India Plant Protein Market (2023-2029) | Share, Trends, Value, Analysis, Outlook, Forecast, Growth, Industry, Companies, Size & Revenue

Market Forecast By Source Types (Soy, Wheat, Pea, Others (Rice, Hemp, Potato etc.)), By Form Types (Dry, Liquid), By Sales Channels (B2B, B2C), By Applications (Nutraceuticals/Supplements, Baker Products, Dairy Alternative, Convenience Foods, Meat/Poultry/Seafood And Meat Alternative Products, Others (Confectionary, Beverage, Baby Food, etc.)), By Regions (North, West, South, East) and competitive landscape

Product Code: ETC5928344 Publication Date: Apr 2024 Product Type: Report
Publisher: 6Wresearch No. of Pages: 102 No. of Figures: 19 No. of Tables: 9

India Plant Protein Market Synopsis

India plant protein market is anticipated to witness significant growth during the forecast period, on the back of government initiatives and campaigns such as mechanization in agriculture, Fit India movement (2019), Eat India Right Movement (2018) to promote increased productivity and yield of crops and healthy lifestyle and living across India. Such initiatives are aiding plant protein foods demand across India which would directly provide impetus for growth to the India plant protein industry during the forecast period.

In 2020, the outburst of coronavirus positively impacted the growth of the India plant protein market as the demand for plant protein surged owing to the changing food habits of consumers and their inclination towards plant-based foods to avoid zoonotic diseases. Moreover, the temporary closure of meat processing plants during the period and the spread of bird flu further promoted the growth of the market.

India Plant Protein Market Overview

According to 6Wresearch, India Plant Protein Market size is projected to grow at a CAGR of 13.3% during 2023-2029, attributing to the expansion of production facilities such as the one set up by B Veg foods with a capacity of 4000 metric tons per year which is expected to expand further up to 12000 metric tons per year to cater the plant protein demand would augment the growth of the plant protein market. Moreover, protein intake is increasing owing to rising awareness for health and fitness, due to increasing veganism and altruistic factors, further rising lactose intolerance, especially in youngsters would lead to a shifting of consumers from whey protein to plant protein, due to which plant protein market is expected to grow in the forthcoming years.

India Plant Protein Market

Market Segmentation by Source Types

Consumer preference has been highest towards soy protein owing to complete protein having all essential amino acids and a higher protein content ratio with economical prices among other products on account of the easy availability of raw material from Chinese vendors at lower cost.

Market Segmentation by Form Types

Dry plant protein is the majorly used form in India plant protein market on the back of having more protein and easy absorption rate, lower cost and higher shelf life accompanied by easy transportability factor. Further, it is anticipated to show a similar thrive in the forecast period.

Market Segmentation by Sales Channels

The B2B mode has been the topmost shareholder to the revenues and revenue share in the India plant protein market as consumers don’t prefer to consume the protein in the raw form. Hence, the vendors from India such as Synthite, Titan Biotech & Proeon as well as Chinese vendors sell the end product to organizations such as Oziva, Muscle blaze & AS-IT-IS who then sell it to consumers in various consumable forms.

Market Segmentation by Applications

Increasing fitness and health awareness in the country with the rising population of vegetarians having significant inclination towards veganism, swinging majorly in Nutraceuticals and supplements for daily nutritional fulfilment which leads to the dependence on protein powder due to their better absorption in the body and higher protein concentration.

Market Segmentation by Regions

The presence of maximum fitness and sports zealous in the Northern region with more awareness towards plant protein makes the northern region a pre-eminent share holder in the India plant protein market and a similar forecast is anticipated in the forecast period.

Key Attractiveness of the Report

  • 10 Years of Market Numbers.
  • Historical Data Starting from 2020 to 2023.
  • Base Year: 2023
  • Forecast Data until 2030.
  • Key Performance Indicators Impacting the Market.
  • Major Upcoming Developments and Projects.

Key Highlights of the Report

  • India Plant Protein Market Overview
  • India Plant Protein Market Overview, By Source Types
  • India Plant Protein Market Overview, By Form Types
  • India Plant Protein Market Overview, By Applications
  • India Plant Protein Market Overview, By Sales Channel
  • India Plant Protein Market Overview, By Region
  • Historical Data and Forecast of India Plant Protein Market Revenues for the Period 2016-2029F
  • Historical Data and Forecast of Global Plant Protein Market Revenues for the Period 2016-2029F
  • COVID-19 Impact Analysis
  • Market Drivers and Restraints
  • Industry Life Cycle
  • India Plant Protein Market – Porter’s Five Forces
  • India Plant Protein Market Key Manufacturing Analysis
  • Comparison Between the Global and India Plant Protein Market
  • Government Initiatives and Regulations
  • Raw Material Analysis
  • India Plant Protein Market Opportunity Assessment
  • India Plant Protein Market Key Performance Indicators
  • India Plant Protein Market Competitive Landscape
  • Key Strategic Recommendations

Market Scope and Segmentation

The report provides a detailed analysis of the following market segments:

By Source Types

  • Soy
  • Wheat
  • Pea
  • Others (Rice, Hemp, Potato etc.)

