Argentina Food Flavor & Enhancer Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 3.70 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Argentina Food Flavor & Enhancer Market Analysis
The Argentine food flavor and enhancer market is projected register a CAGR of 3.7% during the forecast period, 2020-2025.
- The market is majorly driven by the distinct taste profiles preferred by the consumers, as a result of the frequent launches of distinct flavors and enhancers by the key players. For instance, Firmenich launched a new line of natural flavor solutions, 'Protein Shield Flavors' for the beverage products with high protein content. In addition, consumer inclination toward clean-label and organic products boosts the natural food flavor segment of the market.
Argentina Food Flavor & Enhancer Market Trends
This section covers the major market trends shaping the Argentina Food Flavor & Enhancer Market according to our research experts:
Growing Inclination Toward Clean Label Ingredients
The trend of naturally sourced ingredients has been spreading across the South American region, especially in Argentina and Brazil. Food and beverage companies have been largely affected with almost all international and local players forced to remove artificial flavors and additives from their product lines. In parallel, the clean label affected the country's flavor market, wherein producers have responded with high innovation and investments in research and development activities. As consumers are highly skeptical about artificial additives, the rise in consumer's concern on the usage of food additives and preservatives led to the demand growth for transparency and clean labels, thus, hindering the artificial flavor and additive segments of the market.
Rising Market for Natural Flavors and Enhancers
Natural flavors are substances that are extracted from plants, herbs and spices, fruits, vegetables, or microbial fermentation. The increasing interest in the nutritionally enriched and natural products promoted the demand for natural flavors in the market. Natural herbs and spices were earlier used only in domestic cooking for flavors, which are now used at an industrial level by various players. Additionally, various companies have their own special authentic flavors. Thus, launches of new innovative natural and exotic flavors by the key players are fueling the market growth. Rosemary extracts have a growing demand in the market for its antioxidant property.
Argentina Food Flavor & Enhancer Industry Overview
The Argentine food flavor and enhancer market is competitive and fragmented in nature, owing to the presence of many regional and domestic players. Emphasis is given on the merger, expansion, acquisition, and partnership of the companies, along with new product development as strategic approaches adopted by the leading companies, to boost their brand presence among consumers. Key players dominating the market include Corbion NV, Givaudan, Firmenich SA, Bell Flavors & Fragrances, GrupoSaporiti SA, and Sensient Technologies Corporation, among others.
Argentina Food Flavor & Enhancer Market Leaders
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Corbion N.V.
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Givaudan
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Firmenich SA
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Bell Flavors & Fragrances
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GrupoSaporiti S.A.
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Sensient Technologies Corporation
*Disclaimer: Major Players sorted in no particular order
Argentina Food Flavor & Enhancer Market Report - Table of Contents
1. INTRODUCTION
- 1.1 Study Deliverables
- 1.2 Study Assumptions
- 1.3 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
- 4.1 Market Drivers
- 4.2 Market Restraints
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4.3 Porter's Five Forces Analysis
- 4.3.1 Threat of New Entrants
- 4.3.2 Bargaining Power of Buyers/Consumers
- 4.3.3 Bargaining Power of Suppliers
- 4.3.4 Threat of Substitute Products
- 4.3.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
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5.1 By Type
- 5.1.1 Natural Flavor
- 5.1.2 Synthetic Flavor
- 5.1.3 Nature Identical Flavoring
- 5.1.4 Flavor Enhancers
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5.2 By Application
- 5.2.1 Dairy Products
- 5.2.2 Bakery
- 5.2.3 Confectionery
- 5.2.4 Processed Food
- 5.2.5 Beverage
- 5.2.6 Other Applications
6. COMPETITIVE LANDSCAPE
- 6.1 Most Adopted Strategies
- 6.2 Market Position Analysis
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6.3 Company Profiles
- 6.3.1 Corbion NV
- 6.3.2 Givaudan
- 6.3.3 Firmenich SA
- 6.3.4 Bell Flavors & Fragrances
- 6.3.5 GrupoSaporiti SA
- 6.3.6 Sensient Technologies Corporation
- 6.3.7 Fritzsche Saica
- 6.3.8 Symrise
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
Argentina Food Flavor & Enhancer Industry Segmentation
The Argentine food flavor and enhancer market is segmented by type into the natural flavor, synthetic flavor, nature identical flavoring, and flavor enhancers. Additionally, the market studied is segmented by application into bakery, confectionery, beverages, dairy, processed food, and other applications.
| By Type | Natural Flavor |
| Synthetic Flavor | |
| Nature Identical Flavoring | |
| Flavor Enhancers | |
| By Application | Dairy Products |
| Bakery | |
| Confectionery | |
| Processed Food | |
| Beverage | |
| Other Applications |
Argentina Food Flavor & Enhancer Market Research FAQs
What is the current Argentina Food Flavor and Enhancer Market size?
The Argentina Food Flavor and Enhancer Market is projected to register a CAGR of 3.70% during the forecast period (2024-2029)
Who are the key players in Argentina Food Flavor and Enhancer Market?
Corbion N.V., Givaudan, Firmenich SA, Bell Flavors & Fragrances, GrupoSaporiti S.A. and Sensient Technologies Corporation are the major companies operating in the Argentina Food Flavor and Enhancer Market.
What years does this Argentina Food Flavor and Enhancer Market cover?
The report covers the Argentina Food Flavor and Enhancer Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Argentina Food Flavor and Enhancer Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Argentina Food Flavor and Enhancer Industry Report
Statistics for the 2024 Argentina Food Flavor and Enhancer market market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Argentina Food Flavor and Enhancer market analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
