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Colombia Confectionery Market Size, Share, Growth, Analysis: By Product Type: Chocolate, Sugar Confectionery, Snack Bars, Others; By Distribution Channel: Supermarkets and Hypermarkets, Convenience Stores, Speciality Stores, Online, Others; Market Dynamics: SWOT Analysis, Porter’s Five Forces Analysis; Competitive Landscape; 2024-2032
Colombia Confectionery Market Outlook
The Colombia confectionery market size is projected to expand at a CAGR of 4.30% between 2024 and 2032.
Key Takeaways
- In 2022, Colombia's primary export to Guinea-Bissau was confectionery sugar, amounting to a value of $145k.
- The demand for premium and luxurious confectionery items is on the rise, encompassing gourmet candies, handcrafted chocolates, and top-notch ingredients such as single-origin cocoa.
- The market is witnessing an increasing demand for products that provide additional functional advantages apart from basic nutrition. This includes energy-boosting candies, stress-relief chocolates, and protein bars.
The Colombia confectionery market growth is driven by the rising demand for snack foods and impulse products, higher consumption of sweets during celebrations and special events, and the increasing demand for premium sweets. Traditional celebrations and festive occasions play a significant role in Colombian culture, resulting in a surge in the consumption of confectionery products. The expanding urbanisation and growing disposable income further contribute to the positive outlook of the confectionery market in Colombia.
Colombian consumers are increasingly seeking out confectionery items that are vegan, gluten-free, and lactose-free as part of a larger trend towards healthier eating habits. This shift in consumer preferences has created a demand for products that are not only delicious but also align with their dietary restrictions and values, consequently driving up the Colombia confectionery market share.
Moreover, with a heightened sense of environmental consciousness and social responsibility among the Colombian population, consumers are increasingly seeking confectionery products that are produced using ethical and sustainable methods. Manufacturers are focusing on sourcing cocoa from environmentally friendly origins and utilising eco-friendly packaging materials. By adopting recyclable or biodegradable packaging solutions, confectionery brands are addressing concerns related to environmental impact and waste management.
Market Segmentation
Colombia Confectionery Market Report and Forecast 2024-2032 offers a detailed analysis of the market based on the following segments:
Market Breakup by Product Type
- Chocolate
- White
- Dark
- Milk
- Sugar Confectionery
- Hard-Boiled Sweets
- Caramels and Toffees
- Mint and Gums
- Snack Bars
- Others
Market Breakup by Distribution Channel
- Supermarkets and Hypermarkets
- Convenience Stores
- Speciality Stores
- Online
- Others
Competitive Landscape
The market participants are currently focusing on the production of sugar-free, gluten free, and gourmet confectionery items to meet the changing dietary preferences of consumers.
- Nestlé S.A
- Ferrero International S.A.
- Mondelez International Inc.
- Hershey Co.
- Grupo Nutresa S.A.
- Canels Group
- Colombina Candy Company, Inc.
- Sweetsol Sucursal Colombia
- Super De Alimentos S.A.S.
- Dulces La Americana S.A.S.
- 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 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 Confectionery Market Overview
