Food and beverages industry
Food and beverage sector in Colombia has high development potential, it is estimated to grow by 39% between 2016 and 2021.
Why locate in Bogota?
- Bogota-region is the main food and beverage market and production center in Colombia: Bogota accounts for 45% of total industry sales in the country and is home to 39 of the top 100 leading companies of the sector.
- Market with high growth potential: Between 2016 and 2021, Colombians’ consumption of food and beverages is expected to grow by 39%.
- Colombia provides a strategic location in the Americas: Manufacturing companies located in Bogota have preferential access to the main markets within the continent.
- Bogota is renowned for the quality and readiness of its workers: The city boasts a large and qualified labor force with specific experience in the food and beverage industry, and at highly competitive costs.
- Colombian Government offers investment incentives and support for the industry: The country is implementing strategies to modernize the industry and attract new foreign investment for the sector.
Colombian food and beverages market has a large upside potential
Processed Foods and Beverage consumption in Colombia (2010 - 2020)*
- Per capita, food and beverage consumption in Colombia is low compared to other countries with a similar level of development in the region. While per capita consumption of processed food in 2016 was USD 572 in Latin America, in Colombia it was USD 380.
- It is estimated that the food and beverage sector will have annual sales of more than USD 25 billion in 2021.
Bogota is the largest market and production center for food and beverages industry in the country.
- Bogota is the largest consumption center of the country, its GDP per capita is 46% higher than national GDP per capita.
- In 2016, the food and beverage industry in Bogota registered sales of USD 12.9 billion.
- Bogota represents approximately 57% of Colombian imports, and 39% of Colombian food and beverage total imports.
Considering consumption tendencies and growth dynamics, the following are the main segments of Colombia’s processed food and beverage industry:
- Processed food: Milling products, bakery, dairy, flour, confectionery, and snacks.
- Beverage: Beer, carbonates, juice and bottled water.
Bogota's labor force readiness and quality
- With a workforce of more than 4.6 million people and more than 117 higher education institutions, Bogota can guarantee the availability and quality of its human resources.
- Each year, around 157 thousand students graduate in the city (professionals, technical and technicians).
Government and private associations support
- The National Industrial Association of Colombia (ANDI) brings together major industrial players for trade development and promotion.
- The Productive Transformation Program –PTP- seeks to accelerate the competitiveness and productivity of the processed food and beverage industry.
If you need more detailed information, find in the lower part the information of our investment officers in charge of this sector.
Updated (mm/dd/yyyy): 07.3.2018