Market Insights Consumer Food Dairy Products & Eggs

Other Dairy Products & Eggs - Colombia

Colombia

Revenue in the Other Dairy Products & Eggs market amounts to €0.73bn in 2024. The market is expected to grow annually by 6.50% (CAGR 2024-2029).
In global comparison, most revenue is generated in India (€45bn in 2024).
In relation to total population figures, per person revenues of €13.97 are generated in 2024.
In the Other Dairy Products & Eggs market, volume is expected to amount to 217.30m kg by 2029. The Other Dairy Products & Eggs market is expected to show a volume growth of 3.8% in 2025.
The average volume per person in the Other Dairy Products & Eggs market is expected to amount to 3.5kg in 2024.

Key regions: Japan, Philippines, United Kingdom, India, South Korea

Mercado

Región

Comparación de regiones

Moneda

Analyst Opinion

In Colombia, the Other Dairy Products & Eggs Market within The Food market is experiencing minimal growth due to various factors such as low adoption of digital technologies, limited health awareness among consumers, and the lack of convenience offered by online health services. These factors have impacted the market's growth rate, resulting in slow progress.

Customer preferences: The demand for plant-based dairy alternatives has been on the rise in Colombia, as consumers become more health-conscious and environmentally aware. This trend is driven by cultural preferences for fresh and natural products, as well as a growing vegan population. Additionally, with the rise of lactose intolerance and allergies, there is a growing demand for dairy-free options in the market. These factors are leading to a shift towards non-dairy alternatives such as soy, almond, and coconut milk, and vegan cheese and yogurt.

Trends in the market: In Colombia, the Other Dairy Products & Eggs Market within the Dairy Products & Eggs Market is experiencing a shift towards organic and sustainable options. This trend is being driven by consumer demand for healthier and environmentally friendly products. Additionally, there is a growing focus on product innovation and diversification, with companies introducing new flavors and packaging formats to cater to changing consumer preferences. These trends have significant implications for industry stakeholders, as they must adapt to consumer demands and invest in sustainable practices to remain competitive in the market. There is also potential for partnership opportunities between dairy companies and health and fitness apps to promote their products to a wider audience.

Local special circumstances: In Colombia, the Other Dairy Products & Eggs Market is heavily influenced by the country's diverse geography and cultural preferences. The demand for traditional dairy products like queso fresco and arepas is higher in rural areas, while urban areas have a growing market for imported and specialty dairy products. Government regulations also play a role in the market, with strict standards for dairy production and labeling. These unique factors contribute to the market's dynamics and create opportunities for both local and international dairy producers.

Underlying macroeconomic factors: The Other Dairy Products & Eggs Market in Colombia is largely influenced by macroeconomic factors such as changes in consumer preferences, government regulations, and economic stability. The country's growing middle class and rising disposable income levels have led to an increasing demand for premium dairy products, including other dairy products and eggs. Additionally, the government's investment in the agricultural sector and promotion of healthy eating habits have further boosted market growth. However, fluctuations in global dairy prices and trade policies can impact market performance in Colombia. Furthermore, the country's efforts to improve food safety and quality standards can also impact the production and distribution of dairy products and eggs. Overall, the market is expected to continue growing, driven by the country's economic stability, changing consumer preferences, and government initiatives.

Methodology

Data coverage:

The data encompasses B2C enterprises. Figures are based on the total consumer spending on food, which comprises all private household spending on food that is meant for at-home consumption (out-of-home consumption is not accounted for).

Modeling approach:

Market sizes are determined through a top-down approach, building on specific predefined factors for each market segment. As a basis for evaluating markets, we use resources from the Statista platform as well as in-house market research, national statistical offices, international institutions, trade associations, companies, the trade press, and the experience of our analysts. In addition, we use relevant key market indicators and data from country-specific associations, such as GDP, consumer spending, and consumer price index. This data helps us estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the relevant market. For example, the exponential trend smoothing is well suited for forecasting the Food market with a projected steady growth. The main drivers are GDP per capita and consumer spending per capita.

Additional notes:

The data is modeled using current exchange rates. The impact of the COVID-19 pandemic and the Russia-Ukraine war are considered at a country-specific level. The market is updated twice a year.