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Colombia Beverage Market Size, Share, Growth, Analysis: By Product Type: Alcoholic Beverage, Non-Alcoholic Beverage; By Packaging Type: Bottles, Can, Others; By Distribution Channel: Online, Offline; Market Dynamics: SWOT Analysis, Porter’s Five Forces Analysis, Key Indicators for Demand; Competitive Landscape; 2024-2032
Colombia Beverage Market Outlook
The Colombia beverage market size is projected to grow at a CAGR of 5% between 2024 and 2032.
Key Takeaways
- The increasing focus of beverage manufacturers on product diversification and the launch of healthier variants is adding to the market growth.
- In the year 2022, beer ranked as the 320th highest imported commodity in Colombia. The increasing consumption of alcoholic beverages in the country supports the market.
- In the year 2022, Colombia's import of presses, crushers, etc. for wine, fruit juice, and beverages amounted to $291k.
As per the Colombia beverage market analysis, consumers are actively seeking out beverages that align with their health goals and dietary preferences. This shift in consumer demand has led to a significant increase in the variety and availability of healthier beverage options in the market. With rising rates of obesity and related health issues, consumers are increasingly looking for sugar-free or low-calorie alternatives to traditional sugary drinks. This has prompted beverage companies to develop and introduce a wide range of zero or reduced-sugar options, such as flavoured water, diet sodas, and unsweetened teas.
Additionally, there is a rising interest in functional beverages that offer added health benefits beyond hydration. These drinks are often enriched with minerals, vitamins, antioxidants, or other bioactive compounds that are believed to support specific health functions and offer benefits such as energy boost, or cognitive enhancement. Functional beverages can include products like vitamin-infused water, protein shakes, or herbal teas with added health-promoting ingredients.
Moreover, the Colombian government encourages the adoption of healthier beverages and food products. In November 2022, the Colombian Congress gave its approval for a tax to be imposed on sugar-sweetened beverages (SSB) and ultra-processed products (UPPs), establishing Colombia as one of the pioneering nations to implement a tax on ultra-processed products. Additionally, nowadays customers seek sustainably packaged food and beverage items to reduce their carbon footprints, consequently influencing the Colombia beverage market share.
Market Segmentation
Colombia Beverage Market Report and Forecast 2024-2032 offers a detailed analysis of the market based on the following segments:
Market Breakup by Product Type
- Alcoholic Beverage
- Beer
- Wine
- Spirits
- Non-Alcoholic Beverage
- Energy and Sports Drink
- Soft Drinks
- Bottled Water
- Packaged Juice
- RTD Tea and Coffee
- Others
Market Breakup by Packaging Type
- Bottles
- Can
- Others
Market Breakup by Distribution Channel
- Online
- Offline
Competitive Landscape
The market participants are increasingly prioritising the development of functional foods and beverages to meet the needs of health-conscious consumers. Additionally, they are placing a greater emphasis on adopting sustainable production and packaging practices to support environmental sustainability.
- Nestlé SA
- Red Bull GmbH
- The Coca-Cola Company
- PepsiCo, Inc.
- Diageo plc
- Bacardi & Company Limited
- AB InBev (Bavaria & CIA S.C.A.)
- Heineken NV
- Grupo AJE
- Postobón S.A.
