Food - Colombia

  • Colombia
  • Revenue in the Food market amounts to €45.54bn in 2025. The market is expected to grow annually by 5.66% (CAGR 2025-2029).
  • The market's largest segment is the segment Meat with a market volume of €10.31bn in 2025.
  • In global comparison, most revenue is generated in China (€1,582bn in 2025).
  • In relation to total population figures, per person revenues of €852.30 are generated in 2025.
  • In the Food market, 1.3% of total revenue will be generated through online sales by 2025.
  • In the Food market, volume is expected to amount to 17.25bn kg by 2029. The Food market is expected to show a volume growth of 3.6% in 2026.
  • The average volume per person in the Food market is expected to amount to 292.00kg in 2025.

Key regions: United States, Canada, China, India, South Korea

Marché
Région
Comparaison de régions
Monnaie

Revenue

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Notes: Data was converted from local currencies using average exchange rates of the respective year.

Most recent update: Dec 2024

Source: Statista Market Insights

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Most recent update: Dec 2024

Source: Statista Market Insights

Consumer

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This report presents a comprehensive analysis and additional information on the Food market, in a PDF format.
Food: market data & analysis - Background Food: market data & analysis - Cover

Volume

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Most recent update: Dec 2024

Source: Statista Market Insights

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Most recent update: Dec 2024

Source: Statista Market Insights

Price

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Most recent update: Dec 2024

Source: Statista Market Insights

Sales Channels

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Most recent update: Nov 2024

Source: Statista Market Insights

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Most recent update: Jul 2024

Source: Statista Market Insights

Product Types

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Most recent update: Jun 2024

Sources: Statista Market Insights , Statista Consumer Insights Global

Global Comparison

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Most recent update: Dec 2024

Source: Statista Market Insights

Analyst Opinion

The Food market in Colombia has been experiencing slow growth, influenced by factors such as a lack of consumer awareness and limited access to digital technology in certain regions. Additionally, the country's reliance on traditional farming methods and limited infrastructure for food production and distribution have also hindered the market's growth. However, there is potential for growth in sub-markets such as Dairy Products & Eggs and Fruits & Nuts, as the country's growing middle class and increasing health consciousness drive demand for these products. The government's efforts to improve infrastructure and promote modern farming techniques could also contribute to the market's growth in the future.

Customer preferences:
As Colombia's economy continues to grow, consumer preferences in The Food market have shifted towards healthier and more sustainable options. This trend is driven by a growing awareness of the impact of food choices on personal and environmental well-being. Additionally, there has been a rise in demand for locally sourced and organic products, reflecting a deeper connection to traditional cultural values and a desire for a more authentic food experience. This has also led to an increase in demand for plant-based and vegetarian options in the market.

Trends in the market:
In Colombia, The Food market industry is experiencing a rise in demand for locally-sourced, organic and sustainable food products. This trend is being driven by increasing consumer awareness about the importance of supporting local farmers and reducing their carbon footprint. As a result, more food companies are incorporating these values into their business models, and the government is implementing policies to promote and regulate the production and distribution of these products. This trend has significant implications for both industry stakeholders and consumers, as it creates opportunities for innovation, supports the local economy, and promotes healthier and more environmentally-friendly food choices.

Local special circumstances:
In Colombia, The Food market is heavily influenced by the country's rich and diverse agricultural production, as well as its unique cultural heritage. The demand for fresh and locally-sourced ingredients is high, leading to the proliferation of farmers markets and street food stalls. Additionally, government regulations on food safety and labeling play a significant role in shaping consumer behavior and market competition. This, coupled with the country's diverse terrain and climate, creates a dynamic and competitive environment for The Food market industry.

Underlying macroeconomic factors:
The Food market in Colombia is heavily influenced by macroeconomic factors such as national economic health, global economic trends, fiscal policies, and other financial indicators. The country's stable economic growth and increasing consumer spending power have contributed to the growth of The Food market. Additionally, favorable government policies and investments in the agricultural sector have helped to boost production and supply. However, challenges such as inflation, currency fluctuations, and trade agreements with other countries can also impact the performance of The Food market in Colombia.

Methodology

Data coverage:

The data encompasses B2C enterprises. Figures are based on the total consumer spending on food, which comprises all private household spending on food that is meant for at-home consumption (out-of-home consumption is not accounted for).

Modeling approach:

Market sizes are determined through a top-down approach, building on specific predefined factors for each market segment. As a basis for evaluating markets, we use resources from the Statista platform as well as in-house market research, national statistical offices, international institutions, trade associations, companies, the trade press, and the experience of our analysts. In addition, we use relevant key market indicators and data from country-specific associations, such as GDP, consumer spending, and consumer price index. This data helps us estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the relevant market. For example, the exponential trend smoothing is well suited for forecasting the Food market with a projected steady growth. The main drivers are GDP per capita and consumer spending per capita.

Additional notes:

The data is modeled using current exchange rates. The impact of the COVID-19 pandemic and the Russia-Ukraine war are considered at a country-specific level. The market is updated twice a year.

Key Market Indicators

The following Key Market Indicators give an overview of the social and economic outlook of the selected region and provide additional insights into relevant market-specific developments. These indicators, together with data from statistical offices, trade associations and companies serve as the foundation for the Statista market models.

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