Market Forecast By Types (Pastilles, Jellies, Caramel & Toffees, Hard-Boiled Sweets, Medicated Confectionery, Mint, Gums, Others (marshmallows, nougat, lollipops, licorice, etc.)), By Packaging Types (Sachet, Box & Others), By Distribution Channels (Retail Stores, Online Stores & Others) and competitive landscape
Product Code: ETC002476 | Publication Date: Apr 2020 | Updated Date: Dec 2024 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
Algeria Sugar Confectionery market currently, in 2023, has witnessed an HHI of 8766, Which has increased slightly as compared to the HHI of 1674 in 2017. The market is moving towards Highly concentrated. Herfindahl index measures the competitiveness of exporting countries. The range lies from 0 to 10000, where a lower index number represents a larger number of players or exporting countries in the market while a large index number means fewer numbers of players or countries exporting in the market.
Report Name | Algeria Sugar Confectionery Market |
Forecast period | 2025-2031 |
CAGR | 4% |
Growing Sector | Food & Beverage |
The Algeria Sugar Confectionery Market report thoroughly covers the market by Types, Packaging Types, and Distribution Channels. The market report provides an unbiased and detailed analysis of the ongoing market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.
The Algeria Sugar Confectionery Market has been witnessing growth over the years and will continue to grow steadily in the coming years. This growth is driven by various factors such as urbanization, growing population, health consciousness, policies implemented by the government, and rise in disposable income of the people.
According to 6Wresearch, the Algeria Sugar Confectionery Market size is expected to grow at a significant CAGR of 4% during 2025-2031. With rapid urbanization and more people having a change in lifestyles, there is a shift towards convenience foods such as sugar confectionery. Moreover, with the rise in disposable income of the people, they are now able to afford high-quality and premium sugar confectionery products. The population of Algeria is growing, with the younger generation having more proportion. As the younger generation is more health conscious, hence there is a shift towards natural products including sugar confectionery. Furthermore, various policies have been implemented by the Algeria government to support the food industry, including investments in infrastructure and promoting local production. This has led to an increase in domestic production of sugar confectionery, driving the growth of the market.
The rising awareness about health and wellness has led to a decline in the consumption of sugar confectionery products. The market is also facing competition from substitutes. Moreover, the market is dominated by small and medium enterprises, which often face challenges in expanding their distribution networks. This limits the availability of these products in certain areas, hindering market growth.
The Algeria sugar confectionery market is a highly competitive industry with various local and international players. Some of the key players operating in the market include Mars Inc., Nestle SA, Mondelez International, Ferrero SpA, Perfetti Van Melle Group B.V., and Chupa Chups SA. These companies have a strong presence in the country and offer a wide range of products such as candies, gums, mints, chocolates, and toffees.
One initiative is the implementation of import tariffs on foreign sugar confectionery products. This measure aims to protect local producers from unfair competition and promote the consumption of locally-made products. Additionally, the Algerian government has also launched various campaigns to raise awareness among consumers about the benefits of consuming domestic sugar confectionery products. Moreover, the government has invested in modernizing and expanding production facilities for domestic confectionery manufacturers. This has led to increased efficiency and productivity and made them competitive in the global market. Furthermore, the government offers subsidies and incentives to small and medium-sized enterprises (SMEs) in the sugar confectionery industry.
The sugar confectionery market in Algeria is expected to witness steady growth in the forecast period. The rising disposable income and growing urbanization are driving the demand for sugar confectionery products in the country. Additionally, there is a growing demand for healthier options among consumers, leading to an increase in sales of sugar-free and natural ingredient-based confectionery products. With a large youth population and a booming tourism industry, there is also potential for innovation and diversification in the Algerian sugar confectionery market, leading to a wider range of products and flavours.
According to Ravi Bhandari, Research Head, 6Wresearch, the hard-boiled sweets segment is dominating the Algeria sugar confectionery market due to its popularity and widespread availability in retail stores.
