Agriculture in Egypt Market Size

Egypt Agriculture Market Analysis

The Agriculture in Egypt Market size is estimated at USD 5.20 billion in 2024, and is expected to reach USD 6.09 billion by 2029, growing at a CAGR of 3.20% during the forecast period (2024-2029).

• Agriculture is a key sector in the Egyptian economy. In 2021, it contributed 11.83% of the country's gross domestic product (GDP) and accounted for 28% of the total employment. Egypt aims to increase the gross domestic product (GDP) contribution of its agriculture sector to 12% by 2024, in addition to increasing agricultural production by 30% by 2024, according to the Minister of Planning and Economic Development.
• An increasing number of projects to ensure food security, government initiatives to boost domestic production, and a focus on sustainable and green farming are the factors driving the market. The Ministry of Agriculture and Land Reclamation (MALR) lead the 2020-2023 Agricultural Innovation Project (AIP). The initiative aims to promote innovations in technologies to improve several issues in agriculture, such as inefficient farming techniques that lower farm output and food production, poor post-harvest facilities, and marketing infrastructure. The focus on creating innovative solutions would increase income for small-scale farmers in the country.
• Some of the major crops grown in Egypt include sugar beet, sugarcane, wheat, maize, rice, tomato, potato, onion, orange, grapes, and dates. Sugarcane is the prominent crop produced in the country, with a production quantity of 14,913.5 thousand metric tons in 2020, according to the Food and Agriculture Organization (FAO). With the implementation of various business models, the country aims to fulfill the quality requirements of the product and seize profitable sales opportunities in domestic and export markets.