With an estimated 92 million citizens and one of the world’s fastest growing populations, the demand for food products will continue to grow. Egypt’s retail food market overviewDespite the immediate inflationary pressures, the overall purchasing power is expected to increase, and with it, the ability to purchase imported food products. The report classified Egypt’s food retail sector into three main segmentsBy the end of 2017, food sales at supermarkets and hypermarkets are expected to have doubled from their 2011 levels. Finally, the traditional small grocery stores and markets that dominate the Egyptian retail scene comprise around 97% of total retail food establishments and 70% of total sales. Egypt’s food importsImported food products in the Egyptian retail market face heavy competition from domestic products.

Source: Daily News Egypt April 04, 2017 06:00 UTC