Colombia Coffee Market – Industry Analysis, Forecasts and Opportunity Assessment (2017-2022)
Report on Colombia Coffee Market – Industry Analysis, Forecasts and Opportunity Assessment (2017-2022)
Introduction to Colombia Coffee market
One of the world’s favorite beverages and a major source of caffeine for many students and employees, coffee continues to be an integral factor in society’s daily routine. According to Business Insider, coffee is the second most sought-after commodity in the entire world, with an industry that is worth over $100 billion across the globe. In terms of exporting alone, the industry is valued at $20 billion and continues to be on the rise—on average, 500 billion cups of coffee are consumed on Earth every year.
Colombian coffee is often regarded as some of the highest quality coffee in the world. Colombia has traditionally grown arabica beans and its unique geography makes it perfectly suited for producing a delicious. Colombia is the third largest producer of coffee in the world and highest in terms of the arabica bean. Colombians are very traditional in the way they drink coffee, and still have a strong preference for black coffee, better known as tinto, and coffee with milk, but the development of the coffee culture is motivating the demand for more convenient and sophisticated products.
The United States is the major single destination for Colombian coffee, importing approximately 44%
of the value of all Colombian coffee exports, followed by the European Union (25%), Japan (10%), and
The global coffee market is expected to grow with growing out of home coffee consuming population, rising urban population, increasing e-commerce retail sales and rising disposable income. Key trends of this market includes increasing penetration of premium coffee shops, rising preference of instant coffee mixes and increasing demand of coffee in emerging countries. However, there are some factors which can hinder growth of the market including weather uncertainties, retail consolidations and stringent regulations.
Colombian coffee consumption keeps growing driven by an increasing number of coffee shops and the creation of new coffee products to satisfy the rising demand of young professionals and foreign visitors. In MY 2017/18, domestic consumption is estimated to reach 1.6 million bags GBE, compared to 1.2 million bags GBE in 2012/13, an increase of 33 percent. Domestic consumption is forecast to marginally increase in MY 2018/19 to 1.65 million bags GBE.
The market is segmented in terms of the geography, demographics and psychographics. Colombian market can be divided into premium coffee market, instant coffee mixture, retail and foodservice.
Major consumers are college going students, tourists and young professionals.
The instant coffee mixes category has been growing rapidly, benefiting from the busy and tight schedules that Colombians have and also from rising consumer sophistication.
A promising future for colombian coffee. In the higher quality coffee segment, Colombian coffee has a bright future, maintaining its leadership among the washed, high mountain grown Arabica coffee. The market for coffee is evolving, from being a daily habit to becoming a lifestyle and this will drive the future growth.
Some of the major domestic players in the market include Industria Colombiana de Café SA (Colcafé), Torrecafé Águila Roja y Cía Ltda, Casa Luker SA and Procafecol SA, which collectively dominate the market share.
The report contains comprehensive analysis on:
- Colombia Coffee Market Segments
- Colombia Coffee Market Drivers, Restraints and Opportunities
- Colombia Coffee Market Size & Forecast 2016 to 2022
- Supply & Demand Value Chain
- Colombia Coffee Market Current Trends
- Competition &Major Companies
- Technology and R&D Status
- Porters Five Force Analysis
- Strategic and Critical Success Factor Analysis of Key Players
Regional analysis for Coffee Market includes
- Colombia Coffee Market
This report is an elaborate aggregation of primary inputs from industry experts and participants across the supply chain. It provides in-depth market segmentation that is derived from extensive product mapping exercises, macro-economic factors and other qualitative and quantitative insights. The impact of all such factors are delivered across multiple market segments and geographies.
- Detailed Historical Overview (Market Origins, Product Launch Timeline, etc.)
- Consumer and Pricing Analysis
- Market dynamics of the industry
- In-depth Market Segmentation
- Historical and Projected Market Sizing in terms of volume and value
- Recent market trends and Impact Factors
- R&D Status and Technology Overview
- Extensive Industry Structure Coverage