India Plant-Based Food Products Market Growth Trends & Future Outlook 2030

Future India Plant-Based Food Products Market: Key Dynamics, Size & Share Analysis

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. The market is predominantly propelled by a variety of consumer groups such as urban & middle-class consumers, millennials and other young populations, health conscious and ethical buyers, protein deficient consumers, and non-vegetarians & 'guilty' meat eaters, among others, posing the demand for plant-based food products..

Top Market Trend Impacting the India Plant-Based Food Products Market Growth

Ever-Increasing Veganism Trend: With a significant population of the country turning vegan, the demand for plant-based foods has escalated in the past few years. Due to their rich fiber and lesser cholesterol contents, vegan food products are emerging a better and healthy substitute for animal-based food products across the globe. The popularity has been apparently influenced by the trends in developed countries. As such, the market players are not only looking forward to satiating the domestic demands but also seeking to expand by strengthening their export capacity in the coming years.

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Understanding the Core Segments in the India Plant-Based Food Products Market

India Plant-Based Food Products Market Size, Share & Industry Trends Analysis- 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.)), By Region (North, South, East, West, Northeast), By Company (Amy's Kitchen Inc., Axiom Foods, Daiya Foods, Ahimsa Foods, Nestlé S.A., Evolved Foods, Nutiva, Inc., Schouten Food, GoodDot, Vezlay, Others.

Who Dominates the India Plant-Based Food Products Market Insights on Key Industry Players?

Companies are strengthening their presence in the India Plant-Based Food Products market by adopting strategies such as forming strategic alliances, leveraging AI, entering partnerships, pursuing mergers and acquisitions, expanding into new regions, and introducing innovative products and services.

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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