India Plant-Based Food Products Market Trends, Analysis, and Future Outlook

India Plant-Based Food Products Market Projected to Expand at 14% CAGR Through 2028

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. 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.

✅In case you missed it, we are currently revising our reports. Click on the below to get the latest research data with forecast for years 2025 to 2030, including market size, industry trends, and competitive analysis. It wouldn’t take long for the team to deliver the most recent version of the report.

If you’re interested in the assumptions considered in this study, you can download the PDF brochure- https://www.marknteladvisors.com/query/request-sample/india-plant-based-food-products-market.html

Strategic Takeaways from the Report:

Market Sizing and Forecasting
Regulatory and Policy Influence
Competitive Trends and MA Activity
Innovation Drivers and Disruptive Technologies
Investment Hotspots and Emerging Niches
Geographical Dynamics and Trade Flows

India Plant-Based Food Products Market Segment Overview Classification

This market is categorized to offer targeted insights across various operational and consumer-related verticals.

Segment List:

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.

These divisions help clarify demand patterns and expected shifts.

Market Opportunities

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.

India Plant-Based Food Products Market Competitive Snapshot from 2023-2028

The report highlights established and emerging players in the global India Plant-Based Food Products Market, evaluating their strengths, challenges, and potential for innovation.

Key Competitors Include:

Amy's Kitchen Inc.
Axiom Foods
Daiya Foods
Ahimsa Foods
Nestlé S.A.
Evolved Foods
Nutiva, Inc.
Schouten Food
GoodDot
Vezlay
Others.

Their activities include partnerships, product launches, and geographic expansions.

India Plant-Based Food Products Industry Trends

Ever-Increasing Veganism Trend - With a significant population of the country turning vegan, the demand for plant-based foods has escalated in the past few years. Due to their rich fiber and lesser cholesterol contents, vegan food products are emerging a better and healthy substitute for animal-based food products across the globe. The popularity has been apparently influenced by the trends in developed countries. As such, the market players are not only looking forward to satiating the domestic demands but also seeking to expand by strengthening their export capacity in the coming years.

Frequently Asked Questions (FAQs):

What industries are most impacted by this market?
How is technology reshaping operations and offerings?
Which competitors dominate the landscape?
What risks could disrupt market expansion?
How should businesses respond to demand fluctuations?

“Report Delivery Format: Market research reports from MarkNtel Advisors are available in PDF, Excel, and PowerPoint formats. Once payment is successfully processed, the report will be delivered to your email address within 24 hours”

Other Report:

Note: If you need additional information not included in the report, we can customize it to suit your requirements. https://www.marknteladvisors.com/query/request-customization/india-plant-based-food-products-market.html

Why Trust MarkNtel Advisors?

In-depth primary and secondary data validation
Focused on practical insights, not just raw numbers
Designed to support business strategy, not just reporting
Strong industry connections and real-time data flow
Transparent methodology and reliable sourcing

About Us –

We are a leading market research company, consulting, data analytics firm that provides an extensive range of strategic reports on diverse industry verticals. We deliver data to a substantial varied client base, including multinational corporations, financial institutions, governments, individuals, among others.

Our specialization in niche industries emerging geographies allows our clients to formulate their strategies in a much more informed way and entail parameters like Go-to-Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing forecasting, trend analysis, among others, for 15 diverse industrial verticals.

Email: sales@marknteladvisors.com

Sales Office: 564 Prospect St, B9, New Haven, Connecticut, USA-06511

Address Corporate Office: Office No.109, H-159, Sector 63, Noida, Uttar Pradesh-201301, India