Colombia Food Ingredient Market Size & Share Report | 2031

Colombia Food Ingredient Market Size & Share Report | 2031

Segments - Colombia Food Ingredient Market by Type (Functional Food Ingredient, Starch & Texturants, Sweetener, Flavors, Acidulants, Preservative, Emulsifier, Color, Enzyme, Cullture, Proteins, and Oil & Yeast), Application (Beverage, Sauces, Dressings, and Condiments, Bakery, Dairy, Confectionery, Dried Processed Food, Sweet and Savory Snacks and Others) and Country (Colombia) - Colombia Industry Analysis, Growth, Share, Size, Trends, and Forecast 2023 – 2031

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Author : Anuradha B. More
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Fact-checked by : Vaibhav Chandola
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Editor : Shruti Bhat

Upcoming | Report ID :FB-2307 | 4.5 Rating | 75 Reviews | 214 Pages | Format : PDF Excel PPT

Report Description


Colombia Food Ingredient Market Outlook 2031

The Colombia food ingredient market size was valued at USD 1.09 Billion in 2022 and is expected to reach USD 1.86 Billion by 2031, expanding at a CAGR of 6.09% during the forecast period, 2023–2031. The growth of the market is attributed to the rising disposable income, increasing urbanization, and growing desire for natural food colorants. 

Food ingredients are elements that are added to food during manufacturing, packaging, or storage for functional or technical reasons. Maintaining texture, increasing freshness and safety, retaining nutritional content, and enhancing appearance or color are among reasons for adding food additives.

Colombia Food Ingredient Market Outlook

Plant extracts, microbes, and chemicals are used to make food ingredients. Ingredients, which are found between raw materials and completed items, are used in the food and beverage business for a variety of purposes, including product development and consumer health. Food ingredients make a difference. Improve product flavor, texture, and appearance while increasing shelf life and nutritious content.

Food ingredients are the basic components of food products and are designed to give certain benefits to the final product. They have a wide range of applications in product development and consumer health enhancement in a number of industries. Ingredients improve a product's flavor, texture, and appearance while also improving its shelf life and nutritional value.


The Covid-19 pandemic affected the demand and supply of Colombia food ingredient market. Lockdown across the globe, supply chain disorders, and oscillating supply of raw materials forced manufacturers to shut down production leading to unfortunate decline in market growth. Launch of vaccines to combat the Covid-19 pandemic is expected to contribute to the market growth over the forecast period.

  • Growing desire for natural food colorants is projected to fuel the market during forecast period.
  • Rising population and rapid urbanization are key factors propelling the market in the coming years.
  • Stringent regulations of government are estimated to hamper the market growth.
  • Lack of awareness act as major challenges that can restrict the market in the coming years.
  • R&D investment and technological advancement is anticipated to create lucrative opportunities for the market players.

Scope of Colombia Food Ingredient Market Report

The report on the Colombia food ingredient market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.

Attributes

Details

Report Title

Food Ingredient Market - Colombia Industry Analysis, Growth, Share, Size, Trends, and Forecast

Base Year

2022

Historic Data

2016–2021

Forecast Period

2023–2031

Segmentation

Type (Functional Food Ingredient, Starch and Texturants, Sweetener, Flavors, Acidulants, Preservative, Emulsifier, Color, Enzyme, Cullture, Proteins, Oil and Yeast), Application (Beverage, Sauces, Dressings, and Condiments, Bakery, Dairy, Confectionery, Dried Processed Food, Sweet and Savory Snacks and Others)

Geographical Scope

Colombia

Report Coverage

Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast

Key Players Covered in the Report

Dupont Danisco, DSM, Cargill, Incorporated, Archer Daniels Midland Company, and Ingredion Incoporated.

Colombia Food Ingredient Market Segment Insights

Type Segment Analysis

On the basis of type, the Colombia food ingredient market is segmented into functional food ingredient, starch and texturants, sweetener, flavors, acidulants, preservative, emulsifier, color, enzyme, cullture, proteins, and oil & yeast. The emulsifiers segment is expected to represent a key share of the market during the forecast period.

Emulsifiers are used for blending purposes, such as altering oil crystals and avoiding water spattering, as well as to improve the look. Bread, ice cream, minced fish items, and tofu all include emulsifiers. Chemical substances that give meals a tart, sour, or acidic flavor are known as acidulants. Acidity regulators, on the other hand, are food additives that affect the stability of food or enzymes inside it.

Phosphoric acid is found in several drinks, including colas. Food emulsifiers increase the volume and shelf life of foods while also improving their appearance. Emulsifiers are also one of the food additives that are rapidly replacing many other additives in food products in order to reduce overall fat content.

Food manufacturers are increasingly using emulsifiers to help reduce bad cholesterol in foods, which is expanding their use in processed foods. A number of food and beverage companies are currently releasing new products with various emulsifier blends to meet client needs.

Colombia Food Ingredient Market Type

Application Segment Analysis

On the basis of application, the Colombia food ingredient market is divided into beverage, sauces, dressings, and condiments, bakery, dairy, confectionery, dried processed food, sweet and savory snacks and others. The processed food segment is expected to hold a key share of the market during the forecast period. The clear transition from raw to processed and ultra-processed foods in food consumption patterns.

In industrialized countries, hectic lives have resulted in  decreasing cooking and  rising snacking habits. Processed goods, such as breads and cereals, frozen and packed meals, and processed meat and fish, are more popular among consumers.
Colombia is a developing country with a burgeoning processed food sector.

According to Colombian statistics, the average Colombian consumer spends almost USD 337 per year on processed foods.
The increasing Colombian household disposable income has a significant impact on consumption at this level.

