While inflation rates in Argentina should ease in the short-to-medium, they are likely to remain among the highest in the world due to the country’s entrenched economic difficulties. Accordingly, government-operated price control schemes will continue to play a key role in driving growth in overall retail volume sales of sauces, dips and condiments during the forecast period.
Under the new food labelling regulations that took effect in Argentina in early 2023, if products contain certain ingredients in quantities that exceed the recommended levels set by the Pan American Health Organization, they are required to display health warnings denoted by black octagon symbols on their packaging. This has recently prompted many companies in sauces, dips and condiments to develop healthier alternatives and alter product formulas and usage directions for their brands.
While small local grocers should remain the single most important distribution channel in sauces, dips and condiments over the forecast period, its share of total current value sales is likely to decline due to the further advance of hypermarkets, supermarkets and discounters. Given chronically high inflation in Argentina, the latter channels will continue to profit from the fact that Precios Justos and similar price control programmes are exclusively implemented via large modern grocery retailers chains like Jumbo, Coto and Carrefour.
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Understand the latest market trends and future growth opportunities for the Sauces, Dips and Condiments industry in Argentina with research from Euromonitor International's team of in-country analysts – experts by industry and geographic specialisation.
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Sauces, Dips and Condiments
This is the aggregation of cooking ingredients and condiments, dips, pickled products, sauces, yeast-based spreads, and other sauces, dips and condiments. Excludes: Unpackaged/bulk sauces, dressings and condiments, such as unpackaged herbs and spice or instances where consumers bring an empty contained to be (re)filled. Excludes: Table salt, vinegar, baking ingredients, desiccated coconut, and cooking cream/milk/powder for cooking and baking.
See All of Our DefinitionsThis report originates from Passport, our Sauces, Dips and Condiments research and analysis database.
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