Algeria Honey Market Set to Reach Valuation of US$ 95.63 Million by 2033 | Glass Jar Packaging is Taking Swift Lead in the Market Says Astute Analytica
Globenewswire·2025-01-10 13:30

Market Overview - Algeria's honey market is projected to reach a valuation of US$ 95.63 million by 2033, growing from US$ 55.21 million in 2024, at a CAGR of 6.39% during the forecast period from 2025 to 2033 [2][5] - The market is characterized by a dynamic network of over 13,000 registered beekeepers and a diverse range of honey types, with at least 12 distinct regional varieties recognized [3][4] Production and Supply - The Kabylie region produces approximately 920 metric tons of honey annually, with Acacia and Eucalyptus varieties being particularly sought after [3] - In the first half of 2023, local packaging companies produced around 2 million glass jars for honey preservation, indicating rising demand for durable packaging [3] - Recent expansions in modern extraction facilities, with 28 upgrades reported, have improved production efficiency in key provinces [3] Consumer Trends - Local brands like Apiculture El Djazair and Miel Gourmand are refining their methods to meet increasing consumer interest, with Miel Gourmand launching three new product lines in late 2023 [4] - The food and beverage sector remains the largest consumer of honey, with over 12 pastry chains incorporating honey into their menus, requiring about 900 kilograms weekly [15] - There is a growing trend towards honey-based skincare products, with over 145 new honey-infused items launched in 2023 [4] Packaging and Distribution - Glass jars have emerged as the preferred packaging option, with over 3 million jars produced by early 2024, valued for their non-reactive properties and visual appeal [12][13] - The distribution landscape is adapting, with hypermarkets and supermarkets accounting for 54.7% of sales channels [5] Product Segmentation - The market is segmented by product type, with natural/organic honey making up 68.67% of the market, and Acacia honey representing 28.60% of the total [5] - Processed honey is gaining traction, with 440 distinct processed-honey product lines available in retail as of March 2024 [8] Key Drivers and Challenges - Key drivers include an expanding urban middle class seeking authentic flavors and the growth of online platforms promoting artisanal honey [5][7] - Challenges include climate-induced variations affecting floral sources and the risk of adulteration impacting consumer trust [7]

Algeria Honey Market Set to Reach Valuation of US$ 95.63 Million by 2033 | Glass Jar Packaging is Taking Swift Lead in the Market Says Astute Analytica - Reportify