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Middle East and Africa Plant-based Protein Market by Type (Isolates, Concentrates, Protein Flour), Application (Protein Beverages, Dairy Alternatives, Meat Alternatives, Protein Bars, Processed Meat, Poultry & Seafood, Bakery Product), Source (Soy, Pea, Wheat, Others) and By Country (KSA, UAE, Israel, rest of GCC countries, South Africa, Ethiopia, Kenya, Egypt, Sudan and Rest of MEA) – Size, Share, Trends, Growth, Forecast (2023 to 2028)

Published: March, 2023
ID: 9318
Pages: 140
Formats: report pdf report excel report power bi report ppt

Middle East and Africa Plant-based Protein Market Growth and Forecast (2023 - 2028):

The Size of the Middle East and Africa Plant-based protein market was worth US$ xx million in 2022, and it is evaluated to arrive at a valuation of US$ xx million before the finish of 2028, extending at a vigorous compound annual growth rate. Plant protein gives building squares to healthy muscles and tissues in the body and plays a notable role in weight reduction.

Market Overview:

Plant-based protein items are separated from professional flowerbeds, for example, beans, wheat, and peas. Plant-based protein is utilized in protein drinks, dairy substitutes, meat substitutes, protein bars, dietary enhancements, processed meats, poultry and fish, pastry kitchens, food, and sports sustenance items to improve beneficial and practical properties, for example, surface, emulsification, dissolvability, adjustment, and holding. Plant-based Protein parts are utilized financially in food and beverage items, sports sustenance items, creature feed, and pharmaceutical applications.

Recent Developments in Middle East and Africa Plant-based Protein Industry:

  • In October 2018, DuPont Nutrition and Health extended its scope of plant-based protein items with another pea protein for drinks called TRUPRO 2000 Pea Protein, a pharmaceutical.
  • Walgreens, an organization, situated in the United States, has a significant store with a different games food sector for the nutraceutical corridor.

Market Dynamics:

The expanded danger of cardiovascular sickness and type II diabetes due to the utilization of meat items is required to positively affect development as the significance of plant-based proteins market in the Middle East and Africa.

Drivers:

The fundamental factor that is likely to lead the Middle East and Africa market for plant-based proteins is the buyers' inclination for the vegetarian and wholesome advantages that plant-based foods give. The "spotless" pattern of the older populace is assumed to advance market development during the evaluated period. New arrangement examines and altered high dampness expulsion forms are assisting with the development of the Middle East and Africa plant-based protein market. For instance, chocolate-based vegetable protein without creature protein is in acceptable interest in the market for buyers who don't devour dairy items.

Drug stores or medication stores, which speak to a unique piece of purchaser wellbeing spending, have become a significant retail segment. Creative prepared to-eat product offerings without trading off taste and surface have improved the whole plant-based protein market in the locale. Plant-based protein items are likewise expected to be industrially accessible as non-allergic alternatives to soy protein and as appropriate elements of hypoallergenic newborn baby formula. Buyers have demonstrated more exceptional attention to the medical advantages of vegetable proteins. This pattern has required without lactose and hypoallergenic rice proteins in the business sectors of the Middle East and Africa.

Restraints:

The absence of awareness for plant-based proteins in specific zones is hampering the ongoing business sector development. What's more, unpredictable item costs are relied upon to slow market development during the estimated time frame.

Middle East and Africa Plant-based protein Market Segmentation Analysis:

By source, the soy segment is foreseen to lead the Middle East and Africa market over the foresight period. This is credited to the augmenting popularity and swelling need for a high-protein diet among customers. Soy protein is proven to reduce the cholesterol level, improve metabolism, develop the density of bone mineral, and also overcome the risks of cancer. Soy protein isolates are becoming in nutritional bars, bakery items, sports nutrition products, meat choices, and numerous beverages.

 Based on the type, the isolates segment is foreseen to register the highest share in the Middle East and Africa plant-based protein market over the forecast period. Protein isolates had a huge demand for nutrition-related applications like sports and clinical nutrition, protein beverages, and dietary supplements. In the earlier years, sportspeople, bodybuilders, and vegan communities have mounted, encouraging the use of these isolates, along with widespread usage in various beverages and dairy products based on different functional aspects.

 Based on the application, the food and beverage segment is deemed to hold the abundant portion of the Middle East and Africa plant-based protein market, attributing to the rising consumer demand for nutritional products, expanding awareness about the advantages of these proteins, a surge in health concerns for animal products, soaring vegan people, and mounting meat prices. Nevertheless, the nutrition and health supplements are considered to witness significant growth due to the changing lifestyle, progressing health & wellness trend, and climbing prevalence of sicknesses.

Regional Analysis:

South Africa plant-based protein market and the United Arab Emirates plant-based protein business are ruling the MEA locale, with an adjustment in the penchant for veggie lovers and vegan populace. The developing interest for food items and drinks dependent on the healthy and natural ingredients is relied upon to quicken the development of the plant-based protein showcase in different nations in the Middle East and Africa during the estimated time frame.

Key Players in the Market:

Major Key Players in the MEA Plant-based Protein Market are

  • Cargill Inc
  • Archer Daniels Midland (ADM)
  • DuPont
  • Kerry Group
  • Glanbia PLC
  • Tate & Lyle PLC
  • Ingredion Inc
  • Burcon NutraScience Corp
  • Axiom Foods
  • Royal DSM N.V.
  • Sotexpro S.A.

 

 

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