Argentina Mashed Potato Market Size, Share, Opportunities, And Trends By Application (Food Ingredient, Food Product, Snack, Culinary), By Form (Powder, Solid), By Distribution Channel (Foodservice, Retail) - Forecasts From 2023 To 2028

The Argentina mashed potato market is projected to show steady growth during the forecast period.

Mashed potatoes are a beloved dish in Argentina, as well as in numerous countries worldwide. Argentine mashed potatoes are usually made from starchy potatoes, along with milk, butter, and seasoning ingredients like salt and pepper. There are also some variations that incorporate additional flavours such as garlic, cheese, or herbs. These creamy and comforting mashed potatoes are frequently served as a side dish along with a selection of meats like beef, chicken, or pork. They can also be used to top dishes like shepherd's pie or other casseroles. Overall, mashed potatoes are essential to Argentine cuisine and a source of comfort for many individuals. The growing population, increase in disposable income, technological advances and innovations in agriculture, and increase in potato production are some of the key drivers of the mashed potato market in the country.

The growing population of the country proves to be a driving factor in the mashed potato market in Argentina.

Over time, the population of the country has seen a steady increase. According to World Bank data, the population rose from 40,788,453 in 2010 to 45,376,763 in 2020, a rise of almost 11.24% over the course of 10 years. The consistent increase can be attributed to a stable birth rate and low death rate. The country's birth expectancy rate is also a contributing factor to its population growth. Data from the World Health Organization shows that life expectancy at birth in the country rose from 226.2 in 2010 to 229.6 in 2019. Improved healthcare systems and heightened awareness among citizens are also key drivers of population growth. These factors, when combined, result in population growth, which in turn drives the growth of the mashed potato market in the country.

Increased potato production in the country plays a major role in the growth of the mashed potato market.

In recent years, the country has seen an uptick in potato production. The Food and Agriculture Organization of the United Nations reports that potato production rose from 2.01 million tonnes in 2010 to 2.43 million tonnes in 2020. The organization's data also shows a corresponding increase in potato yields, from 29.62 tonnes per hectare in 2010 to 32.02 tonnes per hectare in 2020. The nation's overall agricultural output has also experienced growth in recent years. According to USDA's Economic Research Service, total agricultural output increased from US$ 60.66 billion in 2010 to US$ 77.36 billion in 2019. These developments are contributing factors to the growth of the mashed potato market in the country.

Key Developments

• J.R. Simplot has created a potato products facility in Mendoza, Argentina, which opened its doors in 2018. With an investment of nearly US$100 million, this state-of-the-art plant was built to bring top-quality frozen pre-fried French fries and mashed potatoes to the market. This is a testament to Simplot's commitment to innovation and excellence in their field.

Argentina Mashed Potato Market Scope:

Segmentation

• BY APPLICATION
  • Food Ingredient
  • Food Product
  • Snack
  • Culinary
• BY FORM
  • Powder
  • Solid
• BY DISTRIBUTION CHANNEL
  • Foodservice
  • Retail