The Algeria Drinking Milk Products Market is projected to grow at a CAGR of 5.67% in the forecast period of 2023-28, cites MarkNtel Advisors in their recent research report. The major reason for the market growth is the high dairy consumption in the country. According to the government of Algeria, dairy consumption is the second largest in the country after cereals. 70% of the milk demand is met through domestic production and the rest is through imports.
The government is currently focusing on reducing its import dependency and becoming self-sufficient in terms of food & milk production. In order to achieve this, the government even released a 5-year strategic plan in 2020, which involved the mechanization and modernization of agriculture and dairy production. Along with it, the government is also encouraging the establishment of small dairy units and the breeding of camels & goats in the Sub-Saharan region. This development is creating a conducive ecosystem for milk manufacturers to establish their production units in the country.
Fresh Milk Category to Lead the Drinking Milk Products Market
Fresh milk holds the dominant market share since it is consumed by almost every section of society, irrespective of economic class. Besides, fresh milk also has various nutritional values, as it is a low-cost source of protein & calcium. The government of Algeria provides subsidies on milk sales so that it can reach to masses in the country. The demand for fresh milk is expected to surge as the country's population is constantly rising, and the birth of infants & kids will further generate greater demand in the coming years.
With strategic initiatives, such as mergers, collaborations, and acquisitions, the leading players in the Algeria Drinking Milk Products Market include Complexe Laitier d'Alger (COLAITAL), Tchin-Lait Sarl, Hodna Lait, Laiterie Sidi Saada SpA, etc., which are looking forward to strengthening their market position.
Key Questions Answered in the Research Report