Argentina Cheese Market Research Report, 2027

Argentina cheese is by far the most produced dairy product in the country, making Argentina the second largest cheese producer in South America and among the top 10 cheese-producing countries in the world. In addition, Argentina is the South American country that consumes the most cheese, with 12 kilos per capita per year. However, the active expansion of foreign, primarily national cuisines into the restaurant industry, the expansion of the product range in the food retail industry, and the growth of outbound tourism have all contributed to a steady trend of increasing demand for this product, making it popular and even "fashionable." The key brands in the Argentina cheese market are La Paulina, La Serenisima – Others, Sancor, Ilolay, Milkaut, Veronica, Casancrem, Santa Rosa, Mendicrim, and Melincue. Argentina exported $264M in Cheese and Imported $5.1M in Cheese. Argentina was the place of origin of the Tafí Del Valle and Goya cheeses which, along with Chanco from Chile, constitute the oldest cheeses created in the Southern Cone region of South America According to the report, "Argentina Cheese Market Research Report, 2027," published by Actual Market Research, the market is anticipated to add USD 1.48 Billion by 2027. The increased spending power of consumers in developed economies is also expected to boost cheese sales. Furthermore, changing food preferences and an increasing number of working women are expected to fuel expansion potential in the Cheese market. Furthermore, increased consumption of pizza and other European-style fast foods appears to be one of the main trends, particularly among young people, to expand sales potential for cheese. The increasing demand for various product flavors in local cuisines drives the Argentina cheese industry. Aside from that, rising consumption of authentic regional cheese in the region is fueling market expansion. Furthermore, the rising premiumization of cheese by several regional brands is supporting market expansion. The population of Argentina was 45.808 Million. The Sex Ratio in Argentina in 2021 is 95.304 males per 100 females. There are 22.25 million males and 23.35 million females in Argentina. The percentage of female population is 51.2% compare to 48.8% male population. Argentina has 1.1 million more females than males. The GDP of Argentina was USD 491.49 Billion in 2021. Increasing urbanization and Population are the driving factors for growth of Argentina Cheese Market. Supermarkets and hypermarkets dominate the Argentina Cheese Market due to the convenience of having all products in one area and many selections at the same time. Jumbo, Disco, Vea and chinos are the largest hypermarkets and supermarkets in Argentina. The city of Buenos Aires, the capital of Argentina, had 893 supermarkets, and greater Buenos Aires area had 527 supermarkets. Meanwhile, Córdoba which is located at the center of the country had 232 supermarkets. In recent years, there has been a tremendous increase in internet usage and the use of e-commerce websites to acquire culinary items that include cheese. Carrefour, Walmart, Amazon, and other well-known vertical specialists are attracted to the market. The financial situation of Argentine dairies has deteriorated in recent months. The report added that the current negative margins, especially for smaller producers, have led to continued protest by local dairy organizations who demand that current price controls be updated or abandoned. Price controls were recently extended until 2021, but there were some dairy products that were removed from the price control list, which includes: infant formula, grated cheese, cream cheese, dulce de leche, butter and margarine, yogurt, desserts and puddings A new law will be put in place, as the Argentinian government wants to increase the diversity of food products on supermarket shelves. By doing so, a certain percentage of shelf space will be allocated to products produced by small and mid-size businesses. This means that a limited amount of space can be assigned to products from a single company. The effects of this law, which is beginning to be implemented in 2021, are uncertain, but it could lead some small dairy processors to devote more production to the formal market. Covid-19 Impact: During the COVID-19 pandemic outbreak, the business was severely disrupted due to changing demand. The worldwide lockdowns prompted the foodservice industry to close, cutting demand for all processed food goods dramatically. Furthermore, costs are likely to reduce as high-quality products become less desirable. In contrast, increased adoption of low-cost varieties at wholesale prices from retail shops for home cooking is expected to balance the supply chain. Following the pandemic, the Cheese market is likely to benefit from the re-establishment of the foodservice sector and renewed cheese processing capacity. Considered in this report • Geography: Argentina • Historic year: 2016 • Base year: 2021 • Estimated year: 2022 • Forecast year: 2027 Aspects covered in this report • Argentina Cheese 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 Product • Mozzarella • Cheddar • Feta • Parmesan • Roquefort • Others By Source • Animals • Plants By Type • Natural • Processed By Distribution Channel • Supermarkets/Hypermarkets • Convenience Stores • Specialty 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 listing out the companies that are present in the market. The secondary research consists of third party sources such as press releases, annual report of companies, analyzing the 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 conducted trade calls with dealers and distributors of the market. Post this we have started doing primary calls to consumers by equally segmenting consumers in regional aspects, tier aspects, age group, and gender. Once we have primary data with us we have started verifying the details obtained from secondary sources. Intended audience This report can be useful to industry consultants, manufacturers, suppliers, associations & organizations related to Cheese 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.