By Form Types

  • Dry
  • Liquid

By Sales Channels

  • B2B
  • B2C

By Applications

  • Nutraceuticals/Supplements
  • Baker Products
  • Dairy Alternative
  • Convenience Foods
  • Meat/Poultry/Seafood And Meat Alternative Products
  • Others (Confectionary, Beverage, Baby Food, etc.)

By Regions

  • North
  • West
  • South
  • East
Frequently Asked Questions About the Market Study (FAQs):
India plant protein market size is projected to grow at a CAGR of 13.3% during 2023-2029.
India plant protein market is anticipated to witness significant growth during the forecast period, on the back of government initiatives and campaigns such as mechanization in agriculture, the Fit India movement (2019), and Eat India Right Movement (2018).
Segments that are covered in the market report are by source types, form types, sales channels, applications and regions.
Yes, we provide customisation as per your requirements. To learn more, feel free to contact us on sales@6wresearch.com
1. Executive Summary
2. Introduction
2.1 Report Description
2.2 Key Highlights of the Report
2.3 Market Scope and Segmentation
2.4 Research Methodology
2.5 Assumptions
3. India Plant Protein Overview
3.1 India Plant Protein Revenues (2016-2029F)
3.2 India Plant Protein Industry Life Cycle
3.3 India Plant Protein Porter Five Forces
4 Impact Analysis of Covid-19 on India Plant Protein Market
5. Market Dynamics
5.1 Impact Analysis
5.2 Market Drivers
5.3 Market Restraints
6. India Plant Protein Market Trends & Evolution
7. India Plant Protein Market Overview, By Source Types
7.1 India Plant Protein Market Revenue Share and Revenues, By Source Types (2016, 2022 & 2029F)
7.1.1 India Plant Protein Market Revenues, By Source Types (2016-2029F)
7.1.1.1 India Plant Protein Market Revenues, By Soy (2016-2029F)
7.1.1.2 India Plant Protein Market Revenues, By Wheat (2016-2029F)
7.1.1.3 India Plant Protein Market Revenues, By Pea (2016-2029F)
7.1.1.4 India Plant Protein Market Revenues, By Others (Canola Protein, Rice Protein, Potato Protein and Beans & Seeds) (2016-2029F)
8. India Plant Protein Market Overview, By Sales Channels
8.1 India Plant Protein Market Revenue Share and Revenues, By Sales Channels (2016, 2022 & 2029F)
8.1.1 India Plant Protein Market Revenues, By Sales Channels (2016-2029F)
8.1.1.1 India Plant Protein Market Revenues, By B2B (2016-2029F)
8.1.1.2 India Plant Protein Market Revenues, By B2C (2016-2029F)
9. India Plant Protein Market Overview, By Form Types
9.1 India Plant Protein Market Revenue Share and Revenues, By Form Types (2016, 2022 & 2029F)
9.1.1 India Plant Protein Market Revenues, By Form Types (2016-2029F)
9.1.1.1 India Plant Protein Market Revenues, By Dry (2016-2029F)
9.1.1.2 India Plant Protein Market Revenues, By Liquid (2016-2029F)
10. India Plant Protein Market Overview, By Applications
10.1 India Plant Protein Market Revenue Share and Revenues, By Applications (2016, 2022 & 2029F)
10.1.1 India Plant Protein Market Revenues, By Applications (2016-2029F)
10.1.1.1 India Plant Protein Market Revenues, By Nutraceuticals/Supplements (2016-2029F)
10.1.1.2 India Plant Protein Market Revenues, By Bakery Products (2016-2029F)
10.1.1.3 India Plant Protein Market Revenues, By Dairy Alternative (2016-2029F)
10.1.1.4 India Plant Protein Market Revenues, By Convenience Foods (2016-2029F)
10.1.1.5 India Plant Protein Market Revenues, By Meat/Poultry/Seafood And Meat Alternative Products (2016-2029F)
10.1.1.6 India Plant Protein Market Revenues, By By Others (Confectionary, Beverage, Baby Food, etc.) (2016-2029F)
11. India Plant Protein Market Overview, By Regions
11.1 India Plant Protein Market Revenue Share and Revenues, By Regions (2016, 2022 & 2029F)
11.1.1 India Plant Protein Market Revenues, By Regions (2016-2029F)
11.1.1.1 India Plant Protein Market Revenues, By North (2016-2029F)
11.1.1.2 India Plant Protein Market Revenues, By West (2016-2029F)
