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Country Profile: Seasonings, Dressings & Sauces sector in Colombia

Country Profile: Seasonings, Dressings & Sauces sector in Colombia

  • May 2017
  • 141 pages
  • ID: 4938274
In this report:
Also, it is expected to grow at a CAGR of ##.##% compared to Bouillons & Stocks (##.##%), Chutneys & Relishes (##.##%),Dips (##.##%), Dressings (##.##%), Dry Cooking Sauces (##.##%), Herbs, Spices & Seasonings (##.##%),Tomato Pastes and Purées (##.##%) and Wet Cooking Sauces (##.##%), during 2016-2021.
The market is expected to reach ##.## million kg by 2021, growing at a similar CAGR of ##.##% during 2016- 2021.

Summary

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Country Profile: Seasonings, Dressings & Sauces sector in Colombia

Brief

Colombian Seasonings, Dressings & Sauces sector accounted for a volume share of ~0.4 percent of the overall market and 6.50 percent of the regional market, in 2016. The sector is valued at COL$1,096,451.3 million ($360.10M) in 2016 and is anticipated to grow at a CAGR (Compound annual growth rate) of 5.30 percent during 2016-2021.

Changing lifestyle and urge for additional taste preferences among consumers, particularly among young population in country are driving the Seasonings, Dressings & Sauces sector in Colombia. Seasonings, dressings and sauces are also gaining popularity among Colombians who look to reproduce restaurant-quality food at home. With growing demand for Seasonings, Dressings & Sauces in Colombia, the country's volume share in Latin America area is forecast to rise from 6.50 percent in 2016 to 6.60 percent by 2021. Per capita consumption stood at 1.8kg when compared to the overall and Latin America levels of 4.5kg and 3.6kg, respectively, in 2016.

Convenience Stores is the leading distribution channel in the Colombian Seasonings, Dressings & Sauces sector, accounting for a global value share of 41.90 percent in 2016.The share of all main distribution channels increased marginally from 2011 levels. The Colombian Seasonings, Dressings & Sauces sector is partly consolidated with the most important five players accounting for 44.10 percent of the market share by value in 2016. Fruco is the leading brand with 13.20 percent share by value in the same year.

Health & Wellness attributes including 'Naturally Healthy' &'Food Minus' and consumer benefits including 'Health Management' & 'Weight & Shape Management' are the most sought after Health & Wellness claims in the Colombian Seasonings, Dressings & Sauces sector. Colombia's GDP per capita grew at a compound annual growth rate (CAGR) of 5.60 percent during 2011-2016 to reach COL$17,684,995.6 in 2016. Increasing economy, rising urbanization rate and a big base of young population are driving the Seasonings, Dressings & Sauces sector in Colombia.

The market research "Country Profile: Seasonings, Dressings & Sauces sector in Colombia" offers business insights on high growth markets to target, forecasts in the usage of packaging materials, types and closures category level distribution data and brands market shares.

Strategic analysis report:

- Market data: Overall market value and volume data with growth analysis for 2011-2021.

- Category coverage: Value and growth analysis for Bouillons & Stocks, Chutneys & Relishes, Condiment Sauces, Dips, Dressings, Dry Cooking Sauces, Herbs, Spices & Seasonings, Tomato Pastes and Purées, and, Wet Cooking Sauces with inputs on individual category share within each market and the change in their market share forecast for 2016-2021.

- Key players: Market share of brands and private labels, containing private label growth analysis from 2011-2016.

- Distribution data: Percentage of sales within each market through distribution channels including Cash & Carries and warehouse Clubs, Hypermarkets & Supermarkets, Convenience Stores, Food & Drinks Specialists, eRetailers and others.

- Packaging data: Consumption breakdown for packaging materials and containers in each market, in terms of percentage share of number of units sold. Packaging material data for Glass, Flexible Packaging, Paper & Board, Rigid Plastics, and others; container data for: Jar, Bottle, Bag/Sachet, Tub, Box, Pouch, and Tube.

Firms mentioned in this industry report: Todos los Derechos Reservados,Unilever Plc,Quala S.A.,Nestle S.A.,Quala S.A.,Al Fresco,Comapan Sa,H. J. Heinz Company,La Estrella,The Kraft Heinz Company,Victoria chutney,Al Fresco,Conagra Foods, Incorporated,La Constancia,Levapan Sa,Mccormick & Company, Incorporated,Safeway Inc,Salsa Aderezos,Conagra Foods, Incorporated,BKK Australia Pty Ltd,Badia Spices Inc.,El Rey,McIlhenny Company,American Roland Food Corp,Condimentos Monserrate.

Overview

- The Colombia Seasonings, Dressings & Sauces sector grew at a CAGR (Compound annual growth rate) of 5.80 percent during 2011-2016 and is forecast to register increase at a compound annual growth rate (CAGR) of 5.30 percent during 2016-2021.

- Condiment Sauces is the biggest market in both value and volume terms

- Condiment Sauces is the most lucrative market with high market share, and high increase rate

- Knorr is the leading brand in the Colombian Bouillons & Stocks market

- The Colombian Seasonings, Dressings & Sauces sector is partly consolidated with the best five players accounting for nearly 44.10 percent of the market share by value in 2016.

Great reasons to purchase

- Identify high plausible categories and explore farther market opportunities established on exhaustive value and volume analysis

- Existing and new competitors can analyze top distribution channels to identify and evaluate forecasts and alternatives

- Gain an understanding of the global ambitious landscape established on in-depth brand share analysis to plan effective market positioning

- Manufacturers can identify the opportunities to position products with H&W attributes/benefits

- Access the key and most influential consumer trends driving Seasonings, Dressings & Sauces products consumption, and how they influence consumer behavior in the industry which will help determine the best audiences to target

- Our team of analysts have placed a meaningful emphasis on changes expected in the sector that will provide a clear picture of the opportunities that can be tapped over the next five years, resulting in revenue expansion

- The packaging analysis report benefits manufacturers, in identifying the most commonly used packaging materials in the sector

- Analysis on main macro-economic indicators including GDP per capita, population (global and breakdown by age), and consumer price index. It also covers a comparable analysis of political, economic, socio-demographic, and technological indicators across 50 countries.

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