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India Plant-Based Meat Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

Market Overview:

The India plant-based meat market is expected to exhibit a CAGR of 27.80% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic. These insights are included in the report as a major market contributor.

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, along with forecasts at the country and regional level from 2022-2027. Our report has categorized the market based on product type, source, meat type and distribution channel.

Breakup by Product Type:

  • Burger Patties
  • Sausages
  • Nuggets and Strips
  • Ground Meat
  • Meatballs
  • Others
     

Breakup by Source:

  • Soy
  • Wheat
  • Peas
  • Others
     

Breakup by Meat Type:

  • Chicken
  • Beef
  • Pork
  • Others
     

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
     

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players.

Report Coverage:

Report Features Details
Base Year of the Analysis 2021
    Historical Period 2016-2021
Forecast Period 2022-2027
Units US$ Million
Segment Coverage Product Type, Source, Meat Type, Distribution Channel, Region
Region Covered North India, West and Central India, South India, East India
Customization Scope 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 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

 

1    Preface
2    Scope and Methodology

    2.1    Objectives of the Study
    2.2    Stakeholders
    2.3    Data Sources
        2.3.1    Primary Sources
        2.3.2    Secondary Sources
    2.4    Market Estimation
        2.4.1    Bottom-Up Approach
        2.4.2    Top-Down Approach
    2.5    Forecasting Methodology
3    Executive Summary
4    Introduction

    4.1    Overview
    4.2    Key Industry Trends
5    India Plant-Based Meat Market
    5.1    Market Overview
    5.2    Market Performance
    5.3    Impact of COVID-19
    5.4    Market Forecast
6    Market Breakup by Product Type
    6.1    Burger Patties 
        6.1.1 Market Trends
        6.1.2 Market Forecast
    6.2    Sausages
        6.2.1 Market Trends
        6.2.2 Market Forecast
    6.3    Nuggets and Strips
        6.3.1 Market Trends
        6.3.2 Market Forecast
    6.4    Ground Meat
        6.4.1 Market Trends
        6.4.2 Market Forecast
    6.5    Meatballs
        6.5.1 Market Trends
        6.5.2 Market Forecast
    6.6    Others
        6.6.1 Market Trends
        6.6.2 Market Forecast
7    Market Breakup by Source
    7.1    Soy
        7.1.1 Market Trends
        7.1.2 Market Forecast
    7.2    Wheat
        7.2.1 Market Trends
        7.2.2 Market Forecast
    7.3    Peas 
        7.3.1 Market Trends
        7.3.2 Market Forecast
    7.4    Others 
        7.4.1 Market Trends
        7.4.2 Market Forecast
8    Market Breakup by Meat Type
    8.1    Chicken
        8.1.1 Market Trends
        8.1.2 Market Forecast
    8.2    Beef
        8.2.1 Market Trends
        8.2.2 Market Forecast
    8.3    Pork
        8.3.1 Market Trends
        8.3.2 Market Forecast
    8.4    Others
        8.4.1 Market Trends
        8.4.2 Market Forecast
9    Market Breakup by Distribution Channel
    9.1    Restaurant and Catering Industry
        9.1.1 Market Trends
        9.1.2 Market Forecast
    9.2    Supermarkets and Hypermarkets
        9.2.1 Market Trends
        9.2.2 Market Forecast
    9.3    Convenience and Specialty Stores        
        9.3.1 Market Trends
        9.3.2 Market Forecast
    9.4    Online Retail
        9.4.1 Market Trends
        9.4.2 Market Forecast
10    Market Breakup by Region
    10.1    North India
        10.1.1 Market Trends
        10.1.2 Market Breakup by State
        10.1.3 Market Forecast
    10.2    West and Central India
        10.2.1 Market Trends
        10.2.2 Market Breakup by State
        10.2.3 Market Forecast
    10.3    South India
        10.3.1 Market Trends
        10.3.2 Market Breakup by State
        10.3.3 Market Forecast
    10.4    East India
        10.4.1 Market Trends
        10.4.2 Market Breakup by State
        10.4.3 Market Forecast
11    SWOT Analysis
    11.1    Overview
    11.2    Strengths
    11.3    Weaknesses
    11.4    Opportunities
    11.5    Threats
12    Value Chain Analysis
13    Porters Five Forces Analysis

