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Argentina Functional Food Market Size, Share, Growth: By Ingredient: Minerals, Probiotics, Vitamins, Prebiotics and Dietary Fibre, Proteins and Amino Acids, Others; By Product: Dairy Products, Bakery and Cereals, Soy Products, Fats and Oils, Meat, Fish, and Eggs, Others; By Application; By Distribution Channel; Competitive Landscape; 2024-2032
Argentina Functional Food Market Outlook
The Argentina functional food market size is projected to expand at a CAGR of 6.80% between 2024 and 2032.
Key Takeaways
- There is a notable surge in demand for functional dairy products like yoghurt in Argentina as a healthier alternative to flavoured and sugary dairy beverages.
- The rise in veganism and vegetarianism is driving the demand for natural and plant-based functional foods.
- Companies are responding to consumers’ demands by introducing innovative alternatives to traditional products, meeting their dietary needs and preferences.
Functional foods include specific substances that can potentially improve health or prevent diseases and these additional components may consist of essential nutrients, phytochemicals, dietary fibre, and probiotics. The popularity of functional foods enriched with vital nutrients has been driven by their positive impact on health and to support healthy ageing.
As per the Argentina functional food market analysis, major market players are introducing innovative functional food products to gain a competitive advantage. For instance, in November 2023, Nestlé launched N3 milk, derived from cow's milk, becoming the first of its kind. It contains all the necessary nutrients typically found in milk, including proteins, vitamins, and minerals, and the product is also enriched with prebiotic fibres, has a reduced lactose content, and boasts over 15% fewer calories.
As the shift towards veganism and vegetarianism continues to grow, the demand for plant-based nutrition is expected to rise, consequently driving up the Argentina functional food market share. The natural functional food market is experiencing a significant expansion due to this dietary shift. This surge in demand for plant-based alternatives has prompted companies to develop and offer a wider range of options, replacing traditional animal-based products. In response to this demand, companies are investing in research and development to create innovative plant-based functional foods that mimic the taste, texture, and nutritional profile of animal-based products.
Market Segmentation
“Argentina Functional Food Market Report and Forecast 2024-2032” offers a detailed analysis of the market based on the following segments:
Market Breakup by Ingredient
- Minerals
- Probiotics
- Vitamins
- Prebiotics and Dietary Fibre
- Proteins and Amino Acids
- Others
Market Breakup by Product
- Dairy Products
- Bakery and Cereals
- Soy Products
- Fats and Oils
- Meat, Fish, and Eggs
- Others
Market Breakup by Application
- Weight Management
- Sports Nutrition
- Cardio Health
- Clinical Nutrition
- Others
Market Breakup by Distribution Channel
- Hypermarkets and Supermarkets
- Convenience Stores
- Online Channels
- Others
Competitive Landscape
The companies are focusing on product diversification to meet the specific dietary requirements of consumers and are increasingly investing in product marketing to expand their consumer base
- Nestlé SA
- Danone S.A.
- Unilever plc
- Mondelez International Inc.
- Kellanova
- Arcor Group
- Molinos Río de la Plata SA
- LEDESMA S.A.A.I.
- Others
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Ingredient |
|
| Breakup by Product |
|
| Breakup by Application |
|
| Breakup by Distribution Channel |
|
| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
7 Opportunities and Challenges in the Market
8 Latin America Functional Food Market Overview
8.1 Key Industry Highlights
8.2 Latin America Functional Food Historical Market (2018-2023)
8.3 Latin America Functional Food Market Forecast (2024-2032)
8.4 Latin America Functional Food Market Share by Country
8.4.1 Brazil
8.4.2 Argentina
8.4.3 Mexico
8.4.4 Others
9 Argentina Functional Food Market Overview
9.1 Key Industry Highlights
9.2 Argentina Functional Food Historical Market (2018-2023)
9.3 Argentina Functional Food Market Forecast (2024-2032)
10 Argentina Functional Food Market by Ingredient
10.1 Minerals
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Probiotics
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 Vitamins
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Prebiotics and Dietary Fibre
