The projected per capita grape market size in Argentina is expected to rise steadily from 1.86 kilograms in 2024 to 1.99 kilograms in 2028. This forecast suggests a gradual annual increase in per capita consumption. For context, the consumption stood at approximately 1.82 kilograms in 2023, indicating a positive growth trend. Year-on-year, the market is expected to grow by 2.2% between 2024 and 2025, 1.6% between 2025 and 2026, 1.55% between 2026 and 2027, and 1.53% between 2027 and 2028.
Looking at the compound annual growth rate (CAGR) from 2024 to 2028, the average annual increase is about 1.77%. This consistent rise reflects a stable market demand for grapes in Argentina.
Future trends to watch for include potential impacts from climate change on grape production, shifts in consumer preferences towards organic produce, and advancements in agricultural technology that could influence yield and quality. Keeping an eye on these factors will be crucial for market participants.