    13.1    Overview
    13.2    Bargaining Power of Buyers
    13.3    Bargaining Power of Suppliers
    13.4    Degree of Competition
    13.5    Threat of New Entrants
    13.6    Threat of Substitutes
14    Price Analysis
15    Policy and Regulatory Landscape
16    Competitive Landscape

    16.1    Market Structure
    16.2    Key Players
    16.3    Profiles of Key Players

List of Figures

Figure 1: India: Plant-Based Meat Market: Major Drivers and Challenges
Figure 2: India: Plant-Based Meat Market: Sales Value (in Million US$), 2016-2021
Figure 3: India: Plant-Based Meat Market: Breakup by Product Type (in %), 2021
Figure 4: India: Plant-Based Meat Market: Breakup by Source (in %), 2021
Figure 5: India: Plant-Based Meat Market: Breakup by Meat Type (in %), 2021
Figure 6: India: Plant-Based Meat Market: Breakup by Distribution Channel (in %), 2021
Figure 7: India: Plant-Based Meat Market: Breakup by Region (in %), 2021
Figure 8: India: Plant-Based Meat Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 9: India: Plant-Based Meat (Burger Patties) Market: Sales Value (in Million US$), 2016 & 2021
Figure 10: India: Plant-Based Meat (Burger Patties) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 11: India: Plant-Based Meat (Sausages) Market: Sales Value (in Million US$), 2016 & 2021
Figure 12: India: Plant-Based Meat (Sausages) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 13: India: Plant-Based Meat (Nuggets and Strips) Market: Sales Value (in Million US$), 2016 & 2021
Figure 14: India: Plant-Based Meat (Nuggets and Strips) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 15: India: Plant-Based Meat (Ground Meat) Market: Sales Value (in Million US$), 2016 & 2021
Figure 16: India: Plant-Based Meat (Ground Meat) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 17: India: Plant-Based Meat (Meatballs) Market: Sales Value (in Million US$), 2016 & 2021
Figure 18: India: Plant-Based Meat (Meatballs) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 19: India: Plant-Based Meat (Other Product Types) Market: Sales Value (in Million US$), 2016 & 2021
Figure 20: India: Plant-Based Meat (Other Product Types) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 21: India: Plant-Based Meat (Soy) Market: Sales Value (in Million US$), 2016 & 2021
Figure 22: India: Plant-Based Meat (Soy) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 23: India: Plant-Based Meat (Wheat) Market: Sales Value (in Million US$), 2016 & 2021
Figure 24: India: Plant-Based Meat (Wheat) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 25: India: Plant-Based Meat (Peas) Market: Sales Value (in Million US$), 2016 & 2021
Figure 26: India: Plant-Based Meat (Peas) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 27: India: Plant-Based Meat (Other Sources) Market: Sales Value (in Million US$), 2016 & 2021
Figure 28: India: Plant-Based Meat (Other Sources) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 29: India: Plant-Based Meat (Chicken) Market: Sales Value (in Million US$), 2016 & 2021
Figure 30: India: Plant-Based Meat (Chicken) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 31: India: Plant-Based Meat (Beef) Market: Sales Value (in Million US$), 2016 & 2021
Figure 32: India: Plant-Based Meat (Beef) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 33: India: Plant-Based Meat (Pork) Market: Sales Value (in Million US$), 2016 & 2021
Figure 34: India: Plant-Based Meat (Pork) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 35: India: Plant-Based Meat (Other Meat Types) Market: Sales Value (in Million US$), 2016 & 2021
Figure 36: India: Plant-Based Meat (Other Meat Types) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 37: India: Plant-Based Meat (Restaurants and Catering Industry) Market: Sales Value (in Million US$), 2016 & 2021
Figure 38: India: Plant-Based Meat (Restaurants and Catering Industry) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 39: India: Plant-Based Meat (Supermarkets and Hypermarkets) Market: Sales Value (in Million US$), 2016 & 2021
Figure 40: India: Plant-Based Meat (Supermarkets and Hypermarkets) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 41: India: Plant-Based Meat (Convenience and Specialty Stores) Market: Sales Value (in Million US$), 2016 & 2021
Figure 42: India: Plant-Based Meat (Convenience and Specialty Stores) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 43: India: Plant-Based Meat (Online Retail) Market: Sales Value (in Million US$), 2016 & 2021
Figure 44: India: Plant-Based Meat (Online Retail) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 45: North India: Plant-Based Meat Market: Sales Value (in Million US$), 2016 & 2021
Figure 46: North India: Plant-Based Meat Market: Breakup by State (in %), 2021
Figure 47: North India: Plant-Based Meat Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 48: West and Central India: Plant-Based Meat Market: Sales Value (in Million US$), 2016 & 2021
Figure 49: West and Central India: Plant-Based Meat Market: Breakup by State (in %), 2021
Figure 50: West and Central India: Plant-Based Meat Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 51: South India: Plant-Based Meat Market: Sales Value (in Million US$), 2016 & 2021
Figure 52: South India: Plant-Based Meat Market: Breakup by State (in %), 2021
Figure 53: South India: Plant-Based Meat Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 54: East India: Plant-Based Meat Market: Sales Value (in Million US$), 2016 & 2021
Figure 55: East India: Plant-Based Meat Market: Breakup by State (in %), 2021
Figure 56: East India: Plant-Based Meat Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 57: India: Plant-Based Meat Industry: SWOT Analysis
Figure 58: India: Plant-Based Meat Industry: Value Chain Analysis
Figure 59: India: Plant-Based Meat Industry: Porter’s Five Forces Analysis

