Argentina Food Enzymes Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 5.60 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Argentina Food Enzymes Market Analysis
Argentina Food Enzymes Market is anticipated to grow at a CAGR of 5.6% during the forecasted period(2020-2025).
- The food enzyme market is witnessing rapid growth due to the increasing demand for processed food in the country and wide applications of the enzymes in the processed food industry are driving the market.
- Innovation in food technology in the country and the growing awareness about better-quality products being manufactured, by utilizing enzymes, are further driving the market.
- Apart from this, the increasing penetration of organized retail in urban and rural centers are also boosting the food enzymes market in Argentina.
Argentina Food Enzymes Market Trends
This section covers the major market trends shaping the Argentina Food Enzymes Market according to our research experts:
Growing Demand For Specialty Enzymes
The consumers in Argentina have reduced their consumption of sugar, soft drinks, and beverages, over recent years. Specialty enzymes are mainly sourced from microorganisms and plants. They are used in various foods and beverages, baking, brewing, crafting alcohol, fruit and vegetable processing, grain alcohol, etc. Argentina is a potential market, greatly due to the economic growth and the shift of the consumers' preference toward healthy and value-added food products. Health-conscious consumers are inclined toward low-calorie and low-sugar beverages, with natural ingredients.
Growing Demand For Processed Meat In The Country
There is a growing demand for processed meat in the country. Over the past few years, the pork consumption in the country has grown by an average of 10% per annum and 65% in total, with the current per capita consumption at 17 kg driving the demand for processed pork products, presently. The growing demand for beef across various countries spiked prices in the domestic markets of Brazil and Argentina. Moreover, in 2019, the General Administration of Customs of China (GACC) granted permission for nine new Argentine beef plants to export frozen beef and chilled beef to China. Furthermore, owing to the rising demand for processed meat across the country, manufacturers operating in the global market are focusing on adopting strategic measures to expand their presence in the country.
Argentina Food Enzymes Industry Overview
Argentina food enzymes market is a consolidated market with major players in the market holding a pominent market share. Companies operating in the market are expanding their product portfolios to cater a wider customer group.
Argentina Food Enzymes Market Leaders
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Kerry Group
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DuPont
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DSM
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Chr. Hansen Holding A/S
*Disclaimer: Major Players sorted in no particular order
Argentina Food Enzymes Market Report - Table of Contents
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1. INTRODUCTION
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1.1 Study Assumptions & Market Definition
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1.2 Scope of the Study
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2. RESEARCH METHODOLOGY
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3. EXECUTIVE SUMMARY
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4. MARKET DYNAMICS
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4.1 Market Drivers
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4.2 Market Restraints
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4.3 Porter's Five Forces Analysis
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4.3.1 Threat of New Entrants
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4.3.2 Bargaining Power of Buyers/Consumers
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4.3.3 Bargaining Power of Suppliers
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4.3.4 Threat of Substitute Products
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4.3.5 Intensity of Competitive Rivalry
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5. MARKET SEGMENTATION
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5.1 By Application
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5.1.1 Bakery
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5.1.2 Confectionery
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5.1.3 Dairy and Frozen Desserts
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5.1.4 Meat Poultry and Sea Food Products
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5.1.5 Beverages
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5.1.6 Others
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6. COMPETITIVE LANDSCAPE
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6.1 Most Active Companies
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6.2 Most Adopted Strategies
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6.3 Market Share Analysis
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6.4 Company Profiles
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6.4.1 Kerry Group
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6.4.2 DuPont
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6.4.3 DSM
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6.4.4 Chr. Hansen Holding A/S
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6.4.5 Novozymes
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6.4.6 ABF Ingredients
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6.4.7 ArgenBio
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6.4.8 Groupe Souffiet(AIT Ingredients)
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- *List Not Exhaustive
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7. MARKET OPPORTUNITIES AND FUTURE TRENDS
Argentina Food Enzymes Industry Segmentation
Argentina Food Enzymes Market is segmented by Application into Bakery, Confectionery, Dairy and Frozen Desserts, Meat Poultry and Sea Food Products, Beverages and Others. The report also include the top line revenues and product offerings of the major players in the market.
| By Application | |
| Bakery | |
| Confectionery | |
| Dairy and Frozen Desserts | |
| Meat Poultry and Sea Food Products | |
| Beverages | |
| Others |
Argentina Food Enzymes Market Research FAQs
What is the current Argentina Food Enzymes Market size?
The Argentina Food Enzymes Market is projected to register a CAGR of 5.60% during the forecast period (2024-2029)
Who are the key players in Argentina Food Enzymes Market?
Kerry Group, DuPont, DSM and Chr. Hansen Holding A/S are the major companies operating in the Argentina Food Enzymes Market.
What years does this Argentina Food Enzymes Market cover?
The report covers the Argentina Food Enzymes Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Argentina Food Enzymes Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Argentina Food Enzymes Industry Report
Statistics for the 2024 Argentina Food Enzymes market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Argentina Food Enzymes analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