- Others
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Product Type |
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| Breakup by Packaging Type |
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| Breakup by Distribution Channel |
|
| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Market Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
7 Opportunities and Challenges in the Market
8 Latin America Beverage Market Overview
8.1 Key Industry Highlights
8.2 Latin America Beverage Historical Market (2018-2023)
8.3 Latin America Beverage Market Forecast (2024-2032)
8.4 Latin America Beverage Market Breakup by Country
8.4.1 Brazil
8.4.2 Mexico
8.4.3 Argentina
8.4.4 Colombia
8.4.5 Others
9 Colombia Beverage Market Overview
9.1 Key Industry Highlights
9.2 Colombia Beverage Historical Market (2018-2023)
9.3 Colombia Beverage Market Forecast (2024-2032)
10 Colombia Beverage Market by Product Type
10.1 Alcoholic Beverage
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.1.3 Breakup by Type
10.1.3.1 Beer
10.1.3.2 Wine
10.1.3.3 Spirits
10.2 Non-Alcoholic Beverage
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.2.3 Breakup by Type
10.2.3.1 Energy and Sports Drink
10.2.3.2 Soft Drinks
10.2.3.3 Bottled Water
10.2.3.4 Packaged Juice
10.2.3.5 RTD Tea and Coffee
10.2.3.6 Others
11 Colombia Beverage Market by Packaging Type
11.1 Bottles
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Can
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 Others
12 Colombia Beverage Market by Distribution Channel
12.1 Online
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Offline
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
13 Market Dynamics
13.1 SWOT Analysis
13.1.1 Strengths
13.1.2 Weaknesses
13.1.3 Opportunities
13.1.4 Threats
13.2 Porter’s Five Forces Analysis
13.2.1 Supplier’s Power
13.2.2 Buyers Powers
13.2.3 Threat of New Entrants
13.2.4 Degree of Rivalry
13.2.5 Threat of Substitutes
13.3 Key Indicators for Demand
13.4 Key Indicators for Price
14 Trade Data Analysis (HS Code: 22)
14.1 Major Importing Countries
14.1.1 By Volume
14.1.2 By Value
14.2 Major Exporting Countries
14.2.1 By Volume
14.2.2 By Value
15 Competitive Landscape
15.1 Market Structure
15.2 Company Profiles
15.2.1 Nestlé SA
15.2.1.1 Company Overview
15.2.1.2 Product Portfolio
15.2.1.3 Demographic Reach and Achievements
15.2.1.4 Certifications
15.2.2 Red Bull GmbH
15.2.2.1 Company Overview
15.2.2.2 Product Portfolio
15.2.2.3 Demographic Reach and Achievements
15.2.2.4 Certifications
15.2.3 The Coca-Cola Company
15.2.3.1 Company Overview
15.2.3.2 Product Portfolio
15.2.3.3 Demographic Reach and Achievements
15.2.3.4 Certifications
15.2.4 PepsiCo, Inc.
15.2.4.1 Company Overview
15.2.4.2 Product Portfolio
15.2.4.3 Demographic Reach and Achievements
15.2.4.4 Certifications
15.2.5 Diageo plc
15.2.5.1 Company Overview
15.2.5.2 Product Portfolio
15.2.5.3 Demographic Reach and Achievements
15.2.5.4 Certifications
15.2.6 Bacardi & Company Limited
15.2.6.1 Company Overview
15.2.6.2 Product Portfolio
15.2.6.3 Demographic Reach and Achievements
15.2.6.4 Certifications
15.2.7 AB InBev (Bavaria & CIA S.C.A.)
15.2.7.1 Company Overview
15.2.7.2 Product Portfolio
15.2.7.3 Demographic Reach and Achievements
15.2.7.4 Certifications
15.2.8 Heineken NV
15.2.8.1 Company Overview
15.2.8.2 Product Portfolio
15.2.8.3 Demographic Reach and Achievements
15.2.8.4 Certifications
15.2.9 Grupo AJE
15.2.9.1 Company Overview
15.2.9.2 Product Portfolio
15.2.9.3 Demographic Reach and Achievements
15.2.9.4 Certifications
15.2.10 Postobón S.A.
15.2.10.1 Company Overview
15.2.10.2 Product Portfolio
15.2.10.3 Demographic Reach and Achievements
15.2.10.4 Certifications
15.2.11 Others
16 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Latin America Beverage Market: Key Industry Highlights, 2018 and 2032
2. Colombia Beverage Market: Key Industry Highlights, 2018 and 2032
3. Colombia Beverage Historical Market: Breakup by Product Type (USD Million), 2018-2023
4. Colombia Beverage Market Forecast: Breakup by Product Type (USD Million), 2024-2032
5. Colombia Beverage Historical Market: Breakup by Packaging Type (USD Million), 2018-2023
6. Colombia Beverage Market Forecast: Breakup by Packaging Type (USD Million), 2024-2032
7. Colombia Beverage Historical Market: Breakup by Distribution Channel (USD Million), 2018-2023
8. Colombia Beverage Market Forecast: Breakup by Distribution Channel (USD Million), 2024-2032
9. Major Importing Countries by Volume
10. Major Exporting Countries by Volume
11. Major Importing Countries by Value
12. Major Exporting Countries by Value
13. Colombia Beverage Market Structure
Key Questions Answered in the Report
The market is estimated to grow at a CAGR of 5% between 2024 and 2032.
The market is driven by the rising disposable income and increasing demand for sugar-free beverages by health-conscious consumers.
The key trends aiding the market expansion include the rising demand for functional beverages and the adoption of sustainable production methods.
The major packaging types are bottles, cans, and others.
The major product types in the market are alcoholic beverage and non-alcoholic beverage.
The major players in the market are Nestlé SA, Red Bull GmbH, The Coca-Cola Company, PepsiCo, Inc., Diageo plc, Bacardi & Company Limited, AB InBev (Bavaria & CIA S.C.A.), Heineken NV, Grupo AJE, and Postobón S.A., among others.
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