List of Tables

Table 1: India: Plant-Based Meat Market: Key Industry Highlights, 2021 and 2027
Table 2: India: Plant-Based Meat Market Forecast: Breakup by Product Type (in Million US$), 2022-2027
Table 3: India: Plant-Based Meat Market Forecast: Breakup by Source (in Million US$), 2022-2027
Table 4: India: Plant-Based Meat Market Forecast: Breakup by Meat Type (in Million US$), 2022-2027
Table 5: India: Plant-Based Meat Market Forecast: Breakup by Distribution Channel (in Million US$), 2022-2027
Table 6: India: Plant-Based Meat Market Forecast: Breakup by Region (in Million US$), 2022-2027
Table 7: India: Plant-Based Meat Market: Competitive Structure
Table 8: India: Plant-Based Meat Market: Key Players


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Key Questions Answered in This Report

We expect the India plant-based meat market to exhibit a CAGR of 27.80% during 2022-2027.

The emerging trend of veganism, along with introduction of several awareness programs by numerous animal welfare organizations to reduce excessive animal killing for meat production, is primarily driving the India plant-based meat market.

The sudden outbreak of the COVID-19 pandemic has led to the changing consumer inclination from conventional brick-and-mortar distribution channels towards online retail platforms for the purchase of plant-based meat across the nation.

Based on the product type, the India plant-based meat market has been divided into burger patties, sausages, nuggets and strips, ground meat, meatballs, and others. Among these, burger patties exhibit a clear dominance in the market.

Based on the source, the India plant-based meat market can be categorized into soy, wheat, peas, and others. Currently, soy accounts for the majority of the total market share.

Based on the distribution channel, the India plant-based meat market can be bifurcated into restaurants and catering industry, supermarkets and hypermarkets, convenience and specialty stores, and online retail. Among these, supermarkets and hypermarkets exhibit a clear dominance in the market.

On a regional level, the market has been classified into North India, West and Central India, South India, and East India, where West and Central India currently dominates the India plant-based meat market.

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