GCC Vegan Food Market Size, Trends, Demand and Report 2023-2028

How Big Is the GCC Vegan Food Market?

The GCC vegan food market is projected to exhibit a growth rate (CAGR) of 12.89% during 2023-2028. The growing awareness among individuals regarding the benefits of vegan food, the development of innovative plant-based alternatives, and the implementation of government initiatives to promote healthy eating represent some of the key factors driving the market.

What is GCC Vegan Food?

Vegan food refers to a dietary choice that includes foods derived from animals such as meat, dairy, eggs, and honey and excludes all animal products and by-products. It is fortified with essential nutrients like fiber, vitamins C and K, potassium, magnesium, and antioxidants. It contains low saturated fats levels, which contributes to reduced risk of certain chronic diseases. It helps lower the risk of chronic conditions such as heart disease, type 2 diabetes, and certain types of cancer. It also contributes to weight loss or management due to their lower calorie density. Besides this, it aids in reducing land use, water consumption, and greenhouse gas emissions.

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Industry Trends and Drivers:
The increasing health and wellness awareness among individuals in the GCC region is encouraging them to adopt plant-based diets. Additionally, the rising concerns about environmental sustainability and the carbon footprint of traditional agriculture are driving the demand for vegan diets with low environmental impact. Furthermore, the governing authorities of various countries in the GCC region are undertaking initiatives to promote healthy eating and sustainable practices, which is contributing to the market growth. Moreover, the introduction of innovative plant-based products, such as vegan meat substitutes, dairy-free alternatives, and plant-based snacks, is attracting a wider consumer base seeking diverse culinary experiences. Apart from this, the expansion of vegan restaurants and cafes in the GCC region is driving the market.

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What Is Included In Market Segmentation?

The report has been segmented the market into following categories:

Product Insights:
• Dairy Alternatives
o Cheese
o Desserts
o Snacks
o Others
• Meat Substitutes
o Tofu
o Texturized Vegetable Protein (TVP)
o Seiten
o Quorn
o Others
• Others

Source Insights:
• Almond
• Soy
• Oats
• Wheat
• Others

Distribution Channel Insights:
• Supermarkets and Hypermarkets
• Convenience Stores
• Specialty Stores
• Online Stores
• Others

Country Insights:
• Saudi Arabia
• UAE
• Qatar
• Bahrain
• Kuwait
• Oman

Key Benefits for Stakeholders:

• IMARC's report offers a comprehensive quantitative analysis of various market segments, historical and current market trends, market forecasts, and dynamics of the GCC vegan food market from 2017-2028.
• The research study provides the latest information on the market drivers, challenges, and opportunities in the GCC vegan food market.
• Porter's five forces analysis assist stakeholders in assessing the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. It helps stakeholders to analyze the level of competition within the GCC vegan food industry and its attractiveness.
• Competitive landscape allows stakeholders to understand their competitive environment and provides an insight into the current positions of key players in the market.

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