Colombia Individual Quick Frozen Cheese Market Size & Outlook
Colombia individual quick frozen cheese market, 2018-2030 (US$M)
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Colombia individual quick frozen cheese market highlights
- The Colombia individual quick frozen cheese market generated a revenue of USD 25.4 million in 2021 and is expected to reach USD 41.1 million by 2030.
- The Colombia market is expected to grow at a CAGR of 5.5% from 2022 to 2030.
- In terms of segment, mozzarella was the largest revenue generating product in 2021.
- Mozzarella is the most lucrative product segment registering the fastest growth during the forecast period.
Individual quick frozen cheese market data book summary
| Market revenue in 2021 | USD 25.4 million |
| Market revenue in 2030 | USD 41.1 million |
| Growth rate | 5.5% (CAGR from 2021 to 2030) |
| Largest segment | Mozzarella |
| Fastest growing segment | Mozzarella |
| Historical data | 2018 - 2020 |
| Base year | 2021 |
| Forecast period | 2022 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Mozzarella, Cheddar, Parmesan |
| Key market players worldwide | Procter & Gamble Co, Granarolo, Fonterra Co-operative Group, Leprino Foods, Ornua Ingredients North America, Casa RADICCI |
Other key industry trends
- In terms of revenue, Colombia accounted for 0.7% of the global individual quick frozen cheese market in 2021.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Latin America, Brazil individual quick frozen cheese market is projected to lead the regional market in terms of revenue in 2030.
- Chile is the fastest growing regional market in Latin America and is projected to reach USD 39.4 million by 2030.
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Individual Quick Frozen Cheese Market Scope
Individual Quick Frozen Cheese Market Companies
| Name | Profile | # Employees | HQ | Website |
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Colombia individual quick frozen cheese market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to individual quick frozen cheese market will help companies and investors design strategic landscapes.
Mozzarella was the largest segment with a revenue share of 73.23% in 2021. Horizon Databook has segmented the Colombia individual quick frozen cheese market based on mozzarella, cheddar, parmesan covering the revenue growth of each sub-segment from 2018 to 2030.
The growth of the IQF cheese market in Colombia can be attributed to the increasing influence and presence of high-rated pizza restaurants, fast-food chains, and local QSRs. In August 2020, global pizza brand Little Caesars opened two franchise stores in Bogota, Colombia.
In addition, in September 2021, leading pizza brand Pizza Hut extended its presence in 33 markets and more than 2,300 outlets by registering a strong presence in the country.
Pizza Hut has reached 33 stores in Colombia and is in the process of reactivation and modernization, with a growth of more than 50% in sales, compared to 2020.
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Horizon Databook provides a detailed overview of country-level data and insights on the Colombia individual quick frozen cheese market , including forecasts for subscribers. This country databook contains high-level insights into Colombia individual quick frozen cheese market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Colombia individual quick frozen cheese market size, by product, 2018-2030 (US$M)
Colombia Individual Quick Frozen Cheese Market Outlook Share, 2021 & 2030 (US$M)
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