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Argentina Functional Food Market

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:

  • Ingredient
  • Product
  • Application
  • Distribution Channel
Breakup by Ingredient
  • Minerals
  • Probiotics
  • Vitamins
  • Prebiotics and Dietary Fibre
  • Proteins and Amino Acids
  • Others
Breakup by Product
  • Dairy Products
  • Bakery and Cereals
  • Soy Products
  • Fats and Oils
  • Meat, Fish, and Eggs
  • Others
Breakup by Application
  • Weight Management
  • Sports Nutrition
  • Cardio Health
  • Clinical Nutrition
  • Others
Breakup by Distribution Channel
  • Hypermarkets and Supermarkets
  • Convenience Stores
  • Online Channels
  • Others
Market Dynamics
  • SWOT Analysis
  • Porter's Five Forces Analysis
  • Key Indicators for Demand
  • Key Indicators for Price
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Certifications
Companies Covered
  • 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

 

*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.

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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