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Colombia Snacks Market Size, Share, Analysis, Growth, Trends: By Product Type: Frozen and Refrigerated Snacks, Fruit Snacks, Bakery Snacks, Savory Snacks, Confectionery Snacks, Others; By Distribution Channel: Supermarkets and Hypermarkets, Convenience Stores, Online, Others; Market Dynamics; Competitive Landscape; 2024-2032
Colombia Snacks Market Outlook
The Colombia snacks market size is estimated to expand at a CAGR of 6.60% between 2024 and 2032.
Key Takeaways
- Consumers in Colombia are increasingly seeking healthier snack options, favouring the ones that are low in salt, sugar, and unhealthy fats, and enriched with fibres, proteins, and natural ingredients.
- In June 2021, MINHEALTH, Colombia’s Ministry of Health and Social Protection, issued technical regulations pertaining to the nutrition and labeling requirements (front-of-pack) for packaged food products.
- In November 2020, MINHEALTH established mandatory limits on the maximum permissible sodium content for 59 processed food categories, including snacks and processed meats.
The Colombia snacks market growth is driven by the increasing demand for packaged foods due to the convenience offered by them to busy individuals and their affordability. A notable trend in the market is the rising consumer demand for healthy snacks over traditional snacking options. With busier lifestyles and longer work hours, consumers are gravitating towards filling and healthier options like pre-cut fruits, granola bars, and protein shakes that can be easily consumed on the go. The emergence of online sales channels has made a wide variety of snacks easily accessible to consumers and has also attracted international investors to the market.
As per the Colombia snacks market analysis, the rise in consumer health awareness and the preference for low-calorie snacks has led to a surge in demand for functional snacks in Colombia. These snacks, rich in nutrients, protein, and fibre, are sought after for their energy-boosting properties. Furthermore, the growing incidence of chronic diseases like obesity and heart disease is also fuelling the demand for healthy snack options.
Market participants are concentrating on broadening their product offerings to meet the needs of a diverse customer base. For example, in January 2022, Alpina, the third-largest dairy company in Colombia, introduced REV™ Dried Cheese Snacks nationwide. This new product was made entirely of 100% dehydrated cheese and the initial cheese flavours launched by the company were Parmesan, Dutch (Edam), and Sopó. Each variant was rich in protein, and claimed to be gluten-free and keto-friendly, with no artificial ingredients.
Market Segmentation
Colombia Snacks Market Report and Forecast 2024-2032 offers a detailed analysis of the market based on the following segments:
Market Breakup by Product Type
- Frozen and Refrigerated Snacks
- Fruit Snacks
- Bakery Snacks
- Savory Snacks
- Confectionery Snacks
- Others
Market Breakup by Distribution Channel
- Supermarkets and Hypermarkets
- Convenience Stores
- Online
- Others
Competitive Landscape
Market participants are focusing on the production of healthier snacks that possess a high nutritional value, in order to meet the demands of health-conscious consumers.
- PepsiCo, Inc.
- Kellanova
- Nestlé S.A.
- Unilever Plc
- Mondelez International, Inc.
- Productos Yupi SAS
- Comestibles Ricos Ltda.
- Manitoba Ltda.
- Grupo Nutresa 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:
|
| Breakup by Product Type |
|
| Breakup by Distribution Channel |
|
| 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 Snacks Market Overview
8.1 Key Industry Highlights
8.2 Latin America Snacks Historical Market (2018-2023)
8.3 Latin America Snacks Market Forecast (2024-2032)
9 Colombia Snacks Market Overview
9.1 Key Industry Highlights
9.2 Colombia Snacks Historical Market (2018-2023)
9.3 Colombia Snacks Market Forecast (2024-2032)
10 Colombia Snacks Market by Product Type
10.1 Frozen and Refrigerated Snacks
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Fruit Snacks
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 Bakery Snacks
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Savory Snacks
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Confectionery Snacks
10.5.1 Historical Trend (2018-2023)
10.5.2 Forecast Trend (2024-2032)
10.6 Others
11 Colombia Snacks 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 Online
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 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 PepsiCo, 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 Kellanova
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 Nestlé S.A.
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 Unilever Plc
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 Mondelez International, Inc.
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 Productos Yupi SAS
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 Comestibles Ricos Ltda.
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 Manitoba Ltda.
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 Grupo Nutresa S.A.
13.2.9.1 Company Overview
13.2.9.2 Product Portfolio
13.2.9.3 Demographic Reach and Achievements
13.2.9.4 Certifications
13.2.10 Others
14 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Latin America Snacks Market: Key Industry Highlights, 2018 and 2032
2. Colombia Snacks Market: Key Industry Highlights, 2018 and 2032
3. Colombia Snacks Historical Market: Breakup by Product Type (USD Million), 2018-2023
4. Colombia Snacks Market Forecast: Breakup by Product Type (USD Million), 2024-2032
5. Colombia Snacks Historical Market: Breakup by Distribution Channel (USD Million), 2018-2023
6. Colombia Snacks Market Forecast: Breakup by Distribution Channel (USD Million), 2024-2032
7. Colombia Snacks Market Structure
Key Questions Answered in the Report
The market is projected to grow at a CAGR of 6.60% between 2024 and 2032.
Availability of a wide range of snacks, the increasing desire for nutritious snacks, and the broadening of distribution networks are the key factors driving the market.
The rising popularity of frozen snacks and the expansion of online stores are the key trends in the market.
The major product types, according to the market report are frozen and refrigerated snacks, fruit snacks, bakery snacks, savory snacks, and confectionery snacks, among others.
The major distribution channels in the market are supermarkets and hypermarkets, convenience stores, and online, among others.
The major players in the market are PepsiCo, Inc., Kellanova, Nestlé S.A., Unilever Plc, Mondelez International, Inc., Productos Yupi SAS, Comestibles Ricos Ltda., Manitoba Ltda., and Grupo Nutresa S.A., among others.
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