Summary

Saudi Arabia vegan meat market is expected to witness growth at a significant rate during the forecast period, 2023-2027. Factors such as the shift in preference of consumers towards healthier food alternatives and the trend of innovative food items are driving the market growth. Besides, market players are making high-end investments to mass-produce vegan products that are high in iron, vitamin C, and fiber to attract health-conscious customers into buying their vegan products. Also, the emergence of online sales channels and the launch of a wide range of vegan meat-based products by the market players are expected to influence the market demand positively. Increase in obesity rates in the country and growing incidences of cardiovascular diseases, high blood pressure, asthma, and others are also contributing to the rapid adoption of vegan foods. Besides, a surge in vegan population and rise in health consciousness among consumers are supporting the market growth.

The Saudi Arabia vegan meat market is segmented into product type, type of sales, competitive landscape, and regional distribution. Based on the type of sales, the market is divided into institutional sales and retail sales. Retail sales are expected to account for a significant market share in the forecast period, 2023-2027. Due to ever-expanding consumer demands for vegan foods and a growing number of health-conscious people who favor vegan eating habits, it is predicted that retail sales will generate the majority of market income. Additionally, consumers who prefer home-cooked meals are contributing to the expansion of the retail sales sector.
The major market players operating in the Saudi Arabia vegan meat market are Al Safi - Danone Co. Ltd (Al Safi), Beyond Meat Inc., Upfield, Saudi Dairy and Food Stuff Company, Rude Health, Blue Diamond Growers, Superbom Alimentos, Koita FZE, The Meatless Farm Co., Al Islami Foods, among others.
Objective of the Study:
• To analyze the historical growth of the market size of Saudi Arabia vegan meat market from 2017 to 2020.
• To estimate and forecast the market size of Saudi Arabia vegan meat market from 2021 to 2027 and growth rate until 2027.
• To classify and forecast Saudi Arabia vegan meat market based on product type, type of sales, competitional landscape, and regional distribution.
• To identify dominant region or segment in the Saudi Arabia vegan meat market.
• To identify drivers and challenges for Saudi Arabia vegan meat market.
• To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in Saudi Arabia vegan meat market.
• To identify and analyze the profile of leading players operating in Saudi Arabia vegan meat market.
• To identify key sustainable strategies adopted by market players in Saudi Arabia vegan meat market.
TechSci Research performed both primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of manufacturers, and suppliers across the country. Subsequently, TechSci Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, TechSci Research could include the manufactures which could not be identified due to the limitations of secondary research. TechSci Research analyzed the manufactures, distribution channels and presence of all major players across the country.
TechSci Research calculated the market size of Saudi Arabia vegan meat market using a bottom-up approach, wherein data for various end-user segments was recorded and forecast for the future years. TechSci Research sourced these values from the industry experts and company representatives and externally validated through analyzing historical data of these product types and applications for getting an appropriate, overall market size. Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports were also studied by TechSci Research.
Key Target Audience:
• Vegan meat manufacturers, end users, and other stakeholders
• Distributers and suppliers of the products and other stakeholders
• Organizations, forums, and alliances related to vegan meat
• Market research and consulting firms
The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as manufacturers, suppliers, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.
Report Scope:
In this report, Saudi Arabia vegan meat market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
• Saudi Arabia Vegan Meat Market, By Product Type:
o Tofu
o Tempeh
o Textured Vegetable Protein
o Others
• Saudi Arabia Vegan Meat Market, By Type of Sales:
o Institutional Sales
o Retail Sales
• Saudi Arabia Vegan Meat Market, By Region:
o Western
o Eastern
o Northern & Central
o Southern
Competitive Landscape
Company Profiles: Detailed analysis of the major companies present in Saudi Arabia vegan meat market.
Available Customizations:
With the given market data, TechSci Research offers customizations according to a company’s specific needs. The following customization options are available for the report:
Company Information
• Detailed analysis and profiling of additional market players (up to five).

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