Colombia Vegetable Protein Market By Type of Protein (Soy Protein, Pea Protein, Wheat Protein and Others), Beef Meat (Fresh Beef and Frozen Beef) Industry Trends and Forecast to 2027
Market Analysis and Insights: Colombia Vegetable Protein and Meat Market
Colombia vegetable protein & meat market is expected to gain market growth in the forecast period of 2020 to 2027. Data Bridge Market Research analyses that the market is expected to reach USD 127.68 million by 2019.
Vegetable protein is produced from soy, wheat, and peas. These are mostly preferred in the daily nutrient intake by the Latin American population. The composition of the protein isolates and concentrates have attracted American consumers to fulfil the daily nutrient requirement. The launch of the food and beverage products comprising pea protein isolates booming the growth of pea protein ingredients in the industry.
The habits of preferring nutritional enriched ingredients and the focus of manufacturers to develop products with natural ingredients are leading the growth of the plant-based ingredient in the Colombian market.
The export of beef meat has been constrained to certain geography in Colombia such as Colombia beef meat is only exported to Russia, Egypt, and China among other countries. Whereas, focus on the development of meat and export government has boosted the opportunity with the approval of meat export in Chile. The beef meat market with recent approval in Chile will help Colombia to gain USD 444.5 million in export revenue. This type of initiation by the authorized government will make an opportunity for Colombian beef meat producers to invest in the market
This Colombia vegetable protein & meat market report provides details of market share, new developments, and product pipeline analysis, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, product approvals, strategic decisions, product launches, geographic expansions, and technological innovations in the market. To understand the analysis and the market scenario contact us for an Analyst Brief, our team will help you create a revenue impact solution to achieve your desired goal.
Colombia vegetable protein & meat market is segmented into two notable segments which are based on the type of protein and beef meat. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of type of protein, Colombia vegetable protein market is segmented into soy protein, pea protein, wheat protein and others. In 2019, the soy protein segment in Colombia have comprised the highest market share due to the high consumption of the soy protein due to their nutritional benefits absorbed by human body accelerating their consumption as alternate meat protein. However, pea protein segment is growing with the highest CAGR due to the launch of pea protein enriched beverages and food products and preferences of consumers and food industrialist in the development of consumable products is making an opportunity for pea protein market.
- On the basis of beef meat, Colombia meat market is segmented into fresh beef and frozen beef. In 2019, fresh beef have comprised the highest market share, as majority of the beef meat in the domestic applications are consume directly by the food manufacturers and household applications for processing of various sausage, burgers and other processed food products.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as sales, country demographics, and regulatory acts are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global branded product manufacturers and their challenges faced due to large or scarce competition from local and domestic brands, impact of sales channels are considered while providing forecast analysis of the country data.
Rising Demand of Vegetable Protein in Food Supplements
Colombia vegetable protein & meat market also provides you with detailed market analysis for every country growth in industry with sales, components sales, impact of technological development in vegetable protein & meat and changes in regulatory scenarios with their support for the vegetable protein & meat market. The data is available for historic period 2017 to 2018.
Competitive Landscape and Colombia Vegetable Protein & Meat Share Analysis
Colombia vegetable protein & meat market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, company strengths and weaknesses, product launch, product trials pipelines, product approvals, patents, product width and breadth, application dominance, technology lifeline curve. The above data points provided are only related to the companies’ focus related to vegetable protein & meat market.
Some of the major players operating in the Colombia vegetable protein & meat market are ADM, Cargill, Incorporated, DuPont, Levapan S.A., Ingredion Incorporated. Inc., Athena Foods, ARDENT MILLS, Barentz, Azelis S.A., Bob’s Red Mill Natural Foods, BRF, CHS INC., Colbeef, Ensis Sciences, Farmesa, IPF Ingredients and Functional Products SAS, KIBO SAS, Royal ingredients group, Tate & Lyle, and Tereos among others. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
Many product developments are also initiated by the companies worldwide which are also accelerating the growth of Colombia vegetable protein & meat market.
- In June 2020, Cargill, Incorporated has launched PlantEver, a plant-based protein consumer brand in China. It is a featured product which is able to meet consumer demand of nutritious protein. This product offers chicken and beef alternatives. In China, this product will provide nutrition value of veggie product with combination of meat. Hence, the company has taken initiatives to approach and invest in protein manufacturing which will further boost company’s sale along with profit.
Partnership, new product development and other strategies enhances the company market share with increased coverage and presence. It also provides the benefit for organisation to improve their offering for vegetable protein & meat ingredient.
Customization Available: Colombia Vegetable Protein and Meat Market
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