Bread - Algeria | Statista Market Forecast

Bread - Algeria

Algeria

Highlights

Revenue in the Bread market amounts to US$831.90m in 2024. The market is expected to grow annually by 9.37% (CAGR 2024-2029).
In global comparison, most revenue is generated China (US$80bn in 2024).
In relation to total population figures, per person revenues of US$17.98 are generated in 2024.
In the Bread market, volume is expected to amount to 445.50m kg by 2029. The Bread market is expected to show a volume growth of 1.4% in 2025.0.
The average volume per person in the Bread market is expected to amount to 9.1kg in 2024.

Key regions:

Market definitionIn-Scope/Out-of-scopeMarket structureMethodology

The Bread Market in Algeria is experiencing minimal growth due to various factors such as limited access to digital technologies, low health awareness among consumers, and traditional food preferences. These factors are impacting the growth rate of the market, hindering its potential for significant expansion.

Customer preferences: As consumers become more health-conscious, there is a growing demand for bread products made from natural and organic ingredients. This trend is driven by a cultural preference for traditional, minimally processed foods and a desire for transparency in food production. Additionally, the rise in health-consciousness among younger generations has led to an increase in demand for gluten-free and low-carb bread options, reflecting evolving lifestyle factors and dietary choices.

Trends in the market: In Algeria, the Bread Market within the Bread & Cereal Products Market is experiencing a shift towards healthier options, with a growing demand for whole grain and gluten-free bread. This trend is driven by a rise in health awareness and a desire for more nutritious food products. Additionally, there is a growing trend of online grocery shopping, which is expected to further drive the growth of the Bread Market. This presents opportunities for industry stakeholders to expand their offerings and tap into the e-commerce market. However, it also poses challenges in terms of delivery logistics and ensuring product quality. As the digital landscape continues to evolve in Algeria, it is crucial for industry players to stay ahead of the curve and adapt to changing consumer preferences.

Local special circumstances: In Algeria, the Bread Market of the Bread & Cereal Products Market within The Food market is heavily influenced by the country's climate and geography. The hot and dry climate makes it difficult to grow wheat, the primary ingredient in bread, leading to a heavy reliance on imports. Additionally, cultural preferences for flatbread over sliced bread also impact the market. The regulatory environment also plays a role, with government subsidies and price controls affecting the availability and affordability of bread for the local population.

Underlying macroeconomic factors: The Bread Market of the Bread & Cereal Products Market within The Food market in Algeria is heavily influenced by macroeconomic factors such as consumer purchasing power, inflation rates, and government policies. The country's economic growth and stability play a significant role in the performance of the bread market. With a rapidly growing population and increasing urbanization, there is a high demand for affordable and convenient food options, which has contributed to the growth of the bread market. Additionally, government initiatives to promote food security and support local producers have also had a positive impact on the market. However, challenges such as fluctuations in commodity prices and currency exchange rates can affect the market's growth in Algeria.

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.