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Confectionery & Snacks - Algeria

Algeria
  • Revenue in the Confectionery & Snacks market amounts to US$2.84bn in 2024. The market is expected to grow annually by 7.76% (CAGR 2024-2029).
  • In global comparison, most revenue is generated United States (US$135bn in 2024).
  • In relation to total population figures, per person revenues of US$61.37 are generated in 2024.
  • In the Confectionery & Snacks market, volume is expected to amount to 576.80m kg by 2029. The Confectionery & Snacks market is expected to show a volume growth of 2.6% in 2025.0.
  • The average volume per person in the Confectionery & Snacks market is expected to amount to 11.3kg in 2024.

Definition:

The Confectionery & Snacks market includes both confectionery and snacks subsegments. Confectionery is defined as foods with a relatively high sugar content, such as chocolate and chocolate products, sugar confectionery such as chewing gum, sweets, ice cream, preserved pastry goods and cakes. Snack Foods are typically eaten in between meals or as a quick bite.

Structure:

The market consists of two different submarkets:

  • The Confectionery market covers foods with a relatively high sugar content. This market is divided into four subsegments: chocolate confectionery, ice cream, preserved pastry goods and cakes and sugar confectionery.
  • The Snack Food market covers sweet, savory, and salty snacks. This market is divided into three submarkets: cookies and crackers, potato chips, tortilla chips, flips, and pretzels.

Additional Information:

The market comprises revenue and average revenue per capita, volume and average volume per capita, price per unit (unit refers to kilogram), 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.

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

In-Scope

  • Chocolate and sugar confectionery
  • Ice Cream
  • Cakes
  • Snack Food
  • Cookies and crackers

Out-Of-Scope

  • Chocolate/nut/nougat spreads
  • Peanut butter
  • Desserts
  • Out-of-home consumption
Confectionery & Snacks: market data & analysis - Cover

Market Insights report

Confectionery & Snacks: market data & analysis

Study Details

    Revenue

    Notes: Data was converted from local currencies using average exchange rates of the respective year.

    Most recent update: Sep 2024

    Source: Statista Market Insights

    Most recent update: Sep 2024

    Source: Statista Market Insights

    Volume

    Most recent update: Sep 2024

    Source: Statista Market Insights

    Most recent update: Sep 2024

    Source: Statista Market Insights

    Price

    Most recent update: Sep 2024

    Source: Statista Market Insights

    Sales Channels

    Most recent update: Nov 2024

    Source: Statista Market Insights

    Global Comparison

    Most recent update: Sep 2024

    Source: Statista Market Insights

    Analyst Opinion

    The Food market in Algeria is witnessing moderate growth in the Confectionery & Snacks sub-markets, fueled by factors such as increasing disposable income, growing urbanization, and shifting consumer preferences towards healthier snack options. However, the overall market growth is being impacted by factors such as economic instability, high import costs, and rising competition from domestic and international players. Despite these challenges, the Confectionery & Snacks Market in Algeria is expected to continue experiencing subdued growth in the coming years.

    Customer preferences:
    With the rise of health-consciousness among Algerian consumers, there is a growing demand for healthier snack options in the confectionery & snacks market. This has led to an increase in the availability of organic, gluten-free, and low-sugar snack options. Additionally, convenience and portability are becoming important factors driving snack purchases, as busy lifestyles and on-the-go consumption continue to be prevalent. As a result, snack brands are innovating and offering more convenient, single-serve and portion-controlled packaging options to cater to the evolving needs of consumers.

    Trends in the market:
    In Algeria, the Confectionery & Snacks Market within The Food market is experiencing a shift towards healthier and more natural options. This trend is driven by increasing health consciousness among consumers and the demand for clean label products. Furthermore, there is a growing preference for locally-sourced ingredients and flavors, as well as a rise in plant-based and gluten-free options. This trend is expected to continue, with industry players investing in research and development to offer innovative and healthier products to meet consumer demands. Additionally, there is a potential opportunity for small and medium-sized businesses to enter the market with niche and specialized offerings.

    Local special circumstances:
    In Algeria, the Confectionery & Snacks Market within The Food market is heavily influenced by the country's diverse cultural influences. With a large population of Arab and French consumers, there is a demand for both traditional and modern confectionery and snack products. Additionally, the country's geography, with its vast desert regions, presents unique challenges for distribution and transportation, impacting the availability and variety of products in different regions. Furthermore, Algeria's strict regulations on imported goods also play a significant role in shaping the market, with locally produced snacks and confectionery being preferred over foreign brands.

    Underlying macroeconomic factors:
    The Confectionery & Snacks Market in Algeria is heavily influenced by macroeconomic factors such as consumer spending, GDP growth, and government policies. The country's rising middle class and increasing disposable income levels have resulted in a growing demand for convenient and indulgent snacks. Moreover, government initiatives to promote local manufacturing and reduce reliance on imports are driving the growth of the confectionery and snacks market. Additionally, changing consumer preferences towards healthier snack options and increasing awareness about the negative health effects of excessive snacking are shaping the 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.

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    Confectionery & Snacks: market data & analysis - BackgroundConfectionery & Snacks: market data & analysis - Cover

    Key Market Indicators

    Notes: Based on data from IMF, World Bank, UN and Eurostat

    Most recent update: Sep 2024

    Source: Statista Market Insights

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