Egypt Honey Market Research Report - Forecast to 2023

Egypt Honey Market Research Report - Forecast to 2023


  • Products Id :- MRFR/F-B & N/4778-CRR
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  • Pages: 64
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Executive Summary

In the coming years, the Egyptian honey market is expected to grow at a significant pace. Honey acts as an antioxidant and provides relief from a cough and is, therefore, used as a natural remedy for mild allergies. It is also applicable in the cosmetics industry for its skin nourishing properties. Moreover, innovations in processing technology to increase the production of honey are expected to drive product demand in various industries.

As consumers are becoming more health conscious, the demand for natural sweeteners is increasing, leading to lucrative growth opportunities for market players in the food & beverage industry. Moreover, the demand for monofloral honey is increasing in Egypt due to its distinctive flavor. Manufacturers are investing heavily in R&D to create innovative flavors such as jamun, neem, lychee, sunflower, coffee, tulsi, ginger, garlic, and forest honey which is driving factor market growth. Innovative packaging also plays a vital role in increasing sales.

Regional Analysis

The Egyptian honey market has been segmented into Western Egypt and Eastern Egypt. The Western Egypt segment is expected to remain dominant during the forecast period of 2018 to 2023. The regional market is estimated to reach USD 23.4 million at a CAGR of 5.21%. Western Egypt is expected to account for the larger market share of 88.41% in 2018. The Eastern Egypt segment is also projected to witness substantial growth during the forecast period.

Segmentation

The Egyptian honey market has been segmented, by type, into clover honey, citrus honey, cotton honey, wildflower honey, and others.

By application, the Egyptian honey market has been divided into food & beverage, personal care products, pharmaceuticals, and others.

By packaging, the Egyptian honey market has been classified as bottles, jars, tubes, tubs, and others.

Key Players:

The leading players in the Egyptian honey market are Ahla Honey, Elnada Bee, Mudga Agriculture & Food Products Suppliers, Imtenan, Mahmoud Gomaa Abd El Galil Co., Honey World, Dabur Egypt Ltd, and EL Rashidi EL Mizan Confectionery

Target Audience:

Food & beverage industry

Honey manufacturers

Pharmaceuticals industry

Personal care product manufacturers

Retailers and wholesalers

E-commerce companies

Traders, importers, and exporters

 

Key Findings:

The Egyptian honey market is projected to reach USD 26.4 million by the end of 2023 at a CAGR of 5.10%.

The clover honey segment is expected to register the highest CAGR of 5.55% during the forecast period.

The personal care products application segment is projected to exhibit a CAGR of 5.61% during the forecast period.

The bottles segment is projected to be the fastest-growing packaging market during the review period.

 

Egyptian Honey Market-Forecast till 2023:

As per MRFR analysis, the Egyptian honey market is projected to reach USD 26.4 million by the end of 2023 at a CAGR of 5.10% during the forecast period.



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Table of Contents:

 

