Argentina Food Additives Market - Growth, Trends, and Forecast (2018 - 2023)

  • ID: 4544714
  • Report
  • Region: Argentina
  • 80 pages
  • Mordor Intelligence
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FEATURED COMPANIES

  • Cargill Inc.
  • Corbion Purac
  • CP Kelco
  • Dupont- Danisco
  • Ingredion
  • Kerry Group
  • MORE
Food additives are used to enhance the taste, color, texture of food, same time maintaining the freshness and nutritional content. The food additives market in Argentina is expected to be USD1.5 billion by 2023, registering a CAGR of 5.1%, during the forecast period, 2018 ¬- 2023. The population growth coupled with higher food production and demand is the major factors leading to high requirement of food additives applications in Argentina. Growing urbanization and changing lifestyles, due to globalization are driving demand for convenience and packaged foods. The scenario in turn is helping the food additives industry to grow, as food additives are an important component of these kinds of foods.

Market Dynamics

Additives are mainly used to maintain and improve safety of the packaged food and to enhance the nutritional value of the food. Expanding processed food market due to increasing disposable incomes of the burgeoning middle class is the major drivers for Argentina food additives market growth in the country. The growth is further supported by increasing urbanization of the rural population and rising organized market in rural segments of Argentina. Argentina food additive market is also supported by the fact, that additives are applied as a way of curbing risk of wastage of food products. However, the consumer preference for natural alternatives, demand for clean label products, and stringent regulations hinders the market growth.

Market Segmentation

The Argentina food additives market is segmented by type viz. Preservatives, Food flavors and Flavor enhancers, Antioxidants, Sweeteners, Emulsifiers, Anti Caking agents, Enzymes, Fat replacers, Acidulants, and others (texturizer, shelf life stabilizers, etc.). The largest segment is flavors and flavor enhancers market which recorded value wise, followed by hydrocolloids which function as texturizer, thickening, stabilizing, and gelling agents. The fastest growing segment is the sweetener type, which is seen as an alternative to sugar used in food & beverages. The major applications pertaining food additives are in Fruits & Vgetables, Bakery & Confectionary, Dairy & Frozen products, Oils & Fats, Savory snacks, Meat, Poultry, and Seafood products.

The country is one of the developing economies in the region and this is expected to increase the consumer demand for packaged food, which in-turn drives the food additives industry. Growing consumer awareness on the benefits of natural additives and functional food additives would help capture the new markets in the region.

Key developments
  • September 2017 - Animal feed and nutrition business of Cargill expanded its capabilities in Thailand by acquiring a feed mill in Prachinburi province in Thailand.
  • April 2017 - ADM launched New Specialty Feed Additive Anco® AC for Canadian producers. It was designed to allow animals to deal more efficiently with nutritional stressors in their feed.
Major players - ARCHER DANIELS MIDLAND (ADM), CARGILL INC., CORBION PURAC, CP KELCO, DUPONT- DANISCO, INGREDION, KERRY GROUP, NOVOZYMES, PALSGAARD, PURATOS, RIKEN VITAMIN, TATE & LYLE PLC., among others.

Reasons to Purchase this Report
  • Analyzing outlook of the market with the recent trends and Porters five forces analysis
  • Market dynamics, which essentially consider the factors, which are impelling the present market scenario, along with growth opportunities of the market in the years to come
  • Market segmentation analysis, including qualitative & quantitative research incorporating the impact of economic & non-economic aspects
  • Regional and Country level analysis integrating the demand and supply forces that are influencing the growth of the market
  • Competitive landscape involving the market share of major players, along with the key strategies adopted for development in the past five years
  • Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
  • 3-month analyst support, along with the Market Estimate sheet (in excel)
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Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • Cargill Inc.
  • Corbion Purac
  • CP Kelco
  • Dupont- Danisco
  • Ingredion
  • Kerry Group
  • MORE
1. Introduction
1.1 Research Methodology
1.2 Market Definition
1.3 Report Description

2. Key Findings

3. Regulatory Framework

4. Market Overview & Dynamics
4.1 Introduction
4.2 Drivers
4.2.1 Addressing Supply Chain Complexities in the Food Industry
4.2.2 Expanding Processed Foods Market
4.2.3 Penetration of Organized Retail Sector
4.2.4 Preference for Health and Wellness Products
4.3 Restraints
4.3.1 Consumers Demand for Natural Additives
4.3.2 Demand for Clean Label Solutions
4.3.3 Regulatory Environment
4.4 Opportunities
4.4.1 Growing Demand for Natural and Nutraceutical Ingredients
4.4.2 Innovations to Meet the Wellness Demand
4.4.3 Wider Acceptance of GSFA for Improved International Trade

