Egypt's foodtech market saw significant growth, with the 2024 GMV reaching $517.3 million, a substantial increase from $74 million in 2020.
The surge in the online food delivery market in Egypt was almost 7 times between 2020 and 2024, mainly driven by the adoption of app-based ordering in Cairo and Alexandria.
Paymob Integrations processed $1.2 billion in QR-based restaurant transactions, with 85% of Talabat's orders in Egypt settled without cash.
Key players like Talabat and Elmenus are highlighted for their dominance in scale and differentiation through content-rich discovery and lower delivery fees respectively, shaping the foodtech landscape in Egypt.