Meat Substitutes - Kazakhstan

Kazakhstan

Revenue in the Meat Substitutes market amounts to US$6.62m in 2024. The market is expected to grow annually by 12.52% (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$0.32 are generated in 2024.
In the Meat Substitutes market, volume is expected to amount to 0.70m kg by 2029. The Meat Substitutes market is expected to show a volume growth of 8.3% 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

Market

Region

Region comparison

Currency

Analyst Opinion

The Meat Substitutes Market in Kazakhstan is experiencing mild growth due to factors such as increasing health consciousness among consumers and the convenience of online shopping. This growth rate is impacted by the growing demand for alternative protein sources and the rise of vegetarian and vegan diets.

Customer preferences: Consumers in Kazakhstan are embracing the trend of flexitarianism, leading to a rise in demand for meat substitutes. This shift is driven by factors such as health and environmental concerns, as well as changing attitudes towards meat consumption. As a result, there is a growing market for plant-based protein alternatives, such as tofu, tempeh, and plant-based burgers. This trend is also influenced by the increasing number of vegetarian and vegan options in restaurants and supermarkets, catering to a diverse range of dietary preferences.

Trends in the market: In Kazakhstan, the Meat Substitutes Market is experiencing steady growth due to a rise in health consciousness among consumers. With a growing vegan and vegetarian population, there is a significant demand for meat alternatives made from plant-based proteins. Additionally, there is a trend of incorporating traditional ingredients such as soy and seitan into innovative and convenient products like burgers and sausages. This trajectory is expected to continue as millennials and Gen Z consumers prioritize ethical and sustainable food choices. For industry stakeholders, this presents an opportunity to tap into a niche market and diversify their product offerings to cater to evolving consumer preferences. However, it also poses challenges, such as the need for extensive research and development to create high-quality and nutritious substitutes.

Local special circumstances: In Kazakhstan, the Meat Substitutes Market of the Meat Market within The Food market is influenced by the country's large Muslim population and their dietary restrictions on consuming meat. This has led to an increase in demand for alternative protein sources such as plant-based meat substitutes. Additionally, the country's climate and geography make it difficult for traditional meat production, making meat substitutes a viable option. However, the market is also affected by government regulations, such as import restrictions on genetically modified organisms, which limit the availability of certain plant-based meat substitutes in the market.

Underlying macroeconomic factors: The Meat Substitutes Market of the Meat Market within The Food market in Kazakhstan is heavily influenced by macroeconomic factors. The country's economic health and stability, as well as global economic trends, play a significant role in the performance of this market. Fiscal policies, such as taxes and subsidies, also have a direct impact on the pricing and demand for meat substitutes. Other relevant financial indicators, such as consumer spending and inflation rates, can also affect market growth. Additionally, increasing health and environmental concerns, coupled with the growing trend of vegetarian and vegan diets, are driving the demand for meat substitutes in Kazakhstan. The government's support for sustainable and environmentally friendly food alternatives is also contributing to the growth of this market.

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.