Baby Cereals & Other Dried Baby Food - Argentina

Argentina

Revenue in the Baby Cereals & Other Dried Baby Food market amounts to US$6.17m in 2024. The market is expected to grow annually by 3.56% (CAGR 2024-2029).
In global comparison, most revenue is generated in China (US$2,044m in 2024).
In relation to total population figures, per person revenues of US$0.13 are generated in 2024.
In the Baby Cereals & Other Dried Baby Food market, volume is expected to amount to 0.45m kg by 2029. The Baby Cereals & Other Dried Baby Food market is expected to show a volume growth of -3.2% in 2025.
The average volume per person in the Baby Cereals & Other Dried Baby Food market is expected to amount to 0.0kg in 2024.

Key regions: Spain, Russia, Japan, India, United States

Market

Region

Region comparison

Currency

Analyst Opinion

The Baby Cereals & Other Dried Baby Food Market in Argentina is facing negligible growth, influenced by factors such as low birth rates and economic instability. Despite this, the market is still driven by increasing awareness of infant health and the convenience of online shopping.

Customer preferences: The growing trend of health-consciousness among parents has led to a rise in demand for organic and natural baby food products, including baby cereals and other dried baby food. This shift is influenced by cultural preferences for natural and traditional ingredients, as well as a desire for healthier options for their children. Additionally, the rise in dual-income households and busy lifestyles has resulted in a demand for convenience, leading to an increase in sales of ready-to-eat and on-the-go baby food products.

Trends in the market: In Argentina, the Baby Cereals & Other Dried Baby Food Market of the Baby Food Market within The Food market is experiencing a shift towards healthier and organic options. This trend is driven by parents' increasing awareness of the impact of nutrition on their child's development. As a result, there is a growing demand for natural and nutrient-rich baby food products. This trend is expected to continue, with companies investing in research and development to meet this demand. Additionally, there is a rise in online sales of baby food, providing convenience to busy parents. However, this trend also poses challenges for traditional retailers, who may need to adapt their strategies to remain competitive in the market.

Local special circumstances: In Argentina, the Baby Cereals & Other Dried Baby Food market is heavily influenced by cultural traditions and preferences. The country has a strong culture of homemade baby food, leading to a preference for organic and natural products. This is reflected in the market, with a wide range of local and international brands offering organic baby food options. Additionally, government regulations for food safety and labeling have a significant impact on the market, with strict guidelines for baby food products. These unique factors shape the dynamics of the Baby Cereals & Other Dried Baby Food market in Argentina.

Underlying macroeconomic factors: The Baby Cereals & Other Dried Baby Food Market within The Food market is greatly impacted by macroeconomic factors in Argentina. The country's economic health, fiscal policies, and global economic trends all play a significant role in the performance of this market. In recent years, Argentina has faced economic challenges, including high inflation and currency devaluation, which have affected consumer purchasing power and overall market demand. Additionally, changes in fiscal policies, such as tax increases, can impact the cost of production for baby food manufacturers and ultimately, the prices of their products. Furthermore, global economic trends, such as trade policies and international market conditions, can also have an influence on the Baby Cereals & Other Dried Baby Food Market in Argentina. It is important for companies operating in this market to closely monitor these macroeconomic factors and adjust their strategies accordingly to maintain a competitive edge.

Methodology

Data coverage:

The data encompasses B2C enterprises. Figures are based on the total consumer spending on food, which comprises all private household spending on food that is meant for at-home consumption (out-of-home consumption is not accounted for).

Modeling approach:

Market sizes are determined through a top-down approach, building on specific predefined factors for each market segment. As a basis for evaluating markets, we use resources from the Statista platform as well as in-house market research, national statistical offices, international institutions, trade associations, companies, the trade press, and the experience of our analysts. In addition, we use relevant key market indicators and data from country-specific associations, such as GDP, consumer spending, and consumer price index. This data helps us estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the relevant market. For example, the exponential trend smoothing is well suited for forecasting the Food market with a projected steady growth. The main drivers are GDP per capita and consumer spending per capita.

Additional notes:

The data is modeled using current exchange rates. The impact of the COVID-19 pandemic and the Russia-Ukraine war are considered at a country-specific level. The market is updated twice a year.