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The Food market in Algeria is projected to grow by 9.11% (2024-2029) resulting in a market volume of US$27.03bn in 2029.
Algeria food and beverage market size is poised to report strong growth rate over the forecast period due to increasing population, rising disposable incomes, coupled with changing trends and product innovations.
22 Σεπ 2024 · Algeria’s food industry is on the rise, driven by innovation, government support, and a passionate diaspora that promotes its products with pride. But beyond the economic prospects, there’s a deeper, historical connection to this success.
Algeria is the third largest U.S. export market for processed foods in North Africa. U.S. exports of processed foods to Algeria reached an all-time high of US$77.1 million in 2021. In 2022 those exports dropped 87% to US$10 million, a loss of US$67.1 million which adds to the U.S. trade deficit in food and agricultural products.
Key Highlights of the Report: Algeria Food And Beverages Market Outlook. Market Size of Algeria Food And Beverages Market, 2023. Forecast of Algeria Food And Beverages Market, 2030. Historical Data and Forecast of Algeria Food And Beverages Revenues & Volume for the Period 2020 - 2030. Algeria Food And Beverages Market Trend Evolution.
BMI’s Algeria Food & Drink Report provides industry professionals and strategists, sector analysts, business investors, trade associations and regulatory bodies with independent forecasts and competitive intelligence on the food and drink industry and the mass grocery retail market.
Food : The food market revenues amount to EUR 10,775 million in 2022. The largest market segment is confectionery and snacks, with a market volume of €2,402 million in 2022. In the food market, 1.8% of total revenue will be generated by online sales by 2022. Beverage : The revenue of the soft drinks market amounts to €1,886 million in 2022.
