Market Size of Argentina Snack Bar Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 15.98 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
Argentina Snacks Bars Market Analysis
Argentina Snack Bar Market is projected to grow at a CAGR of 15.98% during the forecast period (2020-2025).
- Consumer demand for convenient and healthy on-the-go snack options has by-far been the primary attribute for the sales of snack bars all over the world. The energy bar segment dominates theArgentina snack bar market,owing to high demand for nutritional products.
- The free-from categories of snack bars that are devoid of ingredients, such as sugar, gluten and GMO, which carry negative public-health opinions, are expected to significant sales in countries, such as Brazil and Argentina.
- Argentinians are rational shoppers as they have found supermarkets as an ideal place to shop for low priced products during the times of inflation in their country.
Argentina Snacks Bars Industry Segmentation
Argentina Snacks Bars Market is segmented by product type that inludes cereal bars energy bars and other snack bars. The cereal bars section is further divided into granola/muesli bars and other cereal bars. Based on distribution channel, the market is fragmneted into hypermarkets/supermarkets, convenience stores, specialty stores, online stores and others.
| By Product Type | ||||
| ||||
| Energy Bars | ||||
| Other Snack Bars |
| By Distribution Channel | |
| Hypermarkets/Supermarket | |
| Convenience Stores | |
| Speciality Stores | |
| Online Stores | |
| Others |
Argentina Snack Bar Market Size Summary
The Argentinean snack bar market is experiencing significant growth, driven by a rising consumer preference for convenient and healthy on-the-go snack options. The energy bar segment leads the market, fueled by the demand for nutritional products. There is a notable shift towards snack bars that are free from ingredients like sugar, gluten, and GMOs, which are perceived negatively by the public. This trend is particularly strong in Argentina and neighboring countries like Brazil. Supermarkets have become a popular shopping destination for Argentinians seeking affordable products, especially during periods of inflation. The market is characterized by a growing interest in high-quality premium snacking options, particularly among the affluent segment of the population. Cereal and energy bars are increasingly positioned as premium products, contributing to substantial value-based sales growth in the region.
The Argentinean snack bar market is also witnessing a surge in online shopping, with e-commerce sales expected to continue rising. This shift is partly due to a growing health consciousness among consumers, who are transitioning from sweet biscuits to healthier snack bars. The market is highly competitive, with both global and regional players such as General Mills, GEORGALOS HNOS SAICA, Skout Backcountry LLC, and Nestle actively participating. These companies are innovating with new product lines to enhance their market presence, as seen with General Mills' introduction of yogurt and snack offerings. The competitive landscape is marked by the presence of prominent brands and a focus on meeting the evolving consumer demands for health-oriented and convenient snack options.
Argentina Snack Bar Market Size - Table of Contents
-
1. MARKET DYNAMICS
-
1.1 Market Drivers
-
1.2 Market Restraints
-
1.3 Porter's Five Forces Analysis
-
1.3.1 Threat of New Entrants
-
1.3.2 Bargaining Power of Buyers/Consumers
-
1.3.3 Bargaining Power of Suppliers
-
1.3.4 Threat of Substitute Products
-
1.3.5 Intensity of Competitive Rivalry
-
-
-
2. MARKET SEGMENTATION
-
2.1 By Product Type
-
2.1.1 Cereal Bars
-
2.1.1.1 Granola/Muesli Bars
-
2.1.1.2 Other Cereal Bars
-
-
2.1.2 Energy Bars
-
2.1.3 Other Snack Bars
-
-
2.2 By Distribution Channel
-
2.2.1 Hypermarkets/Supermarket
-
2.2.2 Convenience Stores
-
2.2.3 Speciality Stores
-
2.2.4 Online Stores
-
2.2.5 Others
-
-
Argentina Snack Bar Market Size FAQs
What is the current Argentina Snack Bar Market size?
The Argentina Snack Bar Market is projected to register a CAGR of 15.98% during the forecast period (2024-2029)
Who are the key players in Argentina Snack Bar Market?
General Mills, Inc., GEORGALOS HNOS SAICA, Skout Backcountry LLC, Nestle and The Hershey Company are the major companies operating in the Argentina Snack Bar Market.
