India Plant-Based Food Products Market Size, Share and Competitive Insight Report 2028

India Plant-Based Food Products Market Poised for Robust Growth, forecasted to Expand at 14% CAGR from 2023-28

MarkNtel Advisors has released its latest report highlighting strong growth in The India Plant-Based Food Products Market is projected to grow at a CAGR of around 14% during the forecast period, i.e., 2023-28.

Report Coverage

This report offers a comprehensive analysis of the India Plant-Based Food Products Market, providing valuable insights across historical trends, current dynamics, and future forecasts.

• Base Year: 2022
• Forecast Years: 2023-28
• Historical Years: 2018-21

India Plant-Based Food Products Market Overview

The market is predominantly propelled by a variety of consumer groups such as urban & middle-class consumers, millennials and other young populations, health conscious and ethical buyers, protein deficient consumers, and non-vegetarians & 'guilty' meat eaters, among others, posing the demand for plant-based food products.

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India Plant-Based Food Products Market Segmentation Outlook

The India Plant-Based Food Products is categorized into notable segments, which help in understanding the structure, dynamics, and opportunities within the market. These segments are typically based on:

By Type

• Plant-Based Meat
  • Burger Patties
  • Sausage
  • Textured Vegetable Protein
  • Tofu
  • Seitan
  • Others (Nuggets, Meatballs, etc.)
• Plant-Based Dairy
  • Milk
  • Cheese
  • Yogurt
  • Others (Cream, Condensed milk, etc.)
• Plant-Based Bakery
• Plant-Based Confectionary
• Others (Plant-Based Snacks, Egg Alternatives, etc.)

By Sales Channel

• Business-to-Business
• Business-to-Consumer
  • Hypermarket
  • Convenience Store
  • Online

By Source

• Soy Protein
• Almond Protein
• Wheat Protein
• Pea Protein
• Others (Rice Protein, etc.)

By Region

• North
• South
• East
• West
• Northeast

India Plant-Based Food Products Market Driver

A Substantial Number of Flexitarian Populations Across the country- Religious customs and ethical considerations have influenced vegetarianism in India for ages. As per recent census data by the Government of India (GOI), The country has the highest number of vegetarians globally, accounting for 30 percent of the country's population. The remaining population falls under the 'flexitarian' who has a generally vegetarian diet with only occasional meat or fish consumption. These factors have called for more plant-based food products across the retail networks, accelerating the market growth with a sizable revenue share during the forecast period.

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Top India Plant-Based Food Products Market Brands & Their Strategic Market Positioning

MarkNtel Advisors Research identifies Amy's Kitchen Inc., Axiom Foods, Daiya Foods, Ahimsa Foods, Nestlé S.A., Evolved Foods, Nutiva, Inc., Schouten Food, GoodDot, Vezlay, Others as key players shaping the market landscape.

India Plant-Based Food Products Market News

In September 2022, India exported the first consignment of plant-based meat products to California, USA, from Nadiad, Kheda district of Gujarat. The exported food products include mini samosas, patties, nuggets, momos, spring rolls, and burgers.

In September 2021, Archer Daniels Midland (ADM) recently collaborated with Imagine Meats, an Indian producer of plant-based meat substitutes. ADM seeks to source raw ingredients alongside a technology partnership to manufacture products under the Imagine Meats brand. Imagine Meats intends to develop plant-based versions of traditional Indian dishes such as biryani, kebabs, and curry made from soy and pea proteins.

Key Questions Answered in the Report

• What is the market size (value & volume) along with the current & future trends, growth factors & challenges, etc.?
• How the industry has been evolving, and which segments would dominate the market during the forecast period?
• What are the key opportunity areas that companies foresee in the coming years 2028?
• Who are the key players in the market, and what are their competitive strengths?
• What are the key growth drivers & challenges associated with the market, and how would they impact the market through the forecast period?

Need tailored data? We offer customized forecasts by region, product segmentation, and competitive intelligence upon request — now with an exclusive special pricing offer – Customized Link –

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