Egypt Herbs Spices Market Research Report
Market Overview
According to the report, the worldwide ancient Egypt herbs & spices market is predicted to increase. It was valued at USD 94.8 million in 2017, as well as between 2018 and 2023, it is expected to expand at a compound yearly growth rate of 3.27 percent.
Owing to Egypt’s high consumption rate, the import of herbs and spices has been steadily increasing. You should be aware that herbs and spices are utilized to enhance the flavor of numerous Egyptian dishes. Traditional remedies are made with the same herbs and spices that were utilized in ancient Egypt for food seasoning and garnishing.
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Competitive Dashboard
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)
Yogi Botanical Pvt Ltd (India)
The Spice Hunter Inc. (U.S.)
Starwest Botanicals Inc. (U.S.)
Segmental Analysis
By type
Quality herbal goods are available on the herbs and spices market. These spices and sectors dominate the market. Furthermore, it controls the majority of the existing market for successful growth. According to the forecast, the market would grow at a 3.27 percent CAGR over the forecast period.
According to the study and analysis, the herbs segment is expected to grow faster over the forecast period.
By packaging
The market is segmented based on packaging materials such as plastic, paper, and others. The plastic category is growing because of its increased temperature resistance and durability. Amongst the others, the plastic segment had the largest market share in 2017.
The paper segment is likewise thought to be the most cost-effective, which is driving up demand. For the projection period, it is anticipated to widen at a faster rate than the average.
By distribution channel
Distribution channels segment the Egyptian herbs & spices industry. This is done depending on the distribution of store and non-stored items. The best thing about store-based distribution is how convenient it is.
According to the prognosis, the store-based segment would maintain its lead until the conclusion of the forecast period, with a CARG of 3.16 percent.
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Regional Overview
The market for Egyptian herbs and spices is divided into geographical segments. North Africa and Southwest Asia are divided into segments. The North American segment is likely to maintain its dominance over the forecast timeframe in the Egyptian industry.
Furthermore, the Southwest Asia section is predicted to grow faster at 3.87 percent throughout the projection period.
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