Saudi Arabia Meat Substitutes Market, By Type (Soy Products, Quorn, Tempeh, Tofu, Seitan and Others), By Source (Soy, Wheat, Mycoprotein and Others), By Category (Frozen, Refrigerated and Shelf-Stable), By Company and By Region, Forecast & Opportunities, 2024

Saudi Arabia Meat Substitutes Market is projected to grow at a robust CAGR over the next five years due to rising health-conscious customers, growing number of diseases such as high-blood pressure, diabetes, constipation etc. Furthermore, accessibility of meat substitute items with great flavours is increasing the value of its demand. By and large, customers lean toward meat choices that are delightful, more beneficial, and less expensive also. In this way, organizations are thinking of new tasty variant of meat choices, for example, vegetarian burgers, that taste, look, and furthermore cooked like meat, however more advantageous than meat. Items like tofu, mushrooms, jackfruit, eggplant, lentils, beans and vegetables, cauliflower, and others have been drifting among the vegetarian populace. Moreover, consumers are mainly attracted to soy-based meat products as they have high protein content. Hence, the increasing demand for soy-based meat drives the meat substitute market in Saudi Arabia.

Years considered for this report:

Historical Year : 2014-2017

Base Year : 2018

Estimated : 2019

Forecast : 2020-2024

Objective of the Study:

• To analyse and forecast the market size of Meat Substitutes, in terms of value and volume.
• To classify and forecast Saudi Arabia Meat Substitutes based on type, source, category and regional distribution.
• To identify drivers and challenges for Saudi Arabia Meat Substitutes.
• To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in Saudi Arabia Meat Substitutes.
• To conduct the pricing analysis for Meat Substitutes.
• To identify and analyse the profile of leading players involved in the manufacturing of Saudi Arabia Meat Substitutes.

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Some of the leading players in the Saudi Arabia Meat Substitutes market are VBites, Sonic Biochem Limited, MGP Ingredients, Beyond Meat, Amy’s Kitchen, Quorn Foods, The Nisshin Ollio Group, MGP Ingredients, ADM, Meatless etc.

TechSci Research performed both primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of manufacturers across Saudi Arabia. Subsequently, TechSci Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, TechSci Research could include the manufacturers which could not be identified due to the limitations of secondary research. TechSci Research analysed the service offerings, distribution channels and presence of all major collaboration manufacturers across Saudi Arabia.

TechSci Research calculated the market size of Saudi Arabia Meat Substitutes using a bottom-up approach, where data for various end user industries and its application across various product types were recorded and forecast for the future years. TechSci Research sourced these values from the industry experts and company representatives and externally validated through analysing historical data of these product types and applications for getting an appropriate, overall market size. Various secondary sources such as company website, news articles, press releases, company annual reports, investor presentations and financial reports were also used by TechSci Research.

Key Target Audience:

• Meat substitutes manufacturers
• Raw material suppliers
• Distributors and traders
• End users
• Food Retailers
• Research organizations and consulting companies.
• Research Institutes
• Industry associations
• Market research and consulting firm.

The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as collaboration service providers and partners, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.

Report Scope:

In this report, Saudi Arabia Meat Substitutes market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

• Market, By Type:
• Soy Products
• Quorn
• Tempeh
• Tofu
• Seitan
• Others
• Market, By Source:
• Soy
• Wheat
• Mycoprotein
• Others
• Market, By Category:
• Frozen
• Refrigerated
• Shelf-Stable
• Market, by Region:
• Western Region
• Central Region
• Southern Region
• Eastern Region
• Northern Region

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in Meat Substitutes.

Available Customizations:

With the given market data, TechSci Research offers customizations according the company’s specific needs. The following customization options are available for the report:

Company Information

• Detailed analysis and profiling of additional market players (up to five).

Profit Margin Analysis

• Profit margin analysis in case of direct and indirect sales channel.

In case you don’t find what you are looking for, please get in touch with our custom research team at sales@techsciresearch.com