Market Size of Egypt Tobacco Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 7.16 % |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
Egypt Tobacco Market Analysis
The Egyptian Tobacco Market was valued at USD 7,608 million for the current year and is projected to grow at a CAGR of 7.16% over the next five years.
Changing lifestyles, continuous product innovation in terms of flavor, size, ingredients, nicotine level, and consumers' belief that smoking reduces stress and anxiety are some of the major factors propelling the market's growth. Additionally, factors, such as consumer knowledge and an increase in awareness of products and services, through social media, like Facebook and other sources, coupled with the advent of digital media, are educating consumers about the benefits of low tar, low nicotine, organic, and smokeless products. This, in turn, drives the demand for e-cigarettes and other advanced tobacco products.
Nevertheless, the traditional usage of tobacco, like cigarettes, cigars, and others, and increasing penetration of organized retail outlets are opening space for new products in tobacco product types. In the country, the consumption of cigarettes by 15-year-olds or older is increasing steadily, which aids in the growth of tobacco product sales. According to the World Bank, in 2021, smoking prevalence refers to the percentage of men and women ages 15 and older who smoke a tobacco product every day or every other day, around 24.30%. Furthermore, over the past few years, there has been rising awareness regarding health hazards associated with tobacco usage, which makes the market more dynamic for product innovation.
