India Plant-Based Food Products Market Scope, Size, Share, Growth Opportunities and Future Strategies 2028: MarkNtel Adv

Market Insights

As per recent research by MarkNtel Advisors, The India Plant-Based Food Products Market is projected to grow at a CAGR of around 14% during the forecast period, i.e., 2023-28.

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Key Driver: A Substantial Number of Flexitarian Populations Across the country

Religious customs and ethical considerations have influenced vegetarianism in India for ages. As per recent census data by the Government of India (GOI), The country has the highest number of vegetarians globally, accounting for 30 percent of the country's population. The remaining population falls under the 'flexitarian' who has a generally vegetarian diet with only occasional meat or fish consumption. These factors have called for more plant-based food products across the retail networks, accelerating the market growth with a sizable revenue share during the forecast period.

Market Segmentation and Consumer Behavior:

By Type

Plant-Based Meat
- Burger Patties
- Sausage
- Textured Vegetable Protein
- Tofu
- Seitan
- Others (Nuggets, Meatballs, etc.)
Plant-Based Dairy
- Milk
- Cheese
- Yogurt
- Others (Cream, Condensed milk, etc.)
Plant-Based Bakery
Plant-Based Confectionary
Others (Plant-Based Snacks, Egg Alternatives, etc.)

By Sales Channel

Business-to-Business
Business-to-Consumer
- Hypermarket
- Convenience Store
- Online

By Source

Soy Protein
Almond Protein
Wheat Protein
Pea Protein
Others (Rice Protein, etc.)

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India Plant-Based Food Products Market Geographical Analysis:

By Region:

North
South
East
West
Northeast

Key Players and Competitive Strategies in the India Plant-Based Food Products Market

Several prominent players dominate the India Plant-Based Food Products Market, including:

Amy's Kitchen Inc.
Axiom Foods
Daiya Foods
Ahimsa Foods
Nestlé S.A.
Evolved Foods
Nutiva, Inc.
Schouten Food
GoodDot
Vezlay
Others

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Questions Addressed in this Study

1.What factors are driving the India Plant-Based Food Products Market growth?

2.How is the India Plant-Based Food Products Market expected to grow over the next five years?

3.What are the key insights into the current trends in the India Plant-Based Food Products Market?

4.What is the current size of the India Plant-Based Food Products Market, and how is it projected to change in the future?

5.What is the future outlook for the India Plant-Based Food Products Market in terms of technological advancements and market expansion?

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