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Colombia Fast Food Market Size, Share, Growth, Analysis: By Product Type: Pizza/Pasta, Burgers/Sandwiches, Asian/Latin American Food, Others; By End User: Full-Service Restaurants, Quick Service Restaurants, Others; Market Dynamics: SWOT Analysis, Porter’s Five Forces Analysis; Competitive Landscape; 2024-2032
Colombia Fast Food Market Outlook
The Colombia fast food market size is projected to expand at a CAGR of 5.80% in the forecast period of 2024-2032.
Key Takeaways
- The streets of Colombia see an astonishing 1.5 million people visiting fast-food restaurants every day.
- Colombia imported $38.9 million worth of pasta in 2022, ranking as the 65th largest importer of pasta globally. Pasta plays a significant role in the preparation of numerous fast food recipes.
- The rise of food delivery apps has led to an increase in the consumption of fast foods because of the convenience and ease they offer.
As per the Colombia fast food market analysis, the convenience offered by fast foods is a major factor driving its popularity, as it enables consumers to quickly obtain meals without the need for any preparation or cooking. This makes it an ideal choice for busy individuals and families alike.
The fast-paced nature of modern lifestyles, the trend towards urban living, and the rise in single-person households have all contributed to the widespread appeal of fast food as a convenient dining option. Furthermore, effective marketing campaigns and strong branding efforts have played a crucial role in enhancing consumer awareness and fostering loyalty towards fast food chains.
Furthermore, rise of food delivery apps has positively influenced the fast food market growth in Colombia. These apps have made it easier for customers to order food and have it delivered to their homes. Some of the most well-known food delivery apps in Colombia include Rappi, DiDi Food, TaDa Delivery, Frizby, and Tap It. These apps not only simplify the ordering process but also provide customers with benefits such as loyalty points and cash rewards on future deliveries, consequently driving up the Colombia fast food market share.
In November 2021, Arcos Dorados, a franchisee of McDonald's, unveiled a three-story restaurant in Colombia, boasting multiple picturesque outdoor terraces, an impressive children's play area, a stylish McCafé coffee bar, and a drive-thru adorned with a mural by a well-known Colombian artist. Additionally, the building incorporates 25 environmentally friendly design elements that play a crucial role in Arcos Dorados' sustainability initiative- Receta del Futuro (Recipe for the Future). Such development projects by leading food chains in the country are expected to aid the market development by promoting sustainability within the sector.
Market Segmentation
Colombia Fast Food Market Report and Forecast 2024-2032 offers a detailed analysis of the market based on the following segments:
Market Breakup by Product Type
- Pizza/Pasta
- Burgers/Sandwiches
- Asian/Latin American Food
- Others
Market Breakup by End User
- Full-Service Restaurants
- Quick Service Restaurants
- Others
Competitive Landscape
The market players are increasingly investing in product marketing and branding to expand their reach and increase profitability.
- Domino's Pizza Inc.
- Yum! Brands, Inc.
- McDonald's Corp.
- Papa John's International, Inc.
- Subway IP LLC
- Restaurant Brands International Inc.
- Inspire Brands, Inc.
- Focus Brands LLC
- 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:
|
| Breakup by Product Type |
|
| Breakup by End User |
|
| Market Dynamics |
|
| Competitive Landscape |
|
| 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 Fast Food Market Overview
8.1 Key Industry Highlights
8.2 Latin America Fast Food Historical Market (2018-2023)
8.3 Latin America Fast Food Market Forecast (2024-2032)
8.4 Latin America Fast Food 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 Fast Food Market Overview
9.1 Key Industry Highlights
9.2 Colombia Fast Food Historical Market (2018-2023)
9.3 Colombia Fast Food Market Forecast (2024-2032)
10 Colombia Fast Food Market by Product Type
10.1 Pizza/Pasta
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Burgers/Sandwiches
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 Asian/Latin American Food
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Others
11 Colombia Fast Food Market by End User
11.1 Full-Service Restaurants
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Quick Service Restaurants
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 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 Competitive Landscape
13.1 Market Structure
13.2 Company Profiles
13.2.1 Domino's Pizza Inc.
13.2.1.1 Company Overview
13.2.1.2 Product Portfolio
13.2.1.3 Demographic Reach and Achievements
13.2.1.4 Certifications
13.2.2 Yum! Brands, Inc.
13.2.2.1 Company Overview
13.2.2.2 Product Portfolio
13.2.2.3 Demographic Reach and Achievements
13.2.2.4 Certifications
13.2.3 McDonald's Corp.
13.2.3.1 Company Overview
13.2.3.2 Product Portfolio
13.2.3.3 Demographic Reach and Achievements
13.2.3.4 Certifications
13.2.4 Papa John's International, Inc.
13.2.4.1 Company Overview
13.2.4.2 Product Portfolio
13.2.4.3 Demographic Reach and Achievements
13.2.4.4 Certifications
13.2.5 Subway IP LLC
13.2.5.1 Company Overview
13.2.5.2 Product Portfolio
13.2.5.3 Demographic Reach and Achievements
13.2.5.4 Certifications
13.2.6 Restaurant Brands International Inc.
13.2.6.1 Company Overview
13.2.6.2 Product Portfolio
13.2.6.3 Demographic Reach and Achievements
13.2.6.4 Certifications
13.2.7 Inspire Brands, Inc.
13.2.7.1 Company Overview
13.2.7.2 Product Portfolio
13.2.7.3 Demographic Reach and Achievements
13.2.7.4 Certifications
13.2.8 Focus Brands LLC
13.2.8.1 Company Overview
13.2.8.2 Product Portfolio
13.2.8.3 Demographic Reach and Achievements
13.2.8.4 Certifications
13.2.9 Others
14 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Latin America Fast Food Market: Key Industry Highlights, 2018 and 2032
2. Colombia Fast Food Market: Key Industry Highlights, 2018 and 2032
3. Colombia Fast Food Historical Market: Breakup by Product Type (USD Million), 2018-2023
4. Colombia Fast Food Market Forecast: Breakup by Product Type (USD Million), 2024-2032
5. Colombia Fast Food Historical Market: Breakup by End User (USD Million), 2018-2023
6. Colombia Fast Food Market Forecast: Breakup by End User (USD Million), 2024-2032
7. Colombia Fast Food Market Structure
Key Questions Answered in the Report
The market is estimated to grow at a CAGR of 5.80% between 2024 and 2032.
The market is driven by swift urbanisation, rising popularity of quick service restaurants, and increasing working population and their hectic lifestyles.
The key trends aiding the market expansion include the growth of food delivery applications and the rising preference for fusion foods.
The major product types, according to the market report are pizza/pasta, burgers/sandwiches, Asian/Latin American food, and others.
The major end users of the market are full-service restaurants, and quick service restaurants, among others.
The major players in the market are Domino's Pizza Inc., Yum! Brands, Inc., McDonald's Corp., Papa John's International, Inc., Subway IP LLC, Restaurant Brands International Inc., Inspire Brands, Inc., and Focus Brands LLC, among others.
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