Egypt Sugar Market Size, Share, Opportunities, COVID-19 Impact, And Trends By Form (Granulated, Powdered, Syrup), By Source (Cane Sugar, Beet Sugar), By Use (Food And Beverage, Pharmaceuticals), And By Distribution Channel (Online, Offline) - Forecasts From 2022 To 2027

The Egypt Sugar Market is anticipated to expand at a CAGR of 2.80% over the course of the forecast period, from US$4.851 billion in 2020 to a total market value of US$5.886 billion in 2027.

Several soluble carbohydrates with a sweet flavor that are used in food are collectively referred to as sugar. Sugar has applications in both food and non-food industries. Sugar has a number of important applications in the food sector along with providing a sweet taste. It serves as a preserver and stops the growth of bacteria.

However, the younger population is switching to low-calorie sugar or artificial sweeteners, which could constrain the market in the region.

Consumption in the food industry to boost the sugar market in Egypt

Consumers are demanding more sugar these days, which is anticipated to contribute to the market's expansion in the country. This is because more people are consuming foods and beverages with added sugar. Additionally, consumers these days like brown sugar to white sugar, which will increase demand for brown sugar and boost the market's expansion. Major companies are also increasing their investment in product innovation and new product launches, which may help the market to even expand more in the country.

Key Developments:

• Feb 2019: The reorganization strategy for the sugar industry has been made concrete by the executive board of Südzucker AG. This comes after the sugar segment examination that was previously announced in light of the persistently challenging global market climate. The executive board of Südzucker AG hopes to ensure and strengthen the ongoing financial performance of the company by reducing the impact of the significant price variance in the worldwide markets on the sugar segment. In the ensuing years, the restructuring costs might total between 180 and 220 million euros, of which around 70 percent are connected to cash flow.

Product Offerings:

• Coconut palm sugar: Thai Roong Ruang Sugar Group produces coconut palm sugar of the highest calibre. Natural nutrition has been kept because it is made from all-natural components and does not use chemical coloring or bleaching. The delicate refined grain of the coconut palm sugar allows it to melt rapidly and has a delicious caramel aroma. Due to the fact that it is a natural substance, the color can range from light brown to dark brown. Coconut palm sugar is a delicious sweetener that can be used in both savory and sweet dishes. It comes in 650-gram canisters of different packing sizes (650g x 12 containers per pack)
• Candy sugar: Natural & Party Rock Sugar is a unique colorful experience that will improve the sweetness as well as the presentation of your favorite menu items. Perfect for cakes, ice cream, and nibbles, it creates the perfect decoration. Enjoy the full flavour of your preferred beverages, dishes, and desserts. With the greatest standards for hygiene and nutrient value preservation, this premium-grade sugar is made using the best strain of cane and natural crystallization procedures. For cakes and ice cream, it offers colorful, eye-catching toppings. Healthy meals like Chinese bird's nest or herbal soup can be made more flavorful. Excellent for iced or warm beverages like tea, coffee, cocktails, and herbal drinks. It is offered in 350 g. bag package sizes (350 g x 12 bags/carton).

Egypt Sugar Market Scope:

Segmentation

• By Form
  • Sugar Cubes
  • Granulated Sugar
  • Powdered Sugar
  • Sugar Syrup
• By Source
  • Cane Sugar
  • Beet Sugar
• By Use
  • Food and Beverage
  • Pharmaceuticals
• By Distribution Channel
  • Online
  • Offline