Argentina Food Additives Market - Trends, Growth, and Forecast (2018 – 2023)

PUBLISHED

MAY 2018

Argentina Food Additives Market - Trends, Growth, and Forecast (2018 – 2023)

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Food additives are used to enhance the taste, color, texture of food, same time maintaining the freshness and nutritional content. The food additives market in Argentina is expected to be USD1.5 billion by 2023, registering a CAGR of 5.1%, during the forecast period, 2018 ­– 2023. The population growth coupled with higher food production and demand is the major factors leading to high requirement of food additives applications in Argentina. Growing urbanization and changing lifestyles, due to globalization are driving demand for convenience and packaged foods. The scenario in turn is helping the food additives industry to grow, as food additives are an important component of these kinds of foods. 

Market Dynamics

Additives are mainly used to maintain and improve safety of the packaged food and to enhance the nutritional value of the food. Expanding processed food market due to increasing disposable incomes of the burgeoning middle class is the major drivers for Argentina food additives market growth in the country. The growth is further supported by increasing urbanization of the rural population and rising organized market in rural segments of Argentina. Argentina food additive market is also supported by the fact, that additives are applied as a way of curbing risk of wastage of food products. However, the consumer preference for natural alternatives, demand for clean label products, and stringent regulations hinders the market growth. 

Market Segmentation

The Argentina food additives market is segmented by type viz. Preservatives, Food flavors and Flavor enhancers, Antioxidants, Sweeteners, Emulsifiers, Anti Caking agents, Enzymes, Fat replacers, Acidulants, and others (texturizer, shelf life stabilizers, etc.). The largest segment is flavors and flavor enhancers market which recorded value wise, followed by hydrocolloids which function as texturizer, thickening, stabilizing, and gelling agents. The fastest growing segment is the sweetener type, which is seen as an alternative to sugar used in food & beverages. The major applications pertaining food additives are in Fruits & Vgetables, Bakery & Confectionary, Dairy & Frozen products, Oils & Fats, Savory snacks, Meat, Poultry, and Seafood products. 

The country is one of the developing economies in the region and this is expected to increase the consumer demand for packaged food; which in-turn drives the food additives industry. Growing consumer awareness on the benefits of natural additives and functional food additives would help capture the new markets in the region. 

                                               

Key Developments

  • September 2017: Cargill’s animal feed and nutrition business expanded its capabilities in Thailand by acquiring a feed mill in Prachinburi province in Thailand.
  • April 2017: ADM launched New Specialty Feed Additive Anco® AC for Canadian producers. It was designed to allow animals to deal more efficiently with nutritional stressors in their feed.

Competitive Landscape

Major Players: Cargill Inc, Kerry Group, Corbion Purac, Puratos, Ingredion, Tate & Lyle Plc, Archer Daniels Midland (ADM), Riken Vitamin, Palsgaard, Dupont- Danisco, CP Kelco, Novozymes, DSM, Chr Hansen, FMC Corporation, International Flavors and Fragrance, Givaudan, Firmenich, BASF, Associated British Foods, Arraiz Agronegocios, Cordis S.A., CSB-System Latinoamerica, Eurochem S.A., Laboratorios Amerex Argentina SA, Provinex S.A., TradeLink International, among others. The strategies being adopted in the food additives industry is in maintaining innovation under the development of natural food additives and functional food ingredients to meet the customer demand. Many foreign companies are entering the emerging economies of the region through partnerships, as they see the developed countries as matured markets in terms of revenue growth. Companies need to undertake ‘clean label’ solutions to meet the safety standards to cater to the regional food consumption. However, General standard for Food Additives (GSFA) chaired by China needs a wider acceptance for improved International Trade, which would help the industry in Argentina.

