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India Vegan Food Market to Grow at 11.32% During 2022-2027, Propelled by Shifting Dietary Patterns

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India Vegan Food Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

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.

 

 
 

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Note: Values and trends in the above chart consists of dummy data and are only shown here for representation purpose. Kindly contact us for the actual market size and trends.

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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:

 

 
 

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Note: Values and trends in the above chart consists of dummy data and are only shown here for representation purpose. Kindly contact us for the actual market size and trends.

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  • 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:

Report Features Details
Base Year of the Analysis 2021
Historical Period 2016-2021
Forecast Period 2022-2027
Units US$ Million
Segment Coverage Product, Source, 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 Vegan Food Market
    5.1    Market Overview
    5.2    Market Performance
    5.3    Impact of COVID-19
    5.4    Market Forecast
6   Market Breakup by Product 
    6.1    Dairy Alternatives
        6.1.1 Market Trends
        6.1.2 Market Breakup by Type
            6.1.2.1 Cheese
               6.1.2.1.1 Market Trends
               6.1.2.1.2 Market Forecast
            6.1.2.2 Dessert
               6.1.2.2.1 Market Trends
               6.1.2.2.2 Market Forecast
            6.1.2.3 Snacks
               6.1.2.3.1 Market Trends
               6.1.2.3.2 Market Forecast
            6.1.2.4 Others
               6.1.2.4.1 Market Trends
               6.1.2.4.2 Market Forecast
        6.1.3 Market Forecast
    6.2    Meat Substitutes
        6.2.1 Market Trends
        6.2.2 Market Breakup by Type
            6.2.2.1 Tofu
               6.2.2.1.1 Market Trends
               6.2.2.1.2 Market Forecast
            6.2.2.2 TVP
               6.2.2.2.1 Market Trends
               6.2.2.2.2 Market Forecast
            6.2.2.3 Seiten
               6.2.2.3.1 Market Trends
               6.2.2.3.2 Market Forecast
            6.2.2.4 Quorn
               6.2.2.4.1 Market Trends
               6.2.2.4.2 Market Forecast
            6.2.2.5 Others
               6.2.2.5.1 Market Trends
               6.2.2.5.2 Market Forecast
        6.2.3 Market Forecast
    6.3    Others
        6.3.1 Market Trends
        6.3.2 Market Forecast
7   Market Breakup by Source
    7.1    Almond
        7.1.1 Market Trends
        7.1.2 Market Forecast
    7.2    Soy
        7.2.1 Market Trends
        7.2.2 Market Forecast
    7.3    Oats
        7.3.1 Market Trends
        7.3.2 Market Forecast
    7.4    Wheat
        7.4.1 Market Trends
        7.4.2 Market Forecast
    7.5    Others
        7.5.1 Market Trends
        7.5.2 Market Forecast
8   Market Breakup by Distribution Channel 
    8.1    Supermarkets and Hypermarkets   
        8.1.1 Market Trends
        8.1.2 Market Forecast
    8.2    Convenience Stores 
        8.2.1 Market Trends
        8.2.2 Market Forecast
    8.3    Specialty Stores  
        8.3.1 Market Trends
        8.3.2 Market Forecast
    8.4    Online Stores   
        8.4.1 Market Trends
        8.4.2 Market Forecast
    8.5    Others 
        8.5.1 Market Trends
        8.5.2 Market Forecast
9   Market Breakup by Region
    9.1    North India
        9.1.1 Market Trends
        9.1.2 Market Breakup by State
        9.1.3 Market Forecast
    9.2    West and Central India
        9.2.1 Market Trends
        9.2.2 Market Breakup by State
        9.2.3 Market Forecast
    9.3    South India
        9.3.1 Market Trends
        9.3.2 Market Breakup by State
        9.3.3 Market Forecast
    9.4    East India 
        9.4.1 Market Trends
        9.4.2 Market Breakup by State
        9.4.3 Market Forecast
10  SWOT Analysis
    10.1    Overview
    10.2    Strengths
    10.3    Weaknesses
    10.4    Opportunities
    10.5    Threats
11  Value Chain Analysis
12  Porters Five Forces Analysis
    12.1    Overview
    12.2    Bargaining Power of Buyers
    12.3    Bargaining Power of Suppliers
    12.4    Degree of Competition
    12.5    Threat of New Entrants
    12.6    Threat of Substitutes
13  Price Analysis
14  Policy and Regulatory Landscape
15  Competitive Landscape
    15.1    Market Structure
    15.2    Key Players
    15.3    Profiles of Key Players

