Argentina Food Thickeners Market Size & Outlook, 2019-2027
Argentina food thickeners market, 2018-2027 (US$M)
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Argentina food thickeners market highlights
- The Argentina food thickeners market generated a revenue of USD 241.1 million in 2019 and is expected to reach USD 348.2 million by 2027.
- The Argentina market is expected to grow at a CAGR of 4.7% from 2020 to 2027.
- In terms of segment, hydrocolloids was the largest revenue generating type in 2019.
- Protein is the most lucrative type segment registering the fastest growth during the forecast period.
Food thickeners market data book summary
| Market revenue in 2019 | USD 241.1 million |
| Market revenue in 2027 | USD 348.2 million |
| Growth rate | 4.7% (CAGR from 2019 to 2027) |
| Largest segment | Hydrocolloids |
| Fastest growing segment | Protein |
| Historical data | 2018 - 2018 |
| Base year | 2019 |
| Forecast period | 2020 - 2027 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Protein, Starch, Hydrocolloids |
| Key market players worldwide | Archer-Daniels Midland Co, DuPont de Nemours Inc, Tate & Lyle PLC, Kerry Group PLC Class A, Ingredion Inc, Ashland Inc, Darling Ingredients Inc, Huvis, Cargill, CP Kelco, TIC Gums, Naturex, Medline Industries |
Other key industry trends
- In terms of revenue, Argentina accounted for 1.8% of the global food thickeners market in 2019.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2027.
- In Latin America, Brazil food thickeners market is projected to lead the regional market in terms of revenue in 2027.
- Brazil is the fastest growing regional market in Latin America and is projected to reach USD 928.0 million by 2027.
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Food Thickeners Market Scope
Food Thickeners Market Companies
| Name | Profile | # Employees | HQ | Website |
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Argentina food thickeners 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 thickeners market will help companies and investors design strategic landscapes.
Hydrocolloids was the largest segment with a revenue share of 40.27% in 2019. Horizon Databook has segmented the Argentina food thickeners market based on protein, starch, hydrocolloids covering the revenue growth of each sub-segment from 2018 to 2027.
The food & beverage industry in Argentina accounted for around 26% of the country’s manufacturing GDP in 2017. According to the Ministry of Agro-industry (MoA), Argentina exported around USD 25 billion worth of food products in 2017.
Furthermore, the strategic framework of the government for expanding the food & beverage industry’s production capacity in order to provide food to around 600 million people by 2020, is likely to boost the industry growth.
The presence of a developed food processing industry in Argentina is expected to augment the demand for food thickeners over the forecast period. Growing demand for convenience foods in the country, owing to rising consumer.
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Horizon Databook provides a detailed overview of country-level data and insights on the Argentina food thickeners market , including forecasts for subscribers. This country databook contains high-level insights into Argentina food thickeners market from 2018 to 2027, including revenue numbers, major trends, and company profiles.
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Argentina food thickeners market size, by type, 2018-2027 (US$M)
Argentina Food Thickeners Market Outlook Share, 2019 & 2027 (US$M)
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