Consumer foodservice in 2024: The big picture
Consumer foodservice in Colombia navigated significant challenges in 2024. The industry faced rising taxes, increased prices of key ingredients, and economic uncertainty driven by higher bank interest rates.
2024 key trends
In 2024, restaurants and bars in Colombia faced significant challenges that severely impacted their profitability, even when their business performance appeared strong. Key expenses, such as rising raw material costs that began with shortages in 2022, placed considerable strain on many establishments.
Competitive landscape
The competitive landscape remained highly fragmented in 2024, with limited-service restaurant chains continuing to dominate in terms of value share. Local players maintained a strong presence, holding the top three positions.
Independent foodservice developments
Independent foodservice establishments accounted for the majority of value sales and a significantly higher number of outlets in 2024. However, the competitive landscape is increasingly consolidating, with chained operators gaining ground, particularly through channels like limited-service restaurants.
What next for consumer foodservice?
Across the forecast period, a proposed labour reform under Senate consideration could significantly impact the consumer foodservice sector. Aiming to improve worker conditions, the reform includes changes to fixed-term contracts, employment and service provisions, night surcharges, and the establishment of rights for delivery app workers.
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Overview:
Understand the latest market trends and future growth opportunities for the Consumer Foodservice industry in Colombia with research from Euromonitor International's team of in-country analysts – experts by industry and geographic specialisation.
Key trends are clearly and succinctly summarised alongside the most current research data available. Understand and assess competitive threats and plan corporate strategy with our qualitative analysis, insight and confident growth projections.
Data and analysis in this report provides further detailed coverage dedicated to the following key categories, where applicable:
- Cafés/Bars
- Full-Service Restaurants
- Limited-Service Restaurants
- Self-Service Cafeterias
- Street Stalls/Kiosks
- Consumer Foodservice by Location
If you're in the Consumer Foodservice industry in Colombia, our research will help you to make informed, intelligent decisions; to recognise and profit from opportunity, or to offer resilience amidst market uncertainty.
The Consumer Foodservice in Colombia report includes:
- Analysis of key supply-side and demand trends
- Detailed segmentation of international and local products
- Historic volume and value sizes, company and brand market shares
- Five year forecasts of market trends and market growth
- Robust and transparent research methodology, conducted in-country
This report answers:
- What is the market size of Consumer Foodservice in Colombia?
- Which are the leading brands in Consumer Foodservice in Colombia?
- How are multinational and local operators competing and expanding in Colombia?
- How are consumer lifestyle trends and eating habits shaping Consumer Foodservice in Colombia?
- How is the Consumer Foodservice industry adapting to a post-COVID-19 market environment? Where are the opportunities amidst the challenges?
- How significant are health considerations in shaping the future of Consumer Foodservice in Colombia? Which of these trends hold the greatest potential demand?
- Where is future growth expected to be most dynamic?
Consumer Foodservice in Colombia
Consumer foodservice in 2024: The big picture
2024 key trends
Competitive landscape
Independent foodservice developments
What next for consumer foodservice?
DISCLAIMER
Cafés/Bars in Colombia
KEY DATA FINDINGS
Bars, pubs, and independent juice bars record solid performances in 2024
Financial struggles for major coffee brands due to high interest rates and inflation
Juan Valdez expands and enhances its presence both nationally and internationally
Colombia’s bar and nightclub scene is set to gain global recognition
Colombian flavours are set to be reimagined for a modern audience
Rooftop bars are set to be a growing trend, offering a unique city experience
Full-Service Restaurants in Colombia
KEY DATA FINDINGS
No-shows negatively impact the profits of full-service restaurants
Food fairs and festivals become a booming trend in Colombia’s culinary scene
Business groups create restaurant networks with multiple brands to drive growth
Restaurant associations successfully reverse the ban on key ingredients in Asian cuisine
Colombia is set to develop into a more prominent culinary destination
High real estate costs are expected to pose a challenge for independent restaurants
Limited-Service Restaurants in Colombia
KEY DATA FINDINGS
Limited-service restaurants face challenges amid rising costs in 2024
Colombian restaurant chains expand beyond shopping centres to capture the weekend travel demand
Limited-service chains drive growth through omnichannel strategies and digital innovation
The impact of the health tax and expansion opportunities for limited-service restaurants
The Rappi Turbo delivery model is set to expand while Rappi reaches an agreement with delivery workers' union
The single-use plastics law will impact restaurant packaging and delivery services
Self-Service Cafeterias in Colombia
KEY DATA FINDINGS
Moderate price increases aim to add value while retaining customers
IKEA's cafes have a positive impact on self-service cafeterias
Self-service cafeterias struggle to gain traction in retail settings
Buffets are expected to gain ground, offering an indulgent dining experience to consumers
The executive lunch format is set to challenge self-service cafeterias, offering value and convenience
Delivery services and home offices will create challenges for self-service cafeterias
Street Stalls/Kiosks in Colombia
KEY DATA FINDINGS
Street food is a vibrant reflection of Colombia's gastronomic culture
