Colombia Cheese Market Overview, 2027

Colombia Cheese Market Overview, 2027

People's purchasing habits for dairy products have changed, and as a result, demand for value-added dairy products such as cheese, butter, and other items has increased. The Colombia Cheese Market is expected to be driven by rising demand for dairy products among young people who want to live an active and healthy lifestyle. With an increasing number of lifestyle disorders, the younger generation wants dairy products on a daily basis because they are free of adulterants and additives and have a high nutritional value. Rising consumer health consciousness, as well as increased understanding of the nutritional benefits of dairy products, is primarily driving market expansion in Colombia. Furthermore, the Colombian government is launching a number of novel initiatives, such as genetic programmes, nutritional approaches to improve milk quality, intensive pasture management through rotational grazing and forage seeding, enhancement of reproduction programmes, and so on, which are further catalyzing the regional dairy market.

According to the report, Colombia Cheese Market Overview, 2027, published by Bonafide Research, the market is anticipated to add USD 0.18 Billion by 2027. Cheese sales are predicted to expand as consumers' spending power increases in developed economies. Furthermore, changing eating choices and an increasing number of working women are likely to fuel the Cheese market's expansion potential. Furthermore, rising consumption of pizza and other European-style fast foods appears to be one of the primary trends, particularly among young people, for expanding cheese sales potential. The Colombia cheese industry is driven by the growing demand for varied product flavors in local cuisines. Aside from that, increased regional consumption of authentic regional cheese is supporting market expansion. Furthermore, the increasing premiumization of cheese by a number of regional brands is driving market growth.

The population of Colombia was 51.265 Million. There are 25.17 million males and 26.09 million females in Colombia. The percentage of female population is 50.90% compare to 49.10% male population. Colombia has 0.92 million more females than males. The GDP of Colombia was USD 314.32 Billion in 2021. Increasing Population is one of the driving factors for growth of cheese market in Colombia.

Campesino cheese is one of the most popular cheeses in Colombia. It is a white cheese, fresh and compact. The double crema cheese is another cheese widely consumed in Colombia. Costeo cheese is a typical cheese from the Colombian coast, but it is eaten all over the country. Paipa is the only semi-aged cheese in the country. Paipa is pale yellow, slightly bright, and has a great flavor. It is also slightly acidic with a salty finish and a strong aroma. Pera and cheesy Bogota are also the most popular cheeses in Colombia.

Supermarkets and hypermarkets dominate the Colombia Cheese Market due to the convenience of having all products in one area and many selections at the same time. The major supermarket chains such as Éxito, Olímpica, and Alkosto.while Grupo Éxito alone accounted for over eighty percent of the total. Even with traditional supermarkets acting as the main players of the Colombian retail sector, other formats such as discounters are gaining ground, along with a large quantity of convenience stores that have traditionally shaped the Colombian retail landscape. In recent years, there has been a tremendous increase in internet usage and the use of e-commerce websites to acquire culinary items that include cheese. Carrefour, Walmart, Amazon, and other well-known vertical specialists are attracted to the market.

The key brands in the Colombia cheese market are Colanta, Alpina, Colacteos, Colquesos, Del Vecchio, Lacteos Primavera, La Flor del Caqueta, Pasco, Centurion, and Borden.

By source, the Animal Segment accounted for the highest revenue. This attributed to the presence of protein and fat in the milk which gives flavour and texture to the cheese. Furthermore, before the cheese making process starts, the cow's milk is pasteurized by heating the milk to a precise temperature and then rapidly cooling it. Heating milk kills the harmful bacteria present in the milk. And the plant segment market share is only around 2 %.

The greater fat content of cheese is anticipated to be one of the notable elements among other restrictions that are limiting growth potential in the global cheese industry. Because of the negative health impacts of the higher fat content, cheese consumption is limited among the obese population.

Covid-19 Impact:
During the COVID-19 pandemic outbreak, the business was severely disrupted due to changing demand. The worldwide lockdowns prompted the foodservice industry to close, cutting demand for all processed food goods dramatically. Furthermore, costs are likely to reduce as high-quality products become less desirable. In contrast, increased adoption of low-cost varieties at wholesale prices from retail shops for home cooking is expected to balance the supply chain. Following the pandemic, the Cheese market is likely to benefit from the re-establishment of the foodservice sector and renewed cheese processing capacity.

Considered in this report
• Geography: Colombia
• Historic year: 2016
• Base year: 2021
• Estimated year: 2022
• Forecast year: 2027

Aspects covered in this report
• Colombia Cheese market with its value and forecast along with its segments
• Various drivers and challenges
• On-going trends and developments
• Top profiled companies
• Strategic recommendation

By Product
• Mozzarella
• Cheddar
• Feta
• Parmesan
• Roquefort
• Others

By Source
• Animals
• Plants

By Type
• Natural
• Processed

By Distribution Channel
• Supermarkets/Hypermarkets
• Convenience Stores
• Specialty Stores
• Online retail
• Others

The approach of the report:
This report consists of a combined approach of primary as well as secondary research. Initially, secondary research was used to get an understanding of the market and listing out the companies that are present in the market. The secondary research consists of third party sources such as press releases, annual report of companies, analyzing the government generated reports and databases. After gathering the data from secondary sources primary research was conducted by making telephonic interviews with the leading players about how the market is functioning and then conducted trade calls with dealers and distributors of the market. Post this we have started doing primary calls to consumers by equally segmenting consumers in regional aspects, tier aspects, age group, and gender. Once we have primary data with us we have started verifying the details obtained from secondary sources.

Intended audience
This report can be useful to industry consultants, manufacturers, suppliers, associations & organizations related to Cheese industry, government bodies and other stakeholders to align their market-centric strategies. In addition to marketing & presentations, it will also increase competitive knowledge about the industry.