Delicious food places you shouldn't miss in Egypt - Investing in F&B industry!
The Egyptian food industry is one of the oldest in the country's economy and is distinguished by its substantial private ownership (95% of the sector's formal establishments are privately owned). In fact, the food and beverages industry in Egypt has gained a remarkable recognition in the last few years.
This remarkable recognition came during the quarantine as people spent a lot of times at home so they invested much in food and beverages. Additionally, the rise of the social media and food bloggers made a huge impact on this industry!
Food and Beverage industry
This industry includes restaurants, cafeterias, cafés, fast-food outlets, delis, food manufacturing operations, catering companies, food transportation services, and more. Work in this sector can include everything from packaging to preparing, moving, and serving food and drinks!
According to AmCham, The size of this industry in Egypt is anticipated to grow at a rapid rate during the span of 2022 to 2026 as a result of rising disposable incomes, population growth, and the introduction of new products and trends.
Check also: 5 investments opportunities in Egypt for 2023
Investing in F&B industry in Egypt
One of the most vital sectors of many economies around the world is the food and beverage sector. According to Egyptian statics, the market is expected to grow annually by 8.85%, from 2022 to 2027. Furthermore, the largest consumption of food & beverages is Confectionery & Snacks with a market volume of $33.63 in 2022!
The main trends in the global market are shifting consumer lifestyles and preferences, rising demand for organic food products, and altering buying and selling habits. Improved cold chain infrastructure and simplified manufacturing procedures are further fostering market expansion.
The number of eateries, fast-food chains, and food delivery services are growing, which improves consumer accessibility and fuels the food and beverage industry's rapid expansion. In addition, increasing consumer demand for organic, natural, and fresh foods as a result of growing health consciousness is the main factor anticipated to boost demand for the food and beverage market.
How is this industry doing in Egypt so far?
With a general outlook on the market, this industry is doing so well in Egypt as we can see a lot of restaurants, cafes, food trucks, and food apps opening in Egypt all the time and they all boom!
The boom happens as the primary factor influencing how Egypt's food and beverage companies formulate their strategies is the constantly changing consumer trends.
Moreover, consumer demand for processed and ready-to-eat foods has increased due to changing lifestyles, which is fueling Egypt's food and beverage market's expansion.
Food investors always listen to the consumers and what they want, they study the trends and the market very well so that they can provide Egyptians with what they need. That's why investing in this industry would never go wrong!
Additionally, Egypt's retail food industry generates USD 15 billion as the population's demand for food and beverages rises. Over the next five years, sources predict growth of 15-20%, driven by an increase in both contemporary retail stores and online retail platforms.
Traditional grocery stores are categorized as having control over the retail food industry in Egypt, and there are around 115,000 outlets here, accounting for 98% of all stores and 80% of all sales.
The Egyptian Chamber of Food Industries reports that the nation is home to more than 7,000 food manufacturing businesses.
Egyptians spend more than 30% of their income on food, and the country's population is expanding at a rate of about 2.3 to 2.5% annually. (The population as of today exceeds 105 million).
With that said, let's get to the juices.. Here’re some of restaurants that serve Egyptian food that you can’t miss!
Delicious food places you shouldn't miss in Egypt!
Daily Dose El Gouna
Up for the best cup of coffee and a delicious breakfast/brunch? Daily Dose is your go to...!
You'll be served tasty food and amazing coffee with the best view in El Gouna.
Tabali
If you're craving some local Egyptian breakfast you have to pay a visit to Tabali! Their oriental cuisine is out of this world, not to mention their falafels.
They always serve fresh local ingredients with that matches the experience. They have several locations such as in Arkan El Sheikh Zayed, Mall of Arabia, New Cairo, Rehab City, Heliopolis and Zamalek.
Qasr El Kababgi
In this place, you'll eat the best grilled meat and chicken in town that you'll make you addicted! You can find them in El Tagmoa and El Sheikh Zayed.
They have strong flavors that you can’t go wrong with; on top of that, their staff are super energetic, friendly and helpful.
Koshari Abou Tarek
Your go-to street food definitely has to be Koshari, even the most ravenous appetites are satisfied by this filling mixture of lentils, chickpeas, rice, macaroni, tomato sauce, and fried onions. If you're willing to get this mix you have to try Abou Tarek.
Abou Haidar
Abou Haidar serves the best Egyptian Shawarma ever, once you start eating one sandwich you can't stop! You can find in Heliopolis!
They serve their Shawarmas in buns, pitas bread or just larger buns.
Go check these delicious food out and let us know what's your favorite!
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