United Arab Emirates plant protein market is estimated to grow at a CAGR of 10.61 % to reach a market size of US$33.000 million in 2027 from US$16.294 million in 2020.
Concerns with the overwhelming population and resultant food security are driving people to gradually adopt increasingly plant-based consumption habits. The applications range across sports nutrition, clinical nutrition, infant nutrition, bakery, fortified food & beverages, and functional food & beverages. The rising practice of veganism is fast catching on throughout the world, which is also influencing the consumer preferences of the United Arab Emirates. This newfound interest is expected to fuel the expansion of the United Arab Emirates Plant Protein Market. Moreover, the participation of various businesses and types of industry in one country that gives rise to a microcosm of the world has a lot to do with the buying capacity of the mass in general. Thus, the rising disposable income of the nation paves the way for more opportunities for the United Arab Emirates plant-based protein market.
Concomitantly, the fitness segment will also fuel the plant-based protein market of the United Arab Emirates.
Further, regulatory frameworks across various countries are increasingly treated as an assurance, thus making consumers adopt dietary supplements that have plant-based proteins as one of their key ingredients. Further, food and beverages are being increasingly pursued for their functionality and the degree to which they resonate with the values of today’s consumers. This has incentivized the need to incorporate plant-based proteins to increase the functionality of beverages as well as cater to those who have adopted the vegan or flexitarian lifestyle. The fast life due to the growing pace of living in a borderless state necessitates a balanced fitness regime whereby comes the need for an even greater variety of nutritional supplements required by individuals of varying ages and vital statistics. To this end, soy protein has emerged as one of the most preferred contenders and leads the field for plant-based protein.
Product offerings in the country:
COVID-19 Insight
The demand for healthier consumables has surged owing to the lockdown and the rising health concerns in UAE, hence the market has benefited from the COVID-19 pandemic. Due to COVID-19, the supply chain was disrupted, and the consumers opted for alternative proteins owing to the short supply of animal proteins in the market. Hence, this has resulted in a higher demand for plant-based protein in the UAE market in 2020. Thus, these changing trends are indicating a growing market for plant protein in the forecast period.
Segmentation