The MEA plant-based meat products market is expected to grow from US$ 138.15 million in 2021 to US$ 379.17 million by 2028; it is estimated to grow at a CAGR of 15.5% from 2021 to 2028
Plant-based meat is gaining huge traction across the MEA as consumers in the region are reducing their meat consumption to lead a sustainable and healthy life. To address the augmenting demand for plant-based meat, many companies are expanding their operations in the MEA. The expansion of VBites in the region would open significant growth opportunities for the company in the coming years. Thus, the surging demand for plant-based meat in emerging regions is expected to provide a strong market potential during the forecast period.
With the new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the MEA plant-based meat products market in the coming years . The market is expected to grow at a good CAGR during the forecast period.
Kellogg’s Company, Tofurky, VBites Foods Ltd, Quorn, and Impossible Foods Inc. by Altair are among the leading companies in the MEA plant-based meat products market.
Plant-based meat is gaining huge traction across the MEA as consumers in the region are reducing their meat consumption to lead a sustainable and healthy life. To address the augmenting demand for plant-based meat, many companies are expanding their operations in the MEA. The expansion of VBites in the region would open significant growth opportunities for the company in the coming years. Thus, the surging demand for plant-based meat in emerging regions is expected to provide a strong market potential during the forecast period.
With the new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the MEA plant-based meat products market in the coming years . The market is expected to grow at a good CAGR during the forecast period.
MEA Plant-based Meat Products Market Segmentation
The MEA plant-based meat products Market is segmented based on by type, category, distribution channel, and country. Based on type, the MEA plant-based meat products Market is divided into patties, nuggets, meatballs, sausages, and others. The patties dominated the MEA plant-based meat products Market in 2020. Based on category, the MEA plant-based meat products Market is categorized into frozen, refrigerated, and ambient. The frozen segment dominated the MEA plant-based meat products Market in 2020. Based on distribution channel, the MEA plant-based meat products Market is categorized into supermarkets and hypermarkets, convenience stores, online retail, and others. The supermarkets and hypermarkets segment dominated the MEA plant-based meat products Market in 2020. Based on country, the MEA plant-based meat products Market is segmented into South Africa, Saudi Arabia, the UAE, and Rest of MEA. The Rest of MEA segment dominated the MEA plant-based meat products Market in 2020.Kellogg’s Company, Tofurky, VBites Foods Ltd, Quorn, and Impossible Foods Inc. by Altair are among the leading companies in the MEA plant-based meat products market.
