According to the latest report by IMARC Group, titled “Egypt Foodservice Market Report by Sector (Residential, Commercial, Industrial, Infrastructure (Transportation), Energy and Utilities), and Region 2024-2032,” the report presents a thorough review featuring the Egypt foodservice market forecast, growth, share, trends, and research of the industry.
The Egypt foodservice market size reached USD 7.68 Billion in 2023. Looking forward, IMARC Group expects the market to reach USD 32.43 Billion by 2032, exhibiting a growth rate (CAGR) of 15.40% during 2024-2032.
A combination of factors, including economic expansion as well as changing consumer habits, are responsible for the growth of the Egypt foodservice market. Additionally, the market is propelled by rapid urbanization and an escalating middle class, boosting demand for diverse dining options, particularly in urban areas like Cairo, Alexandria, etc. As disposable incomes rise, consumers are highly dining out, which is fueling the growth of fast-food chains, cafes, and casual dining restaurants.
Furthermore, the rise of food delivery services facilitated by digital platforms and mobile apps is transforming the market. The increasing penetration of technology in food service, coupled with the need for convenience, has led to a surge in online ordering, home delivery, and takeaway services, particularly among younger consumers.
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Egypt Foodservice Market Trends & Drivers:
Another significant trend in the Egypt foodservice market is the expansion of international and local restaurant chains. In addition to this, global brands are increasingly entering the market, attracted by the growing consumer base and favorable economic conditions. There is a rising need for healthier and more diverse food options, prompting the introduction of new concepts that cater to dietary preferences, such as vegetarian, vegan, and organic offerings.
Moreover, the focus by government authorities on tourism is bolstering the foodservice sector, with hotels and resorts offering more sophisticated dining experiences to attract international visitors. This trend is further supported by investments in infrastructure and tourism, creating a positive outlook for the market. Continued urbanization, technological advancements, and the expansion of both local and international food service operators are expected to drive sustained growth in the Egypt foodservice market in the coming years.
Egypt Foodservice Market Report Segmentation:
The report provides an analysis of the key trends in each segment of the market, along with forecasts at the country levels for 2024-2032. The market has categorized based on foodservice type, outlet, and location.
Breakup by Foodservice Type:
- Cafes and Bars
- By Cuisine
- Bars and Pubs
- Cafes
- Juice/Smoothie/Desserts Bars
- Specialist Coffee and Tea Shops
- Cloud Kitchen
- Full Service Restaurants
- By Cuisine
- Asian
- European
- Latin American
- Middle Eastern
- North American
- Others
- Quick Service Restaurants
- By Cuisine
- Bakeries
- Burger
- Ice Cream
- Meat-based Cuisines
- Pizza
- Others
Breakup by Outlet:
- Chained Outlets
- Independent Outlets
Breakup by Location:
- Leisure
- Lodging
- Retail
- Standalone
- Travel
Breakup by Region:
- Greater Cairo
- Alexandria
- Suez Canal
- Delta
- Others
Competitor Landscape:
The report offers an in-depth examination of the competitive landscape. It includes a thorough competitive analysis encompassing market structure, key player positioning, leading strategies for success, a competitive dashboard, and a company evaluation quadrant.
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Key highlights of the Report:
- COVID-19 Impact on the Market
- Porter’s Five Forces Analysis
- Strategic Recommendations
- Market Dynamics
- Historical, Current and Future Market Trends
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain Analysis
- Comprehensive Mapping of the Competitive Landscape
- Top Winning Strategies
- Recent Industry News
- Key Technological Trends & Development
Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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