List of Figures

Figure 1: India: Vegan Food Market: Major Drivers and Challenges
Figure 2: India: Vegan Food Market: Sales Value (in Million US$), 2016-2021
Figure 3: India: Vegan Food Market: Breakup by Product (in %), 2021
Figure 4: India: Vegan Food Market: Dairy Alternatives Breakup by Product Type (in %), 2021
Figure 5: India: Vegan Food Market: Meat Substitutes Breakup by Product Type (in %), 2021
Figure 6: India: Vegan Food Market: Breakup by Source (in %), 2021
Figure 7: India: Vegan Food Market: Breakup by Distribution Channel (in %), 2021
Figure 8: India: Vegan Food Market: Breakup by Region (in %), 2021
Figure 9: India: Vegan Food Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 10: India: Vegan Food (Dairy Alternatives) Market: Sales Value (in Million US$), 2016 & 2021
Figure 11: India: Vegan Food (Dairy Alternatives) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 12: India: Vegan Food (Dairy Alternatives - Cheese) Market: Sales Value (in Million US$), 2016 & 2021
Figure 13: India: Vegan Food (Dairy Alternatives - Cheese) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 14: India: Vegan Food (Dairy Alternatives - Dessert) Market: Sales Value (in Million US$), 2016 & 2021
Figure 15: India: Vegan Food (Dairy Alternatives - Dessert) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 16: India: Vegan Food (Dairy Alternatives - Snacks) Market: Sales Value (in Million US$), 2016 & 2021
Figure 17: India: Vegan Food (Dairy Alternatives - Snacks) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 18: India: Vegan Food (Other Dairy Alternatives) Market: Sales Value (in Million US$), 2016 & 2021
Figure 19: India: Vegan Food (Other Dairy Alternatives) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 20: India: Vegan Food (Meat Substitutes) Market: Sales Value (in Million US$), 2016 & 2021
Figure 21: India: Vegan Food (Meat Substitutes) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 22: India: Vegan Food (Meat Substitutes - Tofu) Market: Sales Value (in Million US$), 2016 & 2021
Figure 23: India: Vegan Food (Meat Substitutes - Tofu) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 24: India: Vegan Food (Meat Substitutes - TVP) Market: Sales Value (in Million US$), 2016 & 2021
Figure 25: India: Vegan Food (Meat Substitutes - TVP) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 26: India: Vegan Food (Meat Substitutes - Seiten) Market: Sales Value (in Million US$), 2016 & 2021
Figure 27: India: Vegan Food (Meat Substitutes - Seiten) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 28: India: Vegan Food (Meat Substitutes - Quorn) Market: Sales Value (in Million US$), 2016 & 2021
Figure 29: India: Vegan Food (Meat Substitutes - Quorn) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 30: India: Vegan Food (Other Meat Substitutes) Market: Sales Value (in Million US$), 2016 & 2021
Figure 31: India: Vegan Food (Other Meat Substitutes) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 32: India: Vegan Food (Other Vegan Food Products) Market: Sales Value (in Million US$), 2016 & 2021
Figure 33: India: Vegan Food (Other Vegan Food Products) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 34: India: Vegan Food (Almond) Market: Sales Value (in Million US$), 2016 & 2021
Figure 35: India: Vegan Food (Almond) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 36: India: Vegan Food (Soy) Market: Sales Value (in Million US$), 2016 & 2021
Figure 37: India: Vegan Food (Soy) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 38: India: Vegan Food (Oats) Market: Sales Value (in Million US$), 2016 & 2021
Figure 39: India: Vegan Food (Oats) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 40: India: Vegan Food (Wheat) Market: Sales Value (in Million US$), 2016 & 2021
Figure 41: India: Vegan Food (Wheat) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 42: India: Vegan Food (Other Sources) Market: Sales Value (in Million US$), 2016 & 2021
Figure 43: India: Vegan Food (Other Sources) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 44: India: Vegan Food (Supermarkets and Hypermarkets) Market: Sales Value (in Million US$), 2016 & 2021
Figure 45: India: Vegan Food (Supermarkets and Hypermarkets) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 46: India: Vegan Food (Convenience Stores) Market: Sales Value (in Million US$), 2016 & 2021
Figure 47: India: Vegan Food (Convenience Stores) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 48: India: Vegan Food (Specialty Stores) Market: Sales Value (in Million US$), 2016 & 2021
Figure 49: India: Vegan Food (Specialty Stores) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 50: India: Vegan Food (Online Stores) Market: Sales Value (in Million US$), 2016 & 2021
Figure 51: India: Vegan Food (Online Stores) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 52: India: Vegan Food (Other Distribution Channels) Market: Sales Value (in Million US$), 2016 & 2021
Figure 53: India: Vegan Food (Other Distribution Channels) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 54: North India: Vegan Food Market: Sales Value (in Million US$), 2016 & 2021
Figure 55: North India: Vegan Food Market: Breakup by State (in %), 2021
Figure 56: North India: Vegan Food Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 57: West and Central India: Vegan Food Market: Sales Value (in Million US$), 2016 & 2021
Figure 58: West and Central India: Vegan Food Market: Breakup by State (in %), 2021
Figure 59: West and Central India: Vegan Food Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 60: South India: Vegan Food Market: Sales Value (in Million US$), 2016 & 2021
Figure 61: South India: Vegan Food Market: Breakup by State (in %), 2021
Figure 62: South India: Vegan Food Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 63: East India: Vegan Food Market: Sales Value (in Million US$), 2016 & 2021
Figure 64: East India: Vegan Food Market: Breakup by State (in %), 2021
Figure 65: East India: Vegan Food Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 66: India: Vegan Food Industry: SWOT Analysis
Figure 67: India: Vegan Food Industry: Value Chain Analysis
Figure 68: India: Vegan Food Industry: Porter’s Five Forces Analysis

