Meat Substitutes - Qatar

Qatar

Revenue in the Meat Substitutes market amounts to US$3.03m in 2024. The market is expected to grow annually by 4.74% (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$1.11 are generated in 2024.
In the Meat Substitutes market, volume is expected to amount to 246.90k kg by 2029. The Meat Substitutes market is expected to show a volume growth of 5.2% in 2025.
The average volume per person in the Meat Substitutes market is expected to amount to 0.1kg in 2024.

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

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Analyst Opinion

The Meat Substitutes Market in Qatar has seen minimal growth due to consumer preference for traditional meat products, limited availability of substitutes, and lack of awareness. However, as health consciousness increases and demand for plant-based options rises, the market is expected to experience gradual growth in the coming years.

Customer preferences: The demand for meat substitutes is on the rise in Qatar, as more consumers are adopting plant-based diets for health and environmental reasons. This trend is driven by a growing awareness of the negative impacts of meat consumption, as well as an increasing emphasis on health and wellness. Additionally, the younger generation, which makes up a significant portion of Qatar's population, is more open to trying new and innovative food options, creating a favorable market for meat substitutes.

Trends in the market: In Qatar, the Meat Substitutes Market of the Meat Market within The Food market is experiencing a rising trend of plant-based and lab-grown meat alternatives. This trend is driven by a growing awareness of the health and environmental benefits of reducing meat consumption. As a result, major players in the food industry are investing in research and development of innovative meat substitutes. This trend is expected to continue, with potential implications for industry stakeholders such as increased competition and shifting consumer preferences.

Local special circumstances: In Qatar, the Meat Substitutes Market within The Food market is influenced by the country's high rate of meat consumption and increasing health consciousness. With a growing expat population, there is also a demand for plant-based options. However, the market is hindered by strict halal regulations, limiting the availability of certain substitutes. Additionally, the small domestic market size and reliance on imported goods also impact the availability and pricing of meat substitutes.

Underlying macroeconomic factors: The Meat Substitutes Market in Qatar is influenced by macroeconomic factors such as population growth, rising health consciousness, and increasing adoption of vegetarian and vegan diets. The country's strong economic growth and favorable business environment have also contributed to the market's expansion. Moreover, the government's initiatives to promote sustainable food production and reduce environmental impact are creating a favorable market environment for meat substitutes. Additionally, the growing trend of flexitarianism and the rising demand for plant-based protein sources are expected to drive the market growth in the coming years.

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.