Cafes/Bars in Colombia - New Report Available

Cafés/bars had a good performance during 2014, with sales expanding by 5% in current terms, while the number of outlets rose by 4%. Growth was driven by increasing disposable incomes for leisure activities, consumers looking for more sophisticated environments and the arrival of new players. During 2014, Colombian real GDP rose by 4.6%, which contributed to a rise in disposable incomes among the middle-income segment, who are looking for new environments to spend leisure time. In this context, the development of specialist coffee shops and pubs is encompassing a wider consumer base. This kind of business has also adapted to consumers’ higher expectations, offering modern environments which are quickly becoming popular.

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Competitive Landscape

Cafés/bars is dominated by independent players, which accounted for 91% of sales in 2014, largely due to the fragmentation of the bars category. Although in many cases, one person owns several outlets, they prefer to operate them independently rather than manage them as a chain, since consumers like a diversity of environments. Most bars are owned by small investors, which favours market dispersion.

Industry Prospects

Over the forecast period, cafés/bars sales will continue expanding, by a 3% CAGR in constant terms, driven by increasing disposable incomes and the expansion (or arrival) of new players. It is projected that the Colombian economy will continue to grow, although more slowly than in previous years, due to the projected decline in prices of oil and other key commodities, which will strengthen the middle-income segment.

Report Overview

Discover the latest market trends and uncover sources of future market growth for the Cafés/Bars industry in Colombia with research from Euromonitor's team of in-country analysts.

Find hidden opportunities in the most current research data available, understand competitive threats with our detailed market analysis, and plan your corporate strategy with our expert qualitative analysis and growth projections.

If you're in the Cafés/Bars industry in Colombia, our research will save you time and money while empowering you to make informed, profitable decisions.

The Cafés/Bars in Colombia market research report includes:

* Analysis of key supply-side and demand trends
* Historic volumes and values, company and brand market shares
* Five year forecasts of market trends and market growth  
* Robust and transparent market research methodology, conducted in-country

Our market research reports answer questions such as:

* What is the market size of Cafés/Bars in Colombia?
* What are the major brands in Colombia?
* What are the growth prospects for specialist coffee shops in Colombia?

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