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Market Focus: Trends and Developments in the Confectionery sector in Colombia

  • September 2014
  • 37 pages
  • GlobalData
Report ID: 2432302

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Summary

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

Key Findings

The Colombian Confectionery market is forecast to grow at a CAGR of 3.6% during 2013-2018, supported by the country’s strengthening economy and growing disposable income
Sugar Confectionery is the largest Confectionery category in terms of both value and volume with about half of the market share during 2013
Indulgence and Fun & Enjoyment are the top influencers for Confectionery consumption in Colombia, followed by Value for Money
Hypermarkets & Supermarkets are the largest distributors of Confectionery in Colombia, followed by Convenience Stores in Colombia
Domestic Confectionery manufacturers Nacional de Chocolates S.A and Colombina SA are the leading players in the Chocolate and Sugar Confectionery categories

Synopsis

The Colombian Confectionery market is forecast to grow at a moderate rate supported by a strengthening economy and increasing disposable income. The market is dominated by domestic brands in the two larger categories of Chocolate and Sugar Confectionery. Increased premiumization in the Colombian Confectionery market during 2013-2018 will drive demand for luxury and premium Confectionery products.

Reasons To Buy

This overview of the consumer and market dynamics of the Confectionery sector allows new entrants and established companies to gain rapid and comprehensive insight into the current state of the market, and identify the key trends that will drive growth in the coming years.

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