The report presents an in-depth assessment of the Colombia Food Ingredient including enabling technologies, key trends, market drivers, challenges, standardization, regulatory landscape, deployment models, operator case studies, opportunities, future roadmap, value chain, ecosystem player profiles and strategies. The report also presents forecasts for Colombia Food Ingredient investments from 2019 till 2024.
The Colombia food ingredient market is forecasted to reach USD 1.3 billion by 2024 growing at a CAGR of 6.09% during the forecast period (2019 – 2024).
The Colombia Food Ingredient market is highly competitive and consists of a number of major players. Top Companies like Cargill Incorporated, DSM, Ingredion Incorporated, Archer Daniels Midland Company, Dupont, Firmenich SA, BASF SE among others.
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Scope of the Report
The studied market of Colombia food ingredient is available as a functional food ingredient, starch and texturants, sweetener, flavors, acidulants, preservative, emulsifier, color, enzyme, culture, proteins, oil and yeast. By application, the market is segmented as beverages, sauces, dressings, and condiments, bakery, dairy, confectionery, dried processed food, frozen/chilled processed food, sweet and savory snacks and other applications.
Key Market Trends
Emerging Of Processed Foods Market in Colombia
Colombia is an emerging economy with a rapidly growing processed food industry. The Colombian processed food industry is expected to project a double-digit growth rate. As per the Colombian statistical data, the Colombian consumer spent almost USD 337 worth of processed food per capita per year. Consumption at this scale is significantly supported by the growth in the Colombian household disposable income. Therefore, the food ingredient market is also witnessing growth along with the processed food market. As the food industry in the developed regions is mature enough, food manufacturers are forced to explore some other market with better growth potential. In this scenario, South America and Asia-Pacific are the most preferred market.
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Increase in Import and Export Trade of Enulsifiers
Colombia has a major production of emulsifiers based on palm oil, glycerin and castor oil or castor oil. There is an abundance of raw materials required, given to the existence of government policies for the production of biodiesel for blending with petrochemical diesel. The technology of production of emulsifiers, which will dominate the Colombian market in the future, will be the one that uses enzymatic catalysis. Aceitalis SA and Aceites y Grasas Vegetales S.A. are some of the major producers of emulsifiers in Colombia, mainly dealing in lecithin, which has a significant market in the country. Mono-, Di-Glycerides & Derivatives are the dominant emulsifier in Colombia, followed by lecithin and polyglycerol poliricinoleate. The emulsifiers, which are classified in the others category are mainly stearoyl lactylates, alkoxylated fatty esters, ethoxylated fatty acids, ethoxylated glyceryl esters, ethoxylated sorbital esters.
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What are the market factors that are explained in the report?
–Key Strategic Developments: The study also includes the key strategic developments of the market, comprising R&D, new product launch, M&A, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors operating in the market on a global and regional scale.
–Key Market Features: The report evaluated key market features, including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. In addition, the study offers a comprehensive study of the key market dynamics and their latest trends, along with pertinent market segments and sub-segments.
–Analytical Tools: Colombia Food Ingredient Market report includes the accurately studied and assessed data of the key industry players and their scope in the market by means of a number of analytical tools. The analytical tools such as Porter’s five forces analysis, feasibility study, and investment return analysis have been used to analyzed the growth of the key players operating in the market.
The research includes historic data from 2014 to 2019 and forecasts until 2025 which makes the reports an invaluable resource for industry executives, marketing, sales and product managers, consultants, analysts, and other people looking for key industry data in readily accessible documents with clearly presented tables and graphs.
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