Egypt Plant Protein Market Size, Share, Opportunities, COVID-19 Impact, And Trends By Source (Pea, Rapeseed, Soy, Hempseed, Others), By Form (Protein Concentrates, Protein Isolates, Protein Hydrolysate), By Application (Dietary Supplement, Food and Beverages, Pharmaceuticals, Animal Feed), And By Distribution Channel (Online, Offline) - Forecasts From 2022 To 2027

The Egypt plant protein market is projected to witness a compound annual growth rate of 9.19% to grow to US$93.794 million by 2027, from US$50.702 million in 2020.

Egypt has been witnessing a rising trend in the consumption of plant-based diets as the awareness regarding the health benefits of a plant-based diet has been increasing in the country. This growing trend is anticipated to boost the demand for plant-based protein as well and propel market growth in the coming years. Furthermore, Egypt is one of the leading producers of green pea globally. As per the report titled "Plant-Based Proteins" by the Asian Development Bank, Egypt ranks fifth globally in the production of green pea and produced 190 thousand metric tonnes of green pea in 2018. The rising inclusion of green pea in food and the rising consumption are expected to propel the growth of the plant protein market in Egypt during the forecast period. Moreover, the rising prevalence of various chronic diseases in Egypt, such as diabetes, high blood pressure, and cardiovascular diseases, among others, is prompting consumers to pay more heed to their diets and eat healthier. This is further expected to boost the demand for plant protein in Egypt during the assessment period.

Raising Awareness of Health Benefits of Plant-Based Diet

The Egypt plant protein market is expected to surge in the coming years due to the growing popularity of a plant-based diet in the country as more and more people are now getting aware of its health benefits. The urban population has been increasing in the country over the years. The urban population in the country has increased from 35.503 million in 2010 to 43.782 million in 2020. This is supplementing the growing awareness among the Egyptians regards the nutritional advantages of various foods. Furthermore, the trend of veganism has been on the rise among the elite class in the county, especially in Cairo, the capital and the largest city of Egypt. With the rising penetration of the internet and increased use of smartphones, tablets, and laptops, more and more people, especially the young population, are getting influenced by the global trends, which are anticipated to have a positive impact on the plant protein market in Egypt. Moreover, many restaurants in Egypt are now catering to the plant-based diet. El Torr Restaurants is one such chain of restaurants providing vegan-friendly food in the county. The growing number of such restaurants is also anticipated to boost the growth of the Egypt plant protein market in the coming years.

COVID-19 Impact on Egypt Plant Protein Market

The outbreak of the SARS-COVID-19 virus had a positive impact on the market. There has been a significant rise in the demand for alternative or plant-based proteins in the country in 2020. The disruption of the country’s food supply chain had been projected as one of the significant factors in the surge in demand for alternative proteins. There has been a significant trend in the number of people opting for healthy and nutritious food and thereby moving towards plant-based proteins. Despite the meat-dominated nation, there has been a rise in new players adopting a hybrid approach to novel plant-based protein products. Moreover, with the news of the SARS COVID-19 virus having zoonotic origins, there has been an acceleration in demand for plant-based solutions. With the adoption of increasing social preferences, growth in the online sector, and the rising power of social media promoting the use of plant-based and meat alternative solutions, the market has accelerated at a significant rate. With these developments, the market is expected to maintain a significant surge in growth during the forecast period. 

Egypt Plant Protein Market Scope:

Key Market Segments

• By Source
  • Pea
  • Rapeseed
  • Soy
  • Hempseed
  • Others
• By Form
  • Protein Concentrates
  • Protein Isolates
  • Protein Hydrolysate
• By Application
  • Dietary Supplement
  • Food and Beverages
  • Pharmaceuticals
  • Animal Feed
• By Distribution Channel
  • Online
  • Offline

ADM

Cargill

DuPont de Nemours, Inc.

Ingredion Incorporated

NOW Foods

Wilmar International Ltd