Increasing Health Consciousness among Consumers are expected to augment the Egypt Herbs & Spices Market at a healthy CAGR of 3.27% during the forecast period of 2022 to 2030
Research Reports
Dec 28, 2022
Egypt Herbs & Spices Market Insights
According to MRFR analysis, the Egypt Herbs & Spices market is expected to register a CAGR of 3.27% from 2022 to 2030 and hold a value of over USD 94.8 million by 2030.
As more and more consumers become health conscious, the demand for organic spices and herbs is on the rise. Millennials, in particular, are interested in trying different types of cuisines and flavors from all over the world. In the current market, herbs and spices play an important role in consumer food habits, as they can be used to enhance taste and flavor. Additionally, many people believe that herbs and spices have positive benefits for the human body. The outbreak of COVID-19 has impacted the Egypt Herbs & Spices Market in several ways. The full risk assessment and industry recommendations were made for herbs and spices in a special period. Several steps have been taken by the Government/Companies to overcome the impact of COVID-19. These initiatives have resulted in the stabilization of sales and opportunities in the herbs and spices international market for both companies and consumers.
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Market Segmentation
The Egypt Herbs & Spices Market has been segmented into product type and packaging material.
Based on type, the market has been segmented into Herbs and Spices. Egypt is home to a wide variety of spices, including cumin, turmeric, coriander, and ginger, which are used to add flavor and depth to dishes. With the country’s population expected to continue to grow, and more people interested in exploring Egyptian cuisine, the demand for spices is likely to increase. This segment of the market is expected to see significant growth in the coming years.
Based on packaging material, the market has been segmented into Plastic, Paper, and others. The plastic packaging segment is expected to grow due to the increasing preference for plastic packaging among consumers, due to its lower cost and durability. In addition, the growing demand for herbs & spices in the food & beverage industry is also driving the growth of the plastic packaging segment.
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Key Players
Some of the key market players are Organic Spices Inc. (US), AL Sharq spices (Elfayoum), International Aromatics S.A.E (Alexandria), Green Valley Herbs (Fayoum), Aljawhara Herbs and Spices (Fayoum), United for Herbs and Spices (Fayoum), Berlik Spices (Fayoum), Frontier Natural Products Co-op (Norway), Rapid Organic Pvt Ltd (India), Earthen Delight (India).
Read Our Related Report –
Organic Spices and Herbs Market Research Report Forecast Till 2030
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