#The plant protein market in United Arab Emirates has recorded a strong growth with a CAGR of 31.7% during 2018-2020. According to ConsumerI
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consumerintel360 · 3 years ago
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UAE plant based meat alternatives Key Trends, Drivers, and Key Players
The demand for plant-based food is growing in the Middle East, especially in the United Arab Emirates (UAE). The increasing consumer demand for alternative meat is primarily motivated by health reasons, while the ethical and environmental impact of growing traditional meat products also remains a crucial factor. Over the last few years, these factors have made inroads in the plant-based diet among consumers in the UAE.
The plant protein market in United Arab Emirates has recorded a strong growth with a CAGR of 31.7% during 2018-2020. According to ConsumerIntel360’s Q4 2020 Global Plant Protein Survey, Plant protein industry is expected to continue to grow in United Arab Emirates over the forecast period. It is expected to record a CAGR of 21.4% during 2021-2027. The plant protein consumption in the country will increase from US$ 67.3 million in 2020 to reach US$ 276.0 million by 2027.
While the plant-based industry is still in the nascent stage of its development, the consumption of alternative meat products is increasing in UAE. Rising numbers of people suffering from diabetes, obesity, and cardiovascular diseases are driving the demand for healthier products. In addition to this, factors such as migration, urbanization, and increasing income in the country are also supporting the growth of the plant-based industry.
Higher disposable income among the expanding middle-class population in the country is disrupting food consumption trends while driving the demand for plant-based products. Moreover, more aware consumers in the UAE are starting to evaluate the ethical credentials of the brands - including their sustainability policies - before purchasing the products.
Key Drivers
Growing flexitarians and vegans driving the market for plant based meat alternatives
In recent years, increasing number of people in the UAE are turning to flexitarian, vegan, or vegetarian diet due to health or ethical reasons. This trend further accelerated due to the pandemic. To cater to this trend, food companies as well as restaurants have been launching plant based products. For instance, in November 2020, Subway introduced meat-alternative sandwiches at select outlets at Dubai.
Availability of plant-based dining in food and beverages outlets driving the demand
The availability of quality plant-based products in food and beverage outlets have improved in the last few years. The ease of availability alone encourages more consumers to give meatless products a try. With the market finally recognizing the growing demand for meatless alternative products, it has become easier for consumers to include plant-based products in their diet regularly. This is supporting the growth of the market in the UAE.
Bareburger, a fast food restaurant chain, serves meatless burgers from Beyond Meat. These burgers were available to its customers at three outlets in Dubai and one in Abu Dhabi. Since its launch, the meatless burger has been their bestseller. According to Bareburger, the outlets are selling more Beyond Burger than beef in the UAE. Due to this growing demand, the restaurant chain launched a completely new vegan menu in the country alongside the traditional animal-based products. Moreover, the sales of their vegan burgers accounted for 50% of all burgers sold at Dubai outlets during the pandemic.
Key Trends
Plant-based meatless burgers gaining traction in the UAE
Plant-based meatless burgers have been gaining traction in the UAE as consumers choose a healthy lifestyle. To cater to this need, companies have been launching plant based meatless burgers. In February 2021, Global Food Industries (GFI), a value-added food manufacturing company, introduced Al Areesh plant-based burgers patties made from pea protein. The patty is soy-free, antibiotics-free, gluten-free and does not comprise whey or egg-based protein powders. The company plans to offer Al Areesh plant-based burgers across retail outlets from May 2021.
AI Islami Foods rolled out a plant based burger in January 2021. The burger is made of sunflower seeds, fava beans, and peas and was launched as a response to increasing demand for vegan options. The company plans to further extend its portfolio across supermarkets and hypermarkets in the UAE. It also plans to collaborate with restaurants, hotels, and cafes, to further expand its reach across Middle East.
Key players
Key players in the market include The Meatless Farm Co., Impossible Foods, Tofurky, Healthy Farm, Plant Power, and Bareburger. Several international plant-based brands such as Beyond Meat and VBites have launched their product offerings in the UAE. As the plant-based economy continues to grow in the country, many international companies are anticipated to bring their product offerings. The presence of one of the largest foods and beverage trade exhibition is also supporting the market growth.
VBites, the UK based vegan food brand, debuted in the UAE with the launch of plant based products including nine frozen products such as V Bites Mega Burger, at Spinnneys outlets across the country and Waitrose Dubai, as well as vegan mince, chicken and fish products, January 2021.
Further, retailers are also focusing on strengthening their plant based meat portfolio by either launching their own brands or partnering with food companies to distribute such products. Spinneys supermarket for instance, introduced Power of Plants initiative as part of its corporate sustainability programme, January 2021. The programme intends to encourage customers to make healthy choices such as plant-based products including meat-free and dairy-free alternatives.
Demand for plant-based diets was already increasing even prior to COVID-19, but the pandemic has further shifted consumer preference towards healthy and environmental friendly products. This trend is likely to remain post COVID, and companies will focus on offering innovative plant-based products that promote healthy living. For example, Spinneys is believed to expand its range of plant based food offerings as well as locally produced products including its SpinneysFOOD plant-based products that includes recipes using Beyond Meat burger and sausages. The supermarket offers plant based products including VMega Burger, Meat-Free Chicken Nuggets. Apart from this, it also offers other plant-based products from brands such as Linda McCartney, Meatless Farm, Omnimeat Violife, Quorn and Beyond Meat.