1 Executive Summary

2 Market Introduction

2.1 Definition

2.2 Scope of the Study

2.3 Assumptions

2.4 Market Structure

2.5 Key Takeaways

2.6 Key Buying Criteria

3 Research Methodology

3.1 Research Process

3.2 Primary Research

3.3 Secondary Research

3.4 Market Size Estimation

4 Market Dynamics

4.1 Introduction

4.2 Drivers

4.2.1 Health benefits associated with honey

4.2.2 Advancements in honey harvesting technology

4.2.3 Increasing demand for Monofloral honey

4.2.4 Drivers Impact Analysis

4.3 Restraints

4.3.1 Honeybee losses

4.3.2 Fluctuation in prices of honey

4.3.3 Restraints Impact Analysis

4.4 Opportunities

4.4.1 High inclination towards natural sweeteners

4.4.2 R&D investments

4.4.3 Innovative packaging

4.5 Challenges

4.5.1 Illegal honey laundering

5 Market Factor Analysis

5.1 Value Chain Analysis

5.2 Supply Chain Analysis

5.3 Porter's Five Forces Analysis

5.3.1 Porter's 5 Forces Analysis: Honey

5.3.2 Threat of New Entrants

5.3.3 Bargaining Power of Suppliers

5.3.4 Threat of Substitutes

5.3.5 Bargaining Power of Buyers

5.3.6 Intensity of Rivalry

5.4 Mega Trends

5.4.1 Trade (Import-export) Analysis

5.4.1.1 Honey Export Analysis

5.4.1.2 Honey Import Analysis

6 Egypt Honey Market, By Type

6.1 Overview

6.1.1 Clover Honey

6.1.2 Citrus Honey

6.1.3 Cotton Honey

6.1.4 Wildflower Honey

6.1.5 Others

7 Egypt Honey Market, By Application

7.1 Overview

7.1.1 Food & Beverages

7.1.2 Personal Care Products

7.1.3 Pharmaceuticals

7.1.4 Others

8 Egypt Honey Market, By Packaging

8.1 Overview

8.1.1 Bottle

8.1.2 Jar

8.1.3 Tube

8.1.4 Tub

8.1.5 Others

9 Egypt Honey Market, By Region

9.1 Introduction

9.2 West Egypt

9.3 East Egypt

10 Company Profiles

10.1 Ahla Honey

10.1.1 Company Overview

10.1.2 Financial Overview

10.1.3 Products Offerings

10.1.4 Key Developments

10.1.5 Key Strategy

10.2 Elnada Bee

10.2.1 Company Overview

10.2.2 Financial Overview

10.2.3 Products Offerings

10.2.4 Key Developments

10.2.5 Key Strategy

10.3 Mudga Agriculture & Food Products suppliers

10.3.1 Company Overview

10.3.2 Financial Overview

10.3.3 Products Offerings

10.3.4 Key Developments

10.3.5 SWOT Analysis

10.3.6 Key Strategy

10.4 Imtenan

10.4.1 Company Overview

10.4.2 Financial Overview

10.4.3 Products Offerings

10.4.4 Key Developments

10.4.5 SWOT Analysis

10.4.6 Key Strategy

10.5 Mahmoud Gomaa Abd El Galil Co

10.5.1 Company Overview

10.5.2 Products Offerings

10.5.3 Financial Overview

10.5.4 Key Strategy

10.6 Honey World

10.6.1 Company Overview

10.6.2 Financial Overview

10.6.3 Products Offerings

10.6.4 Key Strategy

10.7 Dabur Egypt Ltd.

10.7.1 Company Overview

10.7.2 Financial Overview

10.7.3 Products Offerings

10.7.4 Key Strategy

10.8 EL Rashidi EL Mizan Confectionery

10.8.1 Company Overview

10.8.2 Financial Overview

10.8.3 Products Offerings

10.8.4 Key Strategy

11 Conclusion

11.1 Key Findings

11.1.1 CEO's Viewpoint

11.1.2 Key Companies to Watch

11.1.3 Prediction

List of Figures:

 

FIGURE 1 EGYPT HONEY MARKET SHARE (%), BY REGION (2018 & 2023)

FIGURE 2 EGYPT HONEY MARKET SHARE (%), BY TYPE (2018 & 2023)

FIGURE 3 EGYPT HONEY MARKET SHARE (%), BY APPLICATION (2018 & 2023)

FIGURE 4 EGYPT HONEY MARKET SHARE (%), BY PACKAGING (2018 & 2023)

FIGURE 5 EGYPT HONEY MARKET: MARKET STRUCTURE

FIGURE 6 KEY TAKEAWAYS OF THE HONEY MARKET

FIGURE 7 KEY BUYING CRITERIA OF HONEY

FIGURE 8 RESEARCH PROCESS OF MRFR

FIGURE 9 TOP DOWN & BOTTOM-UP APPROACH

FIGURE 10 MARKET DYNAMICS OF EGYPT HONEY MARKET

FIGURE 11 DRIVERS IMPACT ANALYSIS: EGYPT HONEY MARKET

FIGURE 12 RESTRAINTS IMPACT ANALYSIS: HONEY MARKET

FIGURE 13 VALUE CHAIN ANALYSIS: HONEY MARKET

FIGURE 14 SUPPLY CHAIN ANALYSIS: HONEY MARKET

FIGURE 15 PORTER'S 5 FORCES ANALYSIS OF EGYPT HONEY MARKET

FIGURE 16 TRENDS IN HONEY EXPORTS (2013-2017), TONS

FIGURE 17 TRENDS IN HONEY IMPORTS (2013-2017), TONS

List of Tables:

