Argentina Fruits & Vegetables Market Size (2024 - 2029)

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 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.