Market Size of Argentina Grains Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 6.30 % |
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Argentina Grains Market Analysis
The Argentine grains market is expected to register a CAGR of 6.3% for the forecast period (2020-2025). Grains and cereals are part of major diets in Argentina. These staple foods are the base of bread, pasta, muesli which are part of daily meals. Grains and cereals are also used as animal feed for cattle, chickens, fish and pigs. Furthermore, these commodities namely maize and soybean are an important part of the economy for Argentina, as they are highly exported agricultural products. The area of Argentinian land devoted to soybean cultivation is expected to continuously increase in the present decade which covers 16 million hectares of land. Besides being one of the main global producers of soybean, Argentina produces over six million tons of soybean oil per year, which makes it a third-largest producer of the edible oil globally.
