Egypt Cookware Market Outlook (2021-2027)
Market Forecast By Material Types (Stainless Steel, Aluminium, Others (Cast Iron, Etc.)), By Product Types (Pans (Fry Pans, Sauce Pans, Etc.), Pots, Others (Pressure Cooker, Oven Trays Etc.)), By Distribution Channels (Online, Offline), By Applications (Residential, Commercial), By Regions (Nile Valley And Delta, Eastern Desert, Western Desert, Sinai Peninsula) And Competitive Landscape
According to 6Wresearch, the Egypt Cookware Market size is projected to grow at a CAGR of 6.0% during 2021-2017F. The primary reason for growth in the Egypt Cookware industry can be attributed to the rapid urbanization and rising population. Moreover, with rising restaurants, cafes and food joints in the country, the demand for cookware products would augment from the commercial sector. Furthermore in 2021, 14 hotels will open doors in Egypt, among which 4 are already in the preopening phase. For 2022, another 14 hotel projects are due for completion, while 12 properties are already in pipeline for 2023, which would further boost the demand for cookware from commercial sector of the country.
The Egypt cookware market witnessed a decline in 2020 as a result of the Covid-19 pandemic. Egypt cookware market is highly dependent on manufacturing and import which got disrupted due to the movement restrictions imposed during the pandemic period. However, recovery is expected by 2022, on account of the Egypt’s government stimulus policies of $6.13 billion package (EGP 100 billion) to mitigate the economic impact of COVID-19.
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Market by Distribution Channels Analysis
In 2020, offline distribution channel acquired 95.4% revenue share in Egypt cookware market owing to the large retail sector present in the market along with the traditional trade and large format retailers. People generally prefer buying cookware from offline stores as it helps them in checking the quality of different cookware on the basis of design, size and quality physically.
Key Highlights of the Report
Egypt Cookware Market Overview
Egypt Cookware Market Outlook
Egypt Cookware Market Forecast
Value Chain and Ecosystem
Covid-19 Impact Analysis
Market Drivers and Restraints
Egypt Cookware Market Share, By Market Players
Egypt Cookware Market Trends
Historical Data and Forecast of Market Revenues, By Product Types, for the Period 2017-2027F
Historical Data and Forecast of Market Revenues, By Applications, for the Period 2017-2027F
Historical Data and Forecast of Market Revenues, By Distribution Channels, for the Period 2017-2027F
Historical Data and Forecast of Market Revenues, By Regions, for the Period 2017-2027F
Historical Data and Forecast of Egypt Cookware Market Revenues, for the Period 2017-2027F
Historical Data and Forecast of Market Revenues, By Material Types, for the Period 2017-2027F
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