Solid Fats (Oils and Fats) Market in Colombia – Outlook to 2025; Market Size, Growth and Forecast Analytics
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The solid fats market in Colombia was valued at COP340,396.16 million in 2020. The market is projected to grow at a CAGR of more than 5% during the forecast period. Ghee is expected to be the fastest growing segment of the solid fats market in the forecast period while compound cooking fats (CCF) is the weakest performing segment. In 2020, the largest segment of the solid fats market in volume terms was ghee with lard in the second position.
The Colombia solid fats market research handbook provides up-to-date market size data for period 2015-2020 and illustrative forecast to 2025 premised on COVID-19 hit, covering key market aspects like sales value and volume for solid fats and its variants compound cooking fats (CCF), ghee, lard, other solid fats & shortening. Furthermore, the research handbook details overall market sales by distribution channel (dollar stores, variety store & general merchandise retailers, cash & carries and warehouse clubs, convenience stores & gas stations, department stores, drug stores & pharmacies, chemists/pharmacies, parapharmacies/drugstores, eRetailers, food & drinks specialists, health & beauty stores, hypermarkets & supermarkets, direct sellers, others, on trade, vending machines, other specialist retailers, tobacco specialists) where ever applicable.
Colombia solid fats market overview
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What are the key segments in the Colombia solid fats market?
The key segments in the solid fats market of Colombia are lard, compound cooking fats (CCF), ghee, other solid fats, and shortening. In 2020, lard was the largest segment in the market in terms of value and ghee was the largest segment by volume. It was also the fastest-growing segment during the review period. Shortening had the least share in the market by value and volume.
Colombia solid fats market, by segment
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What are the key distribution channels in the Colombia solid fats market?
The key distribution channels in the solid fats market of Colombia are convenience stores, hypermarkets and supermarkets, food and drinks specialists, cash and carries and warehouse clubs, and others. Convenience stores dominated the market and cash and carries and warehouse clubs accounted for the smallest part of the market.
Colombia solid fats market, by distribution channel
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Market report scope
Market size (2020) | COP340,396.16 million |
Growth rate | CAGR of >5% |
Forecast period | 2020-2025 |
Segmentation by type | Lard, Compound Cooking Fats (CCF), Ghee, Other Solid Fats, and Shortening |
Segmentation by distribution channel | Convenience Stores, Hypermarkets and Supermarkets, Food and Drinks Specialists, and Cash and Carries and Warehouse Clubs |
This report provides:
- Overall solid fats (oils and fats) market value and volume analytics with growth analysis from 2015 to 2025.
- Distribution channel sales analytics from 2017-2020.
Reasons to Buy
- Get access to authoritative and granular data on the solid fats (oils and fats) market and fill in the gaps in understanding trends and the components of change behind them.
- Enhance your understanding of the market to update your strategic and tactical plans based on volume and value changes, brand dynamics, and distribution trends.
- Analyze the components of change in the market by looking at historic and future growth patterns.
- Use the data to understand future patterns of the market trends from winners and losers to category dynamics and thereby quickly and easily identify the key areas in which you want to compete in the future.
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Frequently asked questions
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What was the Colombia solid fats market size in 2020?
The solid fats market size in Colombia was valued at COP340,396.16 million in 2020.
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What is the growth rate of the Colombia solid fats market?
The solid fats market in Colombia is projected to grow at a CAGR of more than 5% during the period 2020-2025.
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What are the key segments in the Colombian solid fats market?
The key segments in the solid fats market in Colombia are lard, compound cooking fats (CCF), ghee, other solid fats, and shortening.
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What are the key distribution channels in the Colombian solid fats market?
The key distribution channels used in the solid fats market in Colombia are convenience stores, hypermarkets and supermarkets, food and drinks specialists, and cash and carries and warehouse clubs.
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