Global “Argentina Snack Bar Market” (2021-2024) report identifies Sales of Market by regional analysis by product type and product applications from 2019. Argentina Snack Bar Market research report gives analysis on products sales, price, margin, growth (regionally volume). Market research report gives analysis on Historical and Current scenario on Argentina Snack Bar Market. Research provides potential market opportunities and strong industry focus on Argentina Snack Bar market forecast from 2019 till 2024. Research report provides CAGR value in percent during 2021 to 2024.
“Final Report will add the analysis of the impact of COVID-19 on the In Memory Computing industry.”
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The Argentina snack bar market is expected to reach USD 260.3 million by 2023, witnessing a healthy CAGR during the forecast period 2018-2023. The energy bar segment dominates the Argentina snack bar market, owing to high demand for nutritional products.
High consumption of biscuits and baked products, coupled with the economic downturn, is the major restraining factor for the market. Snack bar segment is expected to observe a flat volume growth over the forecast period. The high-value growth is attributed to the currency exchange that benefits snack bar sale and the high price of the product. Convenient and on-the-go snacks, rising consumer demand for healthier snacks and expanding retail channel are the various factors driving the snack bar market growth.
Healthy Products on High Demand
A shift in snack consumption pattern among consumers, demanding healthier snacks is the key driver accelerating the market growth. Argentina recorded a significant retail value growth ahead of Brazil in cereal and energy bar sale. Growing consumer awareness for clean label products is further boosting the sales. Healthier products are always priced higher or positioned as premium. Despite the negative impact of inflation on food and beverage products, health & wellness packaged food recorded strong growth in retail value sale. The rise in retail value sales is primarily driven by the higher price and consumer preference for this product type.
Discounts Attracting Sales in Supermarkets
Convenience stores lead the market, with a share of more than 40% of the retail channel, which is followed by supermarket/hypermarkets. High inflation in the country resulted in a slight decline in food & beverage products retail sale. Massive discounts offered by retailers to increase the sale has fueled the snack market growth. Despite the general drop in food product retail sale, snacks, biscuits, and powdered drinks maintained their stable volume sale. Consumer buying behavior changed over the past few years as a result of economic inflation. The consumers tend to buy in bulk to save 3% monthly inflation rate. Two-in-one offer and up to 80% discount on the second product purchase in supermarkets has accelerated the snack products sale.
October 2017 – Kellogg’s company reported an increase in the sale after its acquisition of Argentinian Food Company, Parati Group, which was the leading snack company in Latin America. This acquisition resulted in the strategic expansion of Kellogg’s in the emerging market, with a strong presence
The Argentina snack bar market is competitive with international companies occupying the significant share. However, low-priced products offered by local manufacturers, who are gaining sales, pose tough competition to the foreign players.
Major Players – GENERAL MILLS INC., PEPSICO. INC., NESTLÉ SA, AND THE KELLOGG COMPANY amongst others.
Reasons to Purchase the Report
Analyzing the outlook of the market with the recent trends and Porter’s five forces analysis
Market dynamics, along with growth opportunities of the market in the years to come
Market segmentation analysis, including qualitative and quantitative research, incorporating the impact of economic and non-economic aspects
Country-level analysis integrating the demand and supply forces that are influencing the growth of the market
Market value (USD million) and volume (Million kg) data for each segment and sub-segment
Distribution channel sales analysis, by value
Competitive landscape involving the market share of major players, along with new product launch and strategies adopted by players in the past five years
Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategy employed by the major market players
3-month analyst support, along with the Market Estimate sheet in excel
Customization of the Report
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List of TOP KEY PLAYERS in Argentina Snack Bar Market Report are –
- General Mills, Inc., Georgalos HNOS. S.A.I.C.A, Grupo Arcor, Molino Passerini, Pepsico, Inc., Nestlé S.A., Pepsico, Inc., The Hershey Company, The kellogg company, Grupo Nutresa S.A.
Global Argentina Snack Bar Market Segmentation by Types, By Applications and by Region:
Global Argentina Snack Bar market is analyses and market size information is provided by regions (countries). Segment by Application, the Argentina Snack Bar market is segmented into United States, Europe, China, Japan, Southeast Asia, India and Rest of World. The report includes region-wise market size for the period 2019-2024. It also includes market size and forecast by players, by Type, and by Application segment in terms of sales and revenue for the period 2019-2024.
Argentina Snack Bar Market Segment by Region:
- United States
- Southeast Asia
- Rest of World
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Reasons to Purchase this Report:
- To know how the need for rapid data processing is expected to affect the growth of the global Argentina Snack Bar
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- To know how SME’s are dominating the market.
