Egypt Retail Market (2024-2030) | Outlook, Analysis, Trends, Revenue, Industry, Size, Companies, Value, Growth, Forecast & Share

Egypt Retail Market Highlights

Report Name	Egypt Retail Market
Forecast Period	2024-2030
CAGR	4.8%
Growing Sector	Food & Beverages

Topics Covered in the Egypt Retail Market Report

Egypt Retail Market report thoroughly covers the market by product and by distribution channel. The market outlook report provides an unbiased and detailed analysis of the ongoing market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.

Egypt Retail Market Synopsis

Egypt has one of the largest and fastest-growing retail markets in Africa. With a massive population, Egypt offers a vast consumer base for retailers to tap into. The country also has a strong economic growth rate and a rapidly expanding middle class, making it an attractive destination for foreign investment in the retail sector. Egypt has seen a steady economic growth rate over the past few years. This has led to an increase in consumer spending, particularly on non-essential items.

According to 6Wresearch, the Egypt Retail Market size is projected to reach at a CAGR of 4.8% during the forecast period 2024-2030. The country has a large and rapidly growing population. With more and more people entering the workforce and earning disposable incomes, there is an increased demand for consumer goods and services. Egypt's urban population is expected to reach 60% by 2030, which means more people are moving to cities and creating a demand for modern retail formats. The Egyptian government has implemented several initiatives to boost the country's retail sector, such as reducing bureaucracy, simplifying business procedures, and incentivizing foreign investment. These are some major factors estimated to bolster the Egypt Retail Market growth in the coming years at a substantial rate. 

Government Initiatives Introduced in the Egypt Retail Market

The Egyptian government has introduced several initiatives to support the retail market's growth and stability. One significant step is the implementation of a new Value Added Tax (VAT) system, aimed at streamlining tax collection and enhancing the business environment for both local and foreign retailers. Additionally, the government has launched various digital transformation projects to modernize the retail sector, focusing on improving digital payments infrastructure and promoting e-commerce platforms. 

Key Players in the Egypt Retail Market

The Egypt retail market is a mix of local giants and international brands, offering a wide range of products and services to consumers. Some of the key players include Carrefour, Jumia Egypt, Talaat Moustafa Group and Mansour Group, which have made substantial investments in the retail infrastructure, from shopping malls to distribution networks.

Future Insights of the Egypt Retail Market

The Egypt retail industry is likely to secure a substantial growth, driven by the increasing consumer demand, technological advancements, and government support. E-commerce is expected to play a pivotal role in this expansion, with more consumers turning to online shopping for convenience and safety. Additionally, there is a significant opportunity for retailers to invest in omni-channel strategies, blending in-store experiences with online platforms to offer a seamless customer experience. 

Market Analysis by Product

According to Dhaval, Research Manager, 6Wresearch, the food and beverages segment is growing product category in the Egypt retail market. This can be attributed to the fact that food and essential items are always in demand, making it a resilient sector even during economic downturns. Additionally, with the rise of e-commerce platforms offering grocery delivery services.

Market Analysis by Distribution Channel

Based on the distribution channel, online is witnessing a massive growth, and dominating the Egypt Retail Market share. This growth trend within the online distribution channel points towards a significant shift in consumer shopping habits, prompted by the ease of accessibility, wider product selections, and the convenience of home delivery. 

Key attractiveness of the report

• 10 Years Market Numbers.
• Historical Data Starting from 2020 to 2023.
• Base Year: 2023.
• Forecast Data until 2030.
• Key Performance Indicators Impacting the Market.
• Major Upcoming Developments and Projects.

Key Highlights of the Report:

• Egypt Retail Market Outlook
• Market Size of Egypt Retail Market, 2023
• Forecast of Egypt Retail Market, 2030
• Historical Data and Forecast of Egypt Retail Revenues & Volume for the Period 2020 - 2030
• Egypt Retail Market Trend Evolution
• Egypt Retail Market Drivers and Challenges
• Egypt Retail Price Trends
• Egypt Retail Porter's Five Forces
• Egypt Retail Industry Life Cycle
• Historical Data and Forecast of Egypt Retail Market Revenues & Volume By Product for the Period 2020 - 2030
• Historical Data and Forecast of Egypt Retail Market Revenues & Volume By Food and Beverages for the Period 2020 - 2030
• Historical Data and Forecast of Egypt Retail Market Revenues & Volume By Personal and Household Care for the Period 2020 - 2030
• Historical Data and Forecast of Egypt Retail Market Revenues & Volume By Apparel for the Period 2020 - 2030
• Historical Data and Forecast of Egypt Retail Market Revenues & Volume By Footwear and Accessories for the Period 2020 - 2030
• Historical Data and Forecast of Egypt Retail Market Revenues & Volume By Furniture for the Period 2020 - 2030
• Historical Data and Forecast of Egypt Retail Market Revenues & Volume By Toys for the Period 2020 - 2030
• Historical Data and Forecast of Egypt Retail Market Revenues & Volume By Electronic and Household Appliances for the Period 2020 - 2030
• Historical Data and Forecast of Egypt Food and Beverages Retail Market Revenues & Volume By Other Products for the Period 2020 - 2030
• Historical Data and Forecast of Egypt Retail Market Revenues & Volume By Distribution Channel for the Period 2020 - 2030
• Historical Data and Forecast of Egypt Retail Market Revenues & Volume By Supermarkets/Hypermarkets for the Period 2020 - 2030
• Historical Data and Forecast of Egypt Retail Market Revenues & Volume By Convenience Stores for the Period 2020 - 2030
• Historical Data and Forecast of Egypt Retail Market Revenues & Volume By Department Stores for the Period 2020 - 2030
• Historical Data and Forecast of Egypt Retail Market Revenues & Volume By Specialty Stores for the Period 2020 - 2030
• Historical Data and Forecast of Egypt Retail Market Revenues & Volume By Online for the Period 2020 - 2030
• Historical Data and Forecast of Egypt Retail Market Revenues & Volume By Other Distribution Channels for the Period 2020 - 2030
• Egypt Retail Import Export Trade Statistics
• Market Opportunity Assessment By Product
• Market Opportunity Assessment By Distribution Channel
• Egypt Retail Top Companies Market Share
• Egypt Retail Competitive Benchmarking By Technical and Operational Parameters
• Egypt Retail Company Profiles
• Egypt Retail Key Strategic Recommendations

Market Covered

The report offers a comprehensive study of the subsequent market segments:

By Product

• Food And Beverages
• Personal And Household Care
• Apparel
• Footwear And Accessories
• Furniture
• Toys
• Electronic And Household Appliances
• Other Products

By Distribution Channel

• Supermarkets/Hypermarkets
• Convenience Stores
• Department Stores
• Specialty Stores
• Online
• Other Distribution Channels

Egypt Retail Market (2024-2030): FAQs