Reasons to Purchase this Report

  • Analyzing outlook of the market with the recent trends and Porter’s five forces analysis
  •  Market dynamics, which essentially consider the factors which are impelling the present market scenario, along with growth opportunities of the market in the years to come
  • Market segmentation analysis, including qualitative and quantitative research incorporating the impact of economic and non-economic aspects
  • Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market
  • Competitive landscape involving the market share of major players, along with the key strategies adopted for development in the past five years
  • Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
  • 3-month analyst support, along with the Market Estimate sheet in excel

Customization of the Report

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1. Introduction

                1.1 Research methodology

                1.2 Market Definition

                1.3 Report Description

2. Key Findings

3. Regulatory Framework

4. Market Overview & Dynamics

                4.1 Introduction

                4.2 Drivers

                                4.2.1 Addressing Supply chain complexities in the Food industry

                                4.2.2 Expanding Processed Foods market

                                4.2.3 Penetration of Organized Retail sector

                                4.2.4 Preference for health and wellness products

                4.3 Restraints

                                4.3.1 Consumers demand for natural Additives

                                4.3.2 Demand for Clean label solutions

                                4.3.3 Regulatory environment

                4.4 Opportunities

                                4.4.1 Growing demand for Natural and Nutraceutical Ingredients

                                4.4.2 Innovations to meet the wellness demand

                                4.4.3 Wider Acceptance of GSFA for improved International Trade

5. Porter’s Five Forces Analysis

                5.1 Bargaining power of Suppliers

                5.2 Bargaining power of Buyers

                5.3 Degree of Competition

                5.4 Threat of Substitution

                5.5 Threat of new entrants

6. Market Segmentation

                6.1 Preservatives

                                6.1.1 Preservatives  Market, by Types

                                                6.1.1.1 Natural Antioxidants

                                                6.1.1.2 Sorbates

                                                6.1.1.3 Benzonates

                                                6.1.1.4 Others

                                6.1.2 Preservatives Market, by Application Type

                                6.1.3 Preservatives Market, by Geography Type

                6.2 Sweetners

                                6.2.1 Sweetners  Market, by type

                                                6.2.1.1 Bulk Sweeteners

                                                                6.2.1.1.1 Sucrose

                                                                6.2.1.1.2 Fructose

                                                                6.2.1.1.3 Lactose

                                                                6.2.1.1.4 High Fructose Corn Syrup (HFCS)

                                                                6.2.1.1.5 Others

                                                6.2.1.2 Sugar Substitutes

                                                                6.2.1.2.1 Sucralose

                                                                6.2.1.2.2 Xylitol

                                                                6.2.1.2.3 Stevia

                                                                6.2.1.2.4 Aspartame

                                                                6.2.1.2.5 Saccharine

                                                                6.2.1.2.6 Others

                                6.2.2 Sweetners Market, by Application Type

                                6.2.3 Sweetners  Market, by Geography

                6.3 Emulsifiers

                                6.3.1 Emulsifiers Market, by type

                                                6.3.1.1 Mono-, Di-Glycerides & Derivatives

                                                6.3.1.2 Lecithin

                                                6.3.1.3 Sorbitan Esters

                                                6.3.1.4 Others

                                6.3.2 Emulsifiers  Market, by Application Type

                                6.3.3 Emulsifiers  Market, by Geography

                6.4 Anti Caking Agents

                                6.4.1 Anti caking agent, by type

                                                6.4.1.1 Calcium compounds

                                                6.4.1.2 Sodium compounds

                                                6.4.1.3 Silicon Dioxide

                                                6.4.1.4 Others

                                6.4.2 Anti Caking agents Market, by Application Type

                                6.4.3 Anti Caking agents Market, by Geography

                6.5 Enzymes

