Market Overview 2022-20027:

The India vegan food market is expected to exhibit a CAGR of 11.32% 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.

A vegan diet includes the consumption of plant-based products, such as grains, nuts, seeds, fruits, beans, pulses, and vegetables. These products are rich in fiber, antioxidants, potassium, magnesium, folate, protein, minerals, complex carbohydrates, and vitamins A, C, and E. They provide numerous health benefits, which include lowering cholesterol levels, managing type 2 diabetes, and reducing the risk of cancer, heart diseases, and other medical ailments. As they also aid in minimizing the pain of arthritis, boosting mood, controlling A1C levels, promoting weight loss, and improving skin health, there is a rise in the number of individuals who are adopting a vegan diet across India.

India Vegan Food Market Trends:

The increasing awareness among people about the benefits of vegan food compared to animal-based food products represents one of the key factors influencing the market positively in India. Moreover, the rising prevalence of chronic diseases, along with the growing health consciousness among individuals, is catalyzing the demand for vegan food. Apart from this, restaurants and fast-food chains are nowadays offering vegan meat, waffles, burritos, pizza, ice cream, cookies, and brownies, which is stimulating the market growth. Furthermore, leading players are introducing packaged, dairy-free chocolates, milk, cheese, fat spreads, breakfast cereals, and unsweetened soya drinks that are fortified with vitamin D. This, coupled with the increasing number of individuals with lactose intolerance, is propelling the market growth. Besides this, the Government of India is encouraging the adoption of a sustainable diet featuring plant-based foods to help fight climate change and other environmental issues caused by animal agriculture and fishing. These initiatives are anticipated to drive the adoption of vegan food in the country.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the India vegan food market, along with forecasts at the country and regional level from 2022-2027. Our report has categorized the market based on product, source and distribution channel.

Breakup by Product:

• Dairy Alternatives
  • Cheese
  • Dessert
  • Snacks
  • Others
• Meat Substitutes
  • Tofu
  • TVP
  • Seiten
  • Quorn
  • Others
• Others
   

 Breakup by Source:

• Almond
• Soy
• Oats
• Wheat
• Others
   

Breakup by Distribution Channel:

• Supermarkets and Hypermarkets
• Convenience Stores
• Specialty Stores
• Online Stores
• Others
   

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: