Argentina Fruits & Vegetables Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Market Size (2024) | USD 575.60 Million |
| Market Size (2029) | USD 658.80 Million |
| CAGR (2024 - 2029) | 4.50 % |
Argentina Fruits & Vegetables Market Analysis
The Argentina Fruits & Vegetables Market size is estimated at USD 575.60 million in 2024, and is expected to reach USD 658.80 million by 2029, at a CAGR of 4.5% during the forecast period (2024-2029).
- Argentina's fruit and vegetable market plays a crucial role in the nation's agricultural landscape, significantly influencing domestic consumption and export dynamics. Due to its favorable climate, diverse geography, and robust agricultural infrastructure, Argentina cultivates a broad spectrum of fruits and vegetables catering to local and global markets. For instance, according to FAOSTAT data, fruit production increased from 6.7 million metric tons in 2020 to 7.1 million metric tons in 2022. The Negro River irrigation district in Patagonia has notably emerged as a pivotal hub, especially for apple and pear cultivation.
- Argentina boasts a rich portfolio of produce, including apples, pears, citrus fruits. Dominating the global stage, Argentina stands out as a top exporter of lemons and apples, with an expanding footprint in the blueberry and cherry markets. Furthermore, as one of the world's leading exporters of pears and apples, data from the ITC Trade Ma, that Argentina's pear exports surged from 267,380 metric tons in 2022 to 306,526 metric tons in 2023. Key markets for Argentine pears include Brazil, the Russian Federation, the United States, Mexico, and Italy.
- As Argentinians pivot towards healthier diets, there's a noticeable uptick in the consumption of fresh produce, propelling growth in the domestic fruit and vegetable market. Staples in Argentinian households encompass citrus fruits, tomatoes, and leafy greens. Urban hubs, particularly Buenos Aires, exhibit heightened demand for fresh produce, invigorating the retail sector, especially supermarkets and specialized markets. While the market for organic fruits and vegetables is still niche, it's on the rise, primarily driven by high-income urban consumers favoring organic and locally sourced items.
- Demonstrating its commitment, the Argentinian government actively champions the fruit and vegetable sector. This support aims to bolster regional rural economies and enhance the production and export of fresh produce. In 2020, the government tweaked its export tax regime, instituting a 5% tax rate on most fruit and vegetable exports.Consequently, rising fruit production, coupled with heightened demand for fruits and vegetables and supportive government initiatives, is set to propel the market in the upcoming year.
Argentina Fruits & Vegetables Market Trends
Increasing Production of Vegetables in Argentina
Vegetable production is a cornerstone of Argentina's agricultural landscape, bolstering national food security and export avenues. Recent years have witnessed a surge in production, spurred by technological innovations, a burgeoning domestic appetite, and expanding export markets. For instance, according to FAOSTAT, Argentina's vegetable production was 3.7 million metric tons in 2020, which increased by 3.9 million metric tons in 2022.
Argentina cultivates diverse vegetables, including chili, onions, tomatoes, and others catering to global markets. The nation's diverse climates, spanning from the temperate zones of Buenos Aires to the arid stretches of Mendoza, facilitate continuous, year-round vegetable cultivation. Moreover, Argentine vegetables command a premium in the global market, a testament to the nation's modern farming techniques, superior seed varieties, and state-of-the-art irrigation methods.
Onions and tomatoes, two of Argentina's flagship vegetables, dominate both cultivation and export charts. These crops are pivotal, not just for local consumption but also for processing industries and international trade. Buenos Aires, Mendoza, and Río Negro provinces, with their conducive climates, are the primary onion-growing regions. The favored varieties, yellow and red onions, are prized for their longevity and flavor profile. Meanwhile, Mendoza, San Juan, and Buenos Aires lead in tomato cultivation, leveraging advanced agricultural practices. These tomatoes serve dual purposes including fresh market sales and processing into products like paste, sauces, and canned varieties.
As a result, the country is positioned to continue expanding its role as a significant vegetable producer within Sauth America, with projections indicating sustained growth in production output over the coming years.
Grapes to Dominate the Argentine Fresh Produce Sector
Argentina is one of the world’s largest grapes producers in the world. For centuries since the Spanish colonized, the vineyards in the country have remained significant in the country. Production of good quality wine in the country happens to be one of the prime reasons for Argentina’s grapes production. Most of the grape cultivars produced in the country are wine grape cultivars. According to the International Organization of Vine and Wine, Argentina was the 10th largest producer of fresh grapes in the world, with approximately 2.6 % of the world’s fresh grape production by the year 2022. Also, according to FAOSTAT, 207,047 hectares of area were covered in Argentina by grapes and vineyards in 2022.
