The rise of meat substitutes in Columbia: a market analysis

Columbia Vegetable Protein and Meat Market – Industry Trends and forecast period of 2021 to 2028.

Columbia Vegetable Protein and Meat Market was growing at a value of USD 16.33 billion in 2021 and is expected to reach a value of USD 26.72 billion and registering a CAGR of 6.35% from 2022 to 2029

Market Definition

Vegetable protein and meat is a by-product extracted from the processing of various vegetable ingredients that is used as a meat substitute due to its protein content that is comparable to meats. It is a defatted version of vegetable proteins cooked in a straightforward manner. Texturized structural integrity of these proteins improves the chewiness and texture of the food products in which they are used.

Segment Analysis:

Type of Protein (Soy Protein, Pea Protein, Wheat Protein and Others), Beef Meat (Fresh Beef and Frozen Beef) Form (Chunks, Flakes, Granules, Others) End Use (Household, Commercial, Industrial) Distribution Channel (Supermarket, Online Stores, Others)

Opportunity of the Market

To meet this rising demand, an increasing number of individual quick freeze (IQF) meat and poultry manufacturers are entering the market, with new entrants expanding into new markets. As a result, food trading in the frozen industry is becoming increasingly international in most countries. As a result, supply chains are becoming larger and more complicated, resulting in a greater need for meat and poultry and vegetables to remain fresh for extended periods of time, driving individual quick freezing (IQF) meat and poultry sales.

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Some of the major players operating in the vegetable protein and meat market are:

ADM (U.S.)
Cargill Incorporated (U.S.)
CHS Inc (U.S.)
Roquette Freres (France)
DuPont (U.S.)
Wilmar International (Singapore)
The Scoular Company (U.S.)
Puris Foods (U.S.)
VestKorn (Norway)
MGP Ingredients (U.S.)
Beneo GmbH (Germany)
Shandong Yuxin Biotechnology Co. Ltd (China)
FoodChem International Corporation (China)
Shandong Wonderful Industrial Group Co. Ltd (China)
Axiom Foods (U.S.)
AGT Food Ingredients (Canada)
Sun NutraFoods (India)
Crown Soya Protein Group Company (China)

Research Methodology: Global System Integrator Market for Retail and Consumer Goods

Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.

The retail segment will dominate the end-use segment of the Columbia Vegetable Protein and Meat Market

The retail segment will emerge as the dominating segment under end-use with approximately 61.00% market share. This is because of the growing number of infrastructural development activities in the market especially in the developing economies. Further, growth and expansion of the semiconductors and electronics industry all around the globe will further bolster the growth of this segment.

Regional Analysis

U.S., Canada and Mexico in North America, Germany, Sweden, Poland, Denmark, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America

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COVID-19 Impact on Columbia Vegetable Protein and Meat Market

The COVID-19 pandemic led to a massive burden on food and beverage supply chains worldwide. Consumer consumption habits have shifted as a result of their perception of the risk associated with COVID-19. Fear of possible food and beverage shortages has fuelled the hoarding trend. Due to the hoarding, demand for individual quick freezing (IQF) meat and poultry products increased, and the companies could not meet the market demand. The vaccination campaign and lockdown practises to limit the virus's global spread are likely to aid in the growth of the frozen food market in regaining its position in the food and beverage sector.

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North America Encoder Market

Chapter One: Introduction
Chapter Two: Market Segmentation
Chapter Three: Market Overview
Chapter Four: Executive Summary
Chapter Five: Premium Insights
Chapter Six: Columbia Vegetable Protein and Meat Market

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