11.1.1.3 India Plant Protein Market Revenues, By South (2016-2029F)
11.1.1.4 India Plant Protein Market Revenues, By East (2016-2029F)
12. India Plant Protein Market Manufacturing Key Analysis
12.1 Conventional Manufacturing Technology Used for Soy Protein Production
12.2 Emerging Manufacturing Technology Used for Soy Protein Production
12.3 Key Manufacturing Technology Used for Soy Protein Production
12.3.1 Key Consumable Products for Soy Protein Production
12.4 Key Manufacturing Technology Used for Wheat Protein Production
12.4.1 Key Consumable Products for Wheat Protein Production
12.5 Key Manufacturing Technology Used for Pea Protein Production
12.5.1 Key Consumable Products for Pea Protein Production
12.6 Key Manufacturing Technology Used for Other Protein Production
13. India Plant Protein Market Protein Raw Material Analysis
13.1 Key Manufacturing Technology Used for Soy Protein Production
13.2 Key Manufacturing Technology Used for Wheat Protein Production
13.3 Key Manufacturing Technology Used for Pea Protein Production
14. India Plant Protein Market Protein Export and Import Statistics
14.1 Import Statistics- Soy Protein Production
14.2 Import Statistics- Wheat Protein Production
14.3 Import Statistics- Pea Protein Production
15. India Plant Protein Market Key Performance Indicators
16. india Plant Protein Market Government Initiatives and Regulations
17. India Plant Protein Market Consumer Survey
18. India Plant Protein Market Opportunity Assessment
18.1 India Plant Protein Market Opportunity Assessment, By Source Types (2029F)
18.2 India Plant Protein Market Opportunity Assessment, By Applications (2029F)
19. India Plant Protein Market Competitive Landscape
19.1 India Plant Protein Market Revenue Share, By Top 5 Companies (2022)
19.2 India Plant Protein Market Competitive Benchmarking, By Technical Parameters
20. Company Profiles
20.1 Titan Biotech Ltd.
20.2 Sonic Biochem Extractions Pvt. Ltd.
20.3 Velnex Medicare
20.4 Synthite
20.5 Fermentis Life Sciences
20.6 Aarkay Food Products Ltd.
20.7 Amway
20.8 Prime Herbonix Health Pvt. Ltd.
20.9 Proeon
21. Key Strategic Recommendations
22. Disclaimer
List of Figures
1. India Plant Protein Market Revenues, 2016-2029F ($ Million)
2. Percentage Change in Production in India (2009-2010 to 2019-2020)
3. India GDP Per Capita, 2017-2021 (In $)
4. India Plant Protein Market Revenue Share, By Source Types, 2016, 2022 & 2029F
5. India Plant Protein Market Revenue Share, By Sales Channels, 2016, 2022 & 2029F
6. India Plant Protein Market Revenue Share, By Form Type, 2016, 2022 & 2029F
7. India Plant Protein Market Revenue Share, By Applications, 2016, 2022 & 2029F
8. India Plant Protein Market Revenue Share, By Regions, 2016, 2022 & 2029F
9. India Pea Protein Market, Share of Top 3 Import Partners, 2022
10. India Soy Protein Market, Share of Top 3 Import Partners, 2022
11. India Wheat Protein Market, Share of Top 3 Import Partners, 2022
17. India Plant Protein Market Opportunity Assessment, By Source Types, 2029F
18. India Plant Protein Market Opportunity Assessment, By Applications, 2029F
19. India Plant Protein Market Revenue Ranking, By Companies, 2022
List of Tables
1. Plant Protein Production in India (2020)
2. India Plant Protein Market Revenues, By Source Types, 2016-2029F ($ Million)
3. India Plant Protein Market Revenues, By Sales Channels, 2016-2029F ($ Million)
4. India Plant Protein Market Revenues, By Form Type, 2016-2029F ($ Million)
5. India Plant Protein Market Revenues, By Applications, 2016-2029F ($ Million)
6. India Plant Protein Market Revenues, By Regions, 2016-2029F ($ Million)
7.  India Pea Protein Import Volume & Volume Share, 2019-2022
8.  India Pea Protein Import Volume & Volume Share, 2019-2022
9.  India Wheat Protein Import Volume & Volume Share, 2019-2022
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