UAE Meat Substitutes Market Growth 2023, Emerging Trends, Revenue, Industry Share, Size, Key Players, Challenges, Future Opportunities and Forecast Till 2033: SPER Market Research
Meat substitutes are foods prepared with vegetarian or vegan components that are intended to taste and feel just like their animal counterparts. They can be consumed in place of meat. These goods seek to mimic the flavour of meat while also providing possible health advantages and a more environmentally friendly substitute for conventional meat production, which lessens the negative consequences of meat production on people and the environment.\
According to SPER market research, ‘UAE Meat Substitutes Market Size- By Type, By Source, By Category – Regional Outlook, Competitive Strategies and Segment Forecast to 2033’state that the UAE Meat Substitutes Market is predicted to reach USD XX Billion by 2033 with a CAGR of XX%.
The UAE meat substitutes market is projected to experience robust growth over the next five years, driven by escalating concerns regarding meat consumption and the increasing popularity of clean eating. Continuous meat consumption has been linked to higher susceptibility to chronic ailments like obesity, atherosclerosis, and diabetes. Additionally, the rising adoption of vegan and vegetarian lifestyles, coupled with a growing emphasis on personal health, is anticipated to fuel the demand for meat substitutes in the UAE. Furthermore, heightened awareness surrounding the health risks associated with meat consumption, compounded by recent outbreaks of animal diseases, is further stimulating market growth. Increased consumer interest in clean eating and a better understanding of nutritious ingredients are also contributing to the surge in demand for plant-based meat alternatives. The introduction of innovative products with appealing taste and flavor profiles, along with rising demand across chilled, ambient, and frozen segments, is driving market expansion. Moreover, the growing preference for plant-based protein sources and advancements in extrusion and processing technologies are poised to accelerate market growth in the UAE.
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However, challenges such as allergic reactions to soy products and the high cost of pea-based substitutes may impede market progress. Additionally, concerns related to high processing costs and limited consumer acceptance could act as barriers to market growth in the UAE.
The COVID-19 epidemic affected the UAE market for meat alternatives in two ways. First of all, as people grew more environmentally conscious, health conscious, and worried about food safety, the demand for plant-based substitutes soared. But the pandemic also caused supply chain disruptions worldwide, which led to a brief shortage of beef alternatives. Restriction confronted the foodservice industry, especially restaurants, but some adjusted by providing more plant-based options. The epidemic also sparked product development and innovation in the market for meat substitutes, with businesses investing in the creation of fresh, enhanced substitutes that aim to mimic the flavour and texture of conventional meat products.
Additionally, some of the market key players are ADM, Amy’s Kitchen, Beyond Meat, Meatless VBites, MGP Ingredients, Quorn Foods, Others.
For More Information, refer to below link:-
UAE Plant-Based Meat Substitutes Market Outlook
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