Argentina Breakfast Cereal Market Overview, 2027

Argentina Breakfast Cereal Market Overview, 2027

In the Argentina, breakfast often consists of sausage, eggs, and mollejas (sweet bread). In the Argentina, cereals are not regarded as a component of the standard breakfast, although people are gradually learning about cereals and their advantages. As a result, the market will expand soon. Market expansion is primarily fueled by consumers' shifting eating patterns and the impact of Western culture on those patterns. With no further preparation required, they offer a practical alternative to readily available meals. The industry is also being driven by rising levels of consumer preference for wholesome meals and global increases in health consciousness.

According to the research report Argentina Breakfast Cereal Market Overview, 2027, published by Bonafide Research, the market is expected to add USD 0.095 Billion by 2027. The breakfast cereal market consists of two types of cereals: Hot cereal and ready-to-eat cold cereal Instant cereal (RTE), also known as cold cereal, includes corn flakes, chocolate flakes, wheat flakes, muesli, and hot cereals, which are mainly oatmeal, oat bran, and porridge. The ready-to-cook segment is presently dominating the market due to the convenience of preparing the food and thus saving time. The hot cereal segment is expected to grow at a higher CAGR during the forecast period due to the growing concern regarding health and wellness among consumers. In addition to this, consumers are shifting toward oats and other hot cereals as a breakfast meal, which is further driving the hot cereal segment. However, the availability of alternative breakfast meals, as well as the high cost of raw materials, is likely to limit the growth of the Argentina breakfast cereal market.

The population of Argentina was 45.808 Million. The Sex Ratio in Argentina in 2021 is 95.304 males per 100 females. There are 22.25 million males and 23.35 million females in Argentina. The percentage of female population is 51.2% compare to 48.8% male population. Argentina has 1.1 million more females than males. The GDP of Argentina was USD 491.49 Billion in 2021. The Argentine government implemented a new door-to-door system, which is web-based and no longer requires a trip to Customs for package pick-up. The system allows for online tracking of packages. Argentine customers can now receive up to 12 orders per year with a value of up to $50 each. Customers register online in Correo Argentino’s web portal and are notified via email when packages arrive.

In Argentina, it is important to highlight the transformation that Carrefour is beginning to bring about in some of its stores, turning them into Gourmet Market stores. These stores have already been introduced in other countries, but the concept of gourmet supermarkets is new to Argentina. This concept mainly focuses on perishable food and offers features typical of traditional businesses in the store, such as self-service but also staff-assisted options in the meat section. DIA is the only supermarket chain that implements hard discounts in Argentina. This is not a new mechanism in the local market; it has been there for many years, and today, like in the rest of the world, it is changing its image and offers.

The demand for convenience food is growing at a faster pace due to changes in social and economic patterns, as well as an increase in urbanization, buying power, awareness of healthy foods, changes in meal patterns and existing food habits, and a desire to taste new products. They are becoming extremely popular, especially among working-class people, teenage children, and people living in hostels, bachelors, and so on. Furthermore, recent innovations have led to the use of many traditional technologies like fermentation, extraction, encapsulation, fat replacement, and enzyme technology to produce new healthy breakfast cereal products, reduce or remove undesirable food components, and add specific nutrients.

Covid-19
The COVID-19 pandemic has positively impacted the growth of the breakfast cereal market. Because of the pandemic, people have become more concerned about their overall health, both physical and mental. Due to this, people are now starting to have a healthy breakfast. With this trend expected to continue post-pandemic, breakfast cereal manufacturers are introducing private label products that consumers perceive as more convenient to shop for and cook in, with the added safety of pre-packaged constituents. The pandemic has transformed the way consumers plan their meals. New offerings give people the flexibility to shop conveniently and similarly create healthy meals from scratch. In contrast, consumer and brand awareness has grown, with retailers vying to maintain the highest safety standards while also focusing on quality and sustainability. Besides, COVID-19 has generated multiple opportunities for many private players to emerge in the markets to cater to inflated demand.

Considered in this report
• Geography: Argentina
• Historic year: 2016
• Base year: 2021
• Estimated year: 2022
• Forecast year: 2027

Aspects covered in this report
• Argentina Breakfast Cereal market with its value and forecast along with its segments
• Various drivers and challenges
• On-going trends and developments
• Top profiled companies
• Strategic recommendation

By Product
• Hot Cereal
• Ready to eat

By Ingredient Type
• Wheat
• Rice
• Corn
• Oats
• Barley
• Others

By Distribution Channel
• Supermarket & Hypermarket
• Convenience Stores
• E-Commerce/Online
• Others

The approach of the report:
This report consists of a combined approach of primary as well as secondary research. Initially, secondary research was used to get an understanding of the market and listing out the companies that are present in the market. The secondary research consists of third party sources such as press releases, annual report of companies, analyzing the government generated reports and databases. After gathering the data from secondary sources primary research was conducted by making telephonic interviews with the leading players about how the market is functioning and then conducted trade calls with dealers and distributors of the market. Post this we have started doing primary calls to consumers by equally segmenting consumers in regional aspects, tier aspects, age group, and gender. Once we have primary data with us we have started verifying the details obtained from secondary sources.

Intended audience
This report can be useful to industry consultants, manufacturers, suppliers, associations & organizations related to Breakfast cereal industry, government bodies and other stakeholders to align their market-centric strategies. In addition to marketing & presentations, it will also increase competitive knowledge about the industry.