The vegetable protein and meat market showcases a growing trend towards plant-based alternatives driven by environmental, health, and ethical considerations. The dominating segment is plant-based protein products, including tofu, tempeh, and meat substitutes. These products offer a sustainable, cruelty-free, and cholesterol-free option for consumers. Moreover, they appeal to health-conscious individuals seeking reduced saturated fat intake. Meat, while still popular, faces increasing competition from these alternatives due to their lower environmental impact and alignment with shifting dietary preferences toward more sustainable and ethical choices.
According to Data Bridge Market Research, the Columbia Vegetable Protein and Meat Market which was growing at a value of USD 127.68 million in 2021 is expected to reach the value of USD 206.59 million by 2029, at a CAGR of 6.20% during the forecast period of 2022-2029.
“Expansion of supply chain boost the market’s growth”
The expansion of supply chains in the vegetable protein and meat market is primarily driven by the rising consumer demand for plant-based protein alternatives. As more individuals embrace plant-based diets for health, environmental, and ethical reasons, food companies are compelled to increase their supply chains to meet this growing demand. Additionally, advancements in technology and distribution networks have made it easier to source and distribute a wider variety of plant-based protein products, further fueling the expansion of supply chains in this market.
What restraints the growth of the Columbia vegetable protein and meat market?
“Prevalence of allergies among consumers restraints the market’s growth”
An important restraint in the vegetable protein and meat market is the prevalence of allergies among consumers. Some individuals have allergies to specific plant-based proteins, such as soy or nuts, which can limit their options and deter them from trying alternative protein sources. Manufacturers must prioritize allergen labeling and develop allergen-free alternatives to cater to a broader consumer base. Overcoming these allergy-related challenges is crucial for the sustained growth of the vegetable protein and meat market.
Segmentation: Columbia Vegetable Protein and Meat Market
The Columbia vegetable protein and meat market are segmented on the basis of type of protein, beef meat, form, end use, and distribution channel.
- On the basis of type of protein, the Columbia vegetable protein and meat market is segmented into soy protein, pea protein, wheat protein, and others.
- On the basis of beef meat, the Columbia vegetable protein and meat market is segmented into fresh beef and frozen beef.
- On the basis of form, the Columbia vegetable protein and meat market is segmented into chunks, flakes, granules, and others.
- On the basis of end use, the Columbia vegetable protein and meat market is segmented into household, commercial, and industrial.
- On the basis of distribution channel, the Columbia vegetable protein and meat market is segmented into supermarket, online stores, and others.
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Recent Developments
- In January 2020, Roquette and Beyond Meat (U.S.) entered into a strategic partnership aimed at significantly boosting the supply of pea protein in response to the growing demand in both North America and Europe.
- In June 2020, Cargill, Incorporated introduced PlantEver, a consumer brand for plant-based protein products in the Chinese market. This highlighted product caters to consumers seeking nutritious protein alternatives to chicken and beef. In China, PlantEver offers a combination of the nutritional benefits of plant-based and meat products. Consequently, the company has taken strategic steps to invest in protein manufacturing, with the expectation that this move will drive increased sales and profits.
The Prominent Key Players Operating in the Columbia Vegetable Protein and Meat Market Include:
- 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)
- La Troja (Spain)
- Hung Yang Foods (Taiwan)
Above are the key players covered in the report, to know about more and exhaustive list of Columbia vegetable protein and meat market companies contact, https://www.databridgemarketresearch.com/contact
Research Methodology: Columbia Vegetable Protein and Meat Market
Data collection and base year analysis are done using data collection modules with large sample sizes. The market data is analyzed and estimated using market statistical and coherent models. In addition, market share analysis and key trend analysis are the major success factors in the market report. The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Global vs Regional and Vendor Share Analysis. Please request analyst call in case of further inquiry.
