Argentina Snack Bar Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

Argentina Snack Bar Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

Argentina Snack Bar Market is projected to grow at a CAGR of 15.98% during the forecast period (2020-2025).

Key Highlights

• Consumer demand for convenient and healthy on-the-go snack options has by-far been the primary attribute for the sales of snack bars all over the world. The energy bar segment dominates the Argentina snack bar market, owing to high demand for nutritional products.
• The free-from categories of snack bars that are devoid of ingredients, such as sugar, gluten and GMO, which carry negative public-health opinions, are expected to significant sales in countries, such as Brazil and Argentina.
• Argentinians are rational shoppers as they have found supermarkets as an ideal place to shop for low priced products during the times of inflation in their country.

Key Market TrendsEnergy Bars Holds the Largest Market Share

The Argentinean snack bar market is driven by increasing popularity of high-quality premium snacking options, especially among the affluent class of Argentinians. The value-based sales growth in cereal and energy bars categories of the Argentinean snack bar market has been one of the highest in the entire Latin American region (including Mexico). The cereal and energy bars are increasingly positioned as a premium products in Argentinian retail landscape, the high price points are responsible for increase in their value sales growth.

Booming E-Commerce Sales in Argentina

There is an increasing trend of online shopping among Argentinians. Through the graph it can be seen that e-commerce sales have increased over the years and also it is expected to increase in the coming years as well. Argentinians are becoming more health conscious and are shifting from sweet biscuit consumption to healthy snack bars. Most of the snack bars companies sell their products on these e-commerce platforms which a great source of purchase for the Argentinians.

Competitive Landscape

Argentina snack bar market is a highly competitive market, with the presence of prominent global players and various regional players. Some of the key players are General Mills, Inc.,GEORGALOS HNOS SAICA, Skout Backcountry LLC, Nestle, etc. Companies have been coming up with innovative product lines solutions to increase their market penetration like General Mills,Inc. added new yogurt and snack offerings as a part of its new innovations.

Additional Benefits:

• The market estimate (ME) sheet in Excel format
• 3 months of analyst support

Companies Mentioned

General Mills, Inc.
GEORGALOS HNOS SAICA
Nestle
The Kelloggs Company
Skout Backcountry LLC
Arcor
The Hershey Company

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