The Argentina Food Preservatives Market size was at US$ xx million in 2021, and it is predicted that it will reach a valuation of US$ xx million by the end of 2026 with an expansion rate of xx% between 2021 and 2026.
Food preservatives are used in dairy, beverage, meat, snack, and seafood bakeries during processing and packaging to prevent bacterial effects. All natural or synthetic chemicals classified as GRAS (generally registered as safe) by the Food and Drug Association, can be added to food, beverages, cosmetics, pharmaceuticals, etc., to avoid degradation or deterioration by microbial growth or chemical change are called as food preservatives. Since preservatives are used in food to increase shelf life and maintain optimal food quality, population growth and the spread of foodborne illness are expected to drive market growth. Food and drinks are stored after adding food preservatives to reduce the chance of bacterial infection. Additionally, the high prevalence of various foodborne illnesses and disorders, such as abdominal pain, vomiting, and diarrhea, is expected to increase the demand for food preservatives during the forecast period.
The growing demand for natural food preservatives and the increasing consumption of organic foods are supposed to be major growth drivers for the Argentina food preservatives market during the outlook period.
The kind of food supply and the rising criticality in the food supply chain have resulted in a hike in demand for the novel products and technologies that can extend the existing shelf life of foods, leading to increased call for food preservatives. In this process, the shelf life is extended, and the color, flavor and texture of the food are improved, preserving the natural properties of the food. Preservation technology to prevent food spoilage has been in place for many years. With the growing interest of consumers in natural foods, some companies have begun to replace artificial food preservatives with natural preservatives in their food products. They are planning their products as "all natural" foods and are using it to attract the attention of more consumers. Additionally, the growing awareness of the side effects of natural food ingredients and synthetic preservatives is accelerating the growth of natural preservatives. Argentina's food processing industry is dynamic and growing, new capital investments are made, and growth is anticipated, and preservatives are used to increase the shelf life of food products and maintain quality longer. The demand for food preservatives has increased due to changes in lifestyle and the increase in the food trade around the region. Along with population growth, increased consumer awareness, and changing food consumption habits are increasing demand for various sectors of the food and beverage industry, driving the Argentina food preservatives market. This growth is also driven by the rising need for natural food preservatives in the market and the continued demand for processed foods in emerging markets.
In addition, a growing workforce, changing dietary habits, increasing disposable income, and the rising usage of food preservatives in meat and meat products in are other factors driving Argentina food preservatives market growth. Preventing the increasing number of foodborne illness and spoilage caused by contamination is another factor that is expected to increase the demand for food preservatives in the Argentina market. The growing demand for ready-to-eat foods, coupled with the rising call for natural food products, is a major factor driving the growth of the Argentina food preservatives market size. This factor is also expected to greatly accelerate the growth of the Argentina food preservatives business during the outlook period. The increase in the number of foodborne illness is driving the growth of the Argentina food preservatives market as preservatives are required to maintain the overall quality of food and increase shelf life.
A major challenge slowing the growth of the Argentina food preservatives market is strict government regulations on the use of some dangerous chemicals as food preservatives. Additionally, the high cost of natural preservatives and the health problems associated with the use of synthetic preservatives for food are other factors that hamper the growth of the Argentina market. Health risks associated with food preservatives are supposed to slow the Argentina food preservatives market growth during the conjecture period.
Argentina food preservatives market can be classified into natural and synthetic preservatives according to their type. Of these, the synthetic preservatives segment is estimated to make a greater contribution to the food preservatives market during the conjecture period. All natural and chemical/synthetic preservative additives can be broadly classified as antioxidants, antimicrobial agents and chelators, depending on the flying agent of the target food.
Depending on their function, antimicrobial agents are used to prevent spoilage of food by preventing or inhibiting the growth of microorganisms. Antibacterial agents also contain compounds like calcium propionate and sorbic acid, which are used in products such as baked goods, salad dressings, cheeses, margarines, and pickled foods. These factors strongly promote their demand in the local market.
By application, the Argentina food preservatives market is segmented into Bakery, Oils and Fats, Confectionery, Snacks, Dairy and Frozen Food, Poultry and Seafood, Meat and Beverages. Among them, the poultry and seafood, meat, dairy and frozen food sectors accounted for a significant share of the Argentina market. The dairy and frozen food sector is the largest investment in the food preservatives market due to the increasing demand for complex synthetic variants.
Argentina supports the natural preservatives market as a potential market for specialty ingredients due to economic growth and changing consumer preferences for value-added healthy foods. Better production technology and access to distribution channels are expected to be key factors driving the growth of the Argentine market in the near future. The expansion of the US and foreign companies in the food processing sector in Argentina may favor the application of special food ingredients. In addition, the adoption of stricter food safety regulations, ISO and HACCP (Hazard Analysis and Critical Control Standards) practices and new nutrition standards in the national industry, the increase in product certification and standardization, and the expansion of the country's organic production promotes the national market for food preservatives.
Key Players in the Market:
Major Key Players in the Argentina Food Preservatives Market are
1.1 Market Definition
1.2 Scope of the report
1.3 Study Assumptions
1.4 Base Currency, Base Year and Forecast Periods
2. Research Methodology
2.1 Analysis Design
2.2 Research Phases
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Data Modelling
2.2.4 Expert Validation
2.3 Study Timeline
3. Report Overview
3.1 Executive Summary
3.2 Key Inferencees
4. Market Dynamics
4.1 Impact Analysis
4.2 Regulatory Environment
4.3 Technology Timeline & Recent Trends
5. Competitor Benchmarking Analysis
5.1 Key Player Benchmarking
5.1.1 Market share analysis
5.1.3 Regional Presence
5.2 Mergers & Acquistion Landscape
5.3 Joint Ventures & Collaborations
6. Market Segmentation
6.1 Food Preservatives Market, By Type
6.1.3 Market Size Estimations & Forecasts (2021-2026)
6.1.4 Y-o-Y Growth Rate Analysis
6.1.5 Market Attractiveness Index
6.2 Food Preservatives Market, By Application
6.2.2 Oils & Fats
6.2.4 Dairy & Frozen Products
6.2.6 Meat, Poultry, & Seafood Products
6.2.8 Market Size Estimations & Forecasts (2021-2026)
6.2.9 Y-o-Y Growth Rate Analysis
6.2.10 Market Attractiveness Index
6.3 Food Preservatives Market, By Function
6.3.4 Enzyme Inhibitors
6.3.5 Market Size Estimations & Forecasts (2021-2026)
6.3.6 Y-o-Y Growth Rate Analysis
6.3.7 Market Attractiveness Index
7. Geographical Landscape
7.1 Country Identity Governance and Administration Market, by Region
7.2 Argentina - Market Analysis (2021 - 2026)
7.2.1 By Type
7.2.2 By Application
7.2.3 By Function
8. Key Player Analysis
8.1 Akzo Nobel N.V
8.1.1 Business Description
8.1.4 SWOT Analysis
8.1.5 Recent Developments
8.1.6 Analyst Overview
8.2 Cargill, Inc
8.3 Danisco A/S
8.4 Univar Inc
8.5 Koninklijke DSM N.V
8.6 Brenntag Solutions Group, Inc
8.7 Tate & Lyle
8.8 Kemin Industries, Inc
8.10 Hawkins Watts Limited
9. Market Outlook & Investment Opportunities
List of Tables
List of Figures