Agriculture is one of the key economic activities in Chile country. Chile becomes the main agricultural exports country including fresh fruit, wine, meat, dairy and fishery products. Country has adopted a commercial policy to open & diversify markets for its agricultural & food products with special focus in Chinese market. The Chile’s agriculture industry includes various agricultural related products, which are responsible for country’s overall trade, total domestic product and national work force. Country is world’s largest exporter of prunes, blueberries, fresh table grapes, frozen salmon fillets and dehydrated apples.
Healthy & prepared foods, epicurean foods, and ready-to-eat meals show immense potential for growth in the Chilean agriculture market. Chilean customers have rising concern for health related issues while the food processing industry continues for adapting the restrictive nutritional labeling law, sophisticated customers and higher labor costs, all of which present challenges, but also have many opportunities for U.S. high value-added products & ingredients for instance natural additives, thickeners, preservatives, and sweeteners.
According to study, “Chile Agriculture Market Trends, Statistics, Growth, and Forecasts” the key companies operating in the Chile agriculture market are Agrosuper S.A., Corpesca S.A., Watt's S.A., Hortifrut S.A. and Empresas Aquachile S.A. Key companies seek to reformulate & develop novel products that don’t require carrying a warning label from the nutritional labeling law. Therefore, companies look for new ingredients, which can be healthier substitutes or innovations on how to produce the tasteful products within the same price range as well as with healthier ingredients.
The Chile has made many efforts to integrate new agricultural technologies for improving the sector’s efficiency & increasing the land productivity. The high costs & low profits of agricultural production are the major internal inhibitors of country’s agriculture sector. They are also the key factor restricting the growth of farmers’ income and leading to decrease of the labor force in agriculture. Food safety has been a main concern for Chile consumers; especially concerning farm produce for instance grains, vegetables, meat, and seafood. The growing demand for high-quality agricultural products vs. their limited supply eventually results in increased imports. Some major product categories, including dairy foods and soybeans, have been greatly dependent on imports for many years. Other inhibitors to sector’s growth are the ageing workforce with low level of education and underdeveloped rural financial services system. Additionally, The Chile’s government has adopted several multi-year policies, such as an assurance to double farmer incomes and become the self-sufficient in pulses over an indeterminate short-term period.
The Chile government has for decades aggressively supported the agriculture sector through mechanisms for instance fertilizer subsidies, and relaxed lending conditions, amongst others that allows farmers to have a fair opinion of their revenues & plan for the next agricultural season accordingly. Through a network of public institutions & various programs and schemes, Chile’s federal or regional authorities are trying to protect the agricultural producers and increase the production. A number of policy measures have been taken to tackle two major factors: soil and water, which are critical to improving agricultural output.
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Ankur Gupta, Head Marketing & Communications