Cider, Perry & Rice Wine - Algeria

The Cider, Perry & Rice Wine market in Algeria has been experiencing significant growth in recent years.

Customer preferences: Algerian consumers are increasingly interested in trying new and different beverages, which has led to a growing demand for Cider, Perry & Rice Wine. These products offer a unique taste and are often seen as a refreshing alternative to traditional alcoholic beverages. Additionally, the younger generation in Algeria is more open to experimenting with different flavors and styles, further driving the demand for these products.

Trends in the market: One of the key trends in the Cider, Perry & Rice Wine market in Algeria is the introduction of new and innovative flavors. Manufacturers are constantly launching new variants to cater to the evolving tastes of consumers. Flavors such as apple, pear, and rice are popular choices among Algerian consumers, and companies are capitalizing on this demand by offering a wide range of options. Another trend in the market is the increasing availability of Cider, Perry & Rice Wine in different retail channels. Previously, these products were primarily sold in specialized liquor stores or bars. However, they are now becoming more accessible through supermarkets, convenience stores, and online platforms. This expansion in distribution channels has contributed to the growth of the market by making these products more easily available to a wider consumer base.

Local special circumstances: Algeria has a rich culinary tradition, and the consumption of alcoholic beverages is deeply rooted in its culture. However, the majority of Algerians follow Islamic practices, which prohibit the consumption of alcohol. This has created a unique market for non-alcoholic alternatives such as Cider, Perry & Rice Wine. These products offer a similar taste experience to traditional alcoholic beverages, but without the alcohol content, making them a popular choice among Algerian consumers.

Underlying macroeconomic factors: The growth of the Cider, Perry & Rice Wine market in Algeria can also be attributed to favorable macroeconomic factors. The country has witnessed steady economic growth in recent years, resulting in an increase in disposable income levels. As a result, consumers have more purchasing power and are willing to spend on premium and imported products, including Cider, Perry & Rice Wine. Furthermore, the government of Algeria has implemented policies to promote domestic production and reduce dependence on imports. This has encouraged local manufacturers to enter the Cider, Perry & Rice Wine market and has led to an increase in the availability of locally-produced products. The combination of favorable economic conditions and government support has created a conducive environment for the growth of the market in Algeria. In conclusion, the Cider, Perry & Rice Wine market in Algeria is experiencing growth due to changing consumer preferences, the introduction of new flavors, increased availability through various retail channels, unique cultural circumstances, and favorable macroeconomic factors. As Algerian consumers continue to seek new and exciting beverage options, the market for Cider, Perry & Rice Wine is expected to further expand in the coming years.

Data coverage:
The data encompasses B2C enterprises. The at-home market covers retail sales via super- and hypermarkets, eCommerce, convenience stores, or similar sales channels. The out-of-home data encompasses all sales to hotels, restaurants, catering, cafés, bars, and similar hospitality service establishments. Combined numbers encompass both the at-home market and the out-of-home market. Both the at-home and the out-of-home market are valued at retail selling prices including all sales and consumption taxes.

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 (e.g. consumer spending on alcoholic beverages, consumer spending at Hotels, Restaurants etc.), and price level 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 Alcoholic Drinks 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.