The Argentina canned food Market is projected to grow at a CAGR of 5.73% during the forecast period to reach US$ 2,874.127 million by 2027, from US$ 1,945.828 million in 2020.
Canning is a method of preserving food for a longer time by using air-tight containers. Commonly used canned foods include fruits, vegetables, beans, soups, meats, and seafood. The major advantage of canned food is that it is affordable, convenient to carry, and has a longer shelf life. In recent times canned food consumption is increasing among people particularly working people as canned food requires less time to prepare, provides a nutrient-based diet, and has long storage potential.
An increase in agricultural production and innovations in the food industry is expected to boost the market for Argentina's canned food market.
Argentina is an agriculture-based country due to its vast expanse of fertile lands, eco-friendly conditions, productivity levels, and availability of natural materials which has made food production easier and affordable in the country. Additionally, the country has a rich foundation in vegetable oils, cereals and cereals products, fruits and vegetables, meat, fish, and shellfish which contributes to the growth of canned food in the country. Furthermore, Argentina’s innovation in the food sector witnessed an increased application of biotechnology which resulted in new varieties of foods and propelled the growth of organic canned foods. A shift towards healthy food consumption is witnessed in recent years, particularly in the Buenos Aires which resulted in healthy, natural, and innovative canned foods. Moreover, upper-middle-income and middle-income groups cover most of the consumer demand for packaged foods and ready-to-eat foods along with increasing consumption trends towards plant-based products such as canned plant-based sausages, canned plant-based fishes, canned plant-based cheese, and others.
Further, foreign companies in the country selling varied canned food products can pose a challenge to the existing local producers to keep up with the new technique of production and cater to changing consumer tastes makes the canned food market in Argentina competitive.
Product Offerings
COVID-19 Insights
COVID-19 had a significant impact on the Argentina canned food market. The country witnessed a rising demand for canned foods as a result of an increase in online distribution. Walmart and Carrefour were the major retailers in Argentina to witness an increase in online sales. Furthermore, people preferred canned olives, canned vegetables, canned fruits, canned plant-based meat, and other vegan and vegetarian products. Demand for products from small and medium supermarkets and hypermarkets increased as a result of the consumption of naturally grown, local and organic products once the lockdown was lifted.
| Report Metric | Details |
|---|---|
| Study Period | 2021 to 2031 |
| Historical Data | 2021 to 2024 |
| Base Year | 2025 |
| Forecast Period | 2026 – 2031 |
| Report Metric | Details |
| Market Size Value in 2020 | US$1,945.828 million |
| Market Size Value in 2027 | US$2,874.127 million |
| Growth Rate | CAGR of 5.73% from 2020 to 2027 |
| Base Year | 2020 |
| Forecast Period | 2022–2027 |
| Forecast Unit (Value) | USD Million |
| Segments Covered | Type, Product Type, And Distribution Channel |
| Companies Covered | Century Pacific Foods, Kraft Heinz, Conagra Brands, Bumble Bee Foods, LLC |
| Customization Scope | Free report customization with purchase |
Market Segments