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Market Focus: Trends and Developments in the Dairy Food Sector in Colombia

  • May 2014
  • -
  • GlobalData
  • -
  • 41 pages

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Summary
This report brings together consumer insight and market data to provide a comprehensive brief of the Colombian Dairy Food sector. This allows for the rapid identification of key growth opportunities across major Dairy Food categories and their packaging.

Key Findings
- The Colombian packaged Dairy Food market is dominated by a few top local players such as Alpina, Colanta, Algarra, Colacteos, and Alqueria.
- Colombia has a large young population and Dairy Food companies are launching products that cater to this segment, such as flavored Yogurt drinks and Dairi Food products containing toys.
- Consumers are looking for health benefits from the consumption of Dairy Food products due to increasing awareness of health benefits associated with Milk and Milk Products.
- Bags and Sachets in Flexible Packaging material were the most used pack type in 2013 and, compared to 2008-2013, the use of Rigid Plastics is expected to grow during 2013-2018.

Synopsis
Economic growth and low penetration in packaged Dairy Food provides significant growth opportunities to companies in Colombia. Yogurt and Cheese are forecast to grow at a higher rate due to increasing demand for premium varieties and the introduction of new flavors in both categories. Increasing health awareness in the large young population base will further influence growth of the sector.

Reasons To Buy
This report brings together consumer insight and market data to provide a comprehensive brief of the Colombian Dairy Food sector. This allows for the rapid identification of key growth opportunities across major Dairy food categories and their packaging.

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ref:plp2014

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