Food - Algeria

Algeria

Revenue in the Food market amounts to US$17.46bn in 2024. The market is expected to grow annually by 9.33% (CAGR 2024-2029).
The market's largest segment is the segment Confectionery & Snacks with a market volume of US$2.84bn 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$377.30 are generated in 2024.
In the Food market, 1.0% of total revenue will be generated through online sales by 2024.
In the Food market, volume is expected to amount to 5.86bn kg by 2029. The Food market is expected to show a volume growth of 2.0% in 2025.
The average volume per person in the Food market is expected to amount to 114.80kg 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 Algeria has been experiencing subdued growth, influenced by factors such as local production challenges, consumer purchasing power, and increasing competition in sub-markets such as Fruits & Nuts and Meat, Fish & Seafood. The convenience of online food services and the rising health consciousness among consumers are also shaping the market's growth trajectory. Despite these challenges, The Food market in Algeria has potential for growth, particularly in the sub-markets of Dairy Products & Eggs and Bread & Cereal Products.

Customer preferences: As the Algerian population becomes more health-conscious, there is a growing demand for healthier food options and sustainable sourcing practices in The Food market. This trend is driven by an increasing awareness of the environmental impact of food production and a desire for better quality and more diverse food options. Furthermore, the rise of social media and influencer culture has also influenced consumer preferences, with a growing interest in plant-based diets and food products that are perceived as trendy and innovative.

Trends in the market: In Algeria, The Food market is experiencing a rise in demand for organic and locally sourced products, driven by consumer preferences for healthier and more sustainable options. This trend is expected to continue as more consumers become aware of the benefits of organic food and the negative impact of industrial agriculture on the environment. This shift towards organic and local food production has implications for industry stakeholders, as they will need to adapt their supply chains and marketing strategies to meet the changing consumer demands. Additionally, there is a growing trend of online food delivery services, providing convenience and accessibility for consumers. This trend is expected to continue to grow, with potential implications for traditional brick and mortar food markets.

Local special circumstances: In Algeria, The Food market is heavily influenced by its geographical location as a Mediterranean country with a diverse landscape and climate. This has led to a rich and varied cuisine, with influences from Arabic, French, and Berber cultures. Additionally, the country has strict regulations on food imports, which has resulted in a strong focus on locally sourced ingredients and traditional cooking methods. These unique factors contribute to the dynamic and authentic nature of Algeria's food market, making it a must-visit destination for food enthusiasts.

Underlying macroeconomic factors: The Food market in Algeria is significantly impacted by macroeconomic factors such as the country's economic health, global economic trends, fiscal policies, and other financial indicators. Algeria's economy heavily relies on food imports, making it vulnerable to fluctuations in global food prices. The country's national economic health, including its GDP and inflation rates, also have a direct impact on the purchasing power of its citizens and, consequently, the demand for food products. Additionally, fiscal policies, such as taxes and subsidies, influence the cost of food production and can affect market performance. Overall, a stable and growing economy, coupled with favorable fiscal policies, can result in a thriving food market in Algeria.

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.