 

TABLE 1 EGYPT HONEY MARKET, BY REGION, 2017-2023 (USD MILLION)

TABLE 2 EGYPT HONEY MARKET, BY TYPE, 2017-2023 (USD MILLION)

TABLE 3 EGYPT HONEY MARKET, BY APPLICATION, 2017-2023 (USD MILLION)

TABLE 4 EGYPT HONEY MARKET, BY PACKAGING, 2017-2023 (USD MILLION)

TABLE 5 EGYPT HONEY PRODUCTION VOLUME, 2017-2023 (TONS)

TABLE 6 EGYPT HONEY CONSUMPTION VOLUME, 2017-2023 (TONS)

TABLE 7 LIST OF ASSUMPTIONS

TABLE 8 FORECAST MODEL

TABLE 9 EGYPT: HONEY MARKET, BY TYPE, 2017-2023 (USD MILLION)

TABLE 10 EGYPT: HONEY MARKET, BY TYPE, 2017-2023 TONS

TABLE 11 EGYPT: HONEY MARKET, BY APPLICATION, 2017-2023 (USD MILLION)

TABLE 12 EGYPT: HONEY MARKET, BY APPLICATION, 2017-2023 TONS

TABLE 13 EGYPT: HONEY MARKET, BY PACKAGING, 2017-2023 (USD MILLION)

TABLE 14 EGYPT: HONEY MARKET, BY PACKAGING, 2017-2023 TONS

TABLE 15 EGYPT HONEY MARKET, BY REGION, 2017-2023(USD MILLION)

TABLE 16 EGYPT HONEY MARKET, BY REGION, 2017-2023TONS

TABLE 17 WEST EGYPT: HONEY MARKET, BY TYPE, 2017-2023(USD MILLION)

TABLE 18 WEST EGYPT: HONEY MARKET, BY TYPE, 2017-2023 TONS

TABLE 19 WEST EGYPT: HONEY MARKET, BY APPLICATION, 2017-2023 (USD MILLION)

TABLE 20 WEST EGYPT: HONEY MARKET, BY APPLICATION, 2017-2023 TONS

TABLE 21 WEST EGYPT: HONEY MARKET, BY PACKAGING, 2017-2023 (USD MILLION)

TABLE 22 WEST EGYPT: HONEY MARKET, BY PACKAGING, 2017-2023 TONS

TABLE 23 EAST EGYPT: HONEY MARKET, BY TYPE, 2017-2023 (USD MILLION)

TABLE 24 EAST EGYPT: HONEY MARKET, BY TYPE, 2017-2023 TONS

TABLE 25 EAST EGYPT: HONEY MARKET, BY APPLICATION, 2017-2023 (USD MILLION)

TABLE 26 EAST EGYPT: HONEY MARKET, BY APPLICATION, 2017-2023 TONS

TABLE 27 EAST EGYPT: HONEY MARKET, BY PACKAGING, 2017-2023 (USD MILLION)

TABLE 28 EAST EGYPT: HONEY MARKET, BY PACKAGING, 2017-2023 TONS

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Ahla Honey (Egypt)

Elnada Bee (Egypt)

Mudga Agriculture & Food Products suppliers (Egypt)

Imtenan (Egypt)

Mahmoud Gomaa Abd El Galil Co (Egypt)

Honey World (Egypt)

Dabur Egypt Ltd. (Egypt)

and EL Rashidi EL Mizan Confectionery (Egypt)

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