| Product Code: ETC8156760 | Publication Date: Sep 2024 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Summon Dutta | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
The Maldives continues to witness a significant increase in plant-based food and beverage imports, with top exporting countries being Sri Lanka, UK, India, USA, and China. The high Herfindahl-Hirschman Index (HHI) concentration in 2024 suggests a competitive market landscape. The impressive compound annual growth rate (CAGR) of 24.88% from 2020 to 2024 highlights the growing demand for plant-based products in the Maldives. Furthermore, the accelerated growth rate of 28.35% from 2023 to 2024 indicates a shift towards healthier and sustainable dietary choices among consumers in the region.

1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Maldives Plant-based Food and Beverages Market Overview |
3.1 Maldives Country Macro Economic Indicators |
3.2 Maldives Plant-based Food and Beverages Market Revenues & Volume, 2021 & 2031F |
3.3 Maldives Plant-based Food and Beverages Market - Industry Life Cycle |
3.4 Maldives Plant-based Food and Beverages Market - Porter's Five Forces |
3.5 Maldives Plant-based Food and Beverages Market Revenues & Volume Share, By Product Type, 2021 & 2031F |
3.6 Maldives Plant-based Food and Beverages Market Revenues & Volume Share, By Distribution Channel, 2021 & 2031F |
4 Maldives Plant-based Food and Beverages Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing consumer awareness about health and sustainability benefits of plant-based diets |
4.2.2 Growing demand for plant-based alternatives among vegan and vegetarian populations |
4.2.3 Government initiatives promoting sustainable agriculture and reducing carbon footprint |
4.3 Market Restraints |
4.3.1 Limited availability and variety of plant-based products in the Maldives market |
4.3.2 Higher price points of plant-based food and beverages compared to traditional options |
4.3.3 Lack of infrastructure for production and distribution of plant-based products |
5 Maldives Plant-based Food and Beverages Market Trends |
6 Maldives Plant-based Food and Beverages Market, By Types |
6.1 Maldives Plant-based Food and Beverages Market, By Product Type |
6.1.1 Overview and Analysis |
6.1.2 Maldives Plant-based Food and Beverages Market Revenues & Volume, By Product Type, 2021- 2031F |
6.1.3 Maldives Plant-based Food and Beverages Market Revenues & Volume, By Meat Substitutes, 2021- 2031F |
6.1.4 Maldives Plant-based Food and Beverages Market Revenues & Volume, By Dairy Alternative Beverages, 2021- 2031F |
6.1.5 Maldives Plant-based Food and Beverages Market Revenues & Volume, By Non-dairy Ice Cream, 2021- 2031F |
6.1.6 Maldives Plant-based Food and Beverages Market Revenues & Volume, By Non-dairy Cheese, 2021- 2031F |
6.1.7 Maldives Plant-based Food and Beverages Market Revenues & Volume, By Non-dairy Yogurt, 2021- 2031F |
6.1.8 Maldives Plant-based Food and Beverages Market Revenues & Volume, By Non-dairy Spreads, 2021- 2031F |
6.2 Maldives Plant-based Food and Beverages Market, By Distribution Channel |
6.2.1 Overview and Analysis |
6.2.2 Maldives Plant-based Food and Beverages Market Revenues & Volume, By Supermarkets/Hypermarkets, 2021- 2031F |
6.2.3 Maldives Plant-based Food and Beverages Market Revenues & Volume, By Convenience Stores, 2021- 2031F |
6.2.4 Maldives Plant-based Food and Beverages Market Revenues & Volume, By Online Retail Stores, 2021- 2031F |
6.2.5 Maldives Plant-based Food and Beverages Market Revenues & Volume, By Others, 2021- 2031F |
7 Maldives Plant-based Food and Beverages Market Import-Export Trade Statistics |
7.1 Maldives Plant-based Food and Beverages Market Export to Major Countries |
7.2 Maldives Plant-based Food and Beverages Market Imports from Major Countries |
8 Maldives Plant-based Food and Beverages Market Key Performance Indicators |
8.1 Number of new plant-based product launches in the Maldives market |
8.2 Percentage increase in the number of vegan and vegetarian restaurants in the Maldives |
8.3 Growth in the number of partnerships between local farmers and plant-based food manufacturers |
9 Maldives Plant-based Food and Beverages Market - Opportunity Assessment |
9.1 Maldives Plant-based Food and Beverages Market Opportunity Assessment, By Product Type, 2021 & 2031F |
9.2 Maldives Plant-based Food and Beverages Market Opportunity Assessment, By Distribution Channel, 2021 & 2031F |
10 Maldives Plant-based Food and Beverages Market - Competitive Landscape |
10.1 Maldives Plant-based Food and Beverages Market Revenue Share, By Companies, 2024 |
10.2 Maldives Plant-based Food and Beverages Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |