The food processing industry in Egypt is experiencing significant growth and transformation, driven by various economic factors, technological advancements, and changing consumer preferences. This article explores the current state of the industry, the challenges it faces, and the opportunities it presents for stakeholders.
Key Takeaways
The food processing sector in Egypt is valued at approximately $7.3 billion, with a strong rebound following the pandemic.
Inflation and currency shortages are affecting the availability of imports, leading to increased demand for local products.
The Grand Egyptian Museum's opening in 2024 is expected to boost tourism and food sales significantly.
Retail sales in the packaged food market have reached $12.7 billion in 2023, showing robust growth since 2019.
Technological innovations are paving the way for future growth, with a focus on sustainable practices and digital solutions.