Egypt's sugar market is anticipated to grow at a compound annual growth rate (CAGR) of 3.19% over the forecast period to reach US$6.354 billion by 2030 from an initial value of US$5.431 billion in 2025.
Several key factors significantly influence the Egyptian sugar market growth. The cultivation of sugarcane in Egypt is primarily concentrated around the sugar refineries located in Upper Egypt, which account for approximately 77 percent of the total cane area in the country. Middle Egypt contributes an additional 15 percent to the sugarcane area, followed by the Delta region with eight percent.
Policies aimed at encouraging farmers to cultivate sugarcane andsugarbeet play a significant role in boosting domestic production and reducing dependence on imports. By incentivizing farmers through supportive policies, the government aims to enhance the local sugar industry's sustainability and self-sufficiency.
Sugarcane is typically planted during both the spring and autumn seasons. The demand for sugarcane has been on the rise, leading to an increase in the Procurement Price for sugar beet. In 2022, the price stood at 700 EGP, which escalated to 1,000 EGP in 2023 and further to 1,200 EGP in 2024. This upward trend in prices can be attributed to the expandingconfectioneryfood products sector, which demands higher sugar inputs.
One significant initiative is the Egypt Future Developmental Project, launched in January 2022. This project focuses on producing strategic commodities, including sugar beets, in the New Delta extension of Dabaa in the northwest. A total area of 35,000 feddans (14,700 hectares) has been allocated for sugar beet cultivation under this project.
Price subsidies are also provided, with refined sugar being offered to food subsidy beneficiaries at prices below the international market rates. For instance, one kilogram of sugar is provided at a subsidized price of 10 EGP ($0.30) per month. Additionally, families receive a monthly cash transfer of 200 EGP ($10.96),enabling them to afford sugar and other essential food items. Egyptian sugar production has seen an increase from 2.76 million tons in 2022/23 to 2.78 million tons in 2023/24.
This rise in demand is driven by factors such as population growth, which is estimated at 2.4 percent annually. With Egypt's population reaching approximately 106 million in 2022 and increasing by around 2 million people per year, the demand for sugar continues to escalate. Moreover, the expanding confectionary food products sector is further fueling the demand for sugar, necessitating higher inputs.
Several key factors significantly influence the Egyptian sugar market growth. The cultivation of sugarcane in Egypt is primarily concentrated around the sugar refineries located in Upper Egypt, which account for approximately 77 percent of the total cane area in the country. Middle Egypt contributes an additional 15 percent to the sugarcane area, followed by the Delta region with eight percent.
Policies aimed at encouraging farmers to cultivate sugarcane andsugarbeet play a significant role in boosting domestic production and reducing dependence on imports. By incentivizing farmers through supportive policies, the government aims to enhance the local sugar industry's sustainability and self-sufficiency.
Sugarcane is typically planted during both the spring and autumn seasons. The demand for sugarcane has been on the rise, leading to an increase in the Procurement Price for sugar beet. In 2022, the price stood at 700 EGP, which escalated to 1,000 EGP in 2023 and further to 1,200 EGP in 2024. This upward trend in prices can be attributed to the expandingconfectioneryfood products sector, which demands higher sugar inputs.
Egyptian sugar market drivers
Favourable government policies supporting the sugar industry
The government of Egypt has implemented various forms of support to bolster the sugar industry. These include production incentives and price subsidies aimed at ensuring the availability and affordability of sugar for the population.One significant initiative is the Egypt Future Developmental Project, launched in January 2022. This project focuses on producing strategic commodities, including sugar beets, in the New Delta extension of Dabaa in the northwest. A total area of 35,000 feddans (14,700 hectares) has been allocated for sugar beet cultivation under this project.
Price subsidies are also provided, with refined sugar being offered to food subsidy beneficiaries at prices below the international market rates. For instance, one kilogram of sugar is provided at a subsidized price of 10 EGP ($0.30) per month. Additionally, families receive a monthly cash transfer of 200 EGP ($10.96),enabling them to afford sugar and other essential food items. Egyptian sugar production has seen an increase from 2.76 million tons in 2022/23 to 2.78 million tons in 2023/24.
This rise in demand is driven by factors such as population growth, which is estimated at 2.4 percent annually. With Egypt's population reaching approximately 106 million in 2022 and increasing by around 2 million people per year, the demand for sugar continues to escalate. Moreover, the expanding confectionary food products sector is further fueling the demand for sugar, necessitating higher inputs.
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Egypt Sugar Market is analyzed into the following segments:
By Form
- Sugar Cubes
- Granulated Sugar
- Powdered Sugar
- Sugar Syrup
By Mode Of Source
- Cane Sugar
- Beet Sugar
By Use
- Food and Beverages
- Pharmaceuticals
By Distribution Channel
- Online
- Offline
Table of Contents
1. INTRODUCTION
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
5. EGYPT SUGAR MARKET BY FORM
6. EGYPT SUGAR MARKET BY MODE OF SOURCE
7. EGYPT SUGAR MARKET BY USE
8. EGYPT SUGAR MARKET BY DISTRIBUTION CHANNEL
9. COMPETITIVE ENVIRONMENT AND ANALYSIS
10. COMPANY PROFILES
Companies Mentioned
- Wilmar International Ltd.
- Daqahlia Sugar & Refining Company
- Südzucker AG
- Canal Sugar
- Nile Sugar
- Al Khaleej Sugar
Methodology
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Table Information
Report Attribute | Details |
---|---|
No. of Pages | 76 |
Published | December 2024 |
Forecast Period | 2025 - 2030 |
Estimated Market Value ( USD | $ 5.43 Billion |
Forecasted Market Value ( USD | $ 6.35 Billion |
Compound Annual Growth Rate | 3.1% |
Regions Covered | Egypt |
No. of Companies Mentioned | 6 |