Argentina Cookies Market Overview, 2027

Argentina Cookies Market Overview, 2027

The Argentinian baked goods market is primarily driven by the high demand for nutrition-based convenience food products. Consumers are increasingly shifting to healthy food products, particularly those with low trans-fat and low fat, and are non-GMO, gluten-free and organic. This provides an impetus to manufacturers to focus on producing baked goods according to consumer preferences. Cookie is a bakery product which is a sweet biscuit having a chewy texture, fairly soft and typically containing pieces of chocolate, fruit or nuts in it to enhance the taste. Based on Product type, Bar Cookies are currently dominating the market with highest share in the market followed by drop cookies and molded cookies, Sandwich cookies is expected to grow more during the forecast period. Based on Packaging type, Flexible packaging leads the market with very minimal share ahead of Rigid Packaging. In terms of Distribution channel, Hypermarkets & Supermarkets have majority share of market followed by specialty stores, E-commerce/ online segment is expected to grow more among others during forecast period.

According to the report, Argentina Cookies Market Overview, 2027, published by Bonafide Research, the market is anticipated to increase by USD 0.28 Billion from 2021 to 2027. The increasing demand for bakery-based products among the population is the major factor driving the growth of the market. In addition, the changing lifestyle and working habits, availability of digestive, gluten-free, healthy Cookies are the key factor for fueling the market growth. Furthermore, economic improvement and growing disposable income are some other factors driving the growth of the market. However, the rising manufacturing cost and price related to the cost of raw materials are factors expected to hamper the market growth. The availability of a wide variety of cookies as a snack for consumers is the major driving factor for the cookie market. It is a ready-to-use snack and is consumable at any time during the day. In addition, they are available at different prices, flavors, sizes, or quantities and with attractive packaging which makes them convenient to store and carry and hence is preferred by the majority of the population thereby augmenting the market growth.

Alfajores is favorite sweet treat in Argentina. Palmeritas are ear-shaped Argentinian cookies, flaky and sweet and typically covered in sugar. They can be found at local Argentine bakeries known as panaderias. The Argentinian food market is undergoing constant evolution, as various new trends are influencing the eating habits of consumers in the country. There is growing demand for non-GMO foods among Argentinian consumers, owing to increasing awareness about the health benefits of consuming these foods. In order to address the growing consumer demand, producers are increasing the supply of various types of non-GMO food products. Additionally, the growing health-consciousness among the Argentinian consumers is creating demand for natural and healthy ingredient.

The most popular supermarket chains in Argentina are Supermercados Día, Hipermercados Coto, Carrefour (Express and also Hipermercado), Jumbo, Disco, Vea, Walmart, Chinos, Barrio Chino, Mercado Central. The opening hours (retailer) are 8 to 18 all week.

Covid-19
The COVID-19 pandemic initially caused the temporary shutdown of manufacturing plants and loss of manpower, which reduced the production of cookies. In some countries, the cookie manufacturers were exempted from the lockdown restrictions, but the difficulty in the procurement of raw material due to the least mobility led to a shortage of production. The import and export ban imposed in several countries led to the disruption of the supply chain market. The domestic supply chain disruption caused due to the transportation restrictions and shutdown of distribution channels impacted the sales and revenue of the cookies market. Supermarkets and retail stores faced a shortage of the product due to initial panic buying and later due to the shutdown. The demand for cookies increased, whereas the supply was not able to meet the requirements.

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

Aspects covered in this report
• Argentina Cookies 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
• Bar Cookies
• Sandwich Cookies
• Molded Cookies
• Pressed Cookies
• Rolled Cookies
• Others Cookies (Drop Cookies, No-bake Cookies, Refrigerator Cookies, Ice Box Cookies, etc.)

By Packing
• Flexible Packing
• Rigid Packing
• Other Packing

By Distribution Channel
• Hypermarkets/Supermarkets
• Specialty Stores & Retailers
• Online Retailers
• 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 Cookies 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.