Dubai, UAE – 9 November 2020: By 2040, the majority of protein consumed by humans will not come from animals, but rather from plant substitutes or cultivated meat, according to Kearney, a leading global management consulting firm.
Additionally, according to Data Bridge Market Research, the Middle East and Africa (MEA) alternative proteins market is forecast to grow at a compound annual growth rate (CAGR) of 12.3% from 2020 to 2027 and is expected to a value reach USD1.03 billion, prompting major food producers to accelerate their efforts to transition towards developing more meat alternative products.
This sharp rise in demand, driven by health-conscious consumers, was in focus at the seventh edition of Gulfood Manufacturing.
Commenting on the rapidly evolving trend, Stephanie von Stein, Associate Director International Engagement, The Good Food Institute said: “Alternative proteins are an emerging and promising category, which will help us feed the world’s population, which is set to reach 10 billion. We can’t produce enough meat, so we need alternative technologies to make that happen.
"Alternative proteins are a key climate solution. Tremendous opportunities exist for companies and investors to participate at every point along the value chain.”
Please find the supporting video here - https://we.tl/t-d77P8OqGnx
Gulfood Manufacturing will return next year from 8 – 10 November 2022.
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About Gulfood Manufacturing
Launched in 2014, Gulfood Manufacturing is a sector-specific trade exhibition and crucial meeting place for ingredients, processing, packaging and food logistics providers from all corners of the globe who service the rapidly growing food and beverage production industries across the Middle East, Europe, Africa, Far East and Sub-Continent. The event provides food manufacturers with direct access to the latest innovative ingredients, equipment and business improvement tools that enable more efficient production and distribution. Gulfood Manufacturing has six focused sectors: Ingredients, Processing, Packaging, Printing and Labeling, Automation and Controls and Supply Chain Solutions. Gulfood Manufacturing 9 takes place from 7 – 9 November 2021.
About Dubai World Trade Centre (DWTC)
DWTC brings more than 35 years’ experience delivering world-class events in the Middle East and provides local, regional and international exhibitors with unmatched expertise and in-depth market knowledge. Our team organises more than 20 of the largest and most successful international and regional shows in Middle East, providing an ideal platform for business development in the region. Our commitment to on-going innovation within the exhibition industry has supported the rapid growth and development of a wide range of business-to-business and business-to-consumer shows and delivered consistent satisfaction to exhibitors and visitors. DWTC works with the leading trade bodies and industry associations to ensure that all exhibitions deliver full value and are built upon the real needs of their specific sector.
For more information, please contact:
Naina Chaudhary
MCS/Action
+971 4 3902980
naina.c@actionprgroup.com
Sura Manhal Al Yaziji
PR and Media Relations Manager, Dubai World Trade Center
+971 4 3086087
sura.alyaziji@dwtc.com
© Press Release 2021
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