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- To identify the latest developments, market shares, and strategies employed by major market players.
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COVID-19 Impact on Market:
The recent COVID-19 outbreak first began in Wuhan (China) in December 2019, and since then, it has spread around the globe at a fast pace. China, Italy, Iran, Spain, the Republic of Korea, France, Germany, and the US are among the worst-affected countries in terms of positive cases and reported deaths, as of March 2020. The COVID-19 outbreak has affected economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. The global food and beverage industry is one of the major industries facing serious disruptions such as supply chain breaks, technology events cancellations, and office shutdowns as a result of this outbreak. China is the global manufacturing hub, with the presence of and the largest raw material suppliers. The overall market break down due to COVID-19 is also affecting the growth of the bacon market due to shutting down of factories, obstacle in supply chain, and downturn in world economy.
Major Points from Table of Contents:
1.1 Key Deliverables of the Study
1.2 Study Assumptions
1.3 Scope of the Market
2. Research Approach and Methodology
2.2 Research Design
2.3 Study Timelines
2.4 Study Phases
2.4.1 Secondary Research
2.4.2 Discussion Guide
2.4.3 Market Engineering and Econometric Modelling
2.4.4 Expert Validation
3. Market Overview
3.1 Market Trends
3.2 Market Dynamics
18.104.22.168 Increased Consumer Interest in Healthy and Functional Products
22.214.171.124 Rising Demand for On-the-go and Smaller Portion Snacking
126.96.36.199 Expanding Retail Channel Accelerating Sales
188.8.131.52 Economic Downturn Affecting Purchasing Behaviour
184.108.40.206 Increased Competition from Biscuit and Bakery Consumption
220.127.116.11 Growing Demand for Clean Label Products
3.2.4 Porter’s Five Forces Analysis
18.104.22.168 Bargaining Power of Suppliers
22.214.171.124 Bargaining Power of Buyers
126.96.36.199 Threat of New Entrants
188.8.131.52 Threat of Substitute Products and Services
184.108.40.206 Degree of Competition
4. Market Segmentation
4.1 By Product Type
4.1.1 Cereal Bar
220.127.116.11 Granola/Muesli Bars
18.104.22.168 Other Cereal Bars
4.1.2 Energy Bar
4.1.3 Other Snack Bar
4.2 By Distribution Channel
4.2.1 Warehouse Clubs
4.2.2 Convenience Stores
4.2.3 Specialist Retailers
4.2.4 Supermarkets and Hypermarkets
4.2.5 Online Retail
4.2.6 Variety Stores
4.2.7 Other Distribution Channels
5. Competitive Landscape
5.1 Market Share Analysis
5.2 Strategy Adopted by Key Players
5.3 Most Active Companies in the Past Five Years
6. List of Company Profiles
6.2 Products & Services
6.4 Key Developments
6.5 Strategies Adopted
6.6 SWOT Analysis of Major Five Players
7. Companies Covered
7.1 General Mills, Inc.
7.2 Georgalos HNOS. S.A.I.C.A.
7.3 Grupo Arcor
7.4 Molino Passerini
7.5 Pepsico, Inc.
7.6 Nestlé S.A.
7.7 Pepsico, Inc.
7.8 The Hershey Company
7.9 The Kellogg company
7.10 Grupo Nutresa S.A.
LIST OF TABLES
1: Snack Bar Market Revenue, By Distribution Channel, Argentina, 2015-2023
2: Snack Bar Market: Revenue in USD million, by Product Type, Argentina, 2015-2023
3: Snack Bar Market: Revenue in USD million, by Cereal Bars, Argentina, 2015-2023
4: Snack Bar Market: Revenue in USD million, by Granola/Muesli Bars, Argentina, 2015-2023
5: Snack Bar Market: Revenue in USD million, by Other Cereal Bars, Argentina, 2015-2023
6: Snack Bar Market: Revenue in USD million, by Energy Bars, Argentina, 2015-2023
7: Snack Bar Market: Revenue in USD million, by Other Snack Bars, Argentina, 2015-2023
8: Snack Bar Market: Volume in million Kg, by Product Type, Argentina, 2015-2023
9: Snack Bar Market: Volume in million Kg, by Cereal Bars, Argentina, 2015-2023
10: Snack Bar Market: Volume in million Kg, by Granola/Muesli Bars, Argentina, 2015-2023
11: Snack Bar Market: Volume in million Kg, by Other Cereal Bars, Argentina,2015-2023
12: Snack Bar Market: Volume in million Kg, by Energy Bars, Argentina,2015-2023
13: Snack Bar Market: Volume in million Kg, by Other Snack Bars, Argentina, 2015-2023
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