Market Size of Argentina Fruits & Vegetables Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 4.50 % |
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Argentina Fruits and Vegetables Market Analysis
The Argentina fruits and vegetable market is projected to register a CAGR of 4.5% during the forecast period.
- Due to favorable weather conditions, the production of Argentina's most fresh and deciduous fruits, such as apples, pears, and grapes, increased tremendously in recent years. Domestic consumption of fresh fruits is also expected to grow due to a significant increase in production and the lack of competitiveness of local exporters in the international market.
- Fruits and vegetables are important supplements to the human diet as they provide the essential nutrients required for maintaining health. Argentina is one of the major producers of fruits and vegetables globally. It produces several horticultural crops like apples, bananas, oranges, pears, grapes, lemons, tomatoes, carrots, onions, chili, and pumpkins.
- Argentina's economic problems in the past decade have led to reduced profitability in the sector, resulting in the area gradually declining in the major fresh fruit and vegetable growing regions of Argentina. Besides the lack of profitability affecting most fruit producers, grape producers face water scarcity, which also affects fruit prices in the country.
- However, improving farming techniques through increasing investment by public and private companies in the market is expected to drive the development of the fruits and vegetables market in the country. Several companies are investing in greenhouse farming techniques to increase the production of fruits and vegetables and thereby improve the domestic supply to satiate the growing demands of consumers.
