India Plant-based Meat Market Synopsis
The India plant-based meat (PBM) market was valued at around USD 19 million and is anticipated to grow significantly over the next five years owing to changing consumer preferences towards veganism lifestyle combined with rising disposable incomes levels among consumers, especially millennials who prefer convenient yet healthier food options compared conventional meats such as beef or chicken. Increasing awareness regarding environmental protection benefits associated with PBM consumption has also helped create a positive outlook among people living across urban areas which will prove beneficial for manufacturers operating within this space over the coming years.
Market Drivers of the market
The India plant-based meat market is experiencing a surge in demand due to various factors. Increasing environmental concerns, ethical considerations, and health-conscious consumer preferences have led to a growing interest in plant-based meat alternatives. As consumers seek sustainable and healthier protein sources, the plant-based meat market is expanding rapidly.
Challenges of the Market
The plant-based meat market in India is gaining traction, driven by increasing health and environmental consciousness. However, there are challenges to overcome, including the higher cost of plant-based meat products compared to conventional meat. Additionally, consumer preferences for traditional flavors and textures of animal-derived meat pose hurdles for market expansion.
Covid-19 Impact on the Market
The plant-based meat market experienced growth during the pandemic as consumers shifted towards healthier and sustainable food choices. The focus on immunity-boosting diets also contributed to the increased demand for plant-based protein products.
Key Players of the Market
Good Dot India Pvt. Ltd., Veggie Champ Products Pvt. Ltd., Vezlay Foods Pvt. Ltd., Impulse Brand, and Vegabites.
Key Highlights of the Report:
- India Plant-based Meat Market Outlook
- Market Size of India Plant-based Meat Market, 2024
- Forecast of India Plant-based Meat Market, 2031
- Historical Data and Forecast of India Plant-based Meat Revenues & Volume for the Period 2021-2031
- India Plant-based Meat Market Trend Evolution
- India Plant-based Meat Market Drivers and Challenges
- India Plant-based Meat Price Trends
- India Plant-based Meat Porter's Five Forces
- India Plant-based Meat Industry Life Cycle
- Historical Data and Forecast of India Plant-based Meat Market Revenues & Volume By Source for the Period 2021-2031
- Historical Data and Forecast of India Plant-based Meat Market Revenues & Volume By Soy for the Period 2021-2031
- Historical Data and Forecast of India Plant-based Meat Market Revenues & Volume By Pea for the Period 2021-2031
- Historical Data and Forecast of India Plant-based Meat Market Revenues & Volume By Wheat for the Period 2021-2031
- Historical Data and Forecast of India Plant-based Meat Market Revenues & Volume By Others for the Period 2021-2031
- Historical Data and Forecast of India Plant-based Meat Market Revenues & Volume By Product for the Period 2021-2031
- Historical Data and Forecast of India Plant-based Meat Market Revenues & Volume By Burgers for the Period 2021-2031
- Historical Data and Forecast of India Plant-based Meat Market Revenues & Volume By Sausages for the Period 2021-2031
- Historical Data and Forecast of India Plant-based Meat Market Revenues & Volume By Patties for the Period 2021-2031
- Historical Data and Forecast of India Plant-based Meat Market Revenues & Volume By Nuggets, for the Period 2021-2031
- Historical Data and Forecast of India Plant-based Meat Market Revenues & Volume By Tenders & Cutlets for the Period 2021-2031
- Historical Data and Forecast of India Plant-based Meat Market Revenues & Volume By Grounds for the Period 2021-2031
- Historical Data and Forecast of India Plant-based Meat Market Revenues & Volume By Others for the Period 2021-2031
- Historical Data and Forecast of India Plant-based Meat Market Revenues & Volume By Type for the Period 2021-2031
- Historical Data and Forecast of India Plant-based Meat Market Revenues & Volume By Chicken for the Period 2021-2031
- Historical Data and Forecast of India Plant-based Meat Market Revenues & Volume By Pork for the Period 2021-2031
- Historical Data and Forecast of India Plant-based Meat Market Revenues & Volume By Beef for the Period 2021-2031
- Historical Data and Forecast of India Plant-based Meat Market Revenues & Volume By Fish for the Period 2021-2031
- Historical Data and Forecast of India Plant-based Meat Market Revenues & Volume By Others for the Period 2021-2031
- Historical Data and Forecast of India Plant-based Meat Market Revenues & Volume By End-user for the Period 2021-2031
- Historical Data and Forecast of India Plant-based Meat Market Revenues & Volume By Retail for the Period 2021-2031
- Historical Data and Forecast of India Plant-based Meat Market Revenues & Volume By HORECA (Hotel/Restaurant/Caf) for the Period 2021-2031
- Historical Data and Forecast of India Plant-based Meat Market Revenues & Volume By Storage for the Period 2021-2031
- Historical Data and Forecast of India Plant-based Meat Market Revenues & Volume By Refrigerated Plant-based Meat for the Period 2021-2031
- Historical Data and Forecast of India Plant-based Meat Market Revenues & Volume By Frozen Plant-based Meat for the Period 2021-2031
- Historical Data and Forecast of India Plant-based Meat Market Revenues & Volume By Shelf-stable Plant-based Meat for the Period 2021-2031
- India Plant-based Meat Import Export Trade Statistics
- Market Opportunity Assessment By Source
- Market Opportunity Assessment By Product
- Market Opportunity Assessment By Type
- Market Opportunity Assessment By End-user
- Market Opportunity Assessment By Storage
- India Plant-based Meat Top Companies Market Share
- India Plant-based Meat Competitive Benchmarking By Technical and Operational Parameters
- India Plant-based Meat Company Profiles
- India Plant-based Meat Key Strategic Recommendations