| Product Code: ETC8161919 | Publication Date: Sep 2024 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Sumit Sagar | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
Maldives saw a significant rise in vegetable protein imports in 2024, with top exporting countries including Sri Lanka, UK, India, USA, and China. The Herfindahl-Hirschman Index (HHI) indicated high concentration in the market. The compound annual growth rate (CAGR) from 2020 to 2024 stood impressively at 24.88%, with a notable growth rate of 28.35% in 2024 alone. This data suggests a growing demand for vegetable protein in Maldives, highlighting opportunities for market players to capitalize on this trend.

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 Vegetable Protein Market Overview |
3.1 Maldives Country Macro Economic Indicators |
3.2 Maldives Vegetable Protein Market Revenues & Volume, 2021 & 2031F |
3.3 Maldives Vegetable Protein Market - Industry Life Cycle |
3.4 Maldives Vegetable Protein Market - Porter's Five Forces |
3.5 Maldives Vegetable Protein Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Maldives Vegetable Protein Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Maldives Vegetable Protein Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing consumer awareness about health benefits of vegetable proteins |
4.2.2 Growing trend towards vegetarian and vegan diets |
4.2.3 Rising demand for plant-based food products |
4.3 Market Restraints |
4.3.1 Limited availability of locally produced vegetable protein sources |
4.3.2 High import costs for vegetable protein products |
4.3.3 Lack of infrastructure for manufacturing and distribution of vegetable protein products |
5 Maldives Vegetable Protein Market Trends |
6 Maldives Vegetable Protein Market, By Types |
6.1 Maldives Vegetable Protein Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Maldives Vegetable Protein Market Revenues & Volume, By Type, 2021- 2031F |
6.1.3 Maldives Vegetable Protein Market Revenues & Volume, By Wheat Protein, 2021- 2031F |
6.1.4 Maldives Vegetable Protein Market Revenues & Volume, By Soy Protein Concentrate, 2021- 2031F |
6.1.5 Maldives Vegetable Protein Market Revenues & Volume, By Soy Protein Isolate, 2021- 2031F |
6.1.6 Maldives Vegetable Protein Market Revenues & Volume, By Textured Soy Protein, 2021- 2031F |
6.1.7 Maldives Vegetable Protein Market Revenues & Volume, By Pea Protein, 2021- 2031F |
6.2 Maldives Vegetable Protein Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Maldives Vegetable Protein Market Revenues & Volume, By Feed, 2021- 2031F |
6.2.3 Maldives Vegetable Protein Market Revenues & Volume, By Bakery Food Ingredients, 2021- 2031F |
6.2.4 Maldives Vegetable Protein Market Revenues & Volume, By Nutrition Health Care Products, 2021- 2031F |
6.2.5 Maldives Vegetable Protein Market Revenues & Volume, By Meat Substitutes, 2021- 2031F |
6.2.6 Maldives Vegetable Protein Market Revenues & Volume, By Beverage, 2021- 2031F |
6.2.7 Maldives Vegetable Protein Market Revenues & Volume, By Others, 2021- 2031F |
7 Maldives Vegetable Protein Market Import-Export Trade Statistics |
7.1 Maldives Vegetable Protein Market Export to Major Countries |
7.2 Maldives Vegetable Protein Market Imports from Major Countries |
8 Maldives Vegetable Protein Market Key Performance Indicators |
8.1 Percentage increase in the number of vegetarian/vegan restaurants in Maldives |
8.2 Growth in the number of retail outlets offering vegetable protein products |
8.3 Percentage of consumers indicating a preference for plant-based protein sources |
9 Maldives Vegetable Protein Market - Opportunity Assessment |
9.1 Maldives Vegetable Protein Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Maldives Vegetable Protein Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Maldives Vegetable Protein Market - Competitive Landscape |
10.1 Maldives Vegetable Protein Market Revenue Share, By Companies, 2024 |
10.2 Maldives Vegetable Protein Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |
Export potential enables firms to identify high-growth global markets with greater confidence by combining advanced trade intelligence with a structured quantitative methodology. The framework analyzes emerging demand trends and country-level import patterns while integrating macroeconomic and trade datasets such as GDP and population forecasts, bilateral import–export flows, tariff structures, elasticity differentials between developed and developing economies, geographic distance, and import demand projections. Using weighted trade values from 2020–2024 as the base period to project country-to-country export potential for 2030, these inputs are operationalized through calculated drivers such as gravity model parameters, tariff impact factors, and projected GDP per-capita growth. Through an analysis of hidden potentials, demand hotspots, and market conditions that are most favorable to success, this method enables firms to focus on target countries, maximize returns, and global expansion with data, backed by accuracy.
By factoring in the projected importer demand gap that is currently unmet and could be potential opportunity, it identifies the potential for the Exporter (Country) among 190 countries, against the general trade analysis, which identifies the biggest importer or exporter.
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