Argentina Food Preservatives Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 4.20 % |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Argentina Food Preservatives Market Analysis
Argentina Food Preservatives market is projected to witness a CAGR of 4.20% during the forecast period (2020 - 2025).
- Nowadays mostly all food products being produced in the country have food preservatives. The purpose is generally to preserve the natural characteristics of food and to increase the shelf life of food, and inhibit natural aging and discoloration that can occur during food preparation. Therefore, this factor is driving the market forward in the country.
- But there are certain harmful effects of using chemicals for preservation such as; Sulfites are common preservatives used in various fruits, may have side effects in form of headaches, palpitations, allergies, and even cancer, which can restraint the market during the forecast period, as in 2017, the country reported a total of 44,548 patients diagnosed with cancer, up from 1,081 patients diagnosed in 2012 (as per the report published by Ministerio de Salud, Argentina.
Argentina Food Preservatives Market Trends
This section covers the major market trends shaping the Argentina Food Preservatives Market according to our research experts:
Increasing Processed Food and Beverage Market
The food processing industry in Argentina is dynamic and growing, with new capital investments being made and growth expected, moreover, preservatives are being used to increase the shelf life of food and to maintain the quality for a longer time, which is expected to increase the share of preservatives in the country.
In order to aid sales of packaged food, at the beginning of 2019, the government launched a new national program titled Precios Esenciales, which translated to 'essential prices'. Initiatives like these are expected to increase the demand for food processing ingredients such as preservatives.
Increasing Indulgence Towards Speciality Ingredients
Argentina is a potential market for the specialty ingredients thus supporting the natural preservatives market in the country, greatly due to the economic growth and the shift of the preferences of the consumers toward healthy and value-added food. Better production technology, and access to distribution channels, are expected to be key factors in the near future to drive the market growth in Argentina. Expansion of the United States and other foreign players in the Argentine food processing sector may favor the applications of specialty food ingredients.
Moreover, tighter food safety regulations, adoption of ISO and Hazard Analysis and Critical Control Point ( HACCP) practices and new nutrition standards by the industry in the country, increase in certification and standardization of products, and expansion of organic production in the country are expected to increase the market for natural preservatives in the country.
Argentina Food Preservatives Industry Overview
Some of the major companies producing and importing food preservatives in Argentina are Celanese Corporation, Corbion NV, and Kerry Group plc. Some of the firms produce locally additives, preservatives, and/or flavorings. Importers bring from foreign countries products that are not manufactured locally or supplementary ingredients. In some cases, low-cost or bulk ingredients are imported when the domestic supply insufficient or the local price is too high, this is expected to increase the competition between the players operating in the Argentina Food Preservatives market. Most imports of the ingredients in the country are carried out by the producer, but there are also some direct importers in the market.
Argentina Food Preservatives Market Leaders
Celanese Corporation
Aadhunik Industries
Cargill, Incorporated
DuPont de Nemours, Inc
Kerry Group plc
*Disclaimer: Major Players sorted in no particular order
Argentina Food Preservatives Market Report - Table of Contents
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1. INTRODUCTION
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1.1 Study Deliverables & Study Assumptions
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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 Type
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5.1.1 Natural
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5.1.2 Synthetic
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5.2 By Application
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5.2.1 Beverage
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5.2.2 Dairy & Frozen Product
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5.2.3 Bakery Products
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5.2.4 Meat, Poultry & Seafood
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5.2.5 Confectionery
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5.2.6 Others
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6. COMPETITIVE LANDSCAPE
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6.1 Most Adopted Strategies
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6.2 Market Positioning of the Players
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6.3 Company Profiles
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6.3.1 Celanese Corporation
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6.3.2 Aadhunik Industries
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6.3.3 DuPont de Nemours, Inc
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6.3.4 Kerry Group plc
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6.3.5 Cargill, Incorporated
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6.3.6 Corbion NV
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6.3.7 BASF SE
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- *List Not Exhaustive
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7. MARKET OPPORTUNITIES AND FUTURE TRENDS
Argentina Food Preservatives Industry Segmentation
The Argentina food preservatives market offers a variety of preservatives including natural and synthetic type. On the basis of application, the market is segmented into beverage, dairy & frozen products, bakery, meat, poultry & seafood, confectionery, and other industries.
| By Type | |
| Natural | |
| Synthetic |
| By Application | |
| Beverage | |
| Dairy & Frozen Product | |
| Bakery Products | |
| Meat, Poultry & Seafood | |
| Confectionery | |
| Others |
Argentina Food Preservatives Market Research FAQs
What is the current Argentina Food Preservatives Market size?
The Argentina Food Preservatives Market is projected to register a CAGR of 4.20% during the forecast period (2024-2029)
Who are the key players in Argentina Food Preservatives Market?
Celanese Corporation, Aadhunik Industries, Cargill, Incorporated, DuPont de Nemours, Inc and Kerry Group plc are the major companies operating in the Argentina Food Preservatives Market.
What years does this Argentina Food Preservatives Market cover?
The report covers the Argentina Food Preservatives Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Argentina Food Preservatives Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Argentina Food Preservatives Industry Report
Statistics for the 2024 Argentina Food Preservatives market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Argentina Food Preservatives analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
