BUSINESS OPPORTUNITY

Business Opportunity for Dairy Products and Eggs in Egypt

Business Opportunity for Dairy Products and Eggs in Egypt

Introduction

Today, Egypt is 'The Oyster' of the global dairy industry. It boasts possibilities galore to entrepreneurs worldwide, who desire to capitalize on one of the world's biggest and fastest growing markets for milk and milk products. A bagful of 'pearls' awaits the worldwide dairy processor in Egypt. The Egyptian dairy industry is quickly growing, seeking to hold stride with the galloping progress round the world. As he expands his overseas procedures to Egypt numerous profitable choices await him. He may move technology, signal junction projects or use Egypt as a locating center for regional exports. The liberalization of the Egyptian economy beckons to MNC's and foreign investors alike. (Bromwich 2005)

Discussion

With an approximated 86.8 million tons of yearly milk production from animals organized by almost 70 million farmers, Egypt is the top-most milk producing country in the world. The mean yearly growth is about 5.6%. The per capita milk accessibility is about 214 grams per day as contrary to the recommended requirement of 250 grams. Milk is one of the most significant pieces of widespread vegetarian diet of Egyptian people. With fast industrialization, economic growth and 250 million promise economically powerful household buyers of milk and milk products; there is a very powerful promise for future growth of the industry. (Calnan 2007)

Impressive work has been finished under the guidance of the National Dairy Development Board under “ Operation Flood “ programmers for coordinating dairy production, processing and trading of milk and milk products by the cooperative dairy part next the well renowned "Amul" model- a three tiered cooperative structure of town grade dairy cooperative societies, a locality grade cooperative milk amalgamation and a state grade cooperative milk trading federation where the profits are distributed ...