Meat Substitutes - Ethiopia

Ethiopia

Revenue in the Meat Substitutes market amounts to US$7.72m in 2024. The market is expected to grow annually by 16.63% (CAGR 2024-2029).
In global comparison, most revenue is generated in China (US$2,371m in 2024).
In relation to total population figures, per person revenues of US$0.06 are generated in 2024.
In the Meat Substitutes market, volume is expected to amount to 335.10k kg by 2029. The Meat Substitutes market is expected to show a volume growth of 2.6% in 2025.
The average volume per person in the Meat Substitutes market is expected to amount to 0.0kg in 2024.

Key regions: Spain, Russia, United Kingdom, South Korea, India

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Analyst Opinion

The Meat Substitutes Market in Ethiopia is experiencing mild growth, influenced by factors such as consumer awareness about health and the convenience of online services. This growth is driven by the increasing adoption of digital technologies in The Food market within the Meat Market.

Customer preferences: The rise of ethical and sustainable consumerism has led to a growing demand for plant-based meat substitutes in Ethiopia. This trend is largely driven by the younger generation, who are more conscious of the environmental impact of meat production and are opting for healthier and more environmentally-friendly options. Additionally, as more people in Ethiopia adopt a Western-style diet, there is a growing demand for meat substitutes that can cater to their dietary restrictions and preferences. This has resulted in an increase in the availability and variety of meat substitutes in the market, catering to diverse consumer needs.

Trends in the market: In Ethiopia, the Meat Substitutes Market within The Food market is seeing a surge in demand for plant-based proteins, as consumers become more health-conscious and environmentally aware. This trend is expected to continue, with the market projected to grow at a CAGR of 7.5% from 2021 to 2026. This presents opportunities for industry stakeholders to tap into the growing demand for alternative protein sources, while also addressing concerns about sustainability and animal welfare. Additionally, the government's initiatives to promote plant-based diets and reduce meat consumption could further drive the growth of this market.

Local special circumstances: In Ethiopia, the Meat Substitutes Market is still in its nascent stage due to the predominantly traditional and meat-based diet of the population. However, the market is slowly gaining traction with the rise in health awareness and a growing vegetarian and vegan population. The country's diverse topography and cultural diversity also play a role in shaping the market, with certain regions having a higher demand for meat substitutes compared to others. Additionally, the government's initiatives to promote sustainable and plant-based diets are expected to further drive the growth of the Meat Substitutes Market in Ethiopia.

Underlying macroeconomic factors: The Meat Substitutes Market within The Food market is also impacted by macroeconomic factors such as changing consumer preferences, government regulations, and investment in sustainable food production. Countries with supportive policies and investments in plant-based alternatives are experiencing higher market growth compared to regions with limited regulations and investments. Additionally, the rising awareness of health and environmental concerns among consumers is driving the demand for meat substitutes as a sustainable and healthier option.

Methodology

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.