A slowdown in economic growth over the next two years, as well as elevated food priceinflation, will weigh on the outlook for Algeria's food and drink market in the short-to-medium term. Onebright spot is the mass grocery retail sector, which will be supported by a growing urban youth populationand continued investment in formal retail space development.
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Algeria's private consumption will come under pressure from the government's fiscal consolidation;waning consumer confidence will weigh on growth in the foods & drink industry over the next two years.
Sales of bottled water will increase markedly over the course of our forecast period, rising 19.8% in 2017and by an average rate of 17.5% annually over 2017-2021. Overall, non-alcoholic drinks sales willcontinue to rise at a steady rate across our forecast period. We forecast growth of 8.6% in 2017 and anaverage growth rate of 8.4% per annum from 2017 to 2021.