Colombia

Colombia’s economy is heavily based on production and export of vegetable and mineral commodities. As the country is prone to various natural hazards, the risk is evident not only to the agricultural sector but also to energy production. Currently, ...

The development of Colombia’s digital landscape represents a strategic and tactical attempt on the part of numerous private and public stakeholders to improve productivity and support the ongoing development of the country’s economy. Among both ...

Towards the end of the review period, intense growth was registered in the numbers of Colombian people engaging with the digital landscape. With two-thirds of Colombians now regular internet users and with just under half of the country’s overall ...

At the end of the review period, digital commerce in Colombia remained somewhat underdeveloped. However, there remains huge growth potential as well as considerable room for improvement and this has attracted the attention of numerous private ...

Demand for other pet food is decreasing in Colombia, a trend that is expected to continue over the forecast period. One of the main reasons is the falling ownership levels of small mammals like hamsters, birds, fish or reptiles. By law, ownership of ...

The economic performance continues to contribute to shaping the performance of the pet care market, with 2019 and 2020 both showing steady GDP growth of around 3%, which is seeing some pet owners trading up. In addition, the cat and dog populations ...

Cat litter is seeing rapid growth as cat ownership rises, not only through purchases of new cats but also through the adoption of homeless cats. As the number of single-person households increases, and couples are postponing having children, or ...

The rapid growth in the cat population seen during the review period is expected to accelerate over the forecast period, which will continue to have a positive impact on demand for cat food. The increasing adoption of homeless cats is contributing to...

Retail sales of dog food in Colombia have been struggling to grow in volume terms in 2019 and 2020, but are more dynamic in current value terms. Although the dog population continues growing in Colombia, driven in part by increasing calls to adopt ...

Despite some instabilities, such as the presidential election of 2018 and continued violence in rural areas, Colombian households are facing positive headwinds. Ongoing urbanisation is growing cities and expanding household consumption, while the ...

Self-service cafeterias remained the smallest consumer foodservice channel in 2019, and also saw the slowest current value growth, despite seeing a strong increase in outlet numbers. However, from 2020, self-service cafeterias is expected to ...

Travel was the strongest growth location in current value terms in 2019. The government’s master plan to upgrade and remodel all the major airports in Colombia benefited consumer foodservice in travel locations. The expansion of the most important ...

Full-service restaurants continued to see current value growth in 2019, with the rate of growth surpassing that seen in the previous two years. Growth also continued in transaction volumes and outlet numbers. Growth was stimulated by more demanding ...

Brands from different channels are opting to set up food trucks to complement their operations and to be present at events as a promotional strategy, or when they expect good traffic and sales. Brands from various types of consumer foodservice ...

Cafés/bars saw even stronger current value growth than in the previous two years in 2019, with outlet growth driving this increase. However, the rising average spend per transaction also contributed to growth. In previous years, cafés/bars were ...

Consumer foodservice saw more dynamic current value growth in Colombia in 2019, despite ongoing uncertainty and low optimism amongst local consumers due to only slow but stable economic growth. Aiming to reduce the economic impacts suffered during ...

Limited-service restaurants saw strong current value growth in 2019, with the fastest increase seen for four years. Towards the end of the review period, players in limited-service restaurants began to extend the times of the day serviced, to ...

Latin America has great potential for investment, yet still faces severe issues with government instability, widespread corruption and terrorism. The region also has high tax rates deterring potential investment, however, continues improving systems ...

After many years of growth from a low base, convenience stores turned to current value decline in 2019, despite a continued slow rise in the number of outlets. Stagnation appears to be setting in for players in the channel. The initial dynamism ...

Supermarkets continued to witness current value growth in 2019, despite only seeing marginal growth in outlet numbers. Amidst the strong offer in modern grocery retailing, players in supermarkets realised that they could not just offer the same ...