The advancement in technology in imitating the texture of traditional meat and enhancing the taste profile of meatless alternatives is resulting in growing consumer demand. Foodservice channels and restaurants have been the dominant source of revenue for the plant protein industry in the UAE. For instamce, Beyond Meat offers meatless burger in partnership with Bareburger for consumers. The meatless burger is available at all outlets of Bareburger in the country. Similarly, Impossible Foods partnered with Black Tap foodservice channels to offer Impossible Burger in the country. The meatless burger is available at all of the Black Tap outlets across the UAE. However, in the wake up of the global coronavirus outbreak, e-commerce is expected to emerge as a new leader in the sales of meatless products.
To know more and gain deeper understanding of plant protein in UAE, click here.
#The demand for plant-based food is growing in the Middle East#The plant protein market in United Arab Emirates has recorded a strong growth with a CAGR of 31.7% during 2018-2020. According to ConsumerI#While the plant-based industry is still in the nascent stage of its development#the consumption of alternative meat products is increasing in UAE. Rising numbers of people suffering from diabetes#obesity#and cardiovascular diseases are driving the demand for healthier products. In addition to this#factors such as migration#urbanization#and increasing income in the country are also supporting the growth of the plant-based industry.#Higher disposable income among the expanding middle-class population in the country is disrupting food consumption trends while driving the#more aware consumers in the UAE are starting to evaluate the ethical credentials of the brands - including their sustainability policies -#Key Drivers#Growing flexitarians and vegans driving the market for plant based meat alternatives#In recent years#increasing number of people in the UAE are turning to flexitarian#vegan#or vegetarian diet due to health or ethical reasons. This trend further accelerated due to the pandemic. To cater to this trend#food companies as well as restaurants have been launching plant based products. For instance#in November 2020#Subway introduced meat-alternative sandwiches at select outlets at Dubai.#Availability of plant-based dining in food and beverages outlets driving the demand#it has become easier for consumers to include plant-based products in their diet regularly. This is supporting the growth of the market in#Bareburger#a fast food restaurant chain#the meatless burger has been their bestseller. According to Bareburger#the outlets are selling more Beyond Burger than beef in the UAE. Due to this growing demand#the restaurant chain launched a completely new vegan menu in the country alongside the traditional animal-based products. Moreover#the sales of their vegan burgers accounted for 50% of all burgers sold at Dubai outlets during the pandemic.#Key Trends#Plant-based meatless burgers gaining traction in the UAE
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fact-mr · 4 years ago
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Isomalto-oligosaccharide Market Business Analysis, New Innovations, Shares and Forecast till 2031
A recent Fact.MR report finds that isomalto-oligosaccharide (IMO) sales in 2018 were ~420 thousand tons, and are estimated to record ~6% Y-o-Y in 2019. The IMO industry is primarily influenced by the ingredient’s benefits that extent beyond gastrointestinal tract, complemented by its growing popularity as a low-calorie sweetener in protein bars. Low glycemic index and high prebiotic fiber content in IMO has meant that adoption of this plant-based ingredient continues on an upward spiral in the supplements industry, to help health-conscious consumers achieve improved nutrient absorption and fat loss.
According to the study, shares of the IMO market remains consolidated among four leading players, who hold a strong distribution and export their products to lucrative markets worldwide. These players are targeting potential consumers for boosting sales, with the US being one of the leading countries to create value. While frontrunners are focusing on collaborating with distributors and farmers for leveraging positive consumer sentiment on locally-sourced ingredients, entrepreneurs are entering into tie-ups with raw material providers.
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Stakeholders in the isomalto-oligosaccharide market are adopting innovative marketing strategies to attract a wider pool of audience. Stage-wise investment in product development and commercial campaigns for raising awareness on health benefits of IMO, by sharing successful results of clinical trials, are some of the key efforts of manufacturers that will augur well for the IMO market growth.
Opportunities Abound in Food & Beverage Industry for IMO Manufacturers
The Fact.MR study opines that rising demand for non-GMO and allergen-free prebiotics in line with an increased focus of manufacturers on improving the quality of nutritional products will drive sales of isomalto-oligosaccharide. Recent proliferation of health-conscious consumers, coupled with their changing dietary habits to limit sugar intake by using low-calorie sweeteners, holds significant potential for higher IMO sales.
According to the report, application of IMO as a prebiotic agent and sugar substitute will remain high in the food and beverage industry, with wide applications in nutritional bars, dietary supplements, bakery & confectionary and functional foods. IMO sales in the food & beverage industry is estimated at ~290 thousand tons in 2019, primarily driven by high adoption in beverages and nutrition bars. The study also indicates that growing recognition of low-fiber diet as the root cause for chronic ailments, such as obesity, diabetes mellitus, and coronary vascular diseases, will increasingly contribute to gains in the IMO market.
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The study mentions that adoption of IMO isn’t limited to F&B industry, and potential opportunities exist in the pharmaceutical and animal feed sector. Growing preference for natural alternatives over conventional medicine will pave lucrative growth avenues for stakeholders that are eying stronger position in market banking on IMO syrups.
The study opines that growth of the IMO market will remain promising. However, true potential of the market has been constrained by recent revelation from the FDA that there is no evident ground for physiological health benefits from IMO consumption. Additionally, FDA has not proposed to amend the list to include IMO as dietary fiber. Although key players are focusing on reformulation of their products, it is highly likely that several small players won’t act to the cause immediately, and IMOs will remain falsely labelled as ‘fiber’ in various food products in the foreseeable future.
This Fact.MR research study provides a long-term perspective of the isomalto-oligosaccharide market for the duration, 2019 to 2029. The isomalto-oligosaccharide market is estimated to register a CAGR of ~7% through 2029.
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