produces most of the rice in North Africa. The Nile's waters are used extensively to irrigate rice crops. The North African region, led by Egypt, accounts for one-third of the rice demand in Africa. The majority of rice in Egypt is produced in lower Nile river areas. The country's rice supply is recorded at 60.9 kg paddy/per capita/per year.
- The increasing food and restaurant sector in Egypt is anticipated to promote market growth in the future. Likewise, continuous development in rice mill machinery and attractive packaging enhance product demand emerging in the country's economy. Furthermore, the rising demand for specialty rice varieties has increased the trade for long-grain rice, which in turn is driving market growth. Additionally, consumers' constantly changing lifestyles and food habits are accelerating the fast-food industry market, which is expected to drive significant market growth during the forecast period.
Egypt Rice Industry Segmentation
Rice is the staple food of more than half of the world's population. It is grown both as a subsistence and cash crop in Egypt.
The Egypt rice market is segmented by production analysis (volume), consumption analysis (value and volume), export analysis (value and volume), import analysis (value and volume), and price trend analysis.
The report offers market estimation and forecast in value (USD million) and volume (metric ton).
| Egypt | |
| Production Analysis (Volume) | |
| Consumption Analysis (Volume and Value) | |
| Import Market Analysis (Volume and Value) | |
| Export Market Analysis (Volume and Value) | |
| Price Trend Analysis |
Egypt Rice Market Size Summary
The rice market in Egypt is a significant component of the country's agricultural sector, being the largest producer in the Middle East and a key player in North Africa. Rice is a staple food for the Egyptian population, deeply integrated into the local diet and cuisine, with dishes like Koshari and Ruzz mu'ammar bi-I-tuyur highlighting its culinary importance. The country's rice production benefits from the fertile lands along the Nile River, which provides essential irrigation. The Egyptian rice market is poised for growth, driven by increasing demand from the expanding middle class and the rising popularity of gluten-free diets. The market is also supported by advancements in agricultural technology and machinery, which have enhanced production efficiency and yield.
The Egyptian rice industry is experiencing a robust expansion, with projections indicating substantial growth over the coming years. This growth is fueled by the country's strategic focus on improving domestic production through research and development, as well as investments in modern agricultural practices. The government's collaboration with various stakeholders aims to boost rice yields and reduce post-harvest losses. Additionally, the influx of expatriates and the growing food and restaurant sector contribute to the rising demand for rice. The market's development is further supported by international collaborations, such as the partnership with Tiamin Rice Company for processing and selling rice, underscoring Egypt's role as a pivotal player in the regional and global rice market.
Egypt Rice 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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1.3 Market Restraints
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1.4 Value Chain Analysis
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1.5 PESTLE Analysis
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2. MARKET SEGMENTATION
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2.1 Egypt
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2.1.1 Production Analysis (Volume)
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2.1.2 Consumption Analysis (Volume and Value)
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2.1.3 Import Market Analysis (Volume and Value)
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2.1.4 Export Market Analysis (Volume and Value)
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2.1.5 Price Trend Analysis
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Egypt Rice Market Size FAQs
How big is the Egypt Rice Market?
The Egypt Rice Market size is expected to reach USD 1.95 billion in 2024 and grow at a CAGR of 6.88% to reach USD 2.71 billion by 2029.
What is the current Egypt Rice Market size?
In 2024, the Egypt Rice Market size is expected to reach USD 1.95 billion.
