The India plant-based meat market size reached USD 98.6 Million in 2024. Looking forward, IMARC Group expects the market to reach USD 737.9 Million by 2033, exhibiting a growth rate (CAGR) of 22.3% during 2025-2033.
The market for plant-based meat in India is growing at a rapid rate due to consumer awareness around health, sustainability and ethics. Especially urban people are willing to try meat alternatives owing to increasing vegetarianism and flexitarian diet. Food technology is being used by some companies to manufacture plant-based products that taste and feel like real meat. Also, these products are becoming more available through modern retail and e-commerce. Many newer brands are launching new products which are taking in more investments resulting in improved innovation and distribution. People are becoming increasingly influenced by social media and celebrities and shifting to plant-based foods.
Many new plant-based food are helping consumers to make better choices. The market is boosting due to government assistance of food startups to encourage sustainable food choice initiatives. The cost of plant-based meat substitutes, whether frozen or not, remains high compared to actual meat, which is a stumbling block. As more meat substitutes are manufactured, they will be more affordable. In all, The Indian plant-based meat market is evolving and will reshape the alternative protein market.
India Plant-Based Meat Market Scope and Growth Analysis:
As indicated by the India plant-based meat market study, 2021 report, the growth of the industry can be attributed to increasing knowledge of health, sustainability, and animal welfare. The rise in the population of health-conscious people and the flexitarian trend is driving an increase in demand for plant-based meat alternatives. Indians are looking for more protein-rich food options that have health benefits along with being environment friendly. Due to this various innovative products such as plant-based chicken, mutton and seafood have come up. Some companies benefitted from advances in food technology, offering products that mimic the taste and texture of real meat.
The entrance of both domestic and foreign players is increasing competition. Making new products and making them easier to get is helping this process. To sum it up, urbanization, disposable income growth, and international food trends have a growing impact on the market. To add more, sustainable farming is encouraged through various government initiatives which also help reduce carbon footprints. More and more plant-based meats are being sold at retail stores, online, and in quick-service restaurants. As a result, consumers are increasingly purchasing the items. Overall, consumers’ changing preferences along with a vibrant food industry in India, are likely to spur demand for plant-based meat products significantly in the near future.
India Plant-Based Meat Market Report Segmentation:
The market report offers a comprehensive analysis of the segments, highlighting those with the largest India Plant-Based Meat Market share. It includes forecasts for the period 2025-2033 and historical data from 2019-2024 for the following segments.
Breakup by Product Type:
Burger Patties
Sausages
Nuggets and Strips
Ground Meat
Meatballs
Others
Breakup by Source:
Soy
Wheat
Peas
Others
Breakup by Meat Type:
Chicken
Beef
Pork
Others
Breakup by Distribution Channel:
Restaurants and Catering Industry
Supermarkets and Hypermarkets
Convenience and Specialty Stores
Online Retail
Breakup by Region:
North India
West and Central India
South India
East India
Competitive Landscape:
The report offers an in-depth examination of the competitive landscape. It includes a thorough competitive analysis encompassing market structure, key player positioning, leading strategies for success, a competitive dashboard, and a company evaluation quadrant.
Key highlights of the Report:
Recent Industry News
Key Technological Trends & Development
COVID-19 Impact on the Market
Porter’s Five Forces Analysis
Strategic Recommendations
Market Dynamics
Historical, Current and Future Market Trends
Market Drivers and Success Factors
SWOT Analysis
Value Chain Analysis
Comprehensive Mapping of the Competitive Landscape
Top Winning Strategies
Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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IMARC Group is a global management consulting firm that helps the world’s most ambitious changemakers to create a lasting impact. The company provide a comprehensive suite of market entry and expansion services.
IMARC offerings include thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape and benchmarking analyses, pricing and cost research, and procurement research.
The global chemical logistics market size reached US$ 235.1 Billion in 2023 & projected to reach US$ 301.1 Billion, CAGR of 2.7% during forecast 2024-2032.
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