Argentina Bakery and Cereals Market

Argentina Bakery and Cereals Market Overview:

The Argentina bakery and cereals market is projected to exhibit a growth rate (CAGR) of 6.60% during ​2024-2032​. The rising consumer demand for convenience foods, increasing health awareness leading to higher consumption of whole grains, significant innovations in product offerings, economic recovery, and growth in retail infrastructure are some of the major factors propelling the growth of the market across Argentina.

Argentina Bakery and Cereals Market Trends:

Increasing Health Awareness

There is a growing recognition of the health benefits associated with whole grains and fiber-rich diets among consumers. This awareness is leading to higher consumption of healthier bakery and cereal products, with a focus on natural ingredients, low sugar content, and nutritional value. Consumers are actively seeking products that support their health and wellness goals. For instance, in 2021, the Argentine government signed one of the world’s strongest and most comprehensive health food policy laws. It requires ultra-processed products with excess levels of sodium, sugar, fats, and calories to include black octagons on the front of the package. It also includes a mandatory declaration of sugar on the food label, the regulation of health claims (no claims are allowed on products that have warning labels), and the regulation of food marketing and school environments. This is expected to boost the growth of the market across Argentina.

Rising Urbanization

Rapid urbanization in Argentina has led to increased demand for convenient, ready-to-eat bakery and cereal products as more people adopt busy urban lifestyles. The growth of retail infrastructure in urban areas also supports market expansion, making these products more accessible to a larger, city-dwelling population. According to UN-HABITAT, 357 participants from 18 provinces and 75 local governments participated in the first National Urban Forum that took place in the Province of Mendoza in June 2017. Over 70 people, coming from civil society organizations, the private sector, academia, UN agencies and development banks, and the government, took an active part in shaping the National Urban Policy. According to World Data Atlas, in 2023, the urban population of Argentina was 92.5 %. The urban population of Argentina increased from 80.6 % in 1974 to 92.5 % in 2023 growing at an average annual rate of 0.28%. According to Datareportal, at the start of 2024, 92.5 percent of Argentina’s population lived in urban centres, while 7.5 percent lived in rural areas.

Argentina Bakery and Cereals Market News:

• In September 2023, Mexican baked goods giant Grupo Bimbo made its largest investment in Argentina since entering the country almost three decades ago. The company inaugurated a new $100m production line for bread at its facility in Pilar in Buenos Aires Province.
• In April 2024, The Argentine government announced that it plans to invest approximately $550 million to build a new grain port in the Rosario region. The region is considered a vital agricultural center for Argentina, accounting for more than 80% of the country’s agricultural and agro-industrial exports.
   

Argentina Bakery and Cereals Market Segmentation:

IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the country level for ​2024-2032​. Our report has categorized the market based on category and distribution channel.

Category Insights:

• Cookies (Sweet Biscuits)
• Bread and Rolls
• Baking Ingredients
• Baking Mixes
• Others
   

The report has provided a detailed breakup and analysis of the market based on the category. This includes cookies (sweet biscuits), bread and rolls, baking ingredients, baking mixes, and others.

Distribution Channel Insights:

• Food and Drinks Specialists
• Hypermarkets and Supermarkets
• Convenience Stores
• Dollar Stores
• Others
   

A detailed breakup and analysis of the market based on the distribution channel have also been provided in the report. This includes food and drinks specialists, hypermarkets and supermarkets, convenience stores, dollar stores, and others.

Regional Insights:

• Buenos Aires Region
• Litoral Region
• Northern Region
• Cordoba Region
• Cuyo Region
• Patagonia Region
   

The report has also provided a comprehensive analysis of all the major regional markets, which include Buenos Aires Region, Litoral Region, Northern Region, Cordoba Region, Cuyo Region, and Patagonia Region.  

Competitive Landscape:

The market research report has also provided a comprehensive analysis of the competitive landscape. Competitive analysis such as market structure, key player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided.

Argentina Bakery and Cereals Market Report Coverage:

Key Questions Answered in This Report:

• How has the Argentina bakery and cereals market performed so far and how will it perform in the coming years?
• What has been the impact of COVID-19 on the Argentina bakery and cereals market?
• What is the breakup of the Argentina bakery and cereals market on the basis of category?
• What is the breakup of the Argentina bakery and cereals market on the basis of distribution channel?
• What are the various stages in the value chain of the Argentina bakery and cereals market? 
• What are the key driving factors and challenges in the Argentina bakery and cereals?
• What is the structure of the Argentina bakery and cereals market and who are the key players?
• What is the degree of competition in the Argentina bakery and cereals market? 

Key Benefits for Stakeholders:

• IMARC’s industry report offers a comprehensive quantitative analysis of various market segments, historical and current market trends, market forecasts, and dynamics of the Argentina Bakery and Cereals market from 2018-2032.
• The research report provides the latest information on the market drivers, challenges, and opportunities in the Argentina Bakery and Cereals market.
• Porter's five forces analysis assist stakeholders in assessing the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. It helps stakeholders to analyze the level of competition within the Argentina Bakery and Cereals industry and its attractiveness.
• Competitive landscape allows stakeholders to understand their competitive environment and provides an insight into the current positions of key players in the market.