Meat Substitutes - United Arab Emirates

United Arab Emirates

Revenue in the Meat Substitutes market amounts to €16.97m in 2024. The market is expected to grow annually by 7.29% (CAGR 2024-2029).
In global comparison, most revenue is generated in China (€2,198m in 2024).
In relation to total population figures, per person revenues of €1.77 are generated in 2024.
In the Meat Substitutes market, volume is expected to amount to 1.54m kg by 2029. The Meat Substitutes market is expected to show a volume growth of 4.5% in 2025.
The average volume per person in the Meat Substitutes market is expected to amount to 0.1kg in 2024.

Key regions: Spain, Russia, United Kingdom, South Korea, India

Mercado

Región

Comparación de regiones

Moneda

Analyst Opinion

The Meat Substitutes Market in the UAE is experiencing minimal growth, impacted by factors such as consumer preference for traditional meat products and limited availability of plant-based options. However, with increasing health awareness, digital technologies, and convenience of online services, the market is expected to see growth in the coming years.

Customer preferences: The growing health and wellness trend has led to a rise in demand for plant-based meat substitutes in the United Arab Emirates. Consumers are increasingly opting for healthier and more sustainable food options, influenced by cultural beliefs and lifestyle choices. This has also been driven by the rise in vegan and vegetarian diets, as well as concerns over the environmental impact of traditional meat production. As a result, the meat substitutes market in the UAE is expected to experience significant growth in the coming years.

Trends in the market: In the United Arab Emirates, the Meat Substitutes market is experiencing a surge in demand, driven by an increasing focus on health and sustainability. There is a growing trend of incorporating plant-based proteins into meals, with a particular emphasis on local and organic options. This trend is expected to continue, as consumers become more health-conscious and environmentally aware. As a result, industry stakeholders are investing in research and development to improve the taste and texture of meat substitutes, in order to capture a larger share of the market. Additionally, partnerships with restaurants and grocery stores are being formed to make these products more accessible to consumers.

Local special circumstances: In the United Arab Emirates, the Meat Substitutes market is driven by the growing demand for healthy and sustainable food options among health-conscious consumers. The country's rapid economic growth and high per capita income have also led to an increase in the adoption of vegetarian and vegan diets. Additionally, the UAE government's efforts to promote a healthy lifestyle and reduce carbon emissions have further boosted the popularity of Meat Substitutes in the country. Moreover, the multicultural society and diverse expat population in the UAE have also contributed to the growth of the Meat Substitutes market, with the availability of a wide range of international and local plant-based options.

Underlying macroeconomic factors: The Meat Substitutes Market of the Meat Market within The Food market in the United Arab Emirates is impacted by macroeconomic factors such as consumer preferences, health consciousness, and government initiatives. With the growing trend of plant-based diets and increasing concerns about the environmental impact of meat consumption, the demand for meat substitutes is expected to rise in the UAE. Additionally, the government's focus on promoting healthy eating habits and reducing the country's carbon footprint through sustainable food choices is also expected to drive market growth. Furthermore, the country's stable economic and political environment, along with its high per capita income, provides a favorable market for meat substitutes. These factors, along with the growing health consciousness among consumers, are expected to contribute to the growth of the Meat Substitutes Market in the UAE.

Methodology

Data coverage:

The data encompasses B2C enterprises. Figures are based on the total consumer spending on food, which comprises all private household spending on food that is meant for at-home consumption (out-of-home consumption is not accounted for).

Modeling approach:

Market sizes are determined through a top-down approach, building on specific predefined factors for each market segment. As a basis for evaluating markets, we use resources from the Statista platform as well as in-house market research, national statistical offices, international institutions, trade associations, companies, the trade press, and the experience of our analysts. In addition, we use relevant key market indicators and data from country-specific associations, such as GDP, consumer spending, and consumer price index. This data helps us estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the relevant market. For example, the exponential trend smoothing is well suited for forecasting the Food market with a projected steady growth. The main drivers are GDP per capita and consumer spending per capita.

Additional notes:

The data is modeled using current exchange rates. The impact of the COVID-19 pandemic and the Russia-Ukraine war are considered at a country-specific level. The market is updated twice a year.