PROSPECTS AND OPPORTUNITIES
Sales normalisation is expected, while private label is set to grow
Over the forecast period, sugar confectionery is poised to record healthy value growth and modest volume figures as unit prices stabilise. This trend will be influenced by prolonged economic constraints and consumers adjustment to health tax costs.
Introduction of healthier alternatives to support volume growth in the long term
Local consumers are being increasingly impacted by the media highlighting the nutritional components of the foods and beverages that they purchase, elevating the level of awareness and concern over ingredients. Online media is becoming particularly influential.
Changing retail landscape
Over the forecast period, retail success will hinge on omnichannel integration. A seamless omnichannel approach will be vital for retailers to enable consistent customer engagement across multiple touchpoints, while manufacturers innovate to expand consumers’ experience with unique, interesting and fun products.
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Overview:
Understand the latest market trends and future growth opportunities for the Sugar Confectionery 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 Sugar Confectionery 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 Sugar Confectionery 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 Sugar Confectionery in Colombia?
- Which are the leading brands in Sugar Confectionery in Colombia?
- How are products distributed in Sugar Confectionery 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 Sugar Confectionery?
- 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?
Sugar Confectionery in Colombia - Category analysis
KEY DATA FINDINGS
Inflationary pressures challenge sugar confectionery’s retail volume sales
Flavour expansion and consumer experience remain key growth drivers
Convenience retail is a growing opportunity for sugar confectionery sales
Sales normalisation is expected, while private label is set to grow
Introduction of healthier alternatives to support volume growth in the long term
Changing retail landscape
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DISCLAIMER
The following categories and subcategories are included:
Sugar Confectionery
- Boiled Sweets
- Chewy Candies
- Gummies and Jellies
- Liquorice
- Lollipops
- Medicated Confectionery
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- Power Mints
- Standard Mints
- Toffees, Caramels and Nougat
- Other Sugar Confectionery
Sugar Confectionery
This is the aggregation of mints, boiled sweets, pastilles, gummies, jellies and chews, toffees, caramels, and nougat, medicated confectionery, lollipops, liquorice and other sugar confectionery.
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 Sugar Confectionery research and analysis database.
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