At 5.1% CAGR, Middle East & Africa Meat Substitute Ingredients Market is Projected to be US$ 70.71 million by 2030, says Business Market Insights

According to Business Market Insights’ research, the Middle East & Africa meat substitute ingredients market was valued at US$ 47.67 million in 2022 and is expected to reach US$ 70.71 million by 2030, registering a CAGR of 5.1% from 2022 to 2030. Rising demand for plant-based meat and government initiatives to promote consumption of meat alternative products are among the critical factors attributed to drive the Middle East & Africa meat substitute ingredients market growth.

Over the past few years, awareness regarding environmental sustainability has increased significantly. Climate change has affected the earth's natural ecosystems and posed a significant threat to the well-being of people. Global population growth and urbanization are the primary causes of natural resource depletion, including water, fossil fuels, and land, contributing to global warming. Due to the rising global population, the demand for food is also increasing. People are heavily reliant on animal sources to meet their nutritional requirements. This factor has exerted high pressure on the livestock industry. The livestock industry is one of the key contributors to anthropogenic greenhouse gas emissions. According to the Food and Agriculture Organization (FAO) of the United Nations (UN), the worldwide livestock industry emits 7.1 gigatons of carbon dioxide per year, accounting for 14.5% of all human-caused greenhouse gas emissions. According to industry experts, livestock production emits more carbon dioxide than the whole transportation industry combined. As per the Good Food Institute, plant-based meat has 30–90% less greenhouse gas emissions (kg-CO2-eq/kg-meat) than conventional meat. Due to the rising awareness regarding the negative impacts of the meat and livestock industry on the environment, consumers are rapidly switching to plant-based food products.

Regular meat consumption may increase the risk of diabetes. According to ProVeg International, a nongovernment organization, a study by Oxford University of over 474,000 people found that daily consumption of 70 grams of unprocessed red meat (such as beef or pork) and processed meat (such as bacon, sausages, or ham) increased the risk of developing type 2 diabetes by 30%. Moreover, the consumption of plant-based food can reduce the risk of insulin resistance, prediabetes, and type 2 diabetes. This highlights the benefits of adopting sustainable food habits.

The consumers across the globe are adopting vegan lifestyle owing to increasing health concern and rising awareness about environmental sustainability. Thus, the increasing preference for plant-based food drives the demand for ingredients used to make plant-based food, such as tofu, soy protein, tempeh, and pea protein, thereby driving the meat substitute ingredients market.

On the flip side, flavor challenges associated with plant-based protein hamper the growth of Middle East & Africa meat substitute ingredients market.

Based on source, the Middle East & Africa meat substitute ingredients market is categorized into soy, wheat, pea, mycoprotein, and others. The soy segment held 50.6% market share in 2022, amassing US$ 24.11 million. It is projected to garner US$ 33.81 million by 2030 to register 4.3% CAGR during 2022–2030.

In terms of ingredients, the Middle East & Africa meat substitute ingredients market is segmented into soy protein, pea protein, tempeh, tofu, seitan, and others. The soy protein segment held 43.6% share of Middle East & Africa meat substitute ingredients market in 2022, amassing US$ 20.77 million. It is anticipated to garner US$ 29.04 million by 2030 to expand at 4.3% CAGR during 2022–2030.

In terms of application, the Middle East & Africa meat substitute ingredients market is segmented into patties, nuggets, sausages, meatballs, and others. The others segment held 47.0% share of Middle East & Africa meat substitute ingredients market in 2022, amassing US$ 22.39 million. It is anticipated to garner US$ 32.25 million by 2030 to expand at 4.7% CAGR during 2022–2030

Based on country, the Middle East & Africa meat substitute ingredients market is categorized into Saudi Arabia, the UAE, South Africa, and the Rest of Middle East & Africa. Our regional analysis states that the Rest of Middle East & Africa captured 48.3% share of Middle East & Africa meat substitute ingredients market in 2022. It was assessed at US$ 23.00 million in 2022 and is likely to hit US$ 33.76 million by 2030, registering a CAGR of 4.9% during 2022–2030.

Key players operating in the Middle East & Africa meat substitute ingredients market are DuPont de Neumours Inc, Ingredion Inc, Wilmar International Ltd, Archer Daniels Midland Co, and Kerry Group Plc others.

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