Colombia Snacks Market Report and Forecast 2024-2032

Colombia Snacks Market Outlook

The Colombia snacks market size is estimated to expand at a CAGR of 6.60% between 2024 and 2032.

Key Takeaways

• Consumers in Colombia are increasingly seeking healthier snack options, favouring the ones that are low in salt, sugar, and unhealthy fats, and enriched with fibres, proteins, and natural ingredients.

• In June 2021, MINHEALTH, Colombia’s Ministry of Health and Social Protection, issued technical regulations pertaining to the nutrition and labeling requirements (front-of-pack) for packaged food products.

• In November 2020, MINHEALTH established mandatory limits on the maximum permissible sodium content for 59 processed food categories, including snacks and processed meats.

The Colombia snacks market growth is driven by the increasing demand for packaged foods due to the convenience offered by them to busy individuals and their affordability. A notable trend in the market is the rising consumer demand for healthy snacks over traditional snacking options. With busier lifestyles and longer work hours, consumers are gravitating towards filling and healthier options like pre-cut fruits, granola bars, and protein shakes that can be easily consumed on the go. The emergence of online sales channels has made a wide variety of snacks easily accessible to consumers and has also attracted international investors to the market.

As per the Colombia snacks market analysis, the rise in consumer health awareness and the preference for low-calorie snacks has led to a surge in demand for functional snacks in Colombia. These snacks, rich in nutrients, protein, and fibre, are sought after for their energy-boosting properties. Furthermore, the growing incidence of chronic diseases like obesity and heart disease is also fuelling the demand for healthy snack options.

Market participants are concentrating on broadening their product offerings to meet the needs of a diverse customer base. For example, in January 2022, Alpina, the third-largest dairy company in Colombia, introduced REV™ Dried Cheese Snacks nationwide. This new product was made entirely of 100% dehydrated cheese and the initial cheese flavours launched by the company were Parmesan, Dutch (Edam), and Sopó. Each variant was rich in protein, and claimed to be gluten-free and keto-friendly, with no artificial ingredients.

Market Segmentation

Colombia Snacks Market Report and Forecast 2024-2032 offers a detailed analysis of the market based on the following segments:

Market Breakup by Product Type

• Frozen and Refrigerated Snacks

• Fruit Snacks

• Bakery Snacks 

• Savory Snacks

• Confectionery Snacks

• Others

Market Breakup by Distribution Channel

• Supermarkets and Hypermarkets

• Convenience Stores

• Online

• Others

Competitive Landscape

Market participants are focusing on the production of healthier snacks that possess a high nutritional value, in order to meet the demands of health-conscious consumers.

• PepsiCo, Inc. 

• Kellanova 

• Nestlé S.A. 

• Unilever Plc  

• Mondelez International, Inc.  

• Productos Yupi SAS  

• Comestibles Ricos Ltda.  

• Manitoba Ltda.    

• Grupo Nutresa S.A.  

• Others

Key Highlights of the Report