Colombian Fruits and Vegetables Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Market Size (2024) | USD 6.41 Billion |
| Market Size (2029) | USD 8.14 Billion |
| CAGR (2024 - 2029) | 4.90 % |
Major Players*Disclaimer: Major Players sorted in no particular order |
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Colombian Fruits and Vegetables Market Analysis
The Colombia Fruits and Vegetables Market size is estimated at USD 6.41 billion in 2024, and is expected to reach USD 8.14 billion by 2029, growing at a CAGR of 4.90% during the forecast period (2024-2029).
- Colombia is one of the major producers of fruits and vegetables globally. It produces several horticultural crops, namely banana, mango, pineapple, papaya, strawberry, avocado, potato, tomato, pepper, and onion, among others. Banana is one of the largest segments as it has high production among fruits, high export potential, and a strong distribution network. In 2020, The government supported the agricultural sector by launching a USD 320 thousand credit scheme, "Colombia Agro Produce," to support agricultural operations, particularly seed and input purchases for the farmers.
- With the growing importance of nutritional balance among various consumer groups, the consumption of fruits is expanding in the country. Bananas, lemons, limes, berries, onions, oranges, and pineapples, among others, are the highly traded commodities in the fruits and vegetables segment of the country. Due to the nutritional properties of fruits, in recent years, minimally processed juices, beverages, and smoothies have become an alternative for healthy eating habits, which will further boost the country's fresh produce in the coming years.
Colombian Fruits and Vegetables Market Trends
Strong Distribution and Retail Networks are Driving the Colombian Fresh Produce Sector
- In recent years, Colombia's fresh produce import rate has been increasing at a faster pace than global imports, with Chile, the United States, and Peru being the major exporters. This trend can be attributed to changing consumer food preferences, where an assortment of produce that excels at freshness, quality, flavor, safety, and convenience is in high demand. Consumers are willing to pay a premium for it.
- The increasing demand for fresh produce has created an opportunity for retail chains to import and cater to the needs of consumers, resulting in a surge in the number of retail chains in the country. Retail food players, manufacturers, distributors, and other retailers are expected to leverage this opportunity, with their share expected to increase in the near future.
- Hyper and supermarkets are the primary retail chains focusing on consolidation, with Almacenes Exito, Carulla-Vivero, Carrefour, Supertiendas Olimpica, Alkosto, Makro, Cafam, Colsubsidio and La 14, and Surtifruver being the major players in Colombia. These retail chains are undergoing rapid expansions, strengthening the distribution links of fresh produce in the domestic market.
- Retail chains, manufacturers, distributors, and other retailers need to adjust to the evolving consumer preferences, such as providing fresh, high-quality, flavorful, safe, and convenient produce to meet the increasing demand for fresh produce. The retailers must focus on expanding their distribution channels and consolidating their operations to cater effectively to the growing demand. Overall, the fresh produce market in Colombia is set to witness significant growth in the near future, and companies need to adapt and evolve to take advantage of this opportunity.
Bananas to Dominate the Fresh Produce Sector
- Bananas are not only the most popular fruit in Colombia but also one of the country's most important tropical foods. In 2021, bananas accounted for nearly 21.7% share of the country's fresh produce. According to Food Agriculture Organization (FAO), banana production in Colombia reached 2413,768.5 metric tons in 2021, which increased marginally by 0.6% between 2020 and 2021.
- Colombia is the 5th largest exporter of bananas globally, with approximately 93% of the bananas produced being exported to foreign markets annually, with more than 50% destined for Europe and the United States. According to Feshplaza, about 1.8 million metric tons of bananas from the Caribbean region have been exported to different countries. The Caribbean region of Colombia accounted for about 48% of the bananas produced in the country.
- In Colombia, the banana market is characterized by horizontal and vertical integration within the value chain, with a highly competitive export market focused on the country. However, the high demand from global markets has led to banana plantations becoming increasingly dependent on agrochemicals, which has slightly hampered production in the country over the past few years.
