Meat Substitutes - Central Africa

Central Africa

Highlights

Revenue in the Meat Substitutes market amounts to US$11.88m in 2024. The market is expected to grow annually by 11.61% (CAGR 2024-2029).
In global comparison, most revenue is generated China (US$2bn in 2024).
In relation to total population figures, per person revenues of US$0.12 are generated in 2024.
In the Meat Substitutes market, volume is expected to amount to 884.40k kg by 2029. The Meat Substitutes market is expected to show a volume growth of 11.7% in 2025.0.
The average volume per person in the Meat Substitutes market is expected to amount to 0.0kg in 2024.

Key regions:

Market definitionIn-Scope/Out-of-scopeMarket structureMethodology

The Meat Substitutes Market in Central Africa is experiencing subdued growth, impacted by factors such as low consumer awareness and limited availability of plant-based options. Despite this, the market is expected to see growth due to increasing health consciousness and the convenience of alternative meat products.

Customer preferences: As consumers in Central Africa become more health conscious, the Meat Substitutes Market of the Meat Market within The Food market is experiencing a rise in demand for plant-based protein alternatives. This trend is driven by increasing awareness of the health benefits of a plant-based diet and concerns over the environmental impact of meat production. Additionally, the growing popularity of vegetarian and vegan diets among younger demographics is also contributing to the shift towards meat substitutes.

Trends in the market: In Central Africa, the Meat Substitutes market is experiencing a surge in demand, driven by a growing awareness of the health and environmental benefits of plant-based diets. This trend is expected to continue, with major players in the meat industry investing in alternative protein sources. As these trends gain momentum, it presents opportunities for industry stakeholders to tap into new markets and diversify their product offerings. However, it also poses challenges, such as the need for regulatory frameworks and addressing cultural barriers. Overall, the trajectory of these trends is towards a more sustainable and diverse food market in Central Africa.

Local special circumstances: In Central Africa, the Meat Substitutes Market within The Food market is influenced by the region's limited access to meat products due to geographical and cultural factors. The high cost of importing and producing meat has led to the growth of the meat substitutes market, as consumers look for more affordable and sustainable protein options. Additionally, regulations promoting environmental sustainability and animal welfare have also contributed to the rise of the meat substitutes market in Central Africa.

Underlying macroeconomic factors: The Meat Substitutes Market within The Food market in Central Africa is also impacted by macroeconomic factors such as global economic trends, national economic health, and fiscal policies. Countries with stable economies and supportive policies for alternative protein sources are expected to experience stronger market growth compared to countries with economic challenges and limited government support. Moreover, the rising awareness of the health and environmental benefits of meat substitutes, coupled with the increasing health concerns related to the consumption of traditional meat, is driving the demand for alternative protein products in Central Africa. This trend is expected to continue as the region's population grows and becomes more health-conscious.

Data coverage:

The data encompasses B2C enterprises. Figures are based on the total consumer spending on food, which comprises all private household spending on food that is meant for at-home consumption (out-of-home consumption is not accounted for).

Modeling approach:

Market sizes are determined through a top-down approach, building on specific predefined factors for each market segment. As a basis for evaluating markets, we use resources from the Statista platform as well as in-house market research, national statistical offices, international institutions, trade associations, companies, the trade press, and the experience of our analysts. In addition, we use relevant key market indicators and data from country-specific associations, such as GDP, consumer spending, and consumer price index. This data helps us estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the relevant market. For example, the exponential trend smoothing is well suited for forecasting the Food market with a projected steady growth. The main drivers are GDP per capita and consumer spending per capita.

Additional notes:

The data is modeled using current exchange rates. The impact of the COVID-19 pandemic and the Russia-Ukraine war are considered at a country-specific level. The market is updated twice a year.