Argentina Dried Fruit Market Overview, 2028

Argentina is projected to become the fastest-growing segment in South America's dried food product market. In Argentina, health-conscious consumers search for food and beverage products that are rich in nutrients like vitamins. Since freeze-drying helps retain most of the nutrients of foods and vegetables, which would have otherwise been lost due to exposure to heat-based preservation techniques, more manufacturers are offering freeze-dried foods to cater to increased market demand from the country. The dried food product market in countries is expected to grow significantly, owing to an increase in demand for foods and beverages with high nutritional content and rising consumer awareness about the importance of eating healthy food.

According to the research report, "Argentina Dried Food Market Outlook, 2028," published by Bonafide Research, the market is projected to add USD 0.02 Billion from 2022 to 2028. The resin segment held the largest share. The growth is owing to the extensive presence of phytonutrients, fibers, vitamin C, boron, iron, and calcium, which play a significant role in maintaining the overall health of individuals. Regular intake of raisin-soaked water prevents complications like piles and promotes skin health. Also, raisins are deemed to be of utmost significance when it comes to weight gain. In addition to that, the augmenting production of raisins in both high- and low-income countries has aided the market. Nevertheless, the apricot and berry segments, along with the grape segment, are estimated to be the fastest-growing. In addition to that, the changing tastes and preferences of people and the demand for novel flavours in food and beverages have heightened the demand for berries and apricots.

The dried fruit ingredients market based on nature can be further segmented into organic and conventional. The conventional segment held the largest share in 2022. The growth is owing to the comprehensive availability of conventionally grown dry fruits and their cheap prices compared to organic options. Moreover, synthetic fertilisers are more pocket-friendly; therefore, they always remain the first choice of farmers as compared to more natural options. Likewise. The dos and don’ts of conventional farming are not as hard as organic farming; also, conventional farming allows you to grow more on limited land. However, organic is estimated to be the fastest-growing segment. With growing health problems, people across the globe are making more demand for organic dried fruit ingredients. In addition to that, organic farming is environmentally friendly, which is another prominent factor driving the organic dried fruit market.

The growing economic prosperity of developing nations, a bettering network of world-class highways and motorways aiding the hassle-free transportation of goods and raw materials, the soaring number of modern retail outlets such as supermarkets and hypermarkets, rapid urbanisation because of overwhelming migration, and improving disposable incomes are the preeminent reasons contributing to the growth of the aforementioned market. Supermarkets and hypermarkets held the largest share. Over the past few years, supermarkets and hypermarkets have witnessed significant growth in the nut and dehydrated fruit categories. The retail chains are appealing to health-conscious consumers by expanding their organic and natural product lines. Furthermore, increasing supermarket penetration in developing countries will boost product sales through this distribution channel. Some of the more prominent supermarket chains in Argentina are Hipermercados Coto, Carrefour, Jumbo, Disco, Vea, Walmart, Chinos, Barrio Chino, and many more. Convenience stores hold a notable share of the market, especially in developing countries. Several countries have specialised retail stores for the product, for instance, shops on the street and public markets, and specialty stores. Online distribution is anticipated to expand at the fastest CAGR.

Covid-19 Impacts:
The outbreak of COVID-19 has increased the demand for dried foods as fresh fruits and vegetables were limited in stock in grocery stores and supermarkets due to obstructions in the supply chain and distribution channels due to lockdowns. However, this pandemic has led to the demand for freeze-dried vegetables and fruits, which are to be utilised in soups, snacks, bakery, dressings, and confectionery food commodities in Argentina. With rising consumer consciousness about health in the COVID-19 situation, consumers were aware of the harmful effects of artificial food additives utilised to preserve food, fueling the demand for healthy and natural food products.

Considered in this report
•Geography: Argentina
•Historic year: 2017
•Base year: 2022
•Estimated year: 2023
•Forecast year: 2028

Aspects covered in this report
•Argentina Dried Fruits market with its value and forecast along with its segments
•Various drivers and challenges
•On-going trends and developments
•Top profiled companies
•Strategic recommendation

By Type
•Dried Apricots
•Dried Dates
•Dried Grapes / Raisins
•Dried Figs
•Dried Berries
•Prunes
•Others

By Nature
•Organic Dried Fruits
•Conventional Dried Fruits

By Distribution Channel
•Hypermarkets/Supermarkets
•Specialty Stores
•Convenience Stores
•Online Retail
•Others

The approach of the report:
This report consists of a combined approach of primary as well as secondary research. Initially, secondary research was used to get an understanding of the market and list out the companies that are present in the market. The secondary research consists of third-party sources such as press releases, annual reports of companies, and analyzing government-generated reports and databases. After gathering the data from secondary sources primary research was conducted by making telephonic interviews with the leading players about how the market is functioning and then conducting trade calls with dealers and distributors of the market. Post this we have started doing primary calls to consumers by equally segmenting consumers into regional aspects, tier aspects, age groups, and gender. Once we have primary data with us we started verifying the details obtained from secondary sources.

Intended audience:
This report can be useful to industry consultants, manufacturers, suppliers, associations & organizations related to the dried fruits industry, government bodies, and other stakeholders to align their market-centric strategies. In addition to marketing & presentations, it will also increase competitive knowledge about the industry.

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Manmayi Raval

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