List of Tables

Table 1: India: Vegan Food Market: Key Industry Highlights, 2021 and 2027
Table 2: India: Vegan Food Market Forecast: Breakup by Product (in Million US$), 2022-2027
Table 3: India: Vegan Food Market Forecast: Dairy Alternatives Breakup by Product Type (in Million US$), 2022-2027
Table 4: India: Vegan Food Market Forecast: Meat Substitutes Breakup by Product Type (in Million US$), 2022-2027
Table 5: India: Vegan Food Market Forecast: Breakup by Source (in Million US$), 2022-2027
Table 6: India: Vegan Food Market Forecast: Breakup by Distribution Channel (in Million US$), 2022-2027
Table 7: India: Vegan Food Market Forecast: Breakup by Region (in Million US$), 2022-2027
Table 8: India: Vegan Food Market: Competitive Structure
Table 9: India: Vegan Food Market: Key Players


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Key Questions Answered in This Report

We expect the India vegan food market to exhibit a CAGR of 11.32% during 2022-2027.

The rising number of lactose intolerant individuals, coupled with the widespread availability of vegan
meat, waffles, burritos, pizza, etc., across numerous restaurants and fast-food chains, is primarily driving
the India vegan food 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
vegan food products.

Based on the product, the India vegan food market can be segmented into dairy alternatives, meat
substitutes, and others. Currently, dairy alternatives hold the majority of the total market share.

Based on the source, the India vegan food market has been divided into almond, soy, oats, wheat, and
others. Among these, soy currently exhibits a clear dominance in the market.

Based on the distribution channel, the India vegan food market can be categorized into supermarkets
and hypermarkets, convenience stores, specialty stores, online stores, and others. Currently,
supermarkets and hypermarkets account for the largest market share.

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

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