The Rise of Plant-Based Foods in India: A Market Overview

MUMBAI, India - July 3, 2023 - PRLog -- Introduction
The Indian market is witnessing a surge in demand for plant-based foods, driven by changing consumer preferences, health awareness, and sustainability concerns. This trend has led to a proliferation of brands offering meat, cheese, milk, and protein substitutes, with plant-based milk being the most developed category.

Market Growth and Key Players
The plant-based food market in India is set to expand significantly, with major FMCG companies and startups like Blue Tribe entering the fray. The market is segmented by source into soy, wheat, pea, coconut, almond, cashew, among others. Soy leads the pack due to its high protein content and quick absorption rate, but pea and wheat proteins are gaining traction.

Driving Forces
Several factors are propelling the growth of India's plant-based food market. These include an increase in startups and investments, expansion into overseas markets, a growing vegetarian demographic, and government support. India's diverse agro-climatic conditions also provide a unique advantage for the production and export of a wide variety of plant-based foods.

Market Outlook
According to Makreo Research, the India Plant-based Food and Dairy Market is expected to grow at a CAGR of 12% from 2023 to 2028. This growth is attributed to increasing health and sustainability awareness, changing dietary preferences, and concerns about animal welfare. The report provides a comprehensive analysis of the market, including market revenue, regional market share, source market share, and type market share, offering valuable insights for potential investors.

Find Out More:-
India Plant-Based Food and Dairy Products Market Forecast (2018-2028) (https://www.makreo.com/report/india-plant-based-food-dair...)

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