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Proteins and Amino Acids
10.5.1 Historical Trend (2018-2023)
10.5.2 Forecast Trend (2024-2032)
10.6 Others
11 Argentina Functional Food Market by Product
11.1 Dairy Products
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Bakery and Cereals
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 Soy Products
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 Fats and Oils
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Meat, Fish, and Eggs
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Others
12 Argentina Functional Food Market by Application
12.1 Weight Management
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Sports Nutrition
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Cardio Health
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Clinical Nutrition
12.4.1 Historical Trend (2018-2023)
12.4.2 Forecast Trend (2024-2032)
12.5 Others
13 Argentina Functional Food Market by Distribution Channel
13.1 Hypermarkets and Supermarkets
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 Convenience Stores
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Online Channels
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Competitive Landscape
15.1 Market Structure
15.2 Company Profiles
15.2.1 Nestlé SA
15.2.1.1 Company Overview
15.2.1.2 Product Portfolio
15.2.1.3 Demographic Reach and Achievements
15.2.1.4 Certifications
15.2.2 Danone S.A.
15.2.2.1 Company Overview
15.2.2.2 Product Portfolio
15.2.2.3 Demographic Reach and Achievements
15.2.2.4 Certifications
15.2.3 Unilever plc
15.2.3.1 Company Overview
15.2.3.2 Product Portfolio
15.2.3.3 Demographic Reach and Achievements
15.2.3.4 Certifications
15.2.4 Mondelez International Inc.
15.2.4.1 Company Overview
15.2.4.2 Product Portfolio
15.2.4.3 Demographic Reach and Achievements
15.2.4.4 Certifications
15.2.5 Kellanova
15.2.5.1 Company Overview
15.2.5.2 Product Portfolio
15.2.5.3 Demographic Reach and Achievements
15.2.5.4 Certifications
15.2.6 Arcor Group
15.2.6.1 Company Overview
15.2.6.2 Product Portfolio
15.2.6.3 Demographic Reach and Achievements
15.2.6.4 Certifications
15.2.7 Molinos Río de la Plata SA
15.2.7.1 Company Overview
15.2.7.2 Product Portfolio
15.2.7.3 Demographic Reach and Achievements
15.2.7.4 Certifications
15.2.8 LEDESMA S.A.A.I.
15.2.8.1 Company Overview
15.2.8.2 Product Portfolio
15.2.8.3 Demographic Reach and Achievements
15.2.8.4 Certifications
15.2.9 Others
16 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Latin America Functional Food Market: Key Industry Highlights, 2018 and 2032
2. Argentina Functional Food Market: Key Industry Highlights, 2018 and 2032
3. Argentina Functional Food Historical Market: Breakup by Ingredient (USD Million), 2018-2023
4. Argentina Functional Food Market Forecast: Breakup by Ingredient (USD Million), 2024-2032
5. Argentina Functional Food Historical Market: Breakup by Product (USD Million), 2018-2023
6. Argentina Functional Food Market Forecast: Breakup by Product (USD Million), 2024-2032
7. Argentina Functional Food Historical Market: Breakup by Application (USD Million), 2018-2023
8. Argentina Functional Food Market Forecast: Breakup by Application (USD Million), 2024-2032
9. Argentina Functional Food Historical Market: Breakup by Distribution Channel (USD Million), 2018-2023
10. Argentina Functional Food Market Forecast: Breakup by Distribution Channel (USD Million), 2024-2032
11. Argentina Functional Food Market Structure
Key Questions Answered in the Report
The market is projected to grow at a CAGR of 6.80% between 2024 and 2032.
The market is driven by the increasing awareness regarding health and wellness and the rising demand for products fortified with vitamins, minerals, and probiotics from the elderly population in Argentina to support healthy ageing.
The key trends aiding the market expansion include the growing demand for natural and plant-based functional foods and product launches by manufacturers to meet evolving consumer preferences.
The major ingredients are minerals, probiotics, vitamins, prebiotics and dietary fibre, and proteins and amino acids, among others.
The major distribution channels are hypermarkets and supermarkets, convenience stores, online channels, and others.
The key players in the market are Nestlé SA, Danone S.A., Unilever plc, Mondelez International Inc., Kellanova, Arcor Group, Molinos Río de la Plata SA, and LEDESMA S.A.A.I., among others.
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