Table of Contents
1. Introduction1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Scope of the Study
3.2 Research Methodology
3.2.1 Data Collection:
3.2.2 Primary Interviews:
3.2.3 Hypothesis Formulation:
3.2.4 Macro-economic Factor Analysis:
3.2.5 Developing Base Number:
3.2.6 Data Triangulation:
3.2.7 Country Level Data:
4. MEA Plant Based Meat Products Market Landscape
4.1 Market Overview
4.2 Porter's Five Forces Analysis
4.2.1 Bargaining Power of Suppliers
4.2.2 Bargaining Power of Buyers
4.2.3 Threat of New Entrants
4.2.4 Competitive Rivalry
4.2.5 Threat of Substitutes
4.3 Expert Opinion
4.4 Value Chain Analysis
4.4.1 Raw Material
4.4.2 Manufacturing/Processing
4.4.3 Packaging
5. MEA Plant Based Meat Products Market - Key Market Dynamics
5.1 Market Drivers
5.1.1 Developing Importance of Environment Sustainability
5.1.2 Expanding Veganism and Vegetarianism Trends
5.2 Market Restraints
5.2.1 Product Price is High
5.3 Market Opportunities
5.3.1 Upsurging Demand in Emerging MEA Region
5.4 Future Trends
5.4.1 New Product Introduction
5.5 Impact Analysis of Drivers and Restraints
6. Plant Based Meat Products - MEA Market Analysis
6.1 MEA Plant Based Meat Products Market -Revenue and Forecast to 2028 (US$ Million)
7. MEA Plant Based Meat Products Market Analysis - By Type
7.1 Overview
7.2 MEA Plant Based Meat Products Market, By Type (2020 and 2028)
7.3 Patties
7.3.1 Overview
7.3.2 Patties: Plant Based Meat Products Market - Revenue and Forecast to 2028 (US$ Million)
7.4 Nuggets
7.4.1 Overview
7.4.2 Nuggets: Plant Based Meat Products Market - Revenue and Forecast to 2028 (US$ Million)
7.5 Meatballs
7.5.1 Overview
7.5.2 Meatballs: Plant Based Meat Products Market - Revenue and Forecast to 2028 (US$ Million)
7.6 Sausages
7.6.1 Overview
7.6.2 Sausages: Plant Based Meat Products Market - Revenue and Forecast to 2028 (US$ Million)
7.7 Others
7.7.1 Overview
7.7.2 Others: Plant Based Meat Products Market - Revenue and Forecast to 2028 (US$ Million)
8. MEA Plant Based Meat Products Market Analysis - By Category
8.1 Overview
8.2 MEA Plant Based Meat Products Market, By Category (2020 and 2028)
8.3 Frozen
8.3.1 Overview
8.3.2 Frozen: Plant Based Meat Products Market - Revenue and Forecast to 2028 (US$ Million)
8.4 Refrigerated
8.4.1 Overview
8.4.2 Refrigerated: Plant Based Meat Products Market - Revenue and Forecast to 2028 (US$ Million)
8.5 Ambient
8.5.1 Overview
8.5.2 Ambient: Plant Based Meat Products Market - Revenue and Forecast to 2028 (US$ Million)
9. MEA Plant Based Meat Products Market Analysis - By Distribution Channel
9.1 Overview
9.2 MEA Plant Based Meat Products Market, By Distribution Channel (2020 and 2028)
9.3 Supermarkets and Hypermarkets
9.3.1 Overview
9.3.2 Supermarkets and Hypermarkets: Plant Based Meat Products Market- Revenue and Forecast to 2028 (US$ Million)
9.4 Convenience Stores
9.4.1 Overview
9.4.2 Convenience Stores: Plant Based Meat Products Market- Revenue and Forecast to 2028 (US$ Million)
9.5 Online Retail
9.5.1 Overview
9.5.2 Online Retail: Plant Based Meat Products Market- Revenue and Forecast to 2028 (US$ Million)
9.6 Others
9.6.1 Overview
9.6.2 Others: Plant Based Meat Products Market- Revenue and Forecast to 2028 (US$ Million)
10. MEA Plant Based Meat Products Market - Country Analysis
10.1 Middle East & Africa Plant Based Meat Products Market Revenue and Forecasts to 2028
10.1.1 MEA Plant Based Meat Products Market Breakdown, by Key Countries
10.1.1.1 South Africa Plant Based Meat Products Market Revenue Forecasts to 2028 (US$ Million)
10.1.1.1.1 South Africa Plant Based Meat Products Market Breakdown by Type
10.1.1.1.2 South Africa Plant Based Meat Products Market Breakdown by Category
10.1.1.1.3 South Africa Plant Based Meat Products Market Breakdown by Distribution Channel
10.1.1.2 Saudi Arabia Plant Based Meat Products Market Revenue Forecasts to 2028 (US$ Million)
10.1.1.2.1 Saudi Arabia Plant Based Meat Products Market Breakdown by Type
10.1.1.2.2 Saudi Arabia Plant Based Meat Products Market Breakdown by Category
10.1.1.2.3 Saudi Arabia Plant Based Meat Products Market Breakdown by Distribution Channel
10.1.1.3 UAE Plant Based Meat Products Market Revenue Forecasts to 2028 (US$ Million)
10.1.1.3.1 UAE Plant Based Meat Products Market Breakdown by Type
10.1.1.3.2 UAE Plant Based Meat Products Market Breakdown by Category
10.1.1.3.3 UAE Plant Based Meat Products Market Breakdown by Distribution Channel
10.1.1.4 Rest of the Middle East & Africa Plant Based Meat Products Market Revenue Forecasts to 2028 (US$ Million)
10.1.1.4.1 Rest of the Middle East & Africa Plant Based Meat Products Market Breakdown by Type
10.1.1.4.2 Rest of the Middle East & Africa Plant Based Meat Products Market Breakdown by Category
10.1.1.4.3 Rest of the Middle East & Africa Plant Based Meat Products Market Breakdown by Distribution Channel
11. Industry Landscape
11.1 Overview
11.2 Market Initiative
11.3 New Product Development
12. Company Profiles
12.1 Kellogg's Company
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Products and Services
12.1.4 Financial Overview
12.1.5 SWOT Analysis
12.1.6 Key Developments
12.2 Tofurky
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Products and Services
12.2.4 Financial Overview
12.2.5 SWOT Analysis
12.2.6 Key Developments
12.3 VBites Foods Ltd
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Products and Services
12.3.4 Financial Overview
12.3.5 SWOT Analysis
12.3.6 Key Developments
