Argentina Dairy Alternative Market Research Report, 2030

Although Argentina has a strong dairy culture, especially its cultural tie to milk, cheese, and dulce de leche, dairy alternatives have slowly become more popular over time. Due to a confluence of reasons, the move toward plant-based alternatives, which was originally little, has picked up speed in recent years. As a result of economic instability, people have changed their purchasing habits and are increasingly looking for affordable, locally produced substitutes for imported or high-priced dairy goods. Since inflation skyrocketed and people's purchasing power decreased, several Argentinians started looking at non-dairy alternatives like rice and soy milk, which were sometimes less expensive or at least thought to be staples that lasted longer in the pantry. At the same time, public awareness initiatives about lactose intolerance, which affects a sizable segment of the population, have highlighted the digestive problems related to eating dairy. These activities, led by health experts, NGOs, and an increasingly loud vegan community, have helped to destigmatize plant-based diets and inspire people to try out dairy-free alternatives. Nonetheless, because of the reliance on imported commodities like almonds and oats which are not extensively grown in Argentina local businesses have struggled to increase output. With entrepreneurs looking to indigenous commodities like sunflower seeds and rice to create sustainable alternatives, this has fueled innovation. these businesses frequently struggle with insufficient access to funding and a scarcity of specialized processing machinery. Plant-based cuisine innovation has been nurtured by vegan communities, notably those in big cities like Buenos Aires and Córdoba. Their grassroots activities and social media advocacy have not only shifted public discussion but have also fueled demand for a greater variety of dairy-free options, ranging from artisanal nut cheeses to barista-quality oat milk. According to the research report, "Argentina Dairy Alternatives Market Research Report, 2030," published by Actual Market Research, the Argentina Dairy Alternatives market was valued at more than USD 270 Million in 2024. Due to changing consumer tastes and economic variables, Argentina's dairy alternative industry is seeing tremendous expansion. The top firms in this industry include both domestic and foreign competitors. To meet the rising demand, international companies like Nestlé and Danone have launched plant-based product lines. Local companies are also growing, concentrating on novel products like plant-based cheeses and yogurts, frequently using local ingredients like sunflower seeds and rice to produce sustainable alternatives. Although dairy alternatives have been quickly adopted in urban hubs like Buenos Aires, there is still a lot of room for development in rural and non-metropolitan areas. Targeted marketing and infrastructure development may help plant-based goods reach a wider audience by addressing issues such as restricted distribution networks and a lack of public knowledge. The regulatory environment is changing to encourage this market. The Argentine Food Code has been revised to include definitions and labeling rules for plant-based drinks, increasing transparency and building consumer confidence. the adoption of front-of-package warning labels for items with high sodium, sugar, or saturated fat content intends to encourage better dietary choices. Consumers are increasingly choosing organic and minimally processed foods. Due to increased health awareness and desire for natural goods, the market for organic food in Argentina is expanding. This trend is evident in the dairy alternatives industry, where consumers prioritize clean-label items with straightforward ingredient lists that support their health and wellness objectives.

