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.
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.
| Report Attribute | Details |
|---|---|
| Market size in 2021 | US$ 138.15 Million |
| Market Size by 2028 | US$ 379.17 Million |
| CAGR (2021 - 2028) | 15.5% |
| Historical Data | 2019-2020 |
| Forecast period | 2022-2028 |
| Segments Covered |
By Type
|
| Regions and Countries Covered |
Middle East and Africa
|
| Market leaders and key company profiles |
|
The Middle East & Africa Plant-Based Meat Products Market is valued at US$ 138.15 Million in 2021, it is projected to reach US$ 379.17 Million by 2028.
As per our report Middle East & Africa Plant-Based Meat Products Market, the market size is valued at US$ 138.15 Million in 2021, projecting it to reach US$ 379.17 Million by 2028. This translates to a CAGR of approximately 15.5% during the forecast period.
The Middle East & Africa Plant-Based Meat Products Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the Middle East & Africa Plant-Based Meat Products Market report:
The Middle East & Africa Plant-Based Meat Products Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The Middle East & Africa Plant-Based Meat Products Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the Middle East & Africa Plant-Based Meat Products Market value chain can benefit from the information contained in a comprehensive market report.
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