Market Size of Argentina Fruits & Vegetables Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 4.50 % |
Argentina Fruits and Vegetables Market Analysis
The Argentina fruits and vegetable market is projected to register a CAGR of 4.5% during the forecast period.
- Due to favorable weather conditions, the production of Argentina's most fresh and deciduous fruits, such as apples, pears, and grapes, increased tremendously in recent years. Domestic consumption of fresh fruits is also expected to grow due to a significant increase in production and the lack of competitiveness of local exporters in the international market.
- Fruits and vegetables are important supplements to the human diet as they provide the essential nutrients required for maintaining health. Argentina is one of the major producers of fruits and vegetables globally. It produces several horticultural crops like apples, bananas, oranges, pears, grapes, lemons, tomatoes, carrots, onions, chili, and pumpkins.
- Argentina's economic problems in the past decade have led to reduced profitability in the sector, resulting in the area gradually declining in the major fresh fruit and vegetable growing regions of Argentina. Besides the lack of profitability affecting most fruit producers, grape producers face water scarcity, which also affects fruit prices in the country.
- However, improving farming techniques through increasing investment by public and private companies in the market is expected to drive the development of the fruits and vegetables market in the country. Several companies are investing in greenhouse farming techniques to increase the production of fruits and vegetables and thereby improve the domestic supply to satiate the growing demands of consumers.
Argentina Fruits and 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 million) and volume (metric ton) for the above segments.
Argentina Fruits & Vegetables Market Size Summary
The Argentina fruits and vegetables market is experiencing a positive growth trajectory, driven by favorable climatic conditions that have bolstered the production of key horticultural crops such as apples, pears, and grapes. As a significant global producer, Argentina's domestic consumption of fresh produce is anticipated to rise, supported by increased production levels. Despite past economic challenges that have impacted profitability and led to a decline in some growing regions, advancements in farming techniques and investments in greenhouse technologies are expected to enhance production capabilities. This growth is further supported by government initiatives aimed at strengthening regional economies and boosting both production and export of fresh produce. The removal of export taxes and the introduction of export rebates have made Argentine produce more competitive in international markets, thereby fostering market expansion.
The grape production sector, in particular, benefits from Argentina's unique terroir, especially in regions like Mendoza, where high altitude and favorable climatic conditions contribute to superior grape quality. The use of grafted vines and improved vineyard management practices are enhancing grape yields, with increasing demand for grape products such as raisins and fresh juices. The health benefits associated with grape consumption, coupled with rising awareness and demand for wine, are driving production growth. Government support, including financial relief for drought-affected farmers and tax incentives for specialty crops, further underscores the commitment to sustaining and expanding the fruits and vegetables market in Argentina.
Argentina Fruits & Vegetables Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Overview
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1.2 Market Drivers
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1.3 Market Restraints
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2. 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)
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2.1 Vegetables
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2.2 Fruits
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Argentina Fruits & Vegetables Market Size FAQs
What is the current Argentina Fruits & Vegetables Market size?
The Argentina Fruits & Vegetables Market is projected to register a CAGR of 4.5% during the forecast period (2024-2029)
What years does this Argentina Fruits & Vegetables Market cover?
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.
