Market Size of Argentina Food Preservatives Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 4.20 % |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Argentina Food Preservatives Market Analysis
Argentina Food Preservatives market is projected to witness a CAGR of 4.20% during the forecast period (2020 - 2025).
- Nowadays mostly all food products being produced in the country have food preservatives. The purpose is generally to preserve the natural characteristics of food and to increase the shelf life of food, and inhibit natural aging and discoloration that can occur during food preparation. Therefore, this factor is driving the market forward in the country.
- But there are certain harmful effects of using chemicals for preservation such as; Sulfites are common preservatives used in various fruits, may have side effects in form of headaches, palpitations, allergies, and even cancer, which can restraint the market during the forecast period, as in 2017, the country reported a total of 44,548 patients diagnosed with cancer, up from 1,081 patients diagnosed in 2012 (as per the report published by Ministerio de Salud, Argentina.
Argentina Food Preservatives Industry Segmentation
The Argentina food preservatives market offers a variety of preservatives including natural and synthetic type. On the basis of application, the market is segmented into beverage, dairy & frozen products, bakery, meat, poultry & seafood, confectionery, and other industries.
| By Type | |
| Natural | |
| Synthetic |
| By Application | |
| Beverage | |
| Dairy & Frozen Product | |
| Bakery Products | |
| Meat, Poultry & Seafood | |
| Confectionery | |
| Others |
Argentina Food Preservatives Market Size Summary
The Argentina food preservatives market is experiencing a steady growth trajectory, driven by the increasing incorporation of preservatives in food products to enhance shelf life and maintain quality. The food processing industry in Argentina is vibrant, with ongoing capital investments and a focus on extending the longevity of food products. Government initiatives like the Precios Esenciales program are expected to bolster the demand for food processing ingredients, including preservatives. However, the market faces challenges due to the potential health risks associated with chemical preservatives, which could restrain growth. Despite these challenges, the market is supported by a shift towards natural preservatives, driven by consumer preferences for healthier and value-added food options.
The market landscape is characterized by the presence of major companies such as Celanese Corporation, Corbion NV, and Kerry Group plc, which are involved in the production and import of food preservatives. The expansion of foreign players in the Argentine food processing sector is anticipated to enhance the application of specialty food ingredients. Additionally, stricter food safety regulations and the adoption of international standards are expected to boost the demand for natural preservatives. The competition in the market is intensified by the importation of low-cost or bulk ingredients, which addresses local supply shortages or high domestic prices. Overall, advancements in production technology and improved distribution channels are poised to drive the market's growth in the coming years.
Argentina Food Preservatives Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Drivers
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1.2 Market Restraints
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1.3 Porter's Five Forces Analysis
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1.3.1 Threat of New Entrants
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1.3.2 Bargaining Power of Buyers/Consumers
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1.3.3 Bargaining Power of Suppliers
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1.3.4 Threat of Substitute Products
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1.3.5 Intensity of Competitive Rivalry
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2. MARKET SEGMENTATION
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2.1 By Type
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2.1.1 Natural
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2.1.2 Synthetic
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2.2 By Application
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2.2.1 Beverage
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2.2.2 Dairy & Frozen Product
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2.2.3 Bakery Products
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2.2.4 Meat, Poultry & Seafood
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2.2.5 Confectionery
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2.2.6 Others
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Argentina Food Preservatives Market Size FAQs
What is the current Argentina Food Preservatives Market size?
The Argentina Food Preservatives Market is projected to register a CAGR of 4.20% during the forecast period (2024-2029)
Who are the key players in Argentina Food Preservatives Market?
Celanese Corporation, Aadhunik Industries, Cargill, Incorporated, DuPont de Nemours, Inc and Kerry Group plc are the major companies operating in the Argentina Food Preservatives Market.
