Market Research Future (Food and Beverages) Egypt Herbs & Spices Market Research Report | Page 4

Egypt Herbs and Spices Market Research Report – Forecast to 2023
3 Sample Pages
Regional Analysis:
By region, the Egypt herbs and spices market has been segmented into North Africa and South West Asia. North
Africa is poised to lead the sale of herbs and spices in Egypt and is estimated to reach a valuation of USD 100.89
Mn by the end of 2023. The food manufacturers have fueled demand for herbs and spices in the region for
strengthening their footholds in the market by facilitating product differentiation. Additionally, the medicinal benefits
of herbs and spices such as strengthening the immune system, preventing cold & flu, curing migraine headaches,
controlling cholesterol, etc. have increased its application in dietary supplements and healthcare sector. The boost
in the sales of herbs and spices in the region is also attributable to the increasing per capita income. Meanwhile,
South West Asia is projected to exhibit a higher CAGR of 3.87%. The increasing demand for natural herbs and
spices coupled with a widening range of applications across various industry verticals such as cosmetics & personal
care are expected to steer the growth of the market in the region. Furthermore, the growing demand for ethnic
flavours in the region is likely to have a positive influence on the Egypt herbs and spices market.
Segments:
MRFR’s report offers a detailed segmental analysis of the market based on type, packaging material, and distribution
channel. By type, the market has been segmented into herbs and spices. Among these, the spices segment currently
commands the maximum share of the market and is projected to thrive at 3.27% CAGR through the assessment
period. Meanwhile, the herbs segment is estimated to register a relatively higher CAGR over the review period.
By packaging material, the market has been segmented into paper, plastic, and others. The plastic segment held
the most significant market share in 2017 which accounted for 58.35% share. The growth is attributable to the
temperature resistance, durability, etc. of the material. However, the paper segment, which offers cost-efficiency,
versatility, etc., is poised to thrive at a comparatively higher growth rate.
By distribution channel, the market is segmented into store-based and non-store based. The store-based segment
has further been sub-segmented into supermarket/hypermarket, convenience stores, and others. The store-based
segment is estimated to retain its pole position towards the end of the forecast period and strike a CAGR of 3.16%.
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