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Soy continues to be the most common foundation, historically valued for its low cost, high protein content, and early market availability. Soy has been marketed to Argentine consumers for more than 20 years in traditional drinks such as "leche de soja." The local production of soybeans also promotes a healthy supply chain, which helps maintain low prices when compared to imported ingredients. Particularly among health-conscious consumers in metropolitan areas, almond milk has steadily grown in popularity. Because it is seen as a high-end, low-calorie choice, almond milk is frequently favored for its delicate taste and versatility with smoothies and coffee. However, its higher price point and the fact that Argentina doesn't grow many almonds make it more available to middle- and higher-income categories. The creamy texture and usage of coconut milk in cooking are highly valued in certain niche areas. Although its exotic profile and higher cost have restricted widespread adoption, it is increasingly used in dairy-free ice creams and yogurts. However, rice milk has a lot of local appeal because it is hypoallergenic, easy to digest, and because Argentina produces a lot of rice. Because of this, it's a well-liked and readily available option for families and kids because of its creamy texture and sustainability profile, oat milk is quickly becoming popular in Argentina. Millennials and Gen Z consumers are driving demand through specialty grocers and cafés. The others includes novel applications of indigenous components like peanuts, quinoa, and sunflower seeds, demonstrating a focus on developing affordable and sustainable substitutes that are specific to the nation's agriculture. These new sources are essential for meeting the rising demand and lessening dependence on imports. As the entry point for many Argentinians switching to dairy-free diets, plant-based milk remains the most popular item in the market. Plant-based milks, which are often produced from soy, almonds, oats, and rice, are widely used as substitutes in tea, coffee, and cereal or as standalone beverages. To attract health-conscious consumers, brands are adding more calcium, vitamin D, and B12 to these milks. The popularity of yogurt substitutes is growing as a result of rising awareness of gut health and trends in urban wellness. Coconut, soy, and oat-based yogurts are being introduced by Argentine brands as well as international competitors in a variety of flavors and probiotic-enhanced varieties. These items are especially well-liked by young people looking for nutritious snacks they can eat while on the go. Although it is still a small market, plant-based cheese is expanding rapidly. Although dairy cheese is a mainstay of classic Argentine cuisine, cashew, soy, and potato starch-based cheese replacements are seeing growing experimentation. In this area, local firms are inventing meltable, spreadable, and sliceable vegan cheese items designed for popular uses such as pizza and sandwiches. Ice cream that isn't made with dairy products is making a name for itself in specialty shops and supermarkets. These frozen treats, which are created using oats, almonds, or coconut milk, appeal to vegans and those who are lactose intolerant. Argentine companies are giving this treat a unique twist by using indigenous tastes such as mate, tropical fruits, and dulce de leche (in vegan form). Although cream substitutes are a more recent addition to the market, they are gaining popularity, particularly among coffee consumers seeking dairy-free substitutes that froth and mix well. As producers try to replicate the complete dairy experience, the others category, which includes plant-based butter, whipped toppings, and condensed milk alternatives, is becoming more popular, providing more options and culinary versatility throughout the Argentine market. Hypermarkets and supermarkets continue to be the main retail channels, providing the largest variety of plant-based goods. These big-format stores serve a diverse clientele, including committed vegans and people looking for dairy-free alternatives for health reasons. Major chains such Carrefour, Coto, and Jumbo have increased their selection of plant-based cheeses, yogurts, and milks, frequently under both domestic and foreign brands. Consumer education and trial have been significantly driven by promotions, in-store samples, and clear labeling. Especially in urban areas like Buenos Aires and Córdoba, where busy professionals are looking for quick, ready-to-eat choices like plant-based snacks, single-serve milk, and yogurts, convenience stores are becoming more and more prominent. Due to the small size of these businesses, there is limited variety, but there is also potential for impulsive purchases and accessibility, particularly among younger consumers. The rise of e-commerce in Argentina has given online retail a big boost. The market for dairy substitutes has grown on platforms like Mercado Libre and specialized food delivery services, especially during and after the pandemic when home delivery became a necessity. Consumers appreciate the capacity to compare costs, read reviews, and get access to specialized or high-end brands that are not always available in brick-and-mortar stores. subscription boxes providing chosen plant-based products are gaining popularity among health-conscious urban consumers. Health food shops, organic markets, and cafes are all included in the others category, which are crucial for promoting handcrafted and specialized dairy-free goods. These channels appeal to a more educated and trend-conscious audience and frequently showcase locally made products created using unusual components like quinoa, sunflower seeds, and Brazil nuts.

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Nikita Jabrela

Business Development Manager

Considered in this report • Historic Year: 2019 • Base year: 2024 • Estimated year: 2025 • Forecast year: 2030 Aspects covered in this report • Dairy Alternatives 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 Source • Soy • Almond • Coconut • Rice • Oats • Others

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By Product • Milk • Yogurt • Cheese • Ice Cream • Creamer • Others By Distribution Channel • Supermarket & Hypermarkets • 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 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 this 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.