Algeria Agriculture Market Size (2024 - 2029)

Algeria Agriculture Market Analysis

The Agriculture In Algeria Market size is estimated at USD 4.86 billion in 2024, and is expected to reach USD 6.09 billion by 2029, growing at a CAGR of 4.65% during the forecast period (2024-2029).

• Algeria has a diverse agricultural sector that is significant for its economy and food security. The nation's agricultural activities are primarily concentrated in the fertile plains and oases. Additionally, the agricultural sector in Algeria plays a crucial role in providing sustainable livelihoods for a significant portion of the population, particularly in rural areas, by cultivating various crops, including cereals such as wheat, barley, and maize. These crops are essential staples in the Algerian diet and are crucial for meeting the country's domestic food requirements. Furthermore, Algeria's agricultural output also includes fruits such as citrus fruits, grapes, and dates, which thrive in the country's favorable climate and contribute to the nation's agricultural diversity.
• The Algerian government is actively implementing initiatives and policies to revamp its agricultural sector. These measures boost productivity, advocate for sustainable farming practices, and fortify the nation's food security. In tandem, the government is channeling investments into irrigation infrastructure, particularly targeting regions with arid and semi-arid climates. Notably, Algeria's ODA projects, spearheaded by the government, have significantly impacted the agricultural landscape. These endeavors have directly benefitted more than 200,000 farmers, ushered in 50,000 fresh job opportunities, upgraded irrigation systems across 20,000 hectares of farmland, and enhanced water efficiency by 30% as of 2022.
• Furthermore, Algeria is increasingly embracing advanced agricultural technologies and practices to boost farming efficiency and productivity. Initiatives range from championing precision agriculture and updating farm machinery to refining cultivation techniques. Moreover, the promotion of agribusiness and value addition in agricultural products contribute to economic growth and diversification. In 2023, the Algerian Inter-professional Office of Cereals (OAIC) launched a public call to register grain and pulse traders on its supplier shortlist intended for cereals, pulses, cereal seeds, and pulse seeds. This supports the value chain of agriculture, thereby aiding the market's growth. Therefore, the supportive government policies coupled with the adoption of new technologies are bolstering the market's growth during the forecast period.

Algeria Agriculture Industry Segmentation

Agriculture plays a crucial role in Algeria's economy and provides livelihoods by cultivating cereals like wheat and barley, fruits such as citrus and dates, olives, and vegetables. The Algerian Agriculture Market is Segmented by Crop Type into Food Crops/Cereals, Fruits, and Vegetables. The report includes the Production Analysis (Volume), Consumption Analysis (Value and Volume), Export Analysis (Value and Volume), Import Analysis (Value and Volume), and Price Trend Analysis for the market. The report offers market sizes and forecasts in terms of value (USD) and volume (metric tons) for the above segments.