Market Size of Argentina Nutraceuticals Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 7.14 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Argentina Nutraceutical Market Analysis
Argentina nutraceutical market is projected to grow at a CAGR of 7.14% during the forecast period (2020- 2025).
- Due to the scientific evidence of nutraceutical being effective adjuncts to pharmacotherapy during all stages of treatment of various diseases, there has been a fundamental shift in global health and wellness industry from disease treatment to prevention of chronic diseases.
- The use of nutraceuticals and functional foods in prevention efforts can lead to decreased dependency on drugs, which has led to serious concerns among pharmaceutical manufacturers. It is, however, expected to drive the growth of the nutraceutical market across the globe and also across Argentina.
Argentina Nutraceutical Industry Segmentation
Argentina nutraceuticals market is segmented into functional food, functional beverage, and dietary supplements. Functional food is sub-categorized into cereal, bakery and confectionery, snacks, dairy products, and others. Functional beverage is sub-categorized into energy drinks, fortified juices, sports drinks, dairy and dairy alternative drinks, and others. The dietary supplements include vitamins, minerals, botanical, enzymes, fatty acids, proteins and others.
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Argentina Nutraceuticals Market Size Summary
The Argentina nutraceutical market is experiencing a significant transformation, driven by a global shift towards preventive health measures and the increasing recognition of nutraceuticals as effective adjuncts to pharmacotherapy. This trend is particularly relevant as the aging population in Argentina seeks solutions to age-related health issues. The market is witnessing a growing demand for functional foods and nutraceuticals that can help mitigate deficiency-related diseases prevalent among the elderly. This demographic shift, coupled with the rising popularity of energy drinks as healthier alternatives to sugary beverages, is propelling the market's expansion. The energy drink sector, led by brands like Red Bull, is thriving as consumers increasingly prioritize a balanced and health-conscious lifestyle.
The market landscape in Argentina is characterized by a consolidated structure with major players such as Danone, Nestle, PepsiCo, Reckitt Benckiser Group, and Herbalife actively expanding their product offerings and market presence. These companies are leveraging strategies like partnerships, joint ventures, and new product launches to align with evolving consumer preferences and to strengthen their foothold in the region. The competitive dynamics are further shaped by local players like La Sibila SA, who are also making strides in capturing market share through acquisitions and innovation. This collaborative and strategic approach among both global and local entities is expected to sustain the growth momentum of the nutraceutical market in Argentina.
Argentina Nutraceuticals 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 Porters 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 Type
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2.1.1 Functional Food
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2.1.1.1 Cereal
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2.1.1.2 Bakery and Confectionery
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2.1.1.3 Snacks
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2.1.1.4 Dairy Product
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2.1.1.5 Others
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2.1.2 Functional Beverage
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2.1.2.1 Energy Drinks
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2.1.2.2 Fortified Juices
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2.1.2.3 Sports Drinks
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2.1.2.4 Dairy and Dairy Alternative Drinks
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2.1.2.5 Others
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2.1.3 Dietary Supplement
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2.1.3.1 Vitamins
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2.1.3.2 Minerals
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2.1.3.3 Botanicals
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2.1.3.4 Enzymes
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2.1.3.5 Fatty Acids
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2.1.3.6 Proteins
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2.1.3.7 Others
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Argentina Nutraceuticals Market Size FAQs
What is the current Argentina Nutraceuticals Market size?
The Argentina Nutraceuticals Market is projected to register a CAGR of 7.14% during the forecast period (2024-2029)
Who are the key players in Argentina Nutraceuticals Market?
Nestle SA, PepsiCo, Danone SA, Reckitt Benckiser Group plc and The Coco-Cola Company are the major companies operating in the Argentina Nutraceuticals Market.