8.1 Key Industry Highlights
8.2 Latin America Confectionery Historical Market (2018-2023)
8.3 Latin America Confectionery Market Forecast (2024-2032)
8.4 Latin America Confectionery Market Share by Country
8.4.1 Brazil
8.4.2 Mexico
8.4.3 Argentina
8.4.4 Colombia
8.4.5 Others
9 Colombia Confectionery Market Overview
9.1 Key Industry Highlights
9.2 Colombia Confectionery Historical Market (2018-2023)
9.3 Colombia Confectionery Market Forecast (2024-2032)
10 Colombia Confectionery Market by Product Type
10.1 Chocolate
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.1.3 Breakup by Type
10.1.3.1 White
10.1.3.2 Dark
10.1.3.3 Milk
10.2 Sugar Confectionery
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.2.3 Breakup by Type
10.2.3.1 Hard-Boiled Sweets
10.2.3.2 Caramels and Toffees
10.2.3.3 Mint and Gums
10.3 Snack Bars
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Others
11 Colombia Confectionery Market by Distribution Channel
11.1 Supermarkets and Hypermarkets
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Convenience Stores
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 Speciality Stores
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 Online
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Others
12 Market Dynamics
12.1 SWOT Analysis
12.1.1 Strengths
12.1.2 Weaknesses
12.1.3 Opportunities
12.1.4 Threats
12.2 Porter’s Five Forces Analysis
12.2.1 Supplier’s Power
12.2.2 Buyers Powers
12.2.3 Threat of New Entrants
12.2.4 Degree of Rivalry
12.2.5 Threat of Substitutes
12.3 Key Indicators for Demand
12.4 Key Indicators for Price
13 Trade Data Analysis (HS Code: 1704, 1806)
13.1 Major Importing Countries
13.1.1 By Volume
13.1.2 By Value
13.2 Major Exporting Countries
13.2.1 By Volume
13.2.2 By Value
14 Competitive Landscape
14.1 Market Structure
14.2 Company Profiles
14.2.1 Nestlé S.A
14.2.1.1 Company Overview
14.2.1.2 Product Portfolio
14.2.1.3 Demographic Reach and Achievements
14.2.1.4 Certifications
14.2.2 Ferrero International S.A.
14.2.2.1 Company Overview
14.2.2.2 Product Portfolio
14.2.2.3 Demographic Reach and Achievements
14.2.2.4 Certifications
14.2.3 Mondelez International Inc.
14.2.3.1 Company Overview
14.2.3.2 Product Portfolio
14.2.3.3 Demographic Reach and Achievements
14.2.3.4 Certifications
14.2.4 Hershey Co.
14.2.4.1 Company Overview
14.2.4.2 Product Portfolio
14.2.4.3 Demographic Reach and Achievements
14.2.4.4 Certifications
14.2.5 Grupo Nutresa S.A.
14.2.5.1 Company Overview
14.2.5.2 Product Portfolio
14.2.5.3 Demographic Reach and Achievements
14.2.5.4 Certifications
14.2.6 Canels Group
14.2.6.1 Company Overview
14.2.6.2 Product Portfolio
14.2.6.3 Demographic Reach and Achievements
14.2.6.4 Certifications
14.2.7 Colombina Candy Company, Inc.
14.2.7.1 Company Overview
14.2.7.2 Product Portfolio
14.2.7.3 Demographic Reach and Achievements
14.2.7.4 Certifications
14.2.8 Sweetsol Sucursal Colombia
14.2.8.1 Company Overview
14.2.8.2 Product Portfolio
14.2.8.3 Demographic Reach and Achievements
14.2.8.4 Certifications
14.2.9 Super De Alimentos S.A.S.
14.2.9.1 Company Overview
14.2.9.2 Product Portfolio
14.2.9.3 Demographic Reach and Achievements
14.2.9.4 Certifications
14.2.10 Dulces La Americana S.A.S.
14.2.10.1 Company Overview
14.2.10.2 Product Portfolio
14.2.10.3 Demographic Reach and Achievements
14.2.10.4 Certifications
14.2.11 Others
15 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Latin America Confectionery Market: Key Industry Highlights, 2018 and 2032
2. Colombia Confectionery Market: Key Industry Highlights, 2018 and 2032
3. Colombia Confectionery Historical Market: Breakup by Product Type (USD Million), 2018-2023
4. Colombia Confectionery Market Forecast: Breakup by Product Type (USD Million), 2024-2032
5. Colombia Confectionery Historical Market: Breakup by Distribution Channel (USD Million), 2018-2023
6. Colombia Confectionery Market Forecast: Breakup by Distribution Channel (USD Million), 2024-2032
7. Major Importing Countries by Volume
8. Major Exporting Countries by Volume
9. Major Importing Countries by Value
10. Major Exporting Countries by Value
11. Colombia Confectionery Market Structure
Key Questions Answered in the Report
The market is estimated to grow at a CAGR of 4.30% between 2024 and 2032.
The market is experiencing growth due to the surge in demand for creative bakery items, and the rise in online sales.
The key trends aiding the market expansion include the increasing demand for low and sugar-free snack options and the growing emphasis on sustainably and ethically sourced ingredients.
The major product types in the market are chocolate, sugar confectionery, and snack bars, among others.
The major distribution channels in the market are supermarkets and hypermarkets, convenience stores, speciality stores, and online, among others.
The major players in the market are Nestlé S.A, Ferrero International S.A., Mondelez International Inc., Hershey Co., Grupo Nutresa S.A., Canels Group, Colombina Candy Company, Inc., Sweetsol Sucursal Colombia, Super De Alimentos S.A.S., among Dulces La Americana S.A.S., among others.
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