UAE Meat Substitutes Market, By Type (Soy Products, Quorn, Tempeh, Tofu, Seitan & Others), By Source (Soy, Wheat, Mycoprotein & Others), By Category (Frozen, Refrigerated & Shelf-Stable), By Region, Competition Forecast & Opportunities, 2017-2027

UAE meat substitutes market is expected to grow at a formidable CAGR during the forecast period. The market growth can be attributed to the increasing awareness regarding personal health and well-being and changing eating patterns of consumers. Meat substitutes are less prone to the risk of food poisoning or contamination compared to actual meat products, whereas cultured meat has fewer chances of contamination or spoilage, which is enabling a positive impact on the meat substitute market. Besides, the rising trend of clean eating and growing plant-based meat substitutes introduced by market players to cater to the taste of the meat-eating population are expected to fuel the UAE meat substitutes market in the coming years. Growing demand for innovative food products across chilled, ambient, and frozen segments and an increasing number of online channels offering meat substitutes are likely to contribute to the market growth. Besides, supermarkets are also increasing shelf spaces for meat substitute products and consumers are shifting towards a flexitarian and vegan lifestyle, which is supporting the market growth.

Additionally, government and research institutes are working to identify new plant proteins and several companies are interested in the development of new plant-based meat products, which is supporting the UAE meat substitutes market growth. Expansion of processed and convenience food production and busy lifestyles are also supporting the growth. Moreover, the rising prevalence of lifestyle disorders such as diabetes, coronary heart diseases, hypertension, etc., linked to the consumption of high cholesterol diets and the emergence of many new human diseases associated with food derived from animal origin are expected to fuel the demand for meat substitutes. The rising popularity of veganism because of ethical, environmental, and health concerns and the introduction of meat substitutes at restaurants are propelling the growth of the UAE meat substitutes market.

UAE meat substitutes market is segmented on the basis of type, source, category, company, and region. Based on the type, the market is divided into soy products, Quorn, tempeh, tofu, seitan, and others. The soy products segment is anticipated to hold the largest share in the UAE meat substitutes market owing to their easy availability, economical production, and favorable organoleptic properties. Besides, the majority of meat substitutes are made from soy-based ingredients, which are high-quality complete protein sources containing all essential amino acids. Thus, the health-conscious population are increasingly turning to soy-based meat substitutes, which is expected to contribute to the segment dominance in the forecast period.

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.

Years considered for this report:

Historical Years: 2017-2020

Base Year: 2021

Estimated Year: 2022E

Forecast Period: 2023F-2027F

Objective of the Study:

• To analyze 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, company 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.
• To conduct the pricing analysis for UAE meat substitutes market.
• To identify and analyze the profile of leading players involved in the manufacturing of meat substitutes.

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 product offerings, distribution channels and presence of all major manufacturers across UAE.

TechSci Research calculated the market size of UAE Meat Substitutes Market using a bottom-up approach, where data for various end user industries and ross 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 analyzing historical data of these product types 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
• Distributors and traders
• End users
• Food Retailers
• Research organizations and consulting companies
• Research Institutes
• Industry associations
• Market research and consulting firms

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

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 UAE Meat Substitutes Market.

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.