Market Size of Middle East & Africa Meat Substitute Industry
Study Period | 2019 - 2029 |
Base Year For Estimation | 2023 |
Forecast Data Period | 2024 - 2029 |
Historical Data Period | 2019 - 2022 |
CAGR | 8.64 % |
Market Concentration | Medium |
Major Players*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
MEA Meat Substitute Products Market Analysis
The Middle East and African meat substitute products market is projected to register a CAGR of 8.64% over the forecast period.
With the increase in global inhabitants settling in the Middle East and Africa, there has been increasing demand for various food products. Global campaigns and 'go vegetarian' promotions also influence the demand in these countries. Therefore, consumers are shifting toward vegetarian diets. Meat substitutes are also highly preferred by consumers. Market companies are launching products that are not only cooked like meat but are also healthier than meat. Products like seitan, tofu, mushrooms, tempeh, eggplant, jackfruit, lentils, eggplant, cauliflower, beans, and legumes are widely popular among vegan consumers.
People have begun to take responsibility for their health and well-being to avoid the risk of serious chronic diseases. People also avoid foods with more additives, paving the way for clean-labeled meat substitute products. Meat alternatives are likely to replace meat products in the region, with several restaurants launching vegetarian menus and customizing vegetarian foods as per the tastes of consumers. The predominantly consumed meat alternatives in the region are soy-based meat proteins. The region is experiencing many key players specializing in meat substitutes, which is likely to drive future market growth.