Boston, MA -- (SBWire) -- 12/03/2014 --We forecast that a continued decline in unemployment levels and rising access to credit will support strong ongoing real private consumption growth in 2015. Despite the country's fairly inflexible and costly labour market, the lack of bureaucracy involved in setting up a business and well developed financial markets continue to make Colombia an attractive investment destination across a number of sectors including food and drink.
Headline Industry Data (in local currency)
- 2014 per capita food consumption = +7.4% year-on-year (y-o-y); forecast compound annual growth rate (CAGR) 2013-2018 = +8.5%.
- 2014 alcoholic drink sales = +6.1% y-o-y; forecast CAGR 2013-2018 = +6.4%.
- 2014 soft drink sales = +9.7% y-o-y; forecast CAGR 2013-2018 = +9.6%.
- 2014 mass grocery retail sales = +10.3% y-o-y; forecast CAGR 2013-2018 = +10.9%.
Key Company Trends
Dole Invests In New Colombian Produce Plant: The Dole Food Company invested USD28mn in a new ready-to-eat packaged vegetable plant in Colombia, Just-Food reported in October 2014. The plant will have a processing capacity of 50 tonnes per day and is expected to create in the region of 150 new jobs. Dole plans to use the plant to wash, cut and pack vegetables grown locally with minimum intervention. Initial production will concentrate more on tubers, reflecting the Colombian preference for tubers over vegetables, with the produce expected to be in stores from November.
View Full Report Details and Table of Contents
Nutresa Reports Strong H114 Performance: Nutresa Group announced in August 2014, that total sales growth increased by 14.9% y-o-y to reach COP3,002.4bn in the first half of 2014. The groups Colombian sales rose by 7.7% y-o-y to COP1,972.4bn and international sales rose by an impressive 24.8% y-o-y, reaching USD526mn. EBITDA grew by 11.1% y-o-y to COP417.7bn, representing a margin on sales of 13.9%.
Jer?nimo Martins Continues Rapid Expansion In Colombia: Jer?nimo Martins' assault on the Colombian MGR market saw it report total...
About Fast Market Research
Fast Market Research is a leading distributor of market research and business information. Representing the world's top research publishers and analysts, we provide quick and easy access to the best competitive intelligence available. Our unbiased, expert staff is always available to help you find the right research to fit your requirements and your budget. For more information about these or related research reports, please visit our website at http://www.fastmr.com or call us at 1.800.844.8156.
Browse all Food research reports at Fast Market Research
You may also be interested in these related reports:
- Greece Food & Drink Report Q1 2015
- Croatia Food & Drink Report Q1 2015
- Malaysia Food & Drink Report Q1 2015
- Bulgaria Food & Drink Report Q1 2015
- Caribbean Food & Drink Report Q1 2015
- Czech Republic Food & Drink Report Q1 2015
- Colombia Food & Drink Report Q4 2014
- United Arab Emirates Food & Drink Report Q1 2015
- Bahrain Food & Drink Report Q1 2015
- Australia Food & Drink Report Q1 2015
"Colombia Food & Drink Report Q1 2015" Now Available at Fast Market Research
New Food research report from Business Monitor International is now available from Fast Market Research