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.
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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.
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.
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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.
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.
Contact
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