The India plant-based meat market is expected to exhibit a growth rate (CAGR) of 26.3% during 2023-2028.
Plant-based meats are manufactured using various ingredients, such as soy, green peas, jack fruit, wheat gluten, legumes, beans, coconut oil, beet juice, vegetable proteins, nuts, and seeds, to feel, taste, and appear like real meat. They are considered healthier as plant-based meats are lower in saturated fats and calories compared to regular meats. They are a rich source of antioxidants, vitamins, minerals, and fiber that assist in maintaining a healthy gut microbiome balance. In addition, they offer several advantages, such as weight management, preventing heart diseases, and reducing the risk of cancers. At present, there is a rise in the demand for plant-based meats in India due to their associated health benefits.
India Plant-Based Meat Market Trends:
Various non-governmental organizations (NGOs) operating in India are currently generating awareness about animal rights, which represents one of the key factors driving the market. Moreover, the rising consumer interest in plant-based diets for health and ethical reasons is propelling the growth of the market. In addition, the growing utilization of plant-based meats in making food products, such as burgers, sausages, ham, and meatballs, is positively influencing the market in the country. Besides this, the rising consumption of these meats to treat protein deficiency among the masses is contributing to the growth of the market. Apart from this, the escalating demand for plant-based meats in India to prevent non-communicable diseases, obesity, and digestive disorders is bolstering the growth of the market. Furthermore, their wide availability through online and offline distribution channels, coupled with the burgeoning e-commerce industry in the country, is expected to strengthen the growth of the market in the coming years.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the India plant-based meat market report, along with forecasts at the country and regional level from 2023-2028. Our report has categorized the market based on product type, source, meat type and distribution channel.
Breakup by Product Type:
- Burger Patties
- Nuggets and Strips
- Ground Meat
Breakup by Source:
Breakup by Meat Type:
Breakup by Distribution Channel:
- Restaurants and Catering Industry
- Supermarkets and Hypermarkets
- Convenience and Specialty Stores
- Online Retail
Breakup by Region:
- North India
- West and Central India
- South India
- East India
The competitive landscape of the industry has also been examined along with the profiles of the key players.
|Base Year of the Analysis
||Product Type, Source, Meat Type, Distribution Channel, Region
||North India, West and Central India, South India, East India
||10% Free Customization
|Report Price and Purchase Option
||Single User License: US$ 2299
Five User License: US$ 3399
Corporate License: US$ 4499
|Post-Sale Analyst Support
||PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)