Middle East & Africa Plant-Based Ham Market Forecast to 2028 – COVID-19 Impact and Regional Analysis – by Product Type (Slices and Strips, Rolls, and Roasts) and Distribution Channel (Supermarkets and Hypermarkets, Convenience Stores, Online Retail, and Others)
The Middle East & Africa plant-based ham market is expected to grow from US$ 5.94 million in 2022 to US$ 11.44 million by 2028. It is estimated to grow at a CAGR of 11.5% from 2022 to 2028.
Surging Demand in Developed Economies is Expected to Provide Lucrative Growth Opportunities to the Middle East & Africa Plant-Based Ham Market Over the Forecast Period
Plant-based ham is gaining huge traction across several countries as consumers in the region are reducing their meat, pork, and beef consumption in an attempt to lead a sustainable and healthy life. Moreover, consumers in developed countries pay more attention to product labels and ingredients used in processed food products. Plant-based, and organic products are gaining popularity owing to their perceived health benefits. Organic plant-based ham is free of pesticides, chemical fertilizers, and genetically modified organisms (GMOs). These benefits add to the popularity of organic plant-based ham among consumers who are ready to pay high prices. Moreover, consumers increasingly prefer clean-label plant-based products that are free of synthetic flavors, colors, and other food additives. They focus on holistic and conscious consumption and prefer products with ethically sourced ingredients. Thus, the increasing demand for clean-label and organic plant-based food products is expected to provide lucrative growth opportunities to the Middle East & Africa plant-based ham market over the forecast period.
Middle East & Africa Plant-Based Ham Market Overview
The Middle East & Africa plant-based ham market is segmented into South Africa, and the rest of the Middle East & Africa. Vegan food products are becoming widely popular in the region with the growing consumer preference for plant-based food. Additionally, the benefits of cholesterol-free protein, with a pork-like texture, are triggering the demand for plant-based ham. Consumers appreciate the fact that manufacturers of alternative products are more respectful toward the environment and contribute to animal welfare. Furthermore, the functional efficacy and high sustainability claims associated with plant-derived products are propelling the plant-based ham market in the Middle East & Africa. Upon the onset of the COVID-19 pandemic, concerns about the consumption of conventional animal-based products have increased in the Middle East. In December 2019, Beyond Meat signed a distribution agreement with Mezzan Holding, one of the Gulf's major manufacturers and distributors of food, beverage, and FMCG products. Mezzan will handle the distribution of Beyond Meat products across the Gulf region, beginning with Kuwait and the UAE. Such initiatives by plant-based meat product manufacturers are likely to boost the Middle East & Africa plant-based ham market over the coming years.
Middle East & Africa Plant-Based Ham Market Revenue and Forecast to 2028 (US$ Million)
Get more information on this report :
Middle East & Africa Plant-Based Ham Market Segmentation
The Middle East & Africa plant-based ham market is segmented into product type, distribution channel, and country.
Based on product type, the Middle East & Africa plant-based ham market is segmented into slices and strips, rolls, and roasts. In 2022, the rolls segment registered a largest share in the Middle East & Africa plant-based ham market.
Based on distribution channel, the Middle East & Africa plant-based ham market is segmented into supermarkets and hypermarkets, convenience stores, online retail, and others. In 2022, the supermarkets and hypermarkets segment registered a largest share in the Middle East & Africa plant-based ham market.
Based on country, the Middle East & Africa plant-based ham market is bifurcated into South Africa and the Rest of the Middle East & Africa. In 2022, the Rest of the Middle East & Africa segment registered a larger share in the Middle East & Africa plant-based ham market.
Hain Celestial Canada ULC; Nestle SA; Quorn Foods Ltd; and VBites Foods Ltd are the leading companies operating in the Middle East & Africa plant-based ham market.
