COMPETITIVE LANDSCAPE
Unilever maintains lead thanks to ongoing success of Hellmann’s and Knorr brands
Unilever de Argentina SA is the leading player in sauces, dips and condiments, thanks to the success of its overall leading Hellmann's brand, alongside Knorr, and its smaller Savora brand. Hellmann’s also leads sauces overall, barbecue sauces and ketchup, although comes in second place to the strongly leading Natura from Niza SA in mayonnaise.
Brands see growth due to positive performance of the category
Norquinco SCA is the overall best performing player in company terms, albeit only holding a marginal share. The player offers the Ñorquinco brand in picked products.
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Overview:
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.
Key trends are clearly and succinctly summarised alongside the most current research data available. Understand and assess competitive threats and plan corporate strategy with our qualitative analysis, insight and confident growth projections.
Data and analysis in this report provides further detailed coverage dedicated to a comprehensive range of core packaged food categories.
If you're in the Sauces, Dips and Condiments industry in Argentina, our research will help you to make informed, intelligent decisions; to recognise and profit from opportunity, or to offer resilience amidst market uncertainty.
The Sauces, Dips and Condiments in Argentina report includes:
- Analysis of key supply-side and demand trends
- Detailed segmentation of international and local products
- Historic volume and value sizes, company and brand market shares
- Five year forecasts of market trends and market growth
- Robust and transparent research methodology, conducted in-country
This report answers:
- What is the market size of Sauces, Dips and Condiments in Argentina?
- Which are the leading brands in Sauces, Dips and Condiments in Argentina?
- How are products distributed in Sauces, Dips and Condiments in Argentina?
- How is the rise of e-commerce and/or the expansion of modern grocery retail impacting traditional retail?
- What are the key health and wellness concerns driving, or challenging, sales in Sauces, Dips and Condiments?
- How significant are vegan and vegetarian dietary requirements in determining sales growth in Argentina?
- How has COVID-19 impacted consumer demand? To what extent have lockdown, home seclusion and stockpiling boosted sales? Will the longer term economic repercussions of the pandemic stimulate or suppress future growth?
- Where is future growth expected to be most dynamic?
- How significant will values-based claims, such as sustainability and ethical labelling, be in supporting future growth and brand equity?
Sauces, Dips and Condiments in Argentina - Category analysis
KEY DATA FINDINGS
A positive performance for sauces, dips and condiments
Overall positive performance attributed to versatile nature of category
Sauces shows the best performance, thanks to offering a wide range of popular options for different needs
Positive sales will continue, as value sales stabilise and volume is supported by baseline demand
Home cooking trends will help to support sales
Spicy flavours will be among the main innovations
Unilever maintains lead thanks to ongoing success of Hellmann’s and Knorr brands
Brands see growth due to positive performance of the category
Small local grocers benefit from proximity
Distribution channels benefit from discontinuation of the Precios Justos programme
Cooking Ingredients and Meals in Argentina - Industry Overview
Slow economic recovery and price increases hinder demand
KEY DATA FINDINGS
Price challenges and the global trade war
Healthy and wellness trends continue
Comfort on a limited budget
Positive ongoing growth, with stabilising prices leading to lower value sales, and volume supported by baseline demand
Companies will use innovations and new product launches to stand out from the crowd
Supermarkets and hypermarkets expected to recover
Unilever holds the lead, with local player Arcor in second overall place
Company growth linked to category performance
Small local grocers continue to benefit from proximity
All distribution channels see positive growth
Could wholesalers be the next big thing thanks to meeting wider consumer demands?
COUNTRY REPORTS DISCLAIMER
The following categories and subcategories are included:
Sauces, Dips and Condiments
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- Liquid Stocks and Fonds
- Stock Cubes and Powders
- Gravy Cubes, Powders and Pots
- Monosodium Glutamate
- Herbs and Spices
- Tomato Pastes and Purées
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- Liquid Recipe Sauces (excl pasta sauces)
- Dry Recipe Sauces
- Pasta Sauces
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- Barbecue Sauces
- Fish Sauces
- Ketchup
- Mayonnaise
- Mustard
- Oyster Sauces
- Salad Dressings
- Soy Sauces
- Chili Sauces
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- Dips
- Yeast-based Spreads
- Pickled Products
- Other Sauces and Condiments
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 definitionsWhy buy this report?
- Gain competitive intelligence about market leaders
- Track key industry trends, opportunities and threats
- Inform your marketing, brand, strategy and market development, sales and supply functions
This report originates from Passport, our Sauces, Dips and Condiments research and analysis database.
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