Staple foods in 2024: The big picture
Economic instability and household budget concerns led to fluctuations in retail demand during 2024, dampening purchasing power and shaping consumer purchasing habits. Consequently, the staple food landscape experienced a decline in retail volume sales, primarily due to the significant impact of inflation on prices, and the overall cost of living.
Key trends in 2024
Unpackaged bread remains the most purchased product type in bread, however, packaged bread gained popularity in 2024, mainly due to the efforts of discounters. These retailers were improving product quality and expanding their variety of offerings at very accessible price points, attracting a broader consumer base.
Competitive Landscape
The entry of new players from cross-categories, such as Nutrimenti (Bary) and Alimentos Polar (Pan), alongside international brands like Rummo, aimed to capture share through premium offerings in 2024.
Channel developments
Consumers are increasingly shifting their retail preferences in search of discounts and better pricing, with baked goods experiencing some of the most significant changes in 2024. Many neighbourhood bakeries have seen falling sales as families who face economic difficulties, turn to discounters for more affordable options.
What next for staple foods?
Meat and seafood substitutes are poised for dynamic growth during the forecast period, fuelled by a rising consumer perception of animal-free products as healthier alternatives. Anticipated price reductions for vegan foods, along with an expanded variety of vegan options, will further drive this growth.
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Overview:
Understand the latest market trends and future growth opportunities for the Staple Foods 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 a comprehensive range of core packaged food categories.
If you're in the Staple Foods 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 Staple Foods 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 Staple Foods in Colombia?
- Which are the leading brands in Staple Foods in Colombia?
- How are products distributed in Staple Foods in Colombia?
- How is the rise of e-commerce and/or the expansion of modern grocery retail impacting traditional retail?
- What are the key health and wellness concerns driving, or challenging, sales in Staple Foods?
- How significant are vegan and vegetarian dietary requirements in determining sales growth in Colombia?
- How has COVID-19 impacted consumer demand? To what extent have lockdown, home seclusion and stockpiling boosted sales? Will the longer term economic repercussions of the pandemic stimulate or suppress future growth?
- Where is future growth expected to be most dynamic?
- How significant will values-based claims, such as sustainability and ethical labelling, be in supporting future growth and brand equity?
Staple Foods in Colombia
Staple foods in 2024: The big picture
Key trends in 2024
Competitive Landscape
Channel developments
What next for staple foods?
DISCLAIMER
Baked Goods in Colombia
KEY DATA FINDINGS
Rising price sensitivity negatively impacts sales of unpackaged baked goods
Packaged flat bread records positive retail volume growth, driven by versatility
Cakes and pastries offer healthier attributes to drive sales on the landscape
Uncertain outlook for neighbourhood bakeries over the forecast period
Cross-category collaborations boost sales through nostalgia
Packaging innovation to be a key focus of new product development in baked goods
Breakfast Cereals in Colombia
KEY DATA FINDINGS
Cost challenges lead players to launch various packaging in 2024
Oats prove to be a popular choice among health-conscious consumers
Kellogg's dominance is challenged by healthier brands and private label
Health and wellness to significantly influence children's breakfast cereals
Private label offers affordable quality while focusing on consumer trends
Innovation and indulgence set to shape product assortments
Processed Fruit and Vegetables in Colombia
KEY DATA FINDINGS
Declining consumption as limited availability and fresh options challenge growth
Decline for frozen processed potatoes as consumers opt for local, fresh goods
Private label has an increasing presence as brand loyalty remains low
Demand set to grow as consumers pursue healthier lifestyles
Price will be key to growth and development for processed fruit and vegetables
Innovation will be crucial for processed fruit and vegetables to gain growth
Processed Meat, Seafood and Alternatives To Meat in Colombia
KEY DATA FINDINGS
A small improvement for seafood while inflation impacts overall demand
Private label leads on the seafood landscape, as consumers reach for affordability
Industrias de Alimentos Zenú SA leads the landscape with its flagship brand Zenú
Competitive landscape remains fierce as players expand their offerings
Meat and seafood substitutes will benefit from growing product variety
Shrinkflation to fuel demand and ongoing growth over the forecast period
Rice, Pasta and Noodles in Colombia
KEY DATA FINDINGS
Demand for rice, pasta and noodles benefits from the increase in home cooking
Private label offerings bolster the performance of dried pasta in 2024
The interest in Asian inspired food boosts sales of instant noodles
Instant noodles gain ground as consumers reach for convenient pouch-format products
Rice posts positive growth as consumers reach for innovation and tradition
Organic and gluten-free options become more commonplace in pasta
The following categories and subcategories are included:
Staple Foods
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- Packaged Flat Bread
- Unpackaged Flat Bread
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- Packaged Leavened Bread
- Unpackaged Leavened Bread
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- Packaged Cakes
- Unpackaged Cakes
- Dessert Mixes
- Frozen Baked Goods
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- Packaged Pastries
- Unpackaged Pastries
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- Sweet Pies and Tarts
- Frozen Cakes, Sweet Pies and Tarts
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- Hot Cereals
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- Children's Breakfast Cereals
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- Flakes
- Muesli and Granola
- Other RTE Cereals
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- Shelf Stable Beans
- Shelf Stable Fruit
- Shelf Stable Tomatoes
- Shelf Stable Vegetables
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- Frozen Fruit
- Frozen Processed Potatoes
- Frozen Processed Vegetables
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- Shelf Stable Processed Red Meat
- Shelf Stable Processed Poultry
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- Chilled Processed Red Meat
- Chilled Processed Poultry
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- Frozen Processed Red Meat
- Frozen Processed Poultry
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- Shelf Stable Seafood
- Chilled Processed Seafood
- Frozen Processed Seafood
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- Chilled Meat and Seafood Substitutes
- Frozen Meat and Seafood Substitutes
- Shelf Stable Meat and Seafood Substitutes
- Tofu and Derivatives
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- Chilled Noodles
- Frozen Noodles
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- Instant Noodle Cups
- Instant Noodle Pouches
- Plain Noodles
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- Chilled Pasta
- Dried Pasta
- Rice
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Staple Foods
NOTE: Couscous, polenta and quinoa are excluded from staple foods.
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This report originates from Passport, our Staple Foods research and analysis database.
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