Columbia Vegetable Protein and Meat Market By 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) – Industry Trends and Forecast to 2029.
Vegetable Protein and Meat Market Analysis and Size
Vegetable protein is essential in vegan or vegetarian diets. People frequently turn to vegetable protein to achieve the proper nutritional profile that a strict vegan diet may produce. As the vegan population grows, a growing number of businesses are attempting to adapt to the changing food culture by introducing more vegetable protein products to the market.
Data Bridge Market Research analyses that the 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. The market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, patent analysis and consumer behaviour.
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.
Vegetable Protein and Meat Market Scope and Segmentation
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Report Metric
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Details
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Forecast Period
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2022 to 2029
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Base Year
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2021
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Historic Years
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2020 (Customizable to 2014 - 2019)
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Quantitative Units
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Revenue in USD Million, Volumes in Units, Pricing in USD
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Segments Covered
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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)
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Market Players Covered
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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), and Hung Yang Foods (Taiwan)
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Opportunities
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Vegetable Protein and Meat Market Dynamics
Drivers
- Rising cases of obesity as well as increasing public awareness
Rising obesity rates globally, increased public awareness of health and fitness, increased importance of plant-based nutrition, and the expansion of the nutrition industry are just a few of the factors that will likely drive the growth of the vegetable protein and meat market.
- Diversification of product and increase in supply chains
Textured vegetable protein production is increasing to meet the growing demand for snacks among the millennial population. According to research, millennials prefer high-protein snacks more than any other age group. As a result, ingredient companies are developing nutritional bars to meet consumers' 'on-the-go' snacking needs.
Furthermore, due to the market's increased demand for nutritional foods, demand for vegetable protein and meat is expected to rise. Consumers are shifting their focus toward healthy diets and increasing their protein intake as they become more aware of the benefits of nutritional and health products. This, in turn, significantly contributes to the growth of the vegetable protein and meat markets.
Opportunity
The growing vegan and flexitarian population is expected to drive the vegetable protein and meat market. Due to the global increase in vegetarianism, opportunities for members in the vegetable proteins market abound. Customers of the modern generation are more aware than ever of the negative impact that a non-vegetarian diet has on the world and are shifting toward a more sustainable vegetarian/vegan diet.
Restraints
Vegetable-sourced ingredients have functional health benefits and essential minerals; however, in several cases, their consumption has been linked to human allergies, limiting market growth. Furthermore, soy protein contains a high concentration of phytic acid, which has the potential to inhibit mineral absorption such as calcium, magnesium, copper, iron, and zinc. As a result of soy allergy, humans may experience itching and hives. Other symptoms include bloating, diarrhoea, nausea, and abdominal pain.
This vegetable protein and meat market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the vegetable protein and meat market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
COVID-19 Impact on Vegetable Protein and Meat Market
The COVID-19 outbreak has placed significant strain on the food and nutraceutical industries. Doctors, nurses, other medical professionals, hygiene workers or sweepers, and others are among those working hard to halt the spread of the novel coronavirus. Government agencies have advised citizens to eat a healthy and nutritious diet to combat the disease. This is expected to increase demand for vegetable protein and meat, both of which promote good health and optimal body function by supplying essential nutrients. Protein derived from vegetables is required to grow and repair human cells and tissues. Plant protein promotes weight loss while also providing the building blocks for healthy muscles and tissues.
Recent Development
- In January 2020, Roquette and Beyond Meat (U.S.) formed a partnership agreement to significantly increase the supply of pea protein due to rising demand in North America and Europe.
- Cargill, Incorporated launched PlantEver, a plant-based protein consumer brand in China, in June 2020. It is a highlighted product that can meet consumer demand for nutritious protein. This product provides alternatives to chicken and beef. In China, this product will provide the nutritional value of a veggie product with a meat combination. As a result, the company has taken steps to approach and invest in protein manufacturing, which will increase the company's sales and profit.
Columbia Vegetable Protein and Meat Market Scope
The vegetable protein and meat market is segmented on the basis of type of protein, beef meat, form, end use and distribution channel. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Type of protein
- Soy Protein
- Pea Protein
- Wheat Protein
- Others
Beef meat
- Frozen meat
- Fresh meat
Distribution channel
- Supermarket
- Online stores
- Dtc
- Others
Form
- Flakes
- Chunks
- Granules
- Other
End use
- Household
- Commercial
- Industrial
Vegetable Protein and Meat Market Regional Analysis/Insights
The vegetable protein and meat market is analysed and market size insights and trends are provided by country, type of protein, beef meat, form, end use and distribution channel as referenced above.
The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of Columbia brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Vegetable Protein and Meat Market Share Analysis
The vegetable protein and 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, Columbia presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to vegetable protein and meat market.
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)
- La Troja (Spain)
- Hung Yang Foods (Taiwan)
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