Argentina Food Enzymes Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

Argentina Food Enzymes Market is segmented by Application (Bakery, Confectionery, Dairy and Frozen Desserts, Meat Poultry and Sea Food Products, Beverages and Others).

Market Snapshot

Argentina Food Enzymes Market Summary
Study Period: 2016 - 2026
Base Year: 2019
CAGR: 5.6 %

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Market Overview

Argentina Food Enzymes Market is anticipated to grow at a CAGR of 5.6% during the forecasted period(2020-2025).

  • The food enzyme market is witnessing rapid growth due to the increasing demand for processed food in the country and wide applications of the enzymes in the processed food industry are driving the market.
  • Innovation in food technology in the country and the growing awareness about better-quality products being manufactured, by utilizing enzymes, are further driving the market.
  • Apart from this, the increasing penetration of organized retail in urban and rural centers are also boosting the food enzymes market in Argentina.

Scope of the report

Argentina Food Enzymes Market is segmented by Application into Bakery, Confectionery, Dairy and Frozen Desserts, Meat Poultry and Sea Food Products, Beverages and Others. The report also include the top line revenues and product offerings of the major players in the market.

By Application
Bakery
Confectionery
Dairy and Frozen Desserts
Meat Poultry and Sea Food Products
Beverages
Others

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Key Market Trends

Growing Demand For Specialty Enzymes

The consumers in Argentina have reduced their consumption of sugar, soft drinks, and beverages, over recent years. Specialty enzymes are mainly sourced from microorganisms and plants. They are used in various foods and beverages, baking, brewing, crafting alcohol, fruit and vegetable processing, grain alcohol, etc. Argentina is a potential market, greatly due to the economic growth and the shift of the consumers' preference toward healthy and value-added food products. Health-conscious consumers are inclined toward low-calorie and low-sugar beverages, with natural ingredients.

Argentina Food Enzymes - 2

Growing Demand For Processed Meat In The Country

There is a growing demand for processed meat in the country. Over the past few years, the pork consumption in the country has grown by an average of 10% per annum and 65% in total, with the current per capita consumption at 17 kg driving the demand for processed pork products, presently. The growing demand for beef across various countries spiked prices in the domestic markets of Brazil and Argentina. Moreover, in 2019, the General Administration of Customs of China (GACC) granted permission for nine new Argentine beef plants to export frozen beef and chilled beef to China. Furthermore, owing to the rising demand for processed meat across the country, manufacturers operating in the global market are focusing on adopting strategic measures to expand their presence in the country.

Argentina Food Enzymes Market - 2

Competitive Landscape

Argentina food enzymes market is a consolidated market with major players in the market holding a pominent market share. Companies operating in the market are expanding their product portfolios to cater a wider customer group.

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions & Market Definition

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Drivers

    2. 4.2 Market Restraints

    3. 4.3 Porter's Five Forces Analysis

      1. 4.3.1 Threat of New Entrants

      2. 4.3.2 Bargaining Power of Buyers/Consumers

      3. 4.3.3 Bargaining Power of Suppliers

      4. 4.3.4 Threat of Substitute Products

      5. 4.3.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION

    1. 5.1 By Application

      1. 5.1.1 Bakery

      2. 5.1.2 Confectionery

      3. 5.1.3 Dairy and Frozen Desserts

      4. 5.1.4 Meat Poultry and Sea Food Products

      5. 5.1.5 Beverages

      6. 5.1.6 Others

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Most Active Companies

    2. 6.2 Most Adopted Strategies

    3. 6.3 Market Share Analysis

    4. 6.4 Company Profiles

      1. 6.4.1 Kerry Group

      2. 6.4.2 DuPont

      3. 6.4.3 DSM

      4. 6.4.4 Chr. Hansen Holding A/S

      5. 6.4.5 Novozymes

      6. 6.4.6 ABF Ingredients

      7. 6.4.7 ArgenBio

      8. 6.4.8 Groupe Souffiet(AIT Ingredients)

    5. *List Not Exhaustive
  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

**Subject to Availability

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Frequently Asked Questions

The Argentina Food Enzymes Market market is studied from 2016 - 2026.

The Argentina Food Enzymes Market is growing at a CAGR of 5.6% over the next 5 years.

Kerry Group, DuPont, DSM , Chr. Hansen Holding A/S are the major companies operating in Argentina Food Enzymes Market.

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