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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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