From 2013 to 2023, the value added of food, beverages, and tobacco in Egypt exhibited a general upward trend, growing from 1.78 units of GDP in 2013 to 2.9 units in 2023. The annual growth varied, showing significant year-on-year increases from 2013 to 2015, peaking at 28.68% in 2015. However, growth stabilized, staying around 0.57% in recent years. Over the last five years, the Compound Annual Growth Rate (CAGR) has averaged 0.6%.
Future trends to watch for:
- Moderate but sustained growth: Forecasts suggest stable growth, with a five-year CAGR of 0.41% and a cumulative growth of 2.09% by 2028.
- Impacts of economic policies: Monitor how government policies aimed at boosting the local food and beverage sector might influence growth rates.
- Consumer behavior shifts: Trends towards healthier and convenience-oriented products could drive changes in the market landscape.
