Key regions: Philippines, South Korea, Canada, Japan, China
The Confectionery & Snacks Market in Argentina is seeing moderate growth, influenced by factors such as changing consumer preferences, increasing health consciousness, and the convenience of online shopping. Despite minimal growth, the market is expected to continue expanding due to the popularity of traditional snacks and the emergence of healthier options.
Customer preferences: Consumers in Argentina are increasingly looking for healthier snack options, with a focus on natural and organic ingredients. This trend is driven by a growing awareness of the benefits of a balanced diet and the desire for clean label products. In addition, there is a rising demand for plant-based snacks, as more consumers are adopting vegetarian or vegan lifestyles. This shift towards healthier snacking options is also influenced by the increasing availability of these products in supermarkets and convenience stores.
Trends in the market: In Argentina, the Confectionery & Snacks Market within The Food market is experiencing a shift towards healthier options, with a rise in demand for organic and natural snacks. This trend is driven by increasing consumer awareness about the benefits of a balanced diet and the negative effects of processed foods. Additionally, there is a growing interest in plant-based snacks, as consumers seek more sustainable and environmentally friendly options. This trajectory is significant for industry stakeholders as it presents new opportunities for product innovation and differentiation, but also poses challenges in terms of production and supply chain management. Furthermore, with the rising demand for healthier snacks, there may be potential implications for traditional snack brands, requiring them to adapt and evolve their product offerings to stay competitive in the market.
Local special circumstances: In Argentina, the Confectionery & Snacks Market within The Food market is heavily influenced by the country's diverse cultural background. The strong Italian, Spanish, and indigenous influences have led to a unique range of flavors and products in the market. Additionally, the government's focus on promoting healthy lifestyles has resulted in the popularity of health-conscious snacks and confectionery options. The country's agricultural sector also plays a significant role in the market, with locally sourced ingredients being favored by consumers. Furthermore, Argentina's geographical location has made it a key player in the global cocoa and nut production, contributing to the growth of the confectionery and snacks industry.
Underlying macroeconomic factors: The Confectionery & Snacks Market within The Food market in Argentina is influenced by various macroeconomic factors. The country's economic health, as well as global economic trends, play a significant role in shaping the market. Fiscal policies, such as taxes and subsidies, also impact the market performance. Additionally, consumer spending patterns, inflation rates, and exchange rate fluctuations can greatly affect the demand for confectionery and snacks in Argentina. Furthermore, changing consumer preferences, increasing disposable income, and growing urbanization are expected to drive the market growth in the country.
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.
Mon - Fri, 9am - 6pm (EST)
Mon - Fri, 9am - 5pm (SGT)
Mon - Fri, 10:00am - 6:00pm (JST)
Mon - Fri, 9:30am - 5pm (GMT)
Mon - Fri, 9am - 6pm (EST)
