Egypt Rice Market Size (2024 - 2029)

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).

Rice, a staple cereal grain, is the most widely consumed food for a significant portion of the global population. Cultivated in over 120 countries, Egypt stands out as the Middle East's largest rice producer. Globally, rice ranks as the third most produced agricultural commodity, trailing only maize and sugarcane. A report from the United States Department of Agriculture (USDA) forecasts a 5% increase in Egypt's milled rice production and harvested area for the 2023 season (October – September), compared to 2022 estimates. This increase is primarily driven by soaring market prices for both rough and milled rice, incentivizing farmers to expand their cultivation areas.

Egypt plays a pivotal role as North Africa's leading rice market. Utilizing its fertile lands along the Nile, Egypt dominates rice production in the region. The waters of the Nile are essential for irrigating these rice crops. Typically, the Ministry of Water Resources and Irrigation (MWRI) designates the Delta provinces for summer rice planting. While the 2023 planting decisions are still pending, it's anticipated that the 2022 designated areas will receive similar allotments. In 2022, the government approved rice cultivation over 1,074,200 feddans (~451,164 hectares). Farmers who venture beyond these sanctioned areas often face fines.

Rice farming in the Delta not only produces rice but also curbs seawater intrusion and protects the soil from salinization. Early maturing rice varieties, developed by the Agricultural Research Center (ARC), need only 9,000-10,000 cubic meters of water per hectare over their three-month growth. This is a significant reduction compared to the 14,000-15,000 cubic meters required for traditional varieties. With Egypt's food and restaurant sector expanding, the rice market shows promising growth. Innovations in rice milling machinery and attractive packaging are driving product demand. The rising appetite for specialty rice, particularly long-grain varieties, is fueling trade and market expansion. Additionally, changing consumer lifestyles and a growing fast-food industry indicate strong market growth in the years ahead.

Egypt Rice Industry Segmentation

Rice is a cereal grain and in its domesticated form is the staple food of over half of the world's population, particularly in Egypt. The Egyptian rice market is segmented by production analysis (volume), consumption analysis (value and volume), export analysis (value and volume), import analysis (value and volume), and price trend analysis. The report offers market estimation and forecast in value (USD) and volume (Metric Tons).