                                6.5.1 Enzymes Market, by type

                                                6.5.1.1 Carbohydrases

                                                6.5.1.2 Protease

                                                6.5.1.3 Lipase

                                                6.5.1.4 Others

                                6.5.2 Enzymes Market, by Application Type

                                6.5.3 Enzymes Market, by Geography

                6.6 Hydrocolloids

                                6.6.1 Hydrocolloids Market, by type

                                                6.6.1.1 Starch

                                                6.6.1.2 Gelatin Gum

                                                6.6.1.3 Xanthan Gum

                                                6.6.1.4 Others

                                6.6.2 Hydrocolloids Market, by Application Type

                                6.6.3 Hydrocolloids Market, by Geography

                6.7 Food Flavors and Enhancers

                                6.7.1 Food Flavors & Flavor Enhancers Market, by type

                                                6.7.1.1 Natural Extracts

                                                6.7.1.2 Fruit flavors

                                                6.7.1.3 Monosodium Glutamate

                                                6.7.1.4 Others

                                6.7.2 Food flavors and Enhancers Market, by Application Type

                                6.7.3 Food flavors and Enhancers Market, by Geography

                6.8 Food Colorants

                                6.8.1 Food colorants Market, by type

                                                6.8.1.1 Synthetic Food Colorants

                                                6.8.1.2 Natural Food Colorants

                                                6.8.1.3 Others

                                6.8.2 Food Colorants Market, by Application Type

                                6.8.3 Food Colorants Market, by Geography

                6.9 Acidulants

                                6.9.1 Acidulants  Market, by type

                                                6.9.1.1 Citric Acid

                                                6.9.1.2 Phosphoric Acid

                                                6.9.1.3 Lactic Acid

                                                6.9.1.4 Others

                                6.9.2 Acidulants  Market, by Application Type

                                6.9.3 Acidulants  Market, by Geography

7. Competitive Landscape Overview

                7.1 Market Share Analysis

                7.2 Strategies by leading players

                7.3 New Product Developments &Other Innovations

8. Company Profiles

                8.1 Cargill Inc

                8.2 Kerry Group

                8.3 Corbion Purac

                8.4  Puratos

                8.5 Ingredion

                8.6 Tate & Lyle Plc

                8.7 Archer Daniels Midland(ADM)

                8.8 Riken Vitamin 

                8.9 Palsgaard

                8.10 Dupont- Danisco

                8.11 CP Kelco

                8.12 Novozymes

                8.13 DSM

                8.14 Chr Hansen

                8.15 FMC Corporation

                8.16 International Flavors and Fragrance

                8.17 Givaudan

                8.18 Firmenich

                8.19 BASF

                8.20 Associated British Foods

                8.21 Arraiz Agronegocios

                8.22 Cordis S.A.

                8.23 CSB-System Latinoamerica

                8.24 Eurochem S.A.

                8.25 Laboratorios Amerex Argentina SA

                8.26 Provinex S.A.

                8.27 TradeLink International

9. Appendix

10. Disclaimer

 

LIST OF TABLES

1: Argentina: Food Preservatives market Revenue,by Type, 2018-2023 ($Million)

2: Argentina: Food Preservatives market Revenue,by Application, 2018-2023 ($Million)

3: Argentina: Sweeteners market Revenue,by Type, 2018-2023 ($Million)

4: Argentina: Sweeteners market Revenue,by Application, 2018-2023 ($Million)

5: Argentina: Food Emulsifiers market Revenue,by Type, 2018-2023 ($Million)

6: Argentina: Food Emulsifiers market Revenue,by Application, 2018-2023 ($Million)

7: Argentina: Anti Caking Agents market Revenue,by Type, 2018-2023 ($Million)

8: Argentina: Anti Caking Agents market Revenue,by Application, 2018-2023 ($Million)

9: Argentina: Food Enzymes market Revenue,by Type, 2018-2023 ($Million)

10: Argentina: Food Enzymes market Revenue,by Application, 2018-2023 ($Million)

11: Argentina: Hydrocolloids market Revenue,by Type, 2018-2023 ($Million)

12: Argentina: Hydrocolloids market Revenue,by Application, 2018-2023 ($Million)

13: Argentina: Food Flavors & Enhancers market Revenue,by Type, 2018-2023 ($Million)

14: Argentina: Food Flavors & Enhancers market Revenue,by Application, 2018-2023 ($Million)

15: Argentina: Food Colorants market Revenue,by Type, 2018-2023 ($Million)

16: Argentina: Food Colorants market Revenue,by Application, 2018-2023 ($Million)

17: Argentina: Acidulants market Revenue,by Type, 2018-2023 ($Million)

18: Argentina: Acidulants market Revenue,by Application, 2018-2023 ($Million)

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