Key regions: China, South Korea, Russia, United Kingdom, India
The Cheese Market in Argentina has been experiencing subdued growth, impacted by factors such as changing consumer preferences and fluctuating prices of dairy products. Despite this, the market continues to expand, driven by increasing demand for high-quality dairy products and the convenience of online shopping.
Customer preferences: As Argentina's economy continues to recover, consumers are seeking affordable yet high-quality dairy products, leading to a rise in the demand for locally produced cheese. With rising health consciousness, there is also a growing preference for organic and artisanal cheese options. Additionally, the trend towards plant-based diets has spurred the development of alternative cheese products made from nuts, soy, and other non-dairy sources. These shifts in consumer preferences reflect a wider cultural shift towards sustainable and healthy food choices in the country.
Trends in the market: In Argentina, the Cheese Market of the Dairy Products & Eggs Market within The Food market is currently experiencing a shift towards healthier and more sustainable options. This trend is driven by growing consumer awareness and demand for organic, locally-sourced, and plant-based cheese products. Additionally, there is a rise in online shopping and delivery services, making it easier for consumers to access these products. This trend is expected to continue, with potential implications for industry stakeholders such as the need to innovate and adapt to changing consumer preferences, and the potential for increased competition in the market.
Local special circumstances: In Argentina, the Cheese Market of the Dairy Products & Eggs Market within The Food market is heavily influenced by the country's strong dairy tradition and high consumption of cheese in local cuisine. The market is also impacted by the country's protectionist trade policies, which have led to a strong domestic production and limited imports. Additionally, the country's vast land and diverse climate allow for a wide variety of cheese production, leading to a rich and diverse market. These factors contribute to the market's unique dynamics and make it a highly competitive and dynamic industry.
Underlying macroeconomic factors: The Cheese Market of the Dairy Products & Eggs Market within The Food market in Argentina is influenced by various macroeconomic factors. Global economic trends play a crucial role in determining the demand for cheese, as it is a widely consumed product worldwide. The national economic health of Argentina, such as GDP growth, inflation rates, and consumer spending, also impacts the market performance. Fiscal policies, such as tariffs and subsidies, can affect the import and export of cheese, influencing the supply and demand dynamics. Other relevant financial indicators, such as exchange rates and interest rates, also play a significant role in shaping the market conditions for cheese in Argentina.
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.
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