Saudi Arabia meat substitutes market is projected
to grow at a robust rate over the next five years due to rising
health-conscious customers and growing number of chronic diseases such as
obesity, diabetes, hypertension, etc. Furthermore, greater availability of meat
substitutes with great flavours is adding to their greater adoption. Customers
are leaning towards meat choices that are delightful and less expensive.
Witnessing a rise in vegetarian and vegan population, market players are introducing
tasty variants of meat choices incorporating ingredients such as tofu,
mushrooms, jackfruit, eggplant, lentils, beans and vegetables, cauliflowers,
etc. Moreover, consumers are mainly attracted to soy-based meat products as they
have high protein content. Hence, the increasing demand for soy-based meat
drives the meat substitutes market in Saudi Arabia. Growing risk of
animal-borne diseases associated with meat products and rise trend of clean
eating are expected to positively influence meat substitutes market in Saudi
Arabia. Significant investments made by market players to provide more choices
and flavours to consumers and meet their dietary requirements. Technological
advancements in extrusion and processing are expected to play an integral role
in meat substitutes market and expand opportunities for plant-based proteins. However,
high cost of pea protein due to shortage of pea from climatic changes is
anticipated to restrict the growth of Saudi Arabia meat substitutes market in
the coming years.
Saudi Arabia meat substitutes market is
segmented on the basis of type, source, category, company, and region. Based on
type, the market is further divided into soy products, quorn, tempeh, tofu,
seitan, and others. The tofu segment is expected to hold the largest share in
Saudi Arabia meat substitutes market owing to their greater adoption in burger
patties and their easy availability. Based on source, the market is further
fragmented into soy, wheat, mycoprotein, and others. Based on category, the
market is sub-divided into frozen, refrigerated, and shelf stable.
Some of the leading players in the Saudi
Arabia Meat Substitutes market are VBites, Sonic Biochem Limited, MGP
Ingredients, Beyond Meat, Amy’s Kitchen, Quorn Foods, The Nisshin Ollio Group, MGP
Ingredients, ADM, Meatless etc.
Objective of the Study:
- To analyse and forecast the market size of Saudi Arabia meat
substitutes market, in terms of value and volume.
- To classify and forecast Saudi Arabia meat substitutes market based
on type, source, category and regional distribution.
- To identify drivers and challenges for Saudi Arabia meat
substitutes market.
- To examine competitive developments such as expansions, new product
launches, mergers & acquisitions, etc., in Saudi Arabia meat
substitutes market.
- To conduct the pricing analysis for meat substitutes market.
- To identify and analyse the profile of leading players involved in
the manufacturing of Saudi Arabia meat substitutes market.
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TechSci Research performed both primary as well as
exhaustive secondary research for this study. Initially, TechSci Research
sourced a list of manufacturers across Saudi Arabia. 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 service offerings, distribution channels and presence of all
major collaboration manufacturers across Saudi Arabia.
TechSci
Research calculated the market size of Saudi Arabia Meat Substitutes using a bottom-up approach, where data for various end user
industries and its application across 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 analysing
historical data of these product types and applications 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
- Raw material suppliers
- Distributors and traders
- End users
- Food Retailers
- Research organizations and
consulting companies.
- Research Institutes
- Industry associations
- Market research and
consulting firm.
The study is useful in providing answers to several critical
questions that are important for the industry stakeholders such as collaboration
service providers and partners, end users, etc., besides allowing them in
strategizing investments and capitalizing on market opportunities.
|
Attribute
|
Details
|
|
Base
Year
|
2022
|
|
Historical
Years
|
2018 – 2021
|
|
Estimated
Year
|
2023E
|
|
Forecast
Period
|
2024F – 2028F
|
|
Quantitative
Units
|
Revenue in USD Million, Volume in Units and CAGR for 2018-2022
and 2023E-2028F
|
|
Report
Coverage
|
Revenue forecast, volume forecast, company share, competitive
landscape, growth factors, and trends
|
|
Segments
Covered
|
·
Type
·
Source
·
Category
|
|
Region
Scope
|
Western Region, Central Region, Southern Region, Eastern
Region, Northern Region
|
|
Key
Companies Profiled
|
VBites, Sonic Biochem Limited, MGP Ingredients, Beyond Meat,
Amy’s Kitchen, Quorn Foods, The Nisshin Ollio Group, MGP Ingredients, ADM,
Meatless.
|
|
Customization
Scope
|
10% free report customization with purchase. Addition or
alteration to regional & segment scope.
|
|
Pricing
and Purchase Options
|
Avail customized purchase options to meet your exact research
needs. Explore purchase
options
|
|
Delivery
Format
|
PDF and
Excel through Email (We can also provide the editable version of the report
in PPT/Word format on special request)
|
Report Scope:
In this report, Saudi Arabia Meat Substitutes market has been
segmented into following categories, in addition to the industry trends which
have also been detailed below:
- Saudi Arabia Meat Substitutes Market,
By Type:
- Soy Products
- Quorn
- Tempeh
- Tofu
- Seitan
- Others
- Saudi Arabia Meat Substitutes Market,
By Source:
- Soy
- Wheat
- Mycoprotein
- Others
- Saudi Arabia Meat Substitutes Market,
By Category:
- Frozen
- Refrigerated
- Shelf-Stable
- Saudi Arabia Meat Substitutes Market,
by Region:
- Western Region
- Central Region
- Southern Region
- Eastern Region
- Northern Region
Competitive Landscape
Company Profiles: Detailed analysis of the major
companies present in Meat Substitutes.
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.In case you don’t find what you are
looking for, please get in touch with our custom research team at [email protected]
It is an upcoming report to
be released soon. If you wish an early delivery of this report or want to
confirm the date of release, please contact us at [email protected]