Market Trends of Argentina Food Enzymes Industry
This section covers the major market trends shaping the Argentina Food Enzymes Market according to our research experts:
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.
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.
