Market Forecast By Type (Roasted, Non-Roasted), By Grain Size (Coarse Soy Grits, Medium Size Soy Grits, Fine Size Soy Grits), By Distribution Channel (Specialty Stores, Retail Stores, Online Retail Stores) And Competitive Landscape
|Product Code: ETC130050||Publication Date: Sep 2022||Product Type: Report|
|Publisher: 6Wresearch||No. of Pages: 70||No. of Figures: 35||No. of Tables: 5|
Colombia accounts for a majority of maize production globally. The country's favorable location and advantageous climate, combined with its vast land mass, make it possible to produce corn all year round. This emerging economy is also a major soybean producer. However, several health concerns are also associated with soy products. This factor is primarily due to the existence of phytoestrogens. Phytoestrogens are plant-based compounds that imitate the impact of estrogen in human beings. Phytoestrogens are associated with a number of health problems, including cancer and reproductive issues. As a result, many consumers are avoiding soy products altogether.
According to 6Wresearch, the Colombia Soy Grits Market size is likely to witness growth during 2022-2028. Soybean is a major source of food and oilseed in Colombia. The country has been a key exporter of soybean since the early 1990s. The country's production of soybean was 4,410 thousand metric tons in 2018, which increased to 4,675 thousand metric tons in 2019. This growth is primarily due to increase in cultivated area and yield improvements. Additionally, the majority of the soybean produced in Colombia is used for domestic consumption, with only a small portion being exported. The increasing need for animal feed is anticipated to drive the market for soy grits in Colombia. Soy grits are a by-product of soybean processing and are used as an ingredient in animal feed. They are a good source of protein. The demand for meat and dairy products is increasing in Colombia, which is expected to drive the demand for animal feed, and consequently, the demand for soy grits.
In recent years, there have been several new product launches and developments in the Colombia soy grits market. One of the most notable products is a new type of soy grits that are made with organic soybeans. Another new product in the market is a line of soy grits that are fortified with vitamins and minerals. This product is aimed at consumers who want to get the most nutrition possible from their food.
The Colombian soy grits market is highly competitive. The market has numerous suppliers, all of whom offer similar products. The market also has numerous private label brands, which are cheaper than the branded products. Private label brands have been able to gain a significant share of the market due to their low prices. Additionally, the players are adopting innovative growth strategy in the market and are focusing on the evolving market dynamics to enhance their share in the Colombia Soy Grits industry.
The outbreak of Coronavirus pandemic has resulted in a slowdown in the growth of the market. Lockdown were imposed throughout the country which resulted in halt in the production process. The entire supply chain was disrupted. However, the market growth has gained momentum in recent years and this development is likely to continue in upcoming years.
Major key players operating in the Colombia Soy Grits market are:
The report offers a broad study of the subsequent market segments:
Frequently Asked Questions About the Market Study: FAQs
1). Which product type accounts for the maximum market share in the Colombia Soy Grits market?
The non-roasted product accounts for the maximum market share in the Colombia Soy Grits market.
2). Does the report include the influence of COVID-19?
Yes, the report includes the influence of COVID-19.
3). Which distribution channel is projected to register the maximum growth rate?
By distribution channel, the retail stores are projected to record the maximum market share over the coming years.
4). What are the major companies operating in Colombia Soy Grits market?
Some of the major companies in the Colombia Soy Grits market are Cargill and Bunge.
5). Which grain size segment accounts for majority of the revenues in the market?
Currently, the Medium Size Soy Grits category accounts for the highest sales in the market.
|1 Executive Summary|
|2.1 Key Highlights of the Report|
|2.2 Report Description|
|2.3 Market Scope & Segmentation|
|2.4 Research Methodology|
|3 Colombia Soy Grits Market Overview|
|3.1 Colombia Country Macro Economic Indicators|
|3.2 Colombia Soy Grits Market Revenues & Volume, 2021 & 2028F|
|3.3 Colombia Soy Grits Market - Industry Life Cycle|
|3.4 Colombia Soy Grits Market - Porter's Five Forces|
|3.5 Colombia Soy Grits Market Revenues & Volume Share, By Type, 2021 & 2028F|
|3.6 Colombia Soy Grits Market Revenues & Volume Share, By Grain Size, 2021 & 2028F|
|3.7 Colombia Soy Grits Market Revenues & Volume Share, By Distribution Channel, 2021 & 2028F|
|4 Colombia Soy Grits Market Dynamics|
|4.1 Impact Analysis|
|4.2 Market Drivers|
|4.3 Market Restraints|
|5 Colombia Soy Grits Market Trends|
|6 Colombia Soy Grits Market, By Types|
|6.1 Colombia Soy Grits Market, By Type|
|6.1.1 Overview and Analysis|
|6.1.2 Colombia Soy Grits Market Revenues & Volume, By Type, 2018-2027F|
|6.1.3 Colombia Soy Grits Market Revenues & Volume, By Roasted, 2018-2027F|
|6.1.4 Colombia Soy Grits Market Revenues & Volume, By Non-Roasted, 2018-2027F|
|6.2 Colombia Soy Grits Market, By Grain Size|
|6.2.1 Overview and Analysis|
|6.2.2 Colombia Soy Grits Market Revenues & Volume, By Coarse Soy Grits, 2018-2027F|
|6.2.3 Colombia Soy Grits Market Revenues & Volume, By Medium Size Soy Grits, 2018-2027F|
|6.2.4 Colombia Soy Grits Market Revenues & Volume, By Fine Size Soy Grits, 2018-2027F|
|6.3 Colombia Soy Grits Market, By Distribution Channel|
|6.3.1 Overview and Analysis|
|6.3.2 Colombia Soy Grits Market Revenues & Volume, By Specialty Stores, 2018-2027F|
|6.3.3 Colombia Soy Grits Market Revenues & Volume, By Retail Stores, 2018-2027F|
|6.3.4 Colombia Soy Grits Market Revenues & Volume, By Online Retail Stores, 2018-2027F|
|7 Colombia Soy Grits Market Import-Export Trade Statistics|
|7.1 Colombia Soy Grits Market Export to Major Countries|
|7.2 Colombia Soy Grits Market Imports from Major Countries|
|8 Colombia Soy Grits Market Key Performance Indicators|
|9 Colombia Soy Grits Market - Opportunity Assessment|
|9.1 Colombia Soy Grits Market Opportunity Assessment, By Type, 2021 & 2028F|
|9.2 Colombia Soy Grits Market Opportunity Assessment, By Grain Size, 2021 & 2028F|
|9.3 Colombia Soy Grits Market Opportunity Assessment, By Distribution Channel, 2021 & 2028F|
|10 Colombia Soy Grits Market - Competitive Landscape|
|10.1 Colombia Soy Grits Market Revenue Share, By Companies, 2021|
|10.2 Colombia Soy Grits Market Competitive Benchmarking, By Operating and Technical Parameters|
|11 Company Profiles|