The market report analyses the market while considering various aspects of the market such as market size, market status, market trends, and forecast. The report also offers brief information on the competitors and specific growth opportunities while covering the key drivers of the market. The report has been categorized based on the different segment including product.
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Egypt Packaged Food Market drivers:
The Egypt packaged food market is witnessing strong demand in recent years. The growing number of working parents, coupled with the constant innovation in the packaging technology, are some factors driving the growth of the Egypt packaged food market. Individuals in Egypt are now rapidly opting for high nutritional food products, which have fewer preservatives, low-fat content, and low cholesterol. This factor has promoted consumers to opt for packaged food products to save their time and get ample vitamins and minerals. Furthermore, a large range of packaging materials is easily available in the packaged food market in wooden packaging, stand-up products, and paper packaging. Packaging of food products is considered an integral method that is increasingly adopted by the leading players to ensure full protection of food items from being contaminated by the presence of external agents, including microorganisms, humidity, and temperature.
Egypt's government is focusing on recycling the plastic packaging materials used for the packaging process of various food items. For example, in 2020, Nestle Egypt entered into a partnership with Egypt's government to introduce the environmental protection strategy, the Plastic Packaging Material Recovery, and Recycling initiative known as “Dorna.” The initiative reflects Nestle’s global commitment to highlighting the importance of food to improve the quality of life. The combination of programs and initiatives to support the adoption of packaged food is another factor bolstering the growth of the market in Egypt.
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Egypt Packaged Food Market Segmentation:
According to the report published by GMI Research, titled “Egypt Packaged Food Market,” the industry is predicted to witness the highest CAGR during the forecast period. The segmentation of the market is as follows:
- Ready Meals
- Baked foods
- Breakfast cereals
- Baby Food
- Potato Chips
- Instant Noodles
- Chocolate Confectionary
- Ice Creams
- Sauces, Dressings & Condiments
- Non-alcoholic drinks
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