Middle Eastern region is neither developed nor developing economy. It stays disputed under which category it is more prominent as it is more often labelled as developed in terms of vast oil deposits. In terms of basic facilities, they are developing because of lack of proper education and poor healthcare facilities. The income distribution is very unequal as the gap between the rich and the poor is very high. Middle East being the world’s most important source of energy has a significant impact on the global economy as a whole. The pandemic has created new group of poor people in Middle East and North Africa, impacting more on small and informal business owners. Unemployment rate has increased to a large extent among the youth and women in this region. The pandemic has increased pre-existing inequalities in social, political and economic systems. South Africa is also a developing country with high number of unemployed population and poverty despite rich natural resources and largest industrialized country. Less than 5% of south africa’s populace is vegetarian and 20% are in line of limiting meat intake. Veganism is slowly seeping into this country with fifth highest vegan food ordering country through UberEats an online food platform. It increased significantly during the lockdown period as populace is determined to healthy eating habits. Though veganism is widespread here, many misconceptions wander into the minds of consumers like it has bland taste, costly and lacks nutrition.
According to the research report “Middle East & South Africa Plant Based Milk Market Outlook, 2026″ published by Bonafide Research, the plant based milk market is expected to grow rapidly at a CAGR of 12.30% during the forecast period. The plant based milk market is under developed in this region, which results in a less than five per cent share globally. However, South Africa leads the plant based milk market in this region with 70% consumption from soy milk. MEA leads…