UAE meat substitutes market is expected
to grow at a strong CAGR over the next five years due to growing concerns about
meat consumption and the rising trend of clean eating. People who consume meat
consistently are more likely to fall vulnerable to chronic disorders such as
obesity, atherosclerosis, diabetes. Besides, increasing awareness about
personal health and rising population of vegans and vegetarians are expected to
propel the meat substitutes market in UAE over the next five years. Moreover, increasing
health fears about consumption of meat joined with several animal diseases in
the recent past is stimulating the growth of the UAE meat substitutes market.
Rising trend of clean eating among consumers and enhanced awareness regarding
ingredients that offer nutrition are creating a greater demand for plant-based
meat substitutes. Introduction of innovative meat substitute products with
great taste and flavour and rise in demand for chilled, ambient, and frozen
segments. Growing preference for plant-based protein and technological
advancements in extrusion and processing are expected to accelerate UAE meat
substitutes market. Increasing allergic concerns among consumers for soy
products and high cost of pea might hinder the growth of UAE meat substitutes
market. However, high processing cost and low acceptance might restrict the
growth of UAE meat substitutes market.
UAE meat substitutes market is segmented
on the basis of type, source, category, company, and region. Based on type, the
market is divided into soy products, quorn, tempeh, tofu, seitan, and others.
Based on source, the market is fragmented into soy, wheat, mycoprotein, and
others. The soy-based ingredients are dominating the UAE meat substitutes
market owing to their easy availability and advanced processing technologies. Based
on category, the market is sub-divided into frozen, refrigerated and shelf
stable.
Some of the leading players in the UAE Meat
Substitutes market are Beyond Meat, Amy’s Kitchen, Quorn Foods, The Nisshin
Ollio Group, MGP Ingredients, ADM, Meatless VBites, Sonic Biochem Limited, MGP
Ingredients, etc.
Objective of the Study:
- To analyse and forecast the market size of UAE meat substitutes
market, in terms of value and volume.
- To classify and forecast UAE meat substitutes market based on type,
source, category and regional distribution.
- To identify drivers and challenges for UAE meat substitutes market.
- To examine competitive developments such as expansions, new product
launches, mergers & acquisitions, etc., in UAE meat substitutes market.
- To conduct the pricing analysis for UAE meat substitutes market.
- To identify and analyse the profile of leading players involved in
the manufacturing of UAE meat substitutes market.
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TechSci Research performed both primary as well as
exhaustive secondary research for this study. Initially, TechSci Research
sourced a list of manufacturers across UAE. 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 UAE.
TechSci
Research calculated the market size of UAE 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.
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Attribute
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Details
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Base Year
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2022
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Historical Data
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2018 – 2021
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Estimated Year
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2023
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Forecast Period
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2024 – 2028
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Quantitative Units
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Revenue in USD Million, Volume in
Units and CAGR for 2018-2022 and 2023E-2028F
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Report coverage
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Revenue forecast, volume forecast,
company share, competitive landscape, growth factors, and trends
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Segments covered
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·
Type
·
Source
·
Category
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Regional scope
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Dubai, Abu Dhabi, Sharjah, Rest of UAE
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Key companies profiled
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Beyond Meat, Amy’s Kitchen, Quorn
Foods, The Nisshin Ollio Group, MGP Ingredients, ADM, Meatless VBites, Sonic
Biochem Limited, MGP Ingredients
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Customization scope
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10% free report customization with
purchase. Addition or alteration to country, regional & segment scope.
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Pricing and purchase options
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Avail customized purchase options to
meet your exact research needs. Explore purchase options
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Delivery Format
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PDF and Excel through Email (We can
also provide the editable version of the report in PPT/Word format on special
request)
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Report Scope:
In this report, UAE meat substitutes market has been
segmented into following categories, in addition to the industry trends which
have also been detailed below:
- UAE meat substitutes Market, By
Type:
- Soy Products
- Quorn
- Tempeh
- Tofu
- Seitan
- Others
- UAE meat substitutes Market, By Source:
- Soy
- Wheat
- Mycoprotein
- Others
- UAE meat substitutes Market, By Category:
- Frozen
- Refrigerated
- Shelf-Stable
- UAE meat substitutes Market, by
Region:
- Dubai
- Abu Dhabi
- Sharjah
- Rest of UAE
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.
It is an upcoming report to be released soon. If you wish an early delivery
of this report or want to confirm the date of release, please contact us at [email protected]