Sugar confectionery responded negatively to the COVID-19 pandemic in 2020 as volume sales declined notably. In 2021, the longer-term economic impact of the COVID-19 pandemic and the general economic turmoil in Argentina will continue to result in many consumers seeking to limit spending.
Sugar confectionery in Argentina is not only being affected by the country’s economic problems but also rising health consciousness. Consumers are becoming increasingly aware of the benefits of a healthier diet and therefore are trying to avoid sugar-laden products.
Sugar confectionery will continue to be dominated by Arcor in 2021. Indeed, Arcor is one of the world’s leading producers of sugar confectionery.
After rebounding in current value and volume terms in 2021 post pandemic, sugar confectionery will once again witness slowed growth over the duration of the forecast period. The main reason for this will be largely associated with the ongoing financial complications in the country.
Over the forecast period, sugar confectionery will continue to be negatively impacted by the growing health and wellness trend that will lead to a gradual slowdown of current value sales. The COVID-19 pandemic in particular will encourage more consumers to avoid such products in a bid to become healthier.
Kiosks will remain by far the most important channel within sugar confectionery over the forecast period. Despite being severely impacted by forced closures during lockdown in 2020, chains of kiosks such as Open 25 and 365 have partnered with PedidosYa and Rappi to boost sales and have even started offering delivery services which will likely benefit the channel in the years to come.
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This report originates from Passport, our Sugar Confectionery research and analysis database.
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