Colombia Food Ingredient Market Application

Segments

The Colombia food ingredient market has been segmented on the basis of

Type

  • Functional Food Ingredient
  • Starch and Texturants
  • Sweetener
  • Flavors
  • Acidulants
  • Preservative
  • Emulsifier
  • Color
  • Enzyme
  • Cullture
  • Proteins
  • Oil and Yeast

Applications

  • Beverage
  • Sauces
  • Dressings, and Condiments
  • Bakery
  • Dairy
  • Confectionery
  • Dried Processed Food
  • Sweet and Savory Snacks
  • Other

Key Players

Competitive Landscape

Key players competing in the Colombia food ingredient market include Dupont Danisco, DSM, Cargill, Incorporated, Archer Daniels Midland Company, and Ingredion Incoporated. Some of these players are using several market strategies such as mergers, acquisitions, partnerships, collaborations, capacity expansion, and product launches to increase their market shares.

Colombia Food Ingredient Market Key Players

Table Of Content

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Food Ingredient Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Food Ingredient Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Food Ingredient Market - Supply Chain
  4.5. Global Food Ingredient Market Forecast
     4.5.1. Food Ingredient Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Food Ingredient Market Size (000’ Units) and Y-o-Y Growth
     4.5.3. Food Ingredient Market Absolute $ Opportunity
5. Global Food Ingredient Market Analysis and Forecast by Region
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Region
     5.2.2. Y-o-Y Growth Projections by Region
  5.3. Food Ingredient Market Size and Volume Forecast by Region
     5.3.1. North America
     5.3.2. Latin America
     5.3.3. Europe
     5.3.4. Asia Pacific
     5.3.5. Middle East and Africa (MEA)
  5.4. Absolute $ Opportunity Assessment by Region
  5.5. Market Attractiveness/Growth Potential Analysis by Region
  5.6. Global Food Ingredient Demand Share Forecast, 2019-2026
6. North America Food Ingredient Market Analysis and Forecast
  6.1. Introduction
     6.1.1. Basis Point Share (BPS) Analysis by Country
     6.1.2. Y-o-Y Growth Projections by Country
  6.2. North America Food Ingredient Market Size and Volume Forecast by Country
     6.2.1. U.S.
     6.2.2. Canada
  6.3. Absolute $ Opportunity Assessment by Country
  6.4. Market Attractiveness/Growth Potential Analysis
     6.4.1. By Country
     6.4.2. By Product Type
     6.4.3. By Application
  6.5. North America Food Ingredient Demand Share Forecast, 2019-2026
7. Latin America Food Ingredient Market Analysis and Forecast
  7.1. Introduction
     7.1.1. Basis Point Share (BPS) Analysis by Country
     7.1.2. Y-o-Y Growth Projections by Country
     7.1.3. Latin America Average Pricing Analysis
  7.2. Latin America Food Ingredient Market Size and Volume Forecast by Country
      7.2.1. Brazil
      7.2.2. Mexico
      7.2.3. Rest of Latin America
   7.3. Absolute $ Opportunity Assessment by Country
  7.4. Market Attractiveness/Growth Potential Analysis
     7.4.1. By Country
     7.4.2. By Product Type
     7.4.3. By Application
  7.5. Latin America Food Ingredient Demand Share Forecast, 2019-2026
8. Europe Food Ingredient Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
     8.1.3. Europe Average Pricing Analysis
  8.2. Europe Food Ingredient Market Size and Volume Forecast by Country
     8.2.1. Germany
     8.2.2. France
     8.2.3. Italy
     8.2.4. U.K.
     8.2.5. Spain
     8.2.6. Russia
     8.2.7. Rest of Europe
  8.3. Absolute $ Opportunity Assessment by Country
  8.4. Market Attractiveness/Growth Potential Analysis
     8.4.1. By Country
     8.4.2. By Product Type
     8.4.3. By Application
  8.5. Europe Food Ingredient Demand Share Forecast, 2019-2026
9. Asia Pacific Food Ingredient Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Asia Pacific Average Pricing Analysis
  9.2. Asia Pacific Food Ingredient Market Size and Volume Forecast by Country
     9.2.1. China
     9.2.2. Japan
     9.2.3. South Korea
     9.2.4. India
     9.2.5. Australia
     9.2.6. Rest of Asia Pacific (APAC)
  9.3. Absolute $ Opportunity Assessment by Country
  9.4. Market Attractiveness/Growth Potential Analysis
     9.4.1. By Country
     9.4.2. By Product Type
     9.4.3. By Application
  9.5. Asia Pacific Food Ingredient Demand Share Forecast, 2019-2026
10. Middle East & Africa Food Ingredient Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Middle East & Africa Average Pricing Analysis
  10.2. Middle East & Africa Food Ingredient Market Size and Volume Forecast by Country
     10.2.1. Saudi Arabia
     10.2.2. South Africa
     10.2.3. UAE
     10.2.4. Rest of Middle East & Africa (MEA)
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Market Attractiveness/Growth Potential Analysis
     10.4.1. By Country
     10.4.2. By Product Type
     10.4.3. By Application
  10.5. Middle East & Africa Food Ingredient Demand Share Forecast, 2019-2026
11. Competition Landscape
  11.1. Global Food Ingredient Market: Market Share Analysis
  11.2. Food Ingredient Distributors and Customers
  11.3. Food Ingredient Market: Competitive Dashboard
  11.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)

Methodology

Our Clients

FedEx Logistics
General Electric
Dassault Aviation
Pfizer
sinopec
Honda Motor Co. Ltd.
General Mills
The John Holland Group