The Malbec grape variety is a famous wine-producing grape variety that provides Argentina with its image of a wine state. The variety is not native to Argentina, but still, a large area of grape cultivation is currently under Malbec grape cultivation. Mendoza region in the northwest of Argentina is the prime location of Malbec cultivation in the country. Cabernet Franc is another widespread variety produced in Argentina that is used in varietal wine production or as a blended with other grapes such as Cab Sauvignon and Merlot in the Bordeaux style.
Argentina’s export of wine grapes, as well as table grape varieties, has been continuously expanding over the years. For instance, according to the ITC Trade Map, the exports of Grapes in Argentina were valued at USD 2.8 million in 2022, and it is estimated to increase by 2.9 million in 2023. Torrontes, a white grape variety being produced in the Northwestern region of Argentina, is exported from the country to various parts of the world to produce white wine. Pinot Noirs are another variety that is in good demand at the global level. Brazil, Colombia, Peru, the United States, and Russia are common export destinations for Argentine grapes. However, exports of wine grapes are comparatively lower since most of the wine grapes are being utilized for domestic wine production in the country. Also, there has been some decline in grape exports from the country in the past few years.
Argentina Fruits and Vegetables Market News
- October 2023: Argentina's Ministry of Agriculture initiative to boost the export of organic fruits and vegetables, targeting a 15% increase in market share by 2025.
- February 2023: Argentina launched a relief fund for farmers hit by a historic drought and improved production to meet the growing demand. The ministry will give producers access to a USD 27 million relief fund.
Argentina Fruits & Vegetables Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Assumptions and Market Definition
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.2.1 Export Demand Growth
4.2.2 Technological Advancements in Agricultural Cultivation
4.2.3 Government Support and Trade Agreements
4.3 Market Restraints
4.3.1 Climate Related Challenges
4.3.2 Pest and Disease Attack
5. MARKET SEGMENTATION (Production Analysis by Volume, Consumption Analysis by Value and Volume, Import Analysis by Value and Volume, Export Analysis by Value and Volume, and Price Trend Analysis)
5.1 Vegetables
5.2 Fruits
6. INTERNATIONAL TRADE AND PRICE SCENARIOS
6.1 Grape
6.2 Lemon and lime
6.3 Orange
6.4 Apple
6.5 Pear
6.6 Watermelon
6.7 Banana
6.8 Onion
6.9 Tomato
6.10 Carrot
6.11 Pumpkin
6.12 Chili
7. REGIONAL ANALYSIS
7.1 PESTLE Analysis
7.2 Supply Chain Analysis
7.3 Government Policies
8. MARKET OPPORTUNITIES AND FUTURE TRENDS
Argentina Fruits & Vegetables Industry Segmentation
A fruit develops from the flower of a plant, while the other parts of the plant are categorized as vegetables. Fruits have a sweet or tart flavor and can be used in desserts, snacks, or juices. Vegetables have a milder or savory taste and are usually eaten as part of a side dish or main course. The Argentine fruit and vegetable market is segmented by type (fruits and vegetables). The report includes production analysis (volume), consumption analysis (value and volume), export analysis (value and volume), import analysis (value and volume), and price trend analysis. The report offers market size and forecasts in terms of value (USD) and volume (metric tons) for the above segments.
Argentina Fruits & Vegetables Market Research Faqs
How big is the Argentina Fruits & Vegetables Market?
The Argentina Fruits & Vegetables Market size is expected to reach USD 575.60 million in 2024 and grow at a CAGR of 4.5% to reach USD 658.80 million by 2029.
What is the current Argentina Fruits & Vegetables Market size?
In 2024, the Argentina Fruits & Vegetables Market size is expected to reach USD 575.60 million.
What years does this Argentina Fruits & Vegetables Market cover, and what was the market size in 2023?
In 2023, the Argentina Fruits & Vegetables Market size was estimated at USD 549.70 million. The report covers the Argentina Fruits & Vegetables Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Argentina Fruits & Vegetables Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Argentina Fruits & Vegetables Industry Report
Statistics for the 2024 Argentina Fruits and Vegetables market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Argentina Fruits and Vegetables analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
Argentina Fruits & Vegetables Market Report Snapshots
