Retail current value sales growth for cooking ingredients and meals in Argentina in 2022 will be significantly faster than that recorded in 2021. This is mainly because the country’s longstanding problem with high inflation has been exacerbated by external factors linked to the global recovery from COVID-19 and Russia’s invasion of Ukraine.
With the spike in inflation causing unit prices across cooking ingredients and meals to rise sharply, the Argentinian government has worked to secure the participation of more manufacturers in Precios Cuidados and improve the supply of products already covered by this programme in 2022. For example, in negotiations with producers it has proposed relaxing export restrictions and currency controls if certain targets are met.
Unilever has remained the clear leader in cooking ingredients and meals in retail value sales terms in 2022, followed by Arcor, Molinos Río de la Plata, Molino Cañuelas and Aceitera General Deheza. While Unilever’s overall value share is set to increase from 2021, supply problems have continued to undermine its performance.
Small local grocers remains the leading retail distribution channel in cooking ingredients and meals in Argentina in value sales terms, followed by supermarkets and hypermarkets. The overall value share of small local grocers is set to increase in 2022, while those of the latter two channels are expected to decline.
The outlook for cooking ingredients and meals in Argentina over the forecast period is bright on the whole, with robust growth in retail volume sales projected and the four main categories expected to expand consistently in this regard. While Argentinians will remain highly price-sensitive due to the country’s chronic inflation problem, the impact this has on demand should be cushioned by Precios Cuidados and similar government programmes, frequent discount campaigns by modern grocery retailers and the increasing availability of cheaper private label products.
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Understand the latest market trends and future growth opportunities for the Cooking Ingredients and Meals industry in Argentina with research from Euromonitor International's team of in-country analysts – experts by industry and geographic specialisation.
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Cooking Ingredients and Meals
This report originates from Passport, our Cooking Ingredients and Meals research and analysis database.
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