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
1.3.1 Middle East Africa Plant-Based Ham Market, by Product Type
1.3.2 Middle East Africa Plant-Based Ham Market, by Distribution Channel
1.3.3 Middle East Africa Plant-Based Ham Market, by Country
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. Middle East Africa Plant-Based Ham 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 Ecosystem Analysis
4.3.1 Major Raw Material
4.3.2 Manufacturing/Processing
4.3.3 Packaging
4.4 Expert Opinions
5. Middle East Africa Plant-Based Ham Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Environmental Impact of Livestock Industry and Acceptance of Sustainable Food Habits
5.1.2 Switch to Vegetarianism and Veganism
5.2 Market Restraints
5.2.1 Limited Availability in Emerging Economies
5.3 Market Opportunities
5.3.1 Surging Demand in Developed Economies
5.4 Future Trends
5.4.1 Product Innovation
5.5 Impact Analysis of Drivers and Restraints
6. Plant-Based Ham– Middle East Africa Market Analysis
6.1 Middle East Africa Plant-Based Ham Market –Revenue and Forecast to 2028 (US$ Million)
7. Middle East Africa Plant-Based Ham Market Analysis – By Product Type
7.1 Overview
7.2 Middle East Africa Plant-Based Ham Market, By Product Type (2021 and 2028)
7.3 Slices and Strips
7.3.1 Overview
7.3.2 Slices and Strips: Middle East Africa Plant-Based Ham Market – Revenue and Forecast to 2028 (US$ Mn)
7.4 Rolls
7.4.1 Overview
7.4.2 Rolls: Middle East Africa Plant-Based Ham Market – Revenue and Forecast to 2028 (US$ Mn)
7.5 Roasts
7.5.1 Overview
7.5.2 Roasts: Middle East Africa Plant-Based Ham Market – Revenue and Forecast to 2028 (US$ Mn)
8. Middle East Africa Plant-Based Ham Market Analysis – By Distribution Channel
8.1 Overview
8.2 Middle East Africa Plant-Based Ham Market, By Distribution Channel (2021 and 2028)
8.3 Supermarkets and Hypermarkets
8.3.1 Overview
8.3.2 Supermarkets and Hypermarkets: Middle East Africa Plant-Based Ham Market– Revenue and Forecast to 2028 (US$ Mn)
8.4 Convenience Stores
8.4.1 Overview
8.4.2 Convenience Stores: Middle East Africa Plant-Based Ham Market– Revenue and Forecast to 2028 (US$ Mn)
8.5 Online Retail
8.5.1 Overview
8.5.2 Online Retail: Middle East Africa Plant-Based Ham Market– Revenue and Forecast to 2028 (US$ Mn)
8.6 Others
8.6.1 Overview
8.6.2 Others: Middle East Africa Plant-Based Ham Market– Revenue and Forecast to 2028 (US$ Mn)
9. Middle East Africa Plant-Based Ham Market – Country Analysis
9.1 Overview
9.1.1 Middle East & Africa: Plant-Based Ham Market, by Key Country
9.1.1.1 South Africa: Plant-Based Ham Market –Revenue and Forecast to 2028 (US$ Million)
9.1.1.1.1 South Africa: Plant-Based Ham Market, By Product Type
9.1.1.1.2 South Africa: Plant-Based Ham Market, by Distribution Channel
9.1.1.2 Rest of Middle East and Africa: Plant-Based Ham Market –Revenue and Forecast to 2028 (US$ Million)
9.1.1.2.1 Rest of Middle East and Africa: Plant-Based Ham Market, By Product Type
9.1.1.2.2 Rest of Middle East and Africa: Plant-Based Ham Market, by Distribution Channel
10. Industry Landscape
10.1 Product launch
10.2 Collaboration
10.3 Partnership
11. Company Profiles
11.1 Hain Celestial Canada ULC
11.1.1 Key Facts
11.1.2 Business Description
11.1.3 Products and Services
11.1.4 Financial Overview
11.1.5 SWOT Analysis
11.1.6 Key Developments
11.2 VBites Foods Ltd
11.2.1 Key Facts
11.2.2 Business Description
11.2.3 Products and Services
11.2.4 Financial Overview
11.2.5 SWOT Analysis
11.2.6 Key Developments
11.3 Nestle SA
11.3.1 Key Facts
11.3.2 Business Description
11.3.3 Products and Services
11.3.4 Financial Overview
11.3.5 SWOT Analysis
11.3.6 Key Developments
11.4 Quorn Foods Ltd
11.4.1 Key Facts
