Dublin, Aug. 02, 2024 (GLOBE NEWSWIRE) -- The "Egypt Probiotics Market - Forecasts from 2024 to 2029" report has been added to ResearchAndMarkets.com's offering.
Egypt witnesses a robust growth in its probiotics market, as new forecasts suggest a substantial increase in the coming years. The market is projected to reach US$225.741 million by 2029 from US$132.042 million in 2022, marking a compound annual growth rate of 7.82%. This upsurge is attributed to the expanded awareness of the health benefits associated with probiotics and the escalating demand for these beneficial bacteria among both human and animal populations in the region.
The market's advancement is significantly driven by strategic partnerships and agreements. Such collaborative efforts between key players are anticipated to deliver considerable growth and foster broader distribution networks within the Egyptian market. The focus is directed towards beneficial microorganisms that aid in enhancing overall health and addressing various medical conditions.
Demographic Changes and Product Innovation
Egypt is experiencing demographic shifts that are expected to increase demand for probiotics. An aging population is likely to contribute to rising health concerns, where probiotics can play a preventive and therapeutic role. Companies are responding to these demographic changes and heightened consumer awareness by introducing novel probiotic products that cater to both general health maintenance and treatment of specific health issues.
Probiotics in Animal Feed Sector
The application of probiotics in the animal feed sector signifies a parallel market trajectory. As probiotics contribute to better health and performance of livestock, the industry is witnessing a surge in demand. This increase is partly due to a global trend of reducing antibiotic use in animal husbandry in favor of probiotics that promote gut health and resilience against digestive diseases.
Impact of Economic Factors
Current economic factors, including the rise in feed prices and currency devaluation, influence market dynamics in the probiotics sector in Egypt. These factors affect production costs and consumption patterns, potentially leading to higher prices for end consumers. However, import and production statistics show resilience in the face vital market challenges.
Noteworthy Market Developments
The market has seen substantial milestones with new product introductions and advancements designed to optimize animal nutrition and health. Such developments are poised to enhance the reputation of companies within the ruminant sector and expand the accessibility of probiotic products across the Middle East region.
Market Segmentation Overview
Segmentation analysis indicates that the market is divided according to type, form, application, and end-user, with certain segments anticipated to perform particularly well. Probiotics are integrated into various applications ranging from functional foods and beverages to dietary supplements and animal feed; a diversity that underscores the adaptability and growth potential of the probiotic market in Egypt.
Egypt's probiotics market continues to thrive, presenting opportunities for health and nutrition advancements for both human and animal populations. The intersection of economic, demographic, and technological factors coalesce to generate a promising outlook for market expansion and product development through 2029.
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 76 |
| Forecast Period | 2022 - 2029 |
| Estimated Market Value (USD) in 2022 | $132.04 Million |
| Forecasted Market Value (USD) by 2029 | $225.74 Million |
| Compound Annual Growth Rate | 7.8% |
| Regions Covered | Egypt |
Companies Featured
- SEKEM
- Sandoz Group AG
- Danone
- Nestlé S.A.
- NOW Foods – Egypt
- DSM
For more information about this report visit https://www.researchandmarkets.com/r/cwqhoa
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