Argentina Mayonnaise Market Report and Forecast 2024-2032

Argentina Mayonnaise Market Size

The Argentina mayonnaise market reached around USD 174.08 million in 2023. The market is projected to grow at a CAGR of 3.5% between 2024 and 2032, reaching almost USD 239.33 million by 2032.

Argentina Mayonnaise Market Outlook

• Argentina is the second largest consumer of mayonnaise products in Latin America, after Chile.

• An average person in Argentina consumes 1.7 kg of mayonnaise yearly.

• Mayonnaise category products are consumed by nearly 94% of households in Argentina.

Argentina Mayonnaise Market Growth

As per the International Food Information Council, an increasing number of Argentine consumers are prioritising clean-label and all-natural products’ consumption to reap their health benefits. This, coupled with the rising prevalence of obesity among adults in Argentina (over 30%), is expected to drive the demand for low/medium calorie mayonnaise.

Major market players are expected to reformulate their existing product lines and add functional ingredients like vegetable oils and lemon juice in mayonnaise to enhance its nutritional profile while maintaining its original taste. The selection of the right mixing technology is essential for market players to produce thick, creamy mayonnaise, attracting buyers towards its high consistency and colour.

To deal with the anticipated increase in egg shortage and consumers’ shift towards consuming a vegetarian diet, dairy-free mayonnaise is expected to become increasingly popular among Argentine households. The establishment of new restaurant chains is expected to further propel the demand for mayonnaise, as it is a crucial ingredient in preparing various dishes.

As per the Argentine Chamber of Information and Communications, 82% of Argentinian households have internet access and every 9/10 people have a cell phone. This is expected to drive the online sales of mayonnaise nationally, making online retailers the biggest distribution channel for condiments over the forecast period.

Argentina Mayonnaise Industry Segmentation

Argentina Mayonnaise Market Report and Forecast 2024-2032 offers a detailed analysis of the market based on the following segments:

Market Breakup by Type

• Unflavoured Mayonnaise

• Flavoured Mayonnaise

Market Breakup by End Use

• HoReCa

• Household

Market Breakup by Distribution Channel

• Supermarkets and Hypermarkets

• Convenience Stores

• Online Retailers

• Others

Argentina Mayonnaise Market Share

Based on type, the market is divided into flavoured mayonnaise and unflavoured mayonnaise. Over the forecast period, flavoured mayonnaise is expected to emerge as a significant segment in the market, as it has diverse culinary applications and imparts a unique flavour to various dishes.

Leading Companies in the Argentina Mayonnaise Market

The report provides a detailed analysis of the following key players in the market, covering their competitive landscape and latest developments like mergers and acquisitions, investments, and capacity expansion.

• Molto S.A.

• Unilever Plc

• Arytza

• Menoyo S.A.

• Others

Major market players are expected to expected to introduce clean-label mayonnaise amid growing health consciousness.

Key Highlights of the Report