Food - Albania

Albania

Revenue in the Food market amounts to US$8.17bn in 2024. The market is expected to grow annually by 7.39% (CAGR 2024-2029).
The market's largest segment is the segment Meat with a market volume of US$1.81bn in 2024.
In global comparison, most revenue is generated in China (US$1,601bn in 2024).
In relation to total population figures, per person revenues of US$2,891.00 are generated in 2024.
In the Food market, 1.4% of total revenue will be generated through online sales by 2024.
In the Food market, volume is expected to amount to 2,054.00m kg by 2029. The Food market is expected to show a volume growth of 4.0% in 2025.
The average volume per person in the Food market is expected to amount to 623.50kg in 2024.

Key regions: United States, Canada, China, India, South Korea

Definition:

The food market covers all edible products that are bought and consumed for nutrient-based purposes. The market includes both fresh and processed foods.

Structure:

The market consists of 13 different markets:

The Dairy products & Eggs market covers animal products, such as milk, eggs and products made from mammal’s milk and non-animal products, such as milk substitutes. This market is divided into six subsegments that include milk, milk substitutes, yogurt, cheese, eggs and other dairy products and eggs.
The Meat market covers animal products, such as pork, poultry, and free-from meat products, such as meat substitutes. This market is divided into three submarkets: fresh meat, processed meat, and meat substitutes.
The Fish & Seafood market covers products made from fish and seafood. This market is divided into three submarkets: fresh fish, fresh seafood, and processed fish & seafood.
Fruits & Nuts cover edible fruits and nuts. This market is divided into three submarkets: fresh fruits, processed & frozen fruits, and nuts.
The Vegetables market covers edible plants. This market is divided into two submarkets: fresh vegetables, processed & frozen vegetables.
The Bread & Cereal products market covers baked goods made from dough. Dough is made using flour, water, a leavening agent, and other optional ingredients. This market also covers products made from cereals that are usually used as part of a main meal. This market is divided into five submarkets: bread, pasta, rice, breakfast cereals and other cereal products.
The Oils and Fats market covers both edible oils and fats made from animals and plants. This market is divided into four submarkets: butter, margarine, edible oils, and other oils & fats.
The Sauces and Spices market covers additional ingredients used during the food preparation process and is divided into three submarkets: tomato ketchup, other sauces, and spices & culinary herbs.
The Convenience food market covers prepared food and meals that require little effort to prepare. This market is divided into two subsegments, soups and ready-to-eat meals.
The Spreads and Sweeteners market covers spreads and ingredients added to food or beverages to give it a sweet flavor. This market is divided into two subsegments, spreads and sweeteners.
The Confectionery & Snacks market covers sweet, savory, and salty food. This market is divided into two subsegments, confectionery and snacks.
The Baby food market covers food that is only meant to be consumed by babies and small children.
The Pet food market covers food that is intended for pet use only.

Additional Information:

The market comprises revenue and average revenue per capita, volume and average volume per capita, price per unit (unit refers to kilogram), and sales channels. The market encompasses retail sales through both online and offline sales channels to private end customers (B2C). The market only covers at-home consumption; out-of-home consumption is not included. The out-of-home revenue data is only shown as a separate box at the market level.

For more information on the displayed data, click the info button on the right side of each box.

Market

Region

Region comparison

Currency

Analyst Opinion

The Food market in Albania has seen minimal growth due to a combination of factors including low consumer awareness, limited access to digital technologies, and a lack of convenience in online food services. However, the market is expected to gradually grow as more consumers become health conscious and demand for healthier options, such as fruits and vegetables, increases. Additionally, the introduction of new products such as dairy alternatives and plant-based meats may also drive market growth.

Customer preferences: Consumers in Albania are increasingly embracing convenience and efficiency in their food shopping habits. This has led to a rise in demand for online grocery delivery services and meal kit subscriptions. Additionally, there has been a shift towards healthier and more sustainable food choices, with a growing interest in organic and locally-sourced products. This trend is influenced by a growing awareness of the environmental impact of food production and a desire for healthier lifestyles. As a result, there is a growing market for eco-friendly and health-focused food options in Albania.

Trends in the market: In Albania, The Food market is experiencing a surge in online food delivery services, with more consumers opting for the convenience and safety of ordering food from home. This trend is expected to continue as the country recovers from the COVID-19 pandemic, providing opportunities for digitalization and innovation in the food industry. Additionally, there is a growing trend of using locally-sourced and organic ingredients in food products, catering to the increasing demand for healthy and sustainable options. This trend highlights the importance of sustainability and transparency for industry stakeholders, who may need to adapt their sourcing and production methods to meet consumer preferences. Furthermore, there is a potential for collaborations between local farmers and food businesses to support the development of a thriving and sustainable food market in Albania.

Local special circumstances: In Albania, The Food market is heavily influenced by its geographical location in the Balkans, as well as its close ties to Mediterranean cuisine. This results in a unique blend of traditional dishes with Italian and Greek influences, creating a diverse and flavorful food scene. Additionally, the country's recent transition to a market economy has led to an increase in foreign investment, leading to the introduction of new and innovative food products and services. Furthermore, Albania's food market is heavily regulated, with strict food safety standards that ensure the quality and safety of products. This has had a positive impact on consumer confidence, contributing to the growth and stability of the market.

Underlying macroeconomic factors: The Food market in Albania is heavily influenced by macroeconomic factors such as the country's national economic health and fiscal policies. In recent years, Albania has seen significant economic growth, with a strong focus on agriculture and food production. This has led to an increase in disposable income and consumer spending, driving demand for a variety of food products. Additionally, global economic trends, such as increasing demand for organic and sustainable food options, have also impacted the market in Albania. As a result, there is a growing opportunity for companies to invest in the country's food market and cater to the changing preferences of consumers. However, it is important to consider factors such as inflation and currency fluctuations, as they can have a significant impact on the market's performance.

Methodology

Data coverage:

The data encompasses B2C enterprises. Figures are based on the total consumer spending on food, which comprises all private household spending on food that is meant for at-home consumption (out-of-home consumption is not accounted for).

Modeling approach:

Market sizes are determined through a top-down approach, building on specific predefined factors for each market segment. As a basis for evaluating markets, we use resources from the Statista platform as well as in-house market research, national statistical offices, international institutions, trade associations, companies, the trade press, and the experience of our analysts. In addition, we use relevant key market indicators and data from country-specific associations, such as GDP, consumer spending, and consumer price index. This data helps us estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the relevant market. For example, the exponential trend smoothing is well suited for forecasting the Food market with a projected steady growth. The main drivers are GDP per capita and consumer spending per capita.

Additional notes:

The data is modeled using current exchange rates. The impact of the COVID-19 pandemic and the Russia-Ukraine war are considered at a country-specific level. The market is updated twice a year.