Key regions: Japan, Philippines, United Kingdom, India, South Korea
The Other Dairy Products & Eggs Market in Argentina is experiencing substantial growth, driven by factors such as increasing demand for digital technologies, growing health awareness, and the convenience of online services. This growth is influenced by the rising population and changing consumer preferences towards healthier food options.
Customer preferences: As consumer awareness of the environmental impact of dairy production grows, there is a growing demand for sustainable and ethically-sourced dairy alternatives. This trend is particularly prominent among younger generations, who are increasingly opting for plant-based milk and yogurt options. Additionally, the rise of flexitarian and vegan diets has led to an increase in demand for non-dairy cheese and egg substitutes, creating new opportunities for dairy-free product manufacturers.
Trends in the market: In Argentina, there is a growing demand for plant-based dairy alternatives such as almond milk, soy milk, and oat milk. This trend is driven by health and environmental concerns, as well as the increasing number of consumers following a vegan or lactose-free diet. This shift towards plant-based dairy products is expected to continue, with companies investing in research and development to create innovative and tasty alternatives. This presents an opportunity for industry stakeholders to expand their product offerings and cater to the changing consumer preferences. However, it also poses a threat to traditional dairy producers, who may need to adapt their strategies to stay competitive in the market.
Local special circumstances: In Argentina, the Other Dairy Products & Eggs Market is heavily influenced by the country's rich agricultural heritage and strong dairy industry. The market benefits from a large supply of locally produced milk and eggs, resulting in a wide variety of high-quality products. Additionally, Argentina's cultural preference for fresh, natural dairy products drives demand for artisanal and organic options. However, strict regulations on imports and exports can limit market growth and create barriers for international players.
Underlying macroeconomic factors: The Other Dairy Products & Eggs Market of the Dairy Products & Eggs Market within The Food market in Argentina is influenced by various macroeconomic factors. These include the country's economic health, global economic trends, and fiscal policies. Argentina's current economic crisis has led to a decrease in consumer spending, which has affected the demand for dairy products and other related products. Additionally, the country's high inflation rate and currency devaluation have also impacted the market, making it challenging for manufacturers and suppliers to maintain competitive pricing. On the other hand, favorable government policies and investments in the dairy industry have contributed to the market's growth. Furthermore, the increasing health consciousness and changing dietary habits of the population have also influenced the demand for healthier dairy alternatives, such as plant-based milk and dairy-free products.
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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