Charting Growth: India Plant-Based Food Products Market By 2028, Showcasing a CAGR of 14% – MarkNtel Advisors

Charting Growth: India Plant-Based Food Products Market By 2028, Showcasing a CAGR of 14% - MarkNtel Advisors

How big is the India Plant-Based Food Products market?

According to MarkNtel Advisors study, 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.

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Key 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.

Leading Companies in the India Plant-Based Food Products market:

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

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India Plant-Based Food Products Market Segmentation:

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.)

Here, Plant-Based Meat has garnered the maximum market share among others in the historical period and is likely to prevail in the same trend during the forecast period.

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.)

Regional/ Countries Insight:

  • North
  • South
  • East
  • West
  • Northeast

Note: Should you require specific information beyond the current scope of the report, we are prepared to furnish it as part of our customization services.

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About MarkNtel Advisors:

MarkNtel Advisors is a leading consulting, data analytics, and market research company that provides an extensive range of strategic reports on diverse industry verticals. We being a qualitative & quantitative research company, strive to deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, and individuals, among others.

We have our existence across the market for many years and have conducted multi-industry research across 80+ countries, spreading our reach across numerous regions like America, Asia-Pacific, Europe, the Middle East & Africa, etc., and many countries across the regional scale, namely, the US, India, the Netherlands, Saudi Arabia, the UAE, Brazil, and several others.

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