Argentina Food Hydrocolloids Market - Growth, Trends, and Forecast (2020 - 2025)

Argentina Food Hydrocolloids Market is projected to register a CAGR of 4.23% during the forecast period, 2020-2025.

• The demand for natural food products is increasing among health-conscious consumers. This has resulted in the tremendous growth of the global hydrocolloids market. Hydrocolloids function as binding agents, stabilizers, emulsifiers, thickeners, and gelling agents.
• When compared to other regions South America is the slowest growing market. However, increasing consumption of convenience and processed foods is expected to create demand in these regions.

Key Market Trends

Growing Demand For Processed Foods in the Country

Countries in South America like Brazil and Argentina showed rapid demand for processed foods in the past few years. Ultra-processed foods are the market segment that found faster growth in Argentina. The nutritional profile of the fraction of ultra-processed food consumption showed higher energy density, higher overall fat content, higher saturated and trans fat, higher levels of free sugar and less fiber, protein, sodium, and potassium, when compared to the fraction of consumption related to natural or minimally processed foods have propelled the demand. Thus the growing demand for processed food in the country is expected to boost the sales of the market.

Meat and Seafood Holds A Prominent Share

The increased consumption of meat in the country is due to increasing consciousness among the people about their protein intake in their daily diet. Moreover, owing to the growing health awareness among consumers in the country, manufacturers are focusing on offering processed meat products with healthy ingredients.

The demand for antibiotic, preservative, and gluten-free processed meat products is gaining popularity across the country. Furthermore, the rising middle-class population and the increasing number of working women will also boost the demand for processed meat as these items have improved shelf life and reduce the preparation, cooking, and clean up times. The strong demand for processed meat will lead to growth in the market studied.

Competitive Landscape

Argentina Food Hydrocolloids Market is competitive with the presence of several players and the major players include Cargill, Incorporated, Ingredion Inc, W Hydrocolloids, Inc, DuPont among others. The key strategies being used by these market players are that of focusing on the expansion of new facilities and launching new products & Services.

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