Country Profile: Seasonings, Dressings & Sauces sector in Argentina
Summary
Argentine Seasonings, Dressings & Sauces sector accounted for a value share of 1.2% of the global market and 19.6% of the regional (Latin America) market, in 2016. The urge for new taste preferences among consumers and adaptation of new culinary traditions from other parts of the world are the key drivers in the Seasonings, Dressings & Sauces sector. The demand for Seasonings, Dressings & Sauces in Argentina is expected to increase and, consequently, its volume share in the Latin America region will rise from 19.6% in 2016 to 24.8% by 2021.
Seasonings, Dressings & Sauces sector is valued at ARS12, 491.1 million (US$848.4 million) in 2016 and is expected to grow at a CAGR of 19.6% during 2016-2021. Per capita consumption stood at 6.16kg when compared to the global and Latin American levels of 4.51kg and 3.62kg, respectively, in 2016.
Hypermarkets & Supermarkets is the leading distribution channel in the Argentine Seasonings, Dressings & Sauces sector, accounting for a total value share of 48.8% in 2016. The share of all major distribution channels increased marginally from 2011 levels. Paper & Board is the most commonly used packaging material in the Argentine Seasonings, Dressings & Sauces sector. In 2016, it accounted for a volume share of 45.2%, followed by Glass, Rigid Plastics, Flexible Packaging, and Rigid Metal with shares of 29.3%, 14.5%, 9.3% and 1.7% respectively.
The Argentine Seasonings, Dressings & Sauces sector is partly consolidated with the top five players accounting for 42.6% of the market share by value in 2016. Private labels accounted for2.9% share by value in the same year. Argentina’s GDP per capita grew at a CAGR of 28.4% during 2011-2016 to reach ARS 184,503.1 in 2016. Despite strong forecast GDP growth, high consumer prices and low employment rate hinder market growth.
The report “Country Profile: Seasonings, Dressings & Sauces sector in Argentina” provides insights on high growth markets to target, trends in the usage of packaging materials, types and closures category level distribution data and brands market shares.
In particular, this report provides the following analysis –
– Market data: Overall market value and volume data with growth analysis for 2011-2021
– Category coverage: Value and growth analysis for Bouillons & Stocks, Chutneys & Relishes, Condiment Sauces, Dips, Dressings, Dry Cooking Sauces, Herbs, Spices & Seasonings, Tomato Pastes and Purées, and, Wet Cooking Sauces with inputs on individual category share within each market and the change in their market share forecast for 2016-2021
– Leading players: Market share of brands and private labels, including private label growth analysis from 2011-2016
– Distribution data: Percentage of sales within each market through distribution channels such as Cash & Carries and warehouse Clubs, Hypermarkets & Supermarkets, Convenience Stores, Food & Drinks Specialists, eRetailers and others
– Packaging data: Consumption breakdown for packaging materials and containers in each market, in terms of percentage share of number of units sold. Packaging material data for Glass, Flexible Packaging, Paper & Board, Rigid Plastics, and others; container data for: Jar, Bottle, Bag/Sachet, Tub, Box, Pouch, and Tube.
Companies mentioned in this report: Unilever Plc, La Virginia S.A., Grupo Arcor, La Parmesana S.A.C, Grupo Canale International Av., Molto, Dos Anclas, Marolio, Aceitera General Deheza SA, Tau Delta.
Scope
– The Argentine Seasonings, Dressings & Sauces sector grew at a CAGR of 19.6% during 2011-2016 and is forecast to register growth at a CAGR of 21.4% during 2016-2021.
– Of the Nine markets, Tomato Pastes and Puréesis the largest market in both value and volume terms in 2016.
– The per capita consumption of seasonings, dressings & sauces products in the country is higher compared to global levels in 2016 and expected to be higher during 2016-2021.
– The Argentinean Seasonings, Dressings & Sauces sector is partly consolidated with the top five players accounting for nearly 42.6% of the market share by value in 2016.
– Hypermarkets & Supermarkets is the leading distribution channel for the sector, accounting for a total value share of 48.8% in 2016.
– Paper & Board is the most commonly used packaging material in the country.
Reasons to buy
– Identify high potential categories and explore further market opportunities based on detailed value and volume analysis
– Existing and new players can analyze key distribution channels to identify and evaluate trends and opportunities
– Gain an understanding of the total competitive landscape based on detailed brand share analysis to plan effective market positioning
– Manufacturers can identify the opportunities to position products with H&W attributes/benefits
– Access the key and most influential consumer trends driving Seasonings, Dressings & Sauces products consumption, and how they influence consumer behavior in the market which will help determine the best audiences to target
– Our team of analysts have placed a significant emphasis on changes expected in the market that will provide a clear picture of the opportunities that can be tapped over the next five years, resulting in revenue expansion
– The packaging analysis report helps manufacturers, in identifying the most commonly used packaging materials in the sector
– Analysis on key macro-economic indicators such as GDP per capita, population (overall and breakdown by age), and consumer price index. It also covers a comparative analysis of political, economic, socio-demographic, and technological indicators (PEST) across 50 countries.