The Argentina food additives market size is expected to expand at a substantial CAGR during the forecast period, 2021–2028. The growth of the market is attributed to the high demand for a nutritional supplement in Argentina and increasing population
A chemical substance that is added to food during preparation or storage that either becomes a part of the food or modifies its qualities for the aim of obtaining a specific technical effect is referred to as a food additive. Food additives are substances used in food to maintain its nutritional quality, improve its storing quality, make it more appealing, or aid in its manufacturing, packaging, or storage.
Additives keep food fresh and prevent it from spoiling. They prevent bacteria and viruses from growing on food. To assist extend the shelf life of goods, salt and other natural additives are added. As a result, additives aid in the preservation of food quality for a long period of time.
Market Trends, Drivers, Restraints, and Opportunities
- Rising demand for packaged and prepared foods is projected to boost the market.
- Increased use of additives in beverages and food sector is the major factors fueling the market.
- Rising concerns about food safety due to contamination and rising health concerns are key factors fueling the market.
- High cost of natural food additives is expected to hamper the market growth.
- Stringent government laws act as major challenge that can hinder the market expansion in the coming years.
- R&D investment and development of exotic flavors and high nutritional products is projected to offer lucrative opportunities for the market players.
Scope of the Report
The report on the Argentina food additives market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
Attributes
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Details
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Report Title
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Food Additives Market - Argentina Industry Analysis, Growth, Share, Size, Trends, and Forecast
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Base Year
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2020
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Historic Data
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2018–2019
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Forecast Period
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2021–2028
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Segmentation
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Types (Preservatives, Anti-caking Agents, Emulsifiers, Sugar Substitutes, Enzymes, Sweeteners, Food Colorants, Hydrocolloids, Food Flavor & Enhancer, and Acidulants) and Applications (Dairy & Frozen Foods, Bakery & Confectionery, Beverages, Meat Industry, and Others)
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Geography
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Argentina
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Report Coverage
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Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
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Key Players Covered in the Report
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DSM; Tate & Lyle PLC; Archer Daniels Midland (ADM); and Cargill Inc.
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Market Segment Insights
The sugar substitutes segment is projected to represent a major market share
On the basis of types, the Argentina food additives market is segregated into preservatives, anti-caking agents, emulsifiers, sugar substitutes, enzymes, sweeteners, food colorants, hydrocolloids, food flavor & enhancer, and acidulants. The sugar substitute segment is expected to represent a key share of the market during the forecast period.
Many diet foods and beverages employ sweeteners to increase sweetness while reducing calorie content. Bulk sweetener and sugar replacements are included in this category. The bulk sweetener section is the prime, and includes sucrose, fructose, lactose, high fructose corn syrup (HFCS), and others. Consumers' interest in natural sweeteners is growing as health concerns about artificial sweeteners such as aspartame and saccharin grow.
The bakery & confectionery segment is expected to grow at a rapid pace
Based on applications, the market is fragmented into dairy & frozen foods, bakery, confectionery, beverages, meat industry, and others. The bakery & confectionery segment is expected to represent a key share of the market during the forecast period. Argentina’s population has a wide range of likes and inclinations. As a result, manufacturers are always developing and expanding their product variety in order to suit the changing needs of consumers.
Many industrial giants, such as Cadbury Co., Ltd., and Nestlé SA focused on improving its manufacturing capabilities in this region. On the other hand, the meat industry segment is anticipated to expand at a rapid pace during the forecast period due to increasing meat production & consumption, rising demand for protein-rich foods, and growing demand for ready-to-eat food.
In addition, factors such as changing lifestyle, increased disposable income, and population growth are expected to increase the demand for high nutrient value foods which may further increase the demand for food additives during the forecast period.
Segments
Segments Covered in the Report
The Argentina food additives market has been segmented on the basis of
Types
- Preservatives
- Anti-caking Agents
- Emulsifiers
- Sugar Substitutes
- Enzymes, Sweeteners
- Food Colorants
- Hydrocolloids
- Food Flavor & Enhancer
- Acidulants
Applications
- Dairy & Frozen Foods
- Bakery & Confectionery
- Beverages
- Meat Industry
- Others
Key Players
Competitive Landscape
Key players competing in the Argentina food additives market include DSM; Tate & Lyle PLC; Archer Daniels Midland (ADM); and Cargill Inc.
Some of these players are using several market strategies including mergers, acquisitions, partnerships, collaborations, capacity expansion, and product launches to increase their market shares.
