The Argentinean snack market is brimming with growth opportunity as consumers seek out high-quality, healthy products that are either good value or positioned as premium, according to Nielsen.
Buenos Aires, Argentina’s cosmopolitan capital, is a hotbed of innovation around food and beverage. FoodNavigator-LATAM caught up with food industry consultant, Agustín Camps, to find out about this year’s hottest trends.
Latin America consumes large amounts of unpackaged artisanal dairy products but brands can innovate and sophisticate consumption to grasp new business, and the success of cheese is a good point of inspiration, according to Euromonitor International.
Food firms need to think small to be big in today's consumer market, using personalized marketing and investing on a regional level, says Rabobank's global consumer foods strategist.
'Exclusive with FAO LATAM's Senior Food Security and Nutrition Officer'
Fighting obesity and malnutrition in Latin America requires sustainable change across the entire food system, not just silver bullets in parts of the chain, says an FAO executive.
Welcome to FoodNavigator-LATAM.com, the home of authoritative and independent news and insights about the food and beverage industries across Central and South America.
Colombia and Ecuador currently export most of their palm oil but demand in Latin American is growing, and the oil crop has the advantage that consumers' minds are "a beautiful white page", according to trade group Fedepalma.
Health and wellness must be collectively addressed and space must be made for improved dialogue and policy development between industry and the public sector, says the president of the Alliance of Food and Beverage Associations in Latin America (ALAIAB).
Consumers in Latin America want healthy food and beverages made in a sustainable and transparent way and expectations are much higher than the global average, says consulting major Edelman.
The United Kingdom wants to drive up food and beverage exports to Latin America but high tariffs and complex trade barriers may make market penetration hard, says UK industry head.
Male and female consumers in Brazil have different tastes and priorities with bakery products and manufacturers must consider this when innovating, says Mintel.
Mexico's export market is hugely driven by its strength in food and beverages, in particular the trade of vegetables, fruits, nuts and beer, says the executive director of federal agency ProMéxico.
The dedicated regional group will work with beverage players across Latin America and the Caribbean to create a collective agenda; streamlining policies, processes and communication, its executive director says.
