Market Size of Colombia Food Ingredients Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 6.09 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Colombia Food Ingredients Market Analysis
The Colombia food ingredient market is forecasted to reach USD 1.3 billion by 2025growing at a CAGR of 6.09% during the forecast period.
- The market is directly proportional to the growing demand for animal feed market and animal nutrition.
- Obtained from livestock producers, owing to the rising awareness about food quality and safety, along with the growing emphasis on the importance of quality meat and animal by-products by population.
- The thriving poultry industry in the country is not only increasing its production capacity, but also serving exports tocountries such as China, Vietnam, and Thailand, thus, adding an impetus to the market.