11.4.2 Business Description
11.4.3 Products and Services
11.4.4 Financial Overview
11.4.5 SWOT Analysis
11.4.6 Key Developments
12. Appendix
12.1 About The Insight Partners
12.2 Glossary of Terms
LIST OF TABLES
Table 1. Middle East Africa Plant-Based Ham Market –Revenue and Forecast to 2028 (US$ Million)
Table 2. South Africa Plant-Based Ham Market, By Product Type – Revenue and Forecast to 2028 (US$ Million)
Table 3. South Africa Plant-Based Ham Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Million)
Table 4. Rest of Middle East and Africa Plant-Based Ham Market, By Product Type – Revenue and Forecast to 2028 (US$ Million)
Table 5. Rest of Middle East and Africa Plant-Based Ham Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Million)
Table 6. Glossary of Terms, Middle East Africa Plant-Based Ham Market
LIST OF FIGURES
Figure 1. Middle East Africa Plant-Based Ham Market Segmentation
Figure 2. Middle East Africa Plant-Based Ham Market Segmentation – By Country
Figure 3. Middle East Africa Plant-Based Ham Market Overview
Figure 4. Middle East Africa Plant-Based Ham Market, By Product Type
Figure 5. Middle East Africa Plant-Based Ham Market, by Country
Figure 6. Porter's Five Forces Analysis
Figure 7. Ecosystem: Middle East Africa Plant Based Ham Market
Figure 8. Expert Opinions
Figure 9. Middle East Africa Plant-Based Ham Market Impact Analysis of Drivers and Restraints
Figure 10. Middle East Africa Plant-Based Ham Market – Revenue and Forecast to 2028 (US$ Million)
Figure 11. Middle East Africa Plant-Based Ham Market Revenue Share, By Product Type (2021 and 2028)
Figure 12. Slices and Strips: Middle East Africa Plant-Based Ham Market – Revenue and Forecast to 2028 (US$ Mn)
Figure 13. Rolls: Middle East Africa Plant-Based Ham Market – Revenue and Forecast to 2028 (US$ Mn)
Figure 14. Roasts: Middle East Africa Plant-Based Ham Market – Revenue and Forecast to 2028 (US$ Mn)
Figure 15. Middle East Africa Plant-Based Ham Market Revenue Share, By Distribution Channel (2021 and 2028)
Figure 16. Supermarkets and Hypermarkets: Middle East Africa Plant-Based Ham Market– Revenue and Forecast to 2028 (US$ Mn)
Figure 17. Convenience Stores: Middle East Africa Plant-Based Ham Market– Revenue and Forecast to 2028 (US$ Mn)
Figure 18. Online Retail: Middle East Africa Plant-Based Ham Market– Revenue and Forecast to 2028 (US$ Mn)
Figure 19. Others: Middle East Africa Plant-Based Ham Market– Revenue and Forecast to 2028 (US$ Mn)
Figure 20. Middle East & Africa: Plant-Based Ham Market Revenue Share, by Key Country - Revenue (2021) (US$ Million)
Figure 21. Middle East & Africa: Plant-Based Ham Market Revenue Share, by Key Country (2021 and 2028)
Figure 22. South Africa: Plant-Based Ham Market –Revenue and Forecast to 2028 (US$ Million)
Figure 23. Rest of Middle East and Africa: Plant-Based Ham Market –Revenue and Forecast to 2028 (US$ Million)
- Hain Celestial Canada ULC
- Nestle SA
- Quorn Foods Ltd
- VBites Foods Ltd
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the Middle East & Africa plant-based ham market.
- Highlights key business priorities in order to assist companies to realign their business strategies
- The key findings and recommendations highlight crucial progressive industry trends in the Middle East & Africa plant-based ham market, thereby allowing players across the value chain to develop effective long-term strategies
- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
- Scrutinize in-depth Middle East & Africa market trends and outlook coupled with the factors driving the plant-based ham market, as well as those hindering it
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing, and distribution.