Algeria Glass Tableware Market is expected to reach US$ 56.37 Million by 2031

PRESS RELEASE BY The Insight Partners 21 Jun 2024

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Growing E-Commerce Sector to Boost Algeria Glass Tableware Market Growth During 2023–2031

According to our latest market study on “Algeria Glass Tableware Market Forecast to 2031 – by Product Type and Distribution Channel,” the market was valued at US$ 43.53 million in 2023 and is projected to reach US$ 56.37 million by 2031; it is anticipated to record a CAGR of 3.3% from 2023 to 2031. The Algeria glass tableware market report emphasizes the key factors driving the market and showcases the developments of prominent players.

In Algeria, there is a significant rise in e-commerce platforms, revolutionizing the way consumers browse and purchase these products. Now, customers have an extensive array of options available, ranging from well-known brands to artisanal craftsmen, at their fingertips. For example, a consumer living in Algeria can simply go online and explore a wide selection of handcrafted glassware from a boutique studio in any corner of the world due to the convenience of online marketplaces. This level of accessibility, combined with user-friendly shopping experiences and competitive pricing, continues to drive the rapid expansion of the glass tableware market on a global scale.

Algeria Glass Tableware Market Growth Analysis

Algeria Glass Tableware Market Growth Analysis

Algeria Glass Tableware Market Forecast (2024-2031)

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Algeria Glass Tableware Market Size and Forecast (2021 - 2031), Regional Share, Trend, and Growth Opportunity Analysis Report Coverage: By Product Type (Plates, Bowls, Glasses, Serveware, and Others) and Distribution Channel (Supermarkets and Hypermarkets, Specialty Stores, Online Retail, and Convenience Stores)

The e-commerce sector in Algeria is experiencing significant growth as more consumers and businesses embrace online shopping and digital transactions. According to the trade group GIE Monetique, Algeria had 291 online retailers as of the end of 2022. They handled ~22 million payments, amounting to a total value of US$ 120 million. In 2021, as per the Algerian National Association of Traders and Craftsmen, the market potential is estimated to be US$ 5 billion. The government aims to enhance Internet penetration and bandwidth to drive e-commerce growth. Since the inception of the first Algerian online markets in 2009, e-commerce gained momentum in 2014 with the introduction of the Pan-African site Jumia, solidifying its position as the country's leading online sales platform. However, the availability of tableware made of alternative materials, such as plastic, ceramics, and metal, poses a significant challenge to the glass tableware market in Algeria. These alternatives offer various benefits that appeal to different consumer segments. Plastic and ceramic tableware are generally much cheaper compared to glass. One of the most significant advantages of plastic and metal tableware is their durability. Unlike glass, which is prone to braking, plastic and metal can withstand rough handling, making them suitable for outdoor dining and households with children. Moreover, plastic tableware is lightweight and easy to transport, making it a preferred choice for picnics, outdoor events, and casual dining. This convenience can be a decisive purchasing factor for many consumers. Metal tableware, while heavier than plastic, is often lighter than glass and equally more portable, adding to its appeal for similar uses. For many consumers, ceramics offer high perceived value due to their aesthetic appeal and durability. This makes them a favored choice for gifts, special occasions, and everyday use. Also, despite growing concerns, plastic remains popular for its convenience and low cost, particularly among consumers looking for affordable and practical solutions. In conclusion, competition from alternative materials such as metal, plastic, and ceramics can significantly restrain the Algeria glass tableware market growth.

Algeria Glass Tableware Market Analysis Based on Segmental Evaluation:

The Algeria glass tableware market is segmented into product type and distribution channel. Based on product type, the market is segmented into plates, bowls, glasses, serveware, and others. The glass segment held the largest Algeria glass tableware market share in 2023, and the bowls segment is estimated to register the highest CAGR during the forecast period. Bowls come in various sizes to suit different purposes, including cereal bowls for morning cereals, salad bowls for mixing fresh salads, soup bowls for a comforting bowl of soup, and dessert bowls for a sweet conclusion to meals. Bowls that are microwave and dishwasher-safe are highly favored by consumers, as they are convenient and practical for everyday use. The increasing trend of homemade meals is driving the demand for glass bowls.

In terms of distribution channel, the Algeria glass tableware market is segmented into supermarkets and hypermarkets, specialty stores, online retail, and convenience stores. The specialty stores segment dominated the Algeria glass tableware market share in 2023. In Algeria, specialty stores are widely preferred distribution channels for glass tableware sales due to the availability of a wide range of products, along with attractive deals and discounts and high-end customer service. These stores usually have trained staff that help customers find the right product. Owing to the availability of various products under the same roof, customers can enjoy a one-stop shopping experience. Amadhal Store, Bijoutrie el Kahina, and Home Deco are among the specialty stores operating in the Algeria glass tableware market.

Algeria Glass Tableware Market Trends

The Algeria glass tableware market trends include the use of sustainable and eco-friendly products. Consumers are increasingly seeking recyclable, durable, and sustainably produced glass tableware. Manufacturers and retailers who integrate environmentally friendly practices, such as reducing waste and using renewable resources, and align their business strategies with sustainability principles are poised to thrive in this continuously evolving market. In line with this, Algeria's National Action Plan for Sustainable Consumption and Production has identified progress tracks for the 2016–2030 National Action Plan for Consumption and Sustainable Production. Consolidated into three axes, i.e., governance, energy transition, and waste management, these tracks aim to address central Algerian issues and focus on areas of improvement. Hence, the rising demand for sustainable and eco-friendly products is expected to contribute to the growing Algeria glass tableware market size.

NOVER, Libbey, FORTESSA TABLEWARE SOLUTIONS LLC, Lifetime Brands Inc., Frederic Derbaudrenghien, Godinger Silver Art Co., Red Pomegranate, Bormioli Luigi SpA, Anchor Hocking Group, Inc, and Borosil Limited are among the key players profiled in the Algeria glass tableware market report.  

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