The food and beverages sector in Argentina has shown consistent growth from 2013 to 2023, rising from 27.72 to 37.71 in units of total manufacturing. The year-on-year growth rates fluctuated over the period, with notable peaks in 2018 and steady, albeit smaller, increases in the latter years. By 2023, the value stood at 37.71 units. The last two years saw a yearly increment of approximately 1.8%, while the five-year CAGR stood at 2.6%.
Forecasts suggest an upward trajectory with value predicted to reach 40.95 units by 2028, projecting a 5-year CAGR of 1.31%. This indicates a moderate yet stable growth rate in the future.
Future trends to watch for:
• Technological advancements in food processing and packaging.
• Shifts towards healthier and organic product lines.
• Increased export opportunities following trade agreements.
• Impact of economic policies and inflation on production costs.
