PROSPECTS AND OPPORTUNITIES
Private label options will likely keep growing as prices of other hot drinks continue to rise
A further increase in the health tax is expected during 2025, and this will directly affect retail prices in certain areas of other hot drinks. As a result, retail volume demand will likely decline, as consumers continue to reevaluate their spending.
Demographic changes will offer an opportunity for ongoing innovation
Colombia’s demographic landscape is set to undergo ongoing changes across the forecast period. While overall population growth is expected to remain modest, the number of people aged 65 and over is projected to increase by an average of 4.
Other plant-based hot drinks are not yet anticipated to drive innovation or growth
Other plant-based hot drinks are primarily oat-based, with Alimentos Polar leading the market through brands like Frescavena and Avena Quaker. However, innovation in this category has been limited, and little change is expected across the early forecast period.
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Overview:
Understand the latest market trends and future growth opportunities for the Other Hot Drinks 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.
If you're in the Other Hot Drinks 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 Other Hot Drinks 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 Other Hot Drinks in Colombia?
- To what extent are health considerations impacting consumption of Other Hot Drinks in Colombia?
- What are the traditional preferences in Other Hot Drinks in Colombia? To what extent are these tastes changing amidst increasing international influence and the growth of chained cafés?
- How are changing demographics (for example, an ageing or predominantly young population) determining consumption of Other Hot Drinks in Colombia?
- Which are the leading brands in Other Hot Drinks in Colombia?
- How are products distributed in Other Hot Drinks in Colombia?
- How is the rise of e-commerce changing the retail and competitive landscape?
- Have home seclusion and social distancing measures following COVID-19 benefited sales of Other Hot Drinks?
- Where is future growth expected to be most dynamic?
Other Hot Drinks in Colombia - Category analysis
KEY DATA FINDINGS
Soaring prices impact demand as retail volume records a double-digit decline
Small local grocers focus on smaller presentations to appeal to consumers and gain a competitive edge
Premium products emerge, however, standard products retain the lead
Private label options will likely keep growing as prices of other hot drinks continue to rise
Demographic changes will offer an opportunity for ongoing innovation
Other plant-based hot drinks are not yet anticipated to drive innovation or growth
Hot Drinks in Colombia - Industry Overview
Hot drinks in 2024: The big picture
2024 key trends
Competitive landscape
Retailing developments
Foodservice vs retail split
What next for hot drinks?
DISCLAIMER
The following categories and subcategories are included:
Other Hot Drinks
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- Chocolate-based Flavoured Powder Drinks
- Malt-based Hot Drinks
- Non-Chocolate-based Flavoured Powder Drinks
- Other Plant-based Hot Drinks
Other Hot Drinks
This is the aggregation of Flavoured Powder Drinks and Other Plant-based Powder Drinks. Products can be served hot or cold, and can be mixed with water, milk, or other liquids. Bottled, ready-to-drink flavoured milk drinks are NOT included here and are included in Passport Packaged Food.
See all of our definitionsWhy buy this report?
- Gain competitive intelligence about market leaders
- Track key industry trends, opportunities and threats
- Inform your marketing, brand, strategy and market development, sales and supply functions
This report originates from Passport, our Other Hot Drinks research and analysis database.
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