5. Porters Five Forces Analysis
5.1 Bargaining Power of Suppliers
5.2 Bargaining Power of Buyers
5.3 Degree of Competition
5.4 Threat of Substitution
5.5 Threat of New Entrants

6. Market Segmentation
6.1 Preservatives
6.1.1 Preservatives Market, By Types
6.1.1.1 Natural Antioxidants
6.1.1.2 Sorbates
6.1.1.3 Benzonates
6.1.1.4 Others
6.1.2 Preservatives Market, By Application Type
6.1.3 Preservatives Market, By Geography Type
6.2 Sweetners
6.2.1 Sweetners Market, By Type
6.2.1.1 Bulk Sweeteners
6.2.1.1.1 Sucrose
6.2.1.1.2 Fructose
6.2.1.1.3 Lactose
6.2.1.1.4 High Fructose Corn Syrup (HFCS)
6.2.1.1.5 Others
6.2.1.2 Sugar Substitutes
6.2.1.2.1 Sucralose
6.2.1.2.2 Xylitol
6.2.1.2.3 Stevia
6.2.1.2.4 Aspartame
6.2.1.2.5 Saccharine
6.2.1.2.6 Others
6.2.2 Sweetners Market, By Application Type
6.2.3 Sweetners Market, By Geography
6.3 Emulsifiers
6.3.1 Emulsifiers Market, By Type
6.3.1.1 Mono-, Di-Glycerides & Derivatives
6.3.1.2 Lecithin
6.3.1.3 Sorbitan Esters
6.3.1.4 Others
6.3.2 Emulsifiers Market, By Application Type
6.3.3 Emulsifiers Market, By Geography
6.4 Anti Caking Agents
6.4.1 Anti Caking Agent, By Type
6.4.1.1 Calcium Compounds
6.4.1.2 Sodium Compounds
6.4.1.3 Silicon Dioxide
6.4.1.4 Others
6.4.2 Anti Caking Agents Market, By Application Type
6.4.3 Anti Caking Agents Market, By Geography
6.5 Enzymes
6.5.1 Enzymes Market, By Type
6.5.1.1 Carbohydrases
6.5.1.2 Protease
6.5.1.3 Lipase
6.5.1.4 Others
6.5.2 Enzymes Market, By Application Type
6.5.3 Enzymes Market, By Geography
6.6 Hydrocolloids
6.6.1 Hydrocolloids Market, By Type
6.6.1.1 Starch
6.6.1.2 Gelatin Gum
6.6.1.3 Xanthan Gum
6.6.1.4 Others
6.6.2 Hydrocolloids Market, By Application Type
6.6.3 Hydrocolloids Market, By Geography
6.7 Food Flavors and Enhancers
6.7.1 Food Flavors & Flavor Enhancers Market, By Type
6.7.1.1 Natural Extracts
6.7.1.2 Fruit Flavors
6.7.1.3 Monosodium Glutamate
6.7.1.4 Others
6.7.2 Food Flavors and Enhancers Market, By Application Type
6.7.3 Food Flavors and Enhancers Market, By Geography
6.8 Food Colorants
6.8.1 Food Colorants Market, By Type
6.8.1.1 Synthetic Food Colorants
6.8.1.2 Natural Food Colorants
6.8.1.3 Others
6.8.2 Food Colorants Market, By Application Type
6.8.3 Food Colorants Market, By Geography
6.9 Acidulants
6.9.1 Acidulants Market, By Type
6.9.1.1 Citric Acid
6.9.1.2 Phosphoric Acid
6.9.1.3 Lactic Acid
6.9.1.4 Others
6.9.2 Acidulants Market, By Application Type
6.9.3 Acidulants Market, By Geography

7. Competitive Landscape Overview
7.1 Market Share Analysis
7.2 Strategies by Leading Players
7.3 New Product Developments &Other Innovations

8. Company Profiles
8.1 Archer Daniels Midland (ADM)
8.2 Cargill Inc.
8.3 Corbion Purac
8.4 CP Kelco
8.5 Dupont- Danisco
8.6 Ingredion
8.7 Kerry Group
8.8 Novozymes
8.9 Palsgaard
8.10 Puratos
8.11 Riken Vitamin
8.12 Tate & Lyle Plc.

9. Appendix
9.1 Disclaimer
Note: Product cover images may vary from those shown
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  • Archer Daniels Midland (ADM)
  • Cargill Inc.
  • Corbion Purac
  • CP Kelco
  • Dupont- Danisco
  • Ingredion
  • Kerry Group
  • Novozymes
  • Palsgaard
  • Puratos
  • Riken Vitamin
  • Tate & Lyle Plc.
Note: Product cover images may vary from those shown
5 of 5
Note: Product cover images may vary from those shown
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