Colombia Baby Food Market Size by Categories, Distribution Channel, Market Share and Forecast, 2022-2027

Colombia Baby Food Market Size by Categories, Distribution Channel, Market Share and Forecast, 2022-2027

Summary

“Colombia Baby Food Market Size by Categories, Distribution Channel, Market Share and Forecast, 2022-2027” is an analytical report by GlobalData which provides extensive and highly detailed current and future market trends in the Indian market.

The number of live births in Colombia declined by 7.5% during 2015-21, reaching 0.6 million in 2021. This resulted in a baby population of 1.9 million in 2021. However, both the crude birth rate and total fertility rates, have fallen. The GDP of Colombia grew by 8.6% in 2021 primarily owing to the successful COVID-19 vaccination campaigns, while consumer price inflation stood at 3.5%. Overall growth in value terms has increased in recent years with the sector registering a CAGR of 3.6% during 2015-21. However, in volume terms, sales declined in 2021, with the sector registering a negative CAGR of 1.6%. Baby milks remained by far the largest category in value terms with over 50% of the baby food sector, followed by baby wet meals & other. Nestlé and Abbott Laboratories were the top two companies in 2021. Nestlé retained the top spot in value during 2015-21 and remained the leader in all the categories. Drugstores & pharmacies remained the leading distribution channel, accounting for over 40% of overall value sales in 2021. GlobalData estimates that the number of live births will decrease over the forecast period in Colombia. Consequently, the market for baby food in the country is expected to decline in volume terms during 2021-27, registering negative CAGRs of 2.1%.

What else does this report offer?

• Consumption data based upon a unique combination of industry research, fieldwork, market sizing work and our in-house expertise to offer extensive data about the trends and dynamics affecting the industry.
• Detailed profile of the companies operating and new companies considering entry in the industry along with their key focus product sectors.
• Market profile of the various product sectors with the key features & developments, segmentation, per capita trends and the various manufacturers & brands.
• Overview of baby food retailing with a mention of the major retailers in the country along with the distribution channel.
• Future projections considering various trends which are likely to affect the industry.

• Value sales of the baby milks category rose from COP472 billion ($172.2 million) in 2015 to COP561.3 billion ($149.9 million) in 2021, registering a CAGR of 2.9% during 2015-21.
• Volume sales of the baby cereals & dry meals category fell from 5.14 million kg in 2015 to 4.84 million kg in 2021, at a negative CAGR of 1% during 2015-21.
• Value sales of the baby wet meals & other category increased from COP196.2 billion ($71.5 million) in 2015 to COP242.8 billion ($64.9 million) in 2021, registering a CAGR of 3.6% during 2015-21.

• Evaluate important changes in consumer behavior and identify profitable markets and areas for product innovation.
• Analyse current and forecast behavior trends in each category to identify the best opportunities to exploit.
• Detailed understanding of consumption by individual product categories in order to align your sales and marketing efforts with the latest trends in the market.
• Investigates which categories are performing the best and how this is changing market dynamics.