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Factory to produce plant-based meat substitute food
Establishing a plant to produce plant-based meat substitute foods in Saudi Arabia, using modern technologies based on plant-based proteins such as soybeans, peas, and lentils. The plant will provide a variety of products such as veggie burgers, sausages, kofta, and alternative minced meat, with a focus on high quality and flavors suitable for the local palate.
Study content
Rationale for choosing the project
Rely on local production: Minimize imports and promote self-sufficiency in healthy foods.
Alignment with Vision 2030: Promote a sustainable food manufacturing sector.
Environmental protection: Reduce carbon emissions compared to traditional meat production.
Innovation in the food industry: Providing healthy products that meet the needs of the Saudi and GCC market.
Investment advantages
A growing market: Growing demand for plant-based alternatives to meat in Saudi Arabia and the GCC.
Competitive advantage: Local production reduces dependence on imports and ensures speed of distribution and quality of products.
Export opportunities: Potential to expand to neighboring markets in the Middle East and North Africa.
Government incentives: Supporting the industrial sector through financing facilities and tax exemptions.
Growing health awareness: Consumers are moving towards healthy and plant-based foods as part of a healthy lifestyle.
Demand analysis
Growing global demand: The plant-based food sector is experiencing rapid growth driven by health awareness, environmental sustainability, and consumer trends towards healthier diets.
Local and GCC market: Demand in Saudi Arabia and the GCC for plant-based meat alternatives is growing due to the increasing number of consumers who are interested in healthy and environmentally conscious eating.
Restaurants and stores: The number of restaurants offering vegetarian options is increasing, and supermarkets are expanding their offerings of alternative meat products.
Government support: The Kingdom is moving towards enhancing food security and encouraging investments in sustainable food industries.
Financial indicators
The size of the investment: 50 – 80 million riyals.
Expected annual revenue: Up to SAR 100 million within 5 years.
Expected net profit: 8-12% in the first year, rising to 25-30% in the fifth year.
Payback period: 4-6 years.
Internal Rate of Return (IRR): 18-25%.
Break-even point: Within 2 – 3 years.
Features of the project
Using advanced technologies: Produce high-quality meat substitutes using modern technologies.
Variety of products: Providing a wide variety of plant-based products to meet the needs of different consumers.
Keeping local tastes in mind: Developing flavors and recipes that suit the region’s food habits.
Future expansion: Potential to develop new product lines that include plant-based dairy and other healthy food products.
Quality certificates: Adherence to international and local standards to ensure the best quality for consumers.
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