Argentina Nutraceutical Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 7.14 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Argentina Nutraceutical Market Analysis
Argentina nutraceutical market is projected to grow at a CAGR of 7.14% during the forecast period (2020- 2025).
- Due to the scientific evidence of nutraceutical being effective adjuncts to pharmacotherapy during all stages of treatment of various diseases, there has been a fundamental shift in global health and wellness industry from disease treatment to prevention of chronic diseases.
- The use of nutraceuticals and functional foods in prevention efforts can lead to decreased dependency on drugs, which has led to serious concerns among pharmaceutical manufacturers. It is, however, expected to drive the growth of the nutraceutical market across the globe and also across Argentina.
Argentina Nutraceutical Market Trends
This section covers the major market trends shaping the Argentina Nutraceutical Market according to our research experts:
Increasing Elderly Population
As the proportion of the global population over age 50 steadily rises, demands for solutions to the myriad of problems associated with old age continue to increase. People in nearly every part of the world are living longer, but their chances of spending these later years in good health vary within and between countries. In the past century, the young population dominated Argentina’s demographic scene, but the percentage has been declining. People aged above 60 years of age invariably suffer from deficiency-related diseases. Functional food ingredients may help them to counter these chronic diseases. There is a plethora of products already on the market targeted toward the elderly consumers. The majority of it focuses on the health and wellness of the geriatric population, which is expected to be the strongest factor for the growth of the market studied in the country.
Understand The Key Trends Shaping This Market
Growth of Energy Drink Market in Argentina
The energy drink market has grown phenomenally in the recent years and as per the demand of the consumers it will continue growing. Energy drinks are believed to enhance energy levels, physical alertness, and performance leading to the growth of conventional carbonated beverages a long time ago, as they are considered healthy substitutes to sugary carbonated drinks. Leading a healthy lifestyle with a balanced diet is becoming a goal for most Argentinians which drives the demand for energy drinks in Argentina. Red Bull is the top brand to rule the Argentina energy drink market. The local players, like La Sibila SA, are also trying to capture the energy drinks market in Argentina by way of acquisitions and new product launches.
Argentina Nutraceutical Industry Overview
Argentina nutraceutical market is consolidated and most active companies are Danone, Nestle, PepsiCo, Reckitt Benckoser Group and Herblife. The companies are increasing their product line, and also expanding their presence in the country. Companies are trying to incorporate strategies like new agreements, joint ventures and partnerships with local players to increase their footprint and release new products, according to consumers changing preferences.
Argentina Nutraceutical Market Leaders
Nestle SA
PepsiCo
Danone SA
Reckitt Benckiser Group plc
The Coco-Cola Company
*Disclaimer: Major Players sorted in no particular order
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Argentina Nutraceutical Market Report - Table of Contents
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1. INTRODUCTION
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1.1 Study Deliverables
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1.2 Study Assumptions
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1.3 Scope of the Study
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2. RESEARCH METHODOLOGY
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3. EXECUTIVE SUMMARY
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3.1 Market Overview
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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 Porters 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 Type
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5.1.1 Functional Food
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5.1.1.1 Cereal
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5.1.1.2 Bakery and Confectionery
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5.1.1.3 Snacks
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5.1.1.4 Dairy Product
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5.1.1.5 Others
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5.1.2 Functional Beverage
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5.1.2.1 Energy Drinks
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5.1.2.2 Fortified Juices
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5.1.2.3 Sports Drinks
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5.1.2.4 Dairy and Dairy Alternative Drinks
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5.1.2.5 Others
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5.1.3 Dietary Supplement
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5.1.3.1 Vitamins
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5.1.3.2 Minerals
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5.1.3.3 Botanicals
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5.1.3.4 Enzymes
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5.1.3.5 Fatty Acids
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5.1.3.6 Proteins
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5.1.3.7 Others
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6. COMPETITIVE LANDSCAPE
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6.1 Strategy Adopted by Key players
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6.2 Most Active Companies
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6.3 Market Share Analysis
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6.4 Company Profiles
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6.4.1 PepsiCo
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6.4.2 Danone SA
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6.4.3 Nestle SA
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6.4.4 The Kellogg's Company
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6.4.5 Red Bull
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6.4.6 Herbalife International Inc.
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6.4.7 Reckitt Benckiser Group PLC
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6.4.8 The Coca-Cola Company
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- *List Not Exhaustive
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7. MARKET OPPORTUNITIES AND FUTURE TRENDS
Argentina Nutraceutical Industry Segmentation
Argentina nutraceuticals market is segmented into functional food, functional beverage, and dietary supplements. Functional food is sub-categorized into cereal, bakery and confectionery, snacks, dairy products, and others. Functional beverage is sub-categorized into energy drinks, fortified juices, sports drinks, dairy and dairy alternative drinks, and others. The dietary supplements include vitamins, minerals, botanical, enzymes, fatty acids, proteins and others.
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Argentina Nutraceutical Market Research FAQs
What is the current Argentina Nutraceuticals Market size?
The Argentina Nutraceuticals Market is projected to register a CAGR of 7.14% during the forecast period (2024-2029)
Who are the key players in Argentina Nutraceuticals Market?
Nestle SA, PepsiCo, Danone SA, Reckitt Benckiser Group plc and The Coco-Cola Company are the major companies operating in the Argentina Nutraceuticals Market.
What years does this Argentina Nutraceuticals Market cover?
The report covers the Argentina Nutraceuticals Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Argentina Nutraceuticals Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Argentina Nutraceutical Industry Report
Statistics for the 2024 Argentina Nutraceutical market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Argentina Nutraceutical analysis includes a market forecast outlook 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
Argentina Nutraceutical Market Report Snapshots