Cocheros faces financial struggles amid street food challenges
Food trucks gain popularity, offering a flexible alternative to high rental costs
Street food is expected to thrive as a competitive and affordable meal alternative
Ensuring sustainability and safety will be key across the forecast period
Street food is set to gain popularity as a major attraction for Colombian tourists
Consumer Foodservice By Location in Colombia
KEY DATA FINDINGS
Growth slows for shopping malls as focus shifts to renovating existing spaces
Public space becomes a valuable asset for the food service industry in Bogotá
Renovating sports and music venues offers new opportunities in Colombia
Dark kitchens are set to face challenges across the forecast period
The growth of hotel restaurants and bars will be driven by rising international tourism
Restaurant chains in Colombia will expand to highway points near cities
The following categories and subcategories are included:
Consumer Foodservice
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- Chained Consumer Foodservice
- Independent Consumer Foodservice
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- Chained Cafés/Bars
- Independent Cafés/Bars
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- Chained Bars/Pubs
- Independent Bars/Pubs
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- Chained Cafés
- Independent Cafés
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- Chained Juice/Smoothie Bars
- Independent Juice/Smoothie Bars
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- Chained Specialist Coffee and Tea Shops
- Independent Specialist Coffee and Tea Shops
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- Chained Full-Service Restaurants
- Independent Full-Service Restaurants
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- Chained Asian Full-Service Restaurants
- Independent Asian Full-Service Restaurants
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- Chained European Full-Service Restaurants
- Independent European Full-Service Restaurants
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- Chained Latin American Full-Service Restaurants
- Independent Latin American Full-Service Restaurants
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- Chained Middle Eastern Full-Service Restaurants
- Independent Middle Eastern Full-Service Restaurants
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- Chained North American Full-Service Restaurants
- Independent North American Full-Service Restaurants
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- Chained Pizza Full-Service Restaurants
- Independent Pizza Full-Service Restaurants
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- Chained Other Full-Service Restaurants
- Independent Other Full-Service Restaurants
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- Chained Limited-Service Restaurants
- Independent Limited-Service Restaurants
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- Chained Asian Limited-Service Restaurants
- Independent Asian Limited-Service Restaurants
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- Chained Bakery Products Limited-Service Restaurants
- Independent Bakery Products Limited-Service Restaurants
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- Chained Burger Limited-Service Restaurants
- Independent Burger Limited-Service Restaurants
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- Chained Chicken Limited-Service Restaurants
- Independent Chicken Limited-Service Restaurants
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- Chained Convenience Stores Limited-Service Restaurants
- Independent Convenience Stores Limited-Service Restaurants
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- Chained Fish Limited-Service Restaurants
- Independent Fish Limited-Service Restaurants
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- Chained Ice Cream Limited-Service Restaurants
- Independent Ice Cream Limited-Service Restaurants
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- Chained Latin American Limited-Service Restaurants
- Independent Latin American Limited-Service Restaurants
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- Chained Middle Eastern Limited-Service Restaurants
- Independent Middle Eastern Limited-Service Restaurants
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- Chained Pizza Limited-Service Restaurants
- Independent Pizza Limited-Service Restaurants
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- Chained Other Limited-Service Restaurants
- Independent Other Limited-Service Restaurants
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- Chained Self-Service Cafeterias
- Independent Self-Service Cafeterias
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- Chained Street Stalls/Kiosks
- Independent Street Stalls/Kiosks
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- Consumer Foodservice Through Standalone
- Consumer Foodservice Through Leisure
- Consumer Foodservice Through Retail
- Consumer Foodservice Through Lodging
- Consumer Foodservice Through Travel
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- Takeaway Online Ordering
- Takeaway Offline Ordering
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- First-Party Delivery Services
- Third-Party Delivery Services
- Delivery Offline Ordering
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- Drive-Through
- Eat-In
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- Takeaway Online Ordering
- Delivery Online Ordering
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- Takeaway Offline Ordering
- Delivery Offline Ordering
- Drive-Through
- Eat-in
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Consumer Foodservice
Consumer foodservice is composed of cafés/bars, full-service restaurants, limited-service restaurants, self-service cafeterias and street stalls/kiosks.
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This report originates from Passport, our Consumer Foodservice research and analysis database.
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