Market Snapshot
| Study Period: | 2016 - 2026 |
| Base Year: | 2021 |
| CAGR: | 5.65 % |
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Market Overview
The Argentine food additives market is forecast to witness a CAGR of 5.65% during the forecast period, 2020-2025.
- Population growth, coupled with higher food production and demand, is the primary factor leading to the 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 essential component of these kinds of foods.
- The country is one of the developing economies in the region, and this factor is expected to increase the demand for packaged food, in turn, drive the food additives industry. Growing consumer awareness of the benefits of natural additives and functional food additives would help capture the new markets in the region.
Scope of the Report
The Argentine food additives market is segmented by type and application. Based on type, the market is segmented into preservatives, sweeteners, sugar substitutes, emulsifiers, anti-caking agents, enzymes, hydrocolloids, food flavors and enhancers, food colorants, and acidulants. Based on application, the market is segmented into beverages, dairy and frozen products, bakery, meat industry, confectionery, and other applications.
| By Type | |
| Preservatives | |
| Sweetener | |
| Sugar Substitutes | |
| Emulsifier | |
| Anti-caking Agents | |
| Enzymes | |
| Hydrocolloids | |
| Food Flavors and Enhancers | |
| Food Colorants | |
| Acidulants |
| By Application | |
| Beverages | |
| Dairy and Frozen Products | |
| Bakery | |
| Meat Industry | |
| Confectionery | |
| Other Applications |
Key Market Trends
Growing Demand for Retail Food
Food retail is a highly competitive industry, both in developed and developing markets. Increased number of retailers, retail channels, and formats are increasing consumer access to process and convenience foods, further increasing demand for food additives by the food and beverage industry. While providing consumers with competitive prices, quality, and services, the organized retail sector exposes consumers to label information and quality comparison with both private labels and branded products.
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Growing Demand for Sugar Substitutes
Sugar substitutes are food additives that are used to duplicate the effect of sugar in taste, usually with less food energy. The majority of sugar substitutes approved for food use are artificially synthesized compounds. However, some bulk natural sugar substitutes are known, including sorbitol and xylitol, which are found in berries, fruit, vegetables, and mushrooms. Sugar substitutes, like stevia, aspartame, sucralose, neotame, acesulfame potassium, and saccharin, are approved by the USDA and are categorized under GRAS in the American region.
Competitive Landscape
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 customer demand. Many international 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. Some of the significant players are Cargill Incorporated, Kerry Inc., Corbion NV, Tate & Lyle, Archer Daniels Midland Company, Dupont, and Novozymes, among others.
Major Players
Table of Contents
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1. INTRODUCTION
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1.1 Study Assumptions and Market Definition
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1.2 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 Porter's 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 By Type
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5.1.1 Preservatives
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5.1.2 Sweetener
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5.1.3 Sugar Substitutes
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5.1.4 Emulsifier
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5.1.5 Anti-caking Agents
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5.1.6 Enzymes
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5.1.7 Hydrocolloids
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5.1.8 Food Flavors and Enhancers
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5.1.9 Food Colorants
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5.1.10 Acidulants
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5.2 By Application
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5.2.1 Beverages
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5.2.2 Dairy and Frozen Products
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5.2.3 Bakery
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5.2.4 Meat Industry
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5.2.5 Confectionery
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5.2.6 Other Applications
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6. COMPETITIVE LANDSCAPE
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6.1 Most Active Companies
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6.2 Most Adopted Strategies
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6.3 Market Share Analysis
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6.4 Company Profiles
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6.4.1 Cargill Incorporated
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6.4.2 Kerry Inc.
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6.4.3 Corbion NV
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6.4.4 Tate & Lyle
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6.4.5 Archer Daniels Midland Company
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6.4.6 Dupont- Danisco
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6.4.7 Novozymes
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6.4.8 Koninklijke DSM NV
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*List Not Exhaustive -
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7. MARKET OPPORTUNITIES AND FUTURE TRENDS
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Frequently Asked Questions
What is the study period of this market?
The Argentina Food Additives Market market is studied from 2016 - 2026.
What is the growth rate of Argentina Food Additives Market?
The Argentina Food Additives Market is growing at a CAGR of 5.65% over the next 5 years.
Who are the key players in Argentina Food Additives Market?
Cargill Inc, Tate & Lyle Plc, Archer Daniels Midland(ADM), DSM are the major companies operating in Argentina Food Additives Market.
