Colombia Spreads Market Research Report, 2028

Colombia, located in South America, is a country known for its vibrant culture, breathtaking landscapes, and rich culinary traditions. Colombian cuisine is a delightful fusion of indigenous, Spanish, African, and Caribbean influences, resulting in a diverse and flavorful food spread. The country's food market is a thriving industry that offers a wide variety of delicious and unique products. One of the staples of Colombian cuisine is rice, which accompanies many meals and serves as a base for popular dishes like arroz con pollo (rice with chicken) and bandeja paisa (a hearty platter with rice, beans, meat, plantains, and more). Plantains, both ripe and green, are also widely used in Colombian cuisine, often served as fried slices or mashed into a thick, dough-like consistency called patacones. The food spread market in Colombia also includes a wide range of tropical fruits, such as mangoes, papayas, guavas, and passion fruit. These fruits are not only consumed fresh but are also used in juices, desserts, and as toppings for various dishes. Colombia's food spread market reflects the country's regional diversity, with each region having its own culinary specialties. From the hearty and flavorful dishes of the Andean region to the seafood delights of the Caribbean coast, Colombian cuisine offers a tantalizing array of flavors and textures. According to the research report “Colombia Spreads Market Research Report, 2028," published by Actual Market Research, The Colombia Spreads Market is projected to reach market size of more than USD 460 Million by 2028. Arequipe is Colombia's version of dulce de leche, a sweet caramel spread made from condensed milk. It is incredibly popular and widely consumed in Colombia. Arequipe is used as a spread on bread, as a topping for desserts, and even as a filling for pastries. Hogao is a traditional Colombian sauce or spread made from tomatoes, onions, garlic, and spices. It is used in various dishes and adds a rich, savory flavor. Hogao is often served with arepas (corn cakes) and used as a base for stews and rice dishes. Guava paste, known as bocadillo in Colombia, is a sweet spread made from guava fruit. It has a dense and firm texture, and its flavor is a combination of sweet and slightly tangy. Bocadillo is commonly eaten with cheese, creating a popular snack called "bocadillo con queso." While peanut butter is not originally from Colombia, it has gained popularity in the country and is widely available. Colombian brands produce their own versions of peanut butter, and it is used as a spread, a filling for sandwiches, or as an ingredient in desserts. Aji is a spicy sauce or spread commonly found in Colombian cuisine. It is made from a variety of ingredients, including chili peppers, tomatoes, onions, cilantro, and lime juice. Ají adds a kick of heat and flavor to many dishes and is often served with empanadas, grilled meats, and arepas. Colombia is known for its high-quality chocolate, and this extends to chocolate spreads. Colombian brands produce delicious chocolate spreads that are enjoyed as a topping for bread, fruit, or desserts. These spreads often contain high percentages of cocoa and have a rich, intense chocolate flavor. While not a spread in the traditional sense, panela deserves mention due to its significance in Colombian cuisine. Panela is a solid form of unrefined cane sugar, and it is commonly used as a sweetener in Colombian beverages. It can also be dissolved in water to create a syrup that can be used as a spread or topping for desserts.

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In Colombia, there are several leading brands in the food spread market that offer a wide range of products. Some of the well-known brands are Alpina, Colanta, Ramo, Corona, Fruco, Nutresa. Almojabana is a popular Colombian cheese bread that can also be considered a spread due to its soft and creamy texture. It is made from cornmeal, cheese (usually queso fresco), eggs, and butter. Almojabanas are often enjoyed warm and served as a spread with coffee or hot chocolate. Manjar blanco is a sweet and creamy spread similar to dulce de leche. It is made from condensed milk, sugar, and vanilla, cooked until thick and caramelized. Manjar blanco is used as a spread for bread, filling for pastries, and as a topping for desserts like waffles and pancakes. Colombia's abundant tropical fruits are often used to make delicious fruit preserves or spreads. Common fruit preserves include guava (called "bocadillo de guayaba"), mango, pineapple, and tamarind. These preserves are made by cooking the fruits with sugar until they reach a thick, spreadable consistency. Colombia's coastal regions are known for their abundant coconut production, and coconut butter is a popular spread made from shredded coconut. It is similar to peanut butter in texture and can be used as a spread, in baking, or as an ingredient in various dishes. Tomato de arbol, also known as tamarillo, is a unique fruit grown in Colombia. Salsa de tomate de árbol is a tangy and slightly sweet spread made from this fruit. It is often used as a condiment or dip, and it pairs well with grilled meats and empanadas. Colombia is famous for its high-quality cacao beans, and this is reflected in the variety of cacao spreads available. These spreads are made from pure cacao or a combination of cacao and other ingredients like sugar, nuts, or spices. They are enjoyed as spreads, used in baking, or added to hot beverages. Avocado, known as "aguacate" in Colombia, is widely available and used in many dishes. Avocado spread, often mixed with lime juice, salt, and sometimes garlic, is a popular topping for arepas, sandwiches, and toast in Colombia. Colombia has a strong tradition of homemade food products, including spreads. Many households make their own spreads such as arequipe, guava paste, and fruit preserves. These homemade products often have a loyal customer base and can be seen as more authentic and artisanal. Commercial brands in the food spread market must find ways to differentiate themselves and compete with these homemade alternatives. Consumer preferences and tastes are constantly evolving, and brands need to adapt to these changes. Health-conscious consumers may seek healthier or organic alternatives, while others may have specific dietary restrictions or preferences. Meeting these diverse demands and staying ahead of trends require innovation, research, and product development efforts. Effectively marketing and building strong brand equity is a challenge in any competitive market. Brands need to invest in marketing strategies that resonate with Colombian consumers, build brand loyalty, and communicate the unique features and benefits of their products. Considered in this report: • Geography: Colombia • Historic year: 2017 • Base year: 2022 • Estimated year: 2023 • Forecast year: 2028

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Kripa Shah

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Aspects covered in this report: • Colombia Spread Market with its value and forecast along with its segments • Various drivers and challenges • On-going trends and developments • Top profiled companies • Strategic recommendation By Product Type: • Spreadable Fats • Fruit Jam & Preserve Spreads • Nut Based Spreads • Chocolate Spreads • Savory Spreads • Honey Based Spreads By End-Use: • Household • Commercial

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By Nature: • Conventional • Organic / Plant Based By Distribution Channel: • Hypermarket & Supermarket • Convenience Store • Online • Others (Foodserive & Direct Sales) The approach of the report: This report consists of a combined approach of primary as well as secondary research. Initially, secondary research was used to get an understanding of the market and listing out the companies that are present in the market. The secondary research consists of third-party sources such as press releases, annual report of companies, analyzing the government generated reports and databases. After gathering the data from secondary sources primary research was conducted by making telephonic interviews with the leading players about how the market is functioning and then conducted trade calls with dealers and distributors of the market. Post this we have started doing primary calls to consumers by equally segmenting consumers in regional aspects, tier aspects, age group, and gender. Once we have primary data with us. we have started verifying the details obtained from secondary sources. Intended audience: This report can be useful to industry consultants, manufacturers, suppliers, associations & organizations related to spread industry, government bodies and other stakeholders to align their market-centric strategies. In addition to marketing & presentations, it will also increase competitive knowledge about the industry.