Egypt Rice Market Size

Egypt Rice Market Analysis

The Egypt Rice Market size is estimated at USD 1.95 billion in 2024, and is expected to reach USD 2.71 billion by 2029, growing at a CAGR of 6.88% during the forecast period (2024-2029).

• As a cereal grain, rice is the most widely consumed staple food for most of the human population. Rice is cultivated in more than 120 countries, with Egypt being the largest producer of rice in the Middle East. Rice is the primary agricultural commodity, with the third-highest worldwide production after maize and sugarcane.
• Egypt is the most important rice market in the North African region. Due to its available land base on the banks of the river Nile, the country produces most of the rice in North Africa. The Nile's waters are used extensively to irrigate rice crops. The North African region, led by Egypt, accounts for one-third of the rice demand in Africa. The majority of rice in Egypt is produced in lower Nile river areas. The country's rice supply is recorded at 60.9 kg paddy/per capita/per year.
• The increasing food and restaurant sector in Egypt is anticipated to promote market growth in the future. Likewise, continuous development in rice mill machinery and attractive packaging enhance product demand emerging in the country's economy. Furthermore, the rising demand for specialty rice varieties has increased the trade for long-grain rice, which in turn is driving market growth. Additionally, consumers' constantly changing lifestyles and food habits are accelerating the fast-food industry market, which is expected to drive significant market growth during the forecast period.