In terms of packaging types, sachets are the most preferred packaging type in the Algeria sugar confectionery market among consumers due to their convenience and affordability.
Based on distribution channels, the retail stores segment will dominate the market in the coming years as they provide direct access to a wide range of products for consumers.
The report provides a detailed analysis of the following market segments:
1. Executive Summary |
2. Introduction |
2.1. Report Description |
2.2. Key Highlights |
2.3. Market Scope & Segmentation |
2.4. Research Methodology |
2.5. Assumptions |
3. Algeria Sugar Confectionery Market Overview |
3.1. Algeria Sugar Confectionery Market Revenues, 2021-2031F |
3.2. Algeria Sugar Confectionery Market – Industry Life Cycle |
3.3. Algeria Sugar Confectionery Market – Porter’s Five Forces |
3.4. Algeria Sugar Confectionery Market Revenue Share, By Packaging Types, 2021&2031F |
3.5. Algeria Sugar Confectionery Market Revenue Share, By Types, 2021&2031F |
3.6. Algeria Sugar Confectionery Market Revenue Share, By Distribution Channels, 2021&2031F |
3.7. Algeria Sugar Confectionery Market Revenue Share, By Regions, 2021&2031F |
4. Algeria Sugar Confectionery Market Dynamics |
4.1. Impact Analysis |
4.2. Market Drivers |
4.3. Market Restraints |
5. Algeria Sugar Confectionery Market Trends |
6. Algeria Sugar Confectionery Market Overview, By Packaging Types |
6.1. Algeria Sachet Packaging Sugar Confectionery Market Revenues, 2021-2031F |
6.2. Algeria Box Packaging Sugar Confectionery Market Revenues, 2021-2031F |
6.3. Algeria Others Packaging Sugar Confectionery Market Revenues, 2021-2031F |
7. Algeria Sugar Confectionery Market Overview, By Types |
7.1. Algeria Pastilles Sugar Confectionery Market Revenues, 2021-2031F |
7.2. Algeria Gums Sugar Confectionery Market Revenues, 2021-2031F |
7.3. Algeria Jellies Sugar Confectionery Market Revenues, 2021-2031F |
7.4. Algeria Caramel & Toffees Sugar Confectionery Market Revenues, 2021-2031F |
7.5. Algeria Hard-Boiled Sweets Sugar Confectionery Market Revenues, 2021-2031F |
7.6. Algeria Medicated Sugar Confectionery Market Revenues, 2021-2031F |
7.7. Algeria Mint Sugar Confectionery Market Revenues, 2021-2031F |
7.8. Algeria Other Sugar Confectionery Market Revenues, 2021-2031F |
8. Algeria Sugar Confectionery Market Overview, By Distribution Channels |
8.1. Algeria Sugar Confectionery Market Revenues, By Retail Stores, 2021-2031F |
8.2. Algeria Sugar Confectionery Market Revenues, By Online Stores, 2021-2031F |
8.3. Algeria Sugar Confectionery Market Revenues, By Other Distribution Channels, 2021-2031F |
9. Algeria Sugar Confectionery Market Overview, By Regions |
10. Algeria Sugar Confectionery Market Key Performance Indicators |
11. Algeria Sugar Confectionery Market Opportunity Assessment |
11.1. Algeria Sugar Confectionery Market Opportunity Assessment, By Packaging Types, 2031F |
11.2. Algeria Sugar Confectionery Market Opportunity Assessment, By Types, 2031F |
11.3. Algeria Sugar Confectionery Market Opportunity Assessment, By Distribution Channels, 2031F |
12. Algeria Sugar Confectionery Market Competitive Landscape |
12.1. Algeria Sugar Confectionery Market Revenue Share, By Company, 2024 |
12.2. Algeria Sugar Confectionery Market Competitive Benchmarking, By Technical Parameters |
13. Company Profiles |
14. Recommendations |
15. Disclaimer |