Spreads - Algeria | Statista Market Forecast

Revenue in the Spreads market amounts to US$124.90m in 2024. The market is expected to grow annually by 9.84% (CAGR 2024-2029).
In global comparison, most revenue is generated China (US$19bn in 2024).
In relation to total population figures, per person revenues of US$2.70 are generated in 2024.
In the Spreads market, volume is expected to amount to 35.65m kg by 2029. The Spreads market is expected to show a volume growth of 1.7% in 2025.0.
The average volume per person in the Spreads market is expected to amount to 0.7kg in 2024.

Definition:

The Spreads market covers food products that are intended to be spread over other foods, such as bread. Spreads typically have a semi-solid or creamy texture and are available in a wide range of flavors, such as jam, marmalade, and peanut butter.

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.

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Jams and marmalades
Chocolate spreads
Peanut butter

Other bread spreads, such as cream cheese
Honey
Compotes
Out-of-home consumption

The Spreads Market in Algeria has seen a slow growth rate due to various factors such as low consumer awareness, limited availability of online services, and a preference for traditional spreads like jams and marmalades. However, there is potential for growth with the rising popularity of chocolate spreads and peanut butter, as well as increasing adoption of digital technologies in The Food market. With a focus on convenience and health awareness, the Spreads Market in Algeria is expected to experience moderate growth in the coming years.

Customer preferences: As Algerian consumers become more health-conscious, there has been a noticeable shift towards natural and organic spreads in the Spreads Market of the Spreads & Sweeteners Market within The Food market. This trend is influenced by the growing awareness of the benefits of natural ingredients and the desire for clean label products. Additionally, with an increasing number of working women and busy lifestyles, there is a rising demand for convenient and healthy options, such as spreads with no added sugar or preservatives.

Trends in the market: In Algeria, the Spreads & Sweeteners Market within The Food market is experiencing a shift towards healthier options, driven by an increasing health consciousness among consumers. This has led to a rise in demand for natural and organic spreads and sweeteners, as well as alternative options such as sugar-free and low glycemic index products. This trend is expected to continue in the coming years, with a focus on clean label and sustainable ingredients. Industry stakeholders will need to adapt their products and marketing strategies to cater to this growing trend and stay competitive in the market.

Local special circumstances: In Algeria, the Spreads & Sweeteners Market within The Food market is heavily influenced by the country's strong coffee culture, with spreads and sweeteners being popular additions to traditional coffee drinks. Additionally, the country's diverse population and regional cuisines contribute to the demand for a variety of spreads and sweeteners, such as honey, date syrup, and nut butters. The market is also affected by government regulations, particularly in terms of food safety and labeling, which can impact the availability and affordability of certain products.

Underlying macroeconomic factors: The Spreads Market of the Spreads & Sweeteners Market within The Food market in Algeria is influenced by macroeconomic factors such as consumer spending, government policies, and trade agreements. Algeria's growing economy and rising disposable income have resulted in increased consumer spending, driving demand for spreads and sweeteners. Additionally, the government's focus on improving food security and promoting domestic production has created opportunities for suppliers in the market. Furthermore, Algeria's participation in regional trade agreements, such as the African Continental Free Trade Area, has opened up the market for international players, leading to increased competition and innovation.

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.