The beer market in Egypt reached 115.0 thousand metric tons in 2023. From 2014 through 2023, the market saw fluctuations, with significant declines in 2015 and 2016, followed by a steep rise in 2018, and minor variations thereafter. The volume variation year-on-year between 2022 and 2023 was a modest 0.88%, resembling the trend from the previous year. The five-year CAGR up to 2023 stands at -0.51%, indicating a slight downward trend over the five-year span.
Future projections from 2024 to 2028 show a gradual increase, with the market forecasted to grow to 118.7 thousand metric tons by 2028. The forecasted five-year CAGR is pegged at 0.51%, translating to an overall 2.6% growth rate over this period.
Trends to watch for in the future:
- Economic stability and its impact on consumer spending power affecting beer consumption.
- Potential regulatory changes influencing the alcoholic beverage market.
- Evolving consumer preferences and trends towards premium or craft beer.
- Possible impacts of international trade agreements affecting supply chains and pricing.
- Technological advancements in brewing and distribution enhancing market efficiency.