- Despite these challenges, the high demand for exports and increasing production in the country have helped Colombia become one of the major exporters of bananas globally during the forecasted period.
Colombian Fruits and Vegetables Market News
- January 2022: The Colombian government started an initiative -Coseche y venda a la fija- to increase the harvesting of fruits and vegetables in the country. The strategic initiative improves the income and quality of life of Colombian farmers by helping construct a field with greater equity in the business.
- January 2022: Colombian government and International Fund for Agricultural Development (IFAD) started a strategic project for developing agriculture in the country's rural region with a national agenda till 2030.
Colombian Fruits and Vegetables Market Report - Table of Contents
1. INTRODUCTION
- 1.1 Study Assumptions and Market Definition
- 1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
- 4.1 Market Overview
- 4.2 Market Drivers
- 4.3 Market Restraints
5. MARKET SEGMENTATION (Production Analysis by Volume, Consumption Analysis by Value and Volume, Import Analysis by Value and Volume, Export Analysis by Value and Volume, and Price Trend Analysis)
- 5.1 Vegetables
- 5.2 Fruits
6. INTERNATIONAL TRADE AND PRICE SCENARIOS
- 6.1 Potato
- 6.2 Tomato
- 6.3 Pepper
- 6.4 Onion
- 6.5 Citrus
- 6.6 Banana
- 6.7 Mango
- 6.8 Papaya
- 6.9 Pineapple
- 6.10 Strawberry
- 6.11 Avocado
7. REGIONAL ANALYSIS
- 7.1 PESTLE Analysis
- 7.2 Supply Chain Analysis
- 7.3 Government Policies
8. COMPETITIVE ANALYSIS
- 8.1 Distribution Network and Retail Analysis
- 8.2 List/Profiles of Key Players
9. MARKET OPPORTUNITIES AND FUTURE TRENDS
** Subject To AvailablityColombian Fruits and Vegetables Industry Segmentation
Fruits and vegetables are important supplements to the human diet as they provide the essential nutrients required for maintaining health.
The Colombia fruits and vegetables market is segmented by type (fruits and vegetables). The report includes production analysis (volume), consumption analysis (value and volume), export analysis (value and volume), import analysis (value and volume), and price trend analysis.
The market offer market sizing in terms of value in USD million and metric ton in terms of volume.
Colombian Fruits and Vegetables Market Research FAQs
How big is the Colombia Fruits and Vegetables Market?
The Colombia Fruits and Vegetables Market size is expected to reach USD 6.41 billion in 2024 and grow at a CAGR of 4.90% to reach USD 8.14 billion by 2029.
What is the current Colombia Fruits and Vegetables Market size?
In 2024, the Colombia Fruits and Vegetables Market size is expected to reach USD 6.41 billion.
What years does this Colombia Fruits and Vegetables Market cover, and what was the market size in 2023?
In 2023, the Colombia Fruits and Vegetables Market size was estimated at USD 6.11 billion. The report covers the Colombia Fruits and Vegetables Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Colombia Fruits and Vegetables Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Colombian Fruits and Vegetables Industry Report
The report on the Fruit and Vegetable Market Growth in Colombia provides a comprehensive industry overview, including production, consumption, exports, imports, and price trends. The market report segments the industry by type, covering both fruits and vegetables, and offers detailed market data in terms of value and volume. This industry analysis includes insights into the market forecast, market segmentation, and market value, offering a clear market outlook.
The industry profile highlights the market share and industry size, providing a historical overview as well as a market forecast outlook. The industry statistics and market statistics are presented in terms of USD million and metric tons, ensuring a detailed understanding of the market trends. The market review includes a sales forecast, indicating the market growth and the growth rate over the forecast period.
The report also includes a report example and a report PDF download for further reference. It offers industry research and industry information, focusing on the market leaders and market predictions. The industry reports provide a thorough market overview and market trends, essential for understanding the current state and future prospects of the Colombian fruits and vegetables market.
Overall, this industry outlook and market forecast offer valuable insights for research companies and stakeholders looking to understand the market dynamics and make informed decisions.