12.4 Quorn
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Products and Services
12.4.4 Financial Overview
12.4.5 SWOT Analysis
12.4.6 Key Developments
12.5 Impossible Foods Inc.
12.5.1 Key Facts
12.5.2 Business Description
12.5.3 Products and Services
12.5.4 Financial Overview
12.5.5 SWOT Analysis
12.5.6 Key Developments
13. Appendix
13.1 About The Insight Partners
13.2 Word IndexList of Figures
Figure 1. MEA Plant Based Meat Products Market Segmentation
Figure 2. MEA Plant Based Meat Products Market Segmentation - By Country
Figure 3. MEA Plant Based Meat Products Market Overview
Figure 4. MEA Plant Based Meat Products Market: By Type
Figure 5. MEA Plant Based Meat Products Market: By Country
Figure 6. MEA Porter's Five Forces Analysis
Figure 7. MEA Expert Opinion
Figure 8. MEA Value Chain: Plant-based Meat Patties
Figure 9. MEA Plant-Based Meat Products Market Impact Analysis of Drivers and Restraints
Figure 10. MEA: Plant Based Meat Products Market - Revenue and Forecast to 2028 (US$ Million)
Figure 11. MEA Plant Based Meat Products Market Revenue Share, By Type (2020 and 2028)
Figure 12. MEA Patties: Plant Based Meat Products Market - Revenue and Forecast To 2028 (US$ Million)
Figure 13. MEA Nuggets: Plant Based Meat Products Market - Revenue and Forecast To 2028 (US$ Million)
Figure 14. MEA Meatballs: Plant Based Meat Products Market - Revenue and Forecast To 2028 (US$ Million)
Figure 15. MEA Sausages: Plant Based Meat Products Market - Revenue and Forecast To 2028 (US$ Million)
Figure 16. MEA Others: Plant Based Meat Products Market - Revenue and Forecast To 2028 (US$ Million)
Figure 17. MEA Plant Based Meat Products Market Revenue Share, By Category (2020 and 2028)
Figure 18. MEA Frozen: Plant Based Meat Products Market - Revenue and Forecast To 2028 (US$ Million)
Figure 19. MEA Refrigerated: Plant Based Meat Products Market - Revenue and Forecast To 2028 (US$ Million)
Figure 20. MEA Ambient: Plant Based Meat Products Market - Revenue and Forecast To 2028 (US$ Million)
Figure 21. MEA Plant Based Meat Products Market Revenue Share, By Distribution Channel (2020 and 2028)
Figure 22. MEA Supermarkets and Hypermarkets: Plant Based Meat Products Market- Revenue and Forecast To 2028 (US$ Million)
Figure 23. MEA Convenience Stores: Plant Based Meat Products Market- Revenue and Forecast To 2028 (US$ Million)
Figure 24. MEA Online Retail: Plant Based Meat Products Market- Revenue and Forecast To 2028 (US$ Million)
Figure 25. MEA Others: Plant Based Meat Products Market- Revenue and Forecast To 2028 (US$ Million)
Figure 26. MEA Plant Based Meat Products Market, by Key Country - Revenue (2020) (US$ Million)
Figure 27. MEA Plant Based Meat Products Market Breakdown by Key Countries, 2020 & 2028 (%)
Figure 28. South Africa Plant Based Meat Products Market Forecasts to 2028 (US$ Million)
Figure 29. Saudi Arabia Plant Based Meat Products Market Forecasts to 2028 (US$ Million)
Figure 30. UAE Plant Based Meat Products Market Forecasts to 2028 (US$ Million)
Figure 31. Rest of the Middle East & Africa Plant Based Meat Products Market Forecasts to 2028 (US$ Million)
List of Tables
Table 1. MEA Plant Based Meat Products Market -Revenue and Forecast to 2028 (US$ Million)
Table 2. MEA Plant Based Meat Products Market, by Type- Revenue and Forecast to 2028 (US$ Million)
Table 3. MEA Plant Based Meat Products Market, by Category- Revenue and Forecast to 2028 (US$ Million)
Table 4. MEA Plant Based Meat Products Market, by Distribution Channel - Revenue and Forecast to 2028 (US$ Million)
Table 5. South Africa Plant Based Meat Products Market Revenue and Forecasts to 2028 - By Type (US$ Million)
Table 6. South Africa Plant Based Meat Products Market Revenue and Forecasts to 2028 - By Category (US$ Million)
Table 7. South Africa Plant Based Meat Products Market Revenue and Forecasts to 2028 - By Distribution Channel (US$ Million)
Table 8. Saudi Arabia Plant Based Meat Products Market Revenue and Forecasts to 2028 - By Type (US$ Million)
Table 9. Saudi Arabia Plant Based Meat Products Market Revenue and Forecasts to 2028 - By Category (US$ Million)
Table 10. Saudi Arabia Plant Based Meat Products Market Revenue and Forecasts to 2028 - By Distribution Channel (US$ Million)
Table 11. UAE Plant Based Meat Products Market Revenue and Forecasts to 2028 - By Type (US$ Million)
Table 12. UAE Plant Based Meat Products Market Revenue and Forecasts to 2028 - By Category (US$ Million)
Table 13. UAE Plant Based Meat Products Market Revenue and Forecasts to 2028 - By Distribution Channel (US$ Million)
Table 14. Rest of the Middle East & Africa Plant Based Meat Products Market Revenue and Forecasts to 2028 - By Type (US$ Million)
Table 15. Rest of the Middle East & Africa Plant Based Meat Products Market Revenue and Forecasts to 2028 - By Category (US$ Million)
Table 16. Rest of the Middle East & Africa Plant Based Meat Products Market Revenue and Forecasts to 2028 - By Distribution Channel (US$ Million)
Table 17. List of Abbreviation
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Kellogg’s Company
- Tofurky
- VBites Foods Ltd
- Quorn
- Impossible Foods Inc.
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 108 |
| Published | August 2022 |
| Forecast Period | 2022 - 2028 |
| Estimated Market Value ( USD | $ 138.15 Million |
| Forecasted Market Value ( USD | $ 379.17 Million |
| Compound Annual Growth Rate | 15.5% |
| Regions Covered | Africa, Middle East |
