Argentina Food Processing Blades Market Size & Outlook
Argentina food processing blades market, 2017-2028 (US$M)
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Argentina food processing blades market highlights
- The Argentina food processing blades market generated a revenue of USD 22.0 million in 2021 and is expected to reach USD 38.8 million by 2028.
- The Argentina market is expected to grow at a CAGR of 8.4% from 2022 to 2028.
- In terms of segment, circular was the largest revenue generating product in 2021.
- Circular is the most lucrative product segment registering the fastest growth during the forecast period.
Food processing blades market data book summary
| Market revenue in 2021 | USD 22.0 million |
| Market revenue in 2028 | USD 38.8 million |
| Growth rate | 8.4% (CAGR from 2021 to 2028) |
| Largest segment | Circular |
| Fastest growing segment | Circular |
| Historical data | 2017 - 2020 |
| Base year | 2021 |
| Forecast period | 2022 - 2028 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Straight, Curved, Circular |
| Key market players worldwide | Minerva SA ADR, Dorian Drake International, GEA Group AG, John Bean Technologies Corp, Nemco Food Equipment, Marel hf, Baader Bank AG., Bettcher Industries, HALLDE |
Other key industry trends
- In terms of revenue, Argentina accounted for 2.6% of the global food processing blades market in 2021.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2028.
- In Latin America, Brazil food processing blades market is projected to lead the regional market in terms of revenue in 2028.
- Argentina is the fastest growing regional market in Latin America and is projected to reach USD 38.8 million by 2028.
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Food Processing Blades Market Scope
Food Processing Blades Market Companies
| Name | Profile | # Employees | HQ | Website |
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Argentina food processing blades market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to food processing blades market will help companies and investors design strategic landscapes.
Circular was the largest segment with a revenue share of 38.18% in 2021. Horizon Databook has segmented the Argentina food processing blades market based on straight, curved, circular covering the revenue growth of each sub-segment from 2017 to 2028.
Argentina was already in economic turmoil before the COVID-19 outbreak. Uncertainty pertaining to restructuring of public debt was high, whereas the economy was already in recession. According to the IMF, the economy contracted by 2.2% in 2019.
As per OECD estimates, Argentina is expected to grow at 3.7% in 2021. However, the country reported a GDP contraction of 9.9% in 2020 due to the pandemic, as per the data provided by the World Bank. Economic aid, stand-by loans from the IMF, and restructuring of debt are expected to improve the economic profile of the country in the coming years.
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Horizon Databook provides a detailed overview of country-level data and insights on the Argentina food processing blades market, including forecasts for subscribers. This country databook contains high-level insights into Argentina food processing blades market from 2017 to 2028, including revenue numbers, major trends, and company profiles.
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Argentina food processing blades market size, by product, 2017-2028 (US$M)
Argentina Food Processing Blades Market Share, 2021 & 2028 (US$M)
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