This comprehensive India Plant-Based Food Products Market report by “MarkNtel Advisors: Leading Market research Company” offers valuable insights into the current and future market landscape, providing clarity on potential challenges and strategies for optimal brand positioning. It features detailed market segmentation, in-depth analysis of key market players, emerging trends in consumer behavior and supply chain dynamics, and opportunities in new geographical markets. With the insights from this report, you can manage your marketing strategies for goods and services more effectively.

“According to recent market analysis report, the India Plant-Based Food Products Market Size is expected to grow at a CAGR of 14% during the forecast period of 2023 to 2028.”

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Driving Force Behind the Growth of the India Plant-Based Food Products Market through 2028

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.

Market Segment Highlights:

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. It principally owes to the enormous vegetarian population, which is highly receptive to this trending product category. In response to this, the market behemoths have started including Plant-Based Meats like burger patties, tofu, sausage, and textured vegetable protein to satiate the mounting demands across the country. In fact, developed countries like the United States seek opportunities in consumer-oriented products as well as raw materials to aid domestic manufacturers.

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.)

India Plant-Based Food Products Market Geographical Outlook:

  • North
  • South
  • East
  • West
  • Northeast

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India Plant-Based Food Products Market Competition Analysis:

Some of the top India Plant-Based Food Products companies operating in the market are 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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