Colombia Foodservice Market Size and Trends by Profit and Cost Sector Channels, Players and Forecast to 2027
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Colombia Foodservice Market Report Overview
The Colombia profit sector recorded sales of COP47.2 trillion ($11.9 billion) in 2022 and is forecast to record a CAGR of over 11% during 2022-2027. Robust tourism will boost the growth prospects of the foodservice profit sector during the forecast period.
Colombia Foodservice Profit Sector Outlook 2022-2027, (COP Trillion)
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The Colombia foodservice market research report provides an in-depth evaluation of the food service market in the country, including an analysis of the key issues impacting the market, and the opportunities this presents for the sector participants. The report includes data and forecast of key channels (QSR, FSR, coffee & tea shop, and pub, club & bar) within the Colombia foodservice market and gives an overview of market leaders within the four major channels.
Market Size (2022) | COP47.2 trillion ($11.9 billion) |
CAGR (2022-2027) | >11% |
Historical Period | 2017-2022 |
Forecast Period | 2023-2027 |
Key Profit Sector Channels | · Pub, Club & Bar
· QSR · FSR · Retail · Accommodation · Leisure |
Key Outlet Type | · Dine-in
· Takeout |
Key Owner Type | · Independent Operators
· Chain Operators |
Key Cost Sector Channels | · Military & Civil Defense
· Healthcare · Education · Welfare & Services · Complimentary Services |
Key Companies | · Yum! Brands
· Crepes & Waffels · Lao Kao · Archies Colombia · Frisby · Doctor’s Associates |
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Colombia Foodservice Market Trends
- Revival of the market: After the removal of COVID-19 restrictions, dine-in occasions and social gatherings increased significantly in 2022.
- Rise in the use of technology: Digital natives will contribute a larger share of transactions in the future, and growth in the use of technology in ordering and deliveries is inevitable. For instance, Colombian consumers are increasingly using mobile apps to order food and drinks.
- Value for money: Consumers remain highly price-conscious and thus seek value-for-money offerings as they are struggling with rising prices.
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Colombia Foodservice Market Segmentation by Profit Sector Channels
The pub, club & bar was the largest profit sector channel in 2022.
The key profit sector channels in the Colombia foodservice market are FSR, QSR, accommodation, leisure, pub, club & bar, and retail. The pub, club & bar was the largest profit sector channel accounting for more than 47% of the sales volume in 2022. The resumption of social gatherings and mass-spectator events will support the channel’s growth during the forecast period. The channel is majorly reliant on alcohol sales, with the alcoholic drinks industry accounting for the majority and beer emerging as the leading category in the channel during 2022.
Colombia Foodservice Market Analysis by Profit Sector Channels, 2022 (%)
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Colombia Foodservice Market Segmentation by Cost Sector Channels
The key cost sector channels in the Colombia foodservice market are military & civil defense, healthcare, education, welfare & services, and complimentary services. Education was the largest cost sector in 2022. Foodservice sales covered under education include the following sub-channels: children’s activity centers, further education, middle school, preschool, primary school, secondary school, tertiary education, and training centers.
Colombia Foodservice Market Analysis by Cost Sector Channels, 2022 (%)
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Colombia Foodservice Market – Competitive Landscape
Yum! Brands was the largest QSR operator in the country.
Some of the key foodservice companies in Colombia are:
- Yum! Brands
- Lao Kao
- Archies Colombia
- Frisby
- Doctor’s Associates
Colombia Foodservice Market Analysis by Competitors
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Colombia Foodservice Market – Latest Developments
- In November 2021, McDonald’s opened a three-story flagship store; the outlet contains a scenic outdoor terrace, a McCafé coffee bar, a children’s play area, and a drive-thru. The building also has 25 eco-conscious design features.
- In February 2022, the president of Subway for Latin America and the Caribbean claimed that the chain had sold eight million sandwiches in Colombia in 2021. In 2022, the Doctor’s Associates’ brand ran a campaign called “Nothing better than a Footlong”. The chain wanted to position its globally recognizable 30cm sandwich as the flagship offering in Colombia.
Segments Covered in the Report
Colombia Foodservice Market Outlook by Profit Sector Channel (Value COP Trillion, 2017-2027)
- Full-service Restaurants (FSR)
- Quick-service Restaurants (QSR)
- Pub, Club & Bar
- Retail
- Accommodation
Colombia Foodservice Market Outlook by Cost Sector Channels (Value, COP Trillion, 2017-2027)
- Military & Civil Defense
- Healthcare
- Education
- Welfare & Services
- Complimentary Services
Scope
The report includes –
- Overview of Colombia’s macro-economic landscape: Detailed analysis of current macro-economic factors and their impact on the Colombian foodservice market including GDP per capita, consumer price index, population growth, and annual household income distribution.
- Growth dynamics: In-depth data and forecasts of key channels (QSR, FSR, coffee & tea shop, and pub, club & bar) within the Colombian foodservice market, including the value of the market, number of transactions, number of outlets and average transaction price.
- Customer segmentation: Identify the most important demographic groups, buying habits, and motivations that drive out-of-home meal occasions among segments of the Colombian population.
- Key players: Overview of market leaders within the four major channels including business descriptions and number of outlets.
Reasons to Buy
- Specific forecasts of the foodservice market over the next five years will give readers the ability to make informed business decisions through identifying emerging/declining markets.
- Consumer segmentation detailing the desires of known consumers among all major foodservice channels (QSR, FSR, coffee & tea shop, and pub, club & bar) will allow readers to understand the wants and needs of their target demographics.
Grupo Nutresa
McDonald's
Frisby
Doctor’s Associates
Crepes & Waffles
Lao Kao
Archies Colombia
La Receta and CIA
Table of Contents
Frequently asked questions
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What was the Colombia profit sector market size in 2022?
The Colombia profit sector market size was COP47.2 trillion ($11.9 billion) in 2022.
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What is the Colombia profit sector growth rate?
The Colombia profit sector will grow at a CAGR of over 11% during 2022-2027.
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Which was the leading profit sector channel in the Colombia foodservice market in 2022?
Pub, club & bar was the leading profit sector channel in the Colombian foodservice market in 2022.
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What cost sector channel had the highest share in the Colombia foodservice market in 2022?
The education sector had the highest share in the Colombian foodservice market in 2022.
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