Egypt’s demographic profile remains a key driver for consumption and economic growth

Egypt is the most populous country in the Arab world, with more than 83 million residents, and based on United Nations projections is likely to add 1 million-2 million new inhabitants each year at least the next 20 years.  Egypt has a growing middle class and is experiencing increasing urbanization (currently about 43% of its total population lives in urban areas). Egypt has one of the largest consumer markets of the Middle East and North Africa (MENA).

The Egyptian oils and fats industry draws its growth potential from an attractive per capita consumption amid a large and fast growing population. However, current social unrest in the country is likely to have a negative impact on the growth in short run, but the long term fundamentals remain intact and demand for oils and fats in Egypt will continue to rise in line with the fast growing population giving palm oil & its derivatives the opportunity to grow based on the overall demand which is driven by social and demographic factors.