Market Research Future (Food and Beverages) Egypt Herbs & Spices Market Research Report | Page 3

Egypt Herbs and Spices Market Research Report – Forecast to 2023
2 Market Overview
Market Research Future (MRFR) has revealed in its latest study that the Egypt herbs and spices market is expected
to register a steady CAGR of 3.27% during the assessment period 2018 to 2023. The market is currently valued at
USD 97.79 Mn and is estimated to reach a valuation of USD 114.84 Mn by 2023-end. The shifts witnessed in the
trade policies facilitating large-scale market penetration due to globalization has paved the way for herbs and spices
market expansion in Egypt.
The Egypt herbs and spices market has entered a maturity phase, but, the demand from food manufacturers and
changing market trends are likely to retain the growth of the market. Customer readiness to experiment with new
flavors coupled with the demand for exotic and ethnic flavors are anticipated to catapult the market on an upward
trajectory. Additionally, the market players are organizing vigorous promotional campaigns for creating product
awareness and retaining the customers. The key players strive to stay ahead of the curve and are seen to collaborate
with food manufacturers for expanding consumer base. An all-round development of the market at a moderate pace
is expected over the next couple of years.
Intended Audience:
Herbs & spices manufacturers
Manufacturers of herbs & spices products
Traders, importers, and exporters
Food & beverage manufacturers
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