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Food & Beverage
India Plant-Based Food Market, By Distribution Channel
Charts & Stats
India Plant-Based Food Market, By Type
By Type, the market is segmented into Plant-Based Milk & Derivatives , Bakery & Confectionery, Sweet & Savory Snacks , Plant-Based Juices , RTD Tea & Coffee , RTE & RTC Meals , and Others (2018–2027)
Author: Wantstats Research TeamSource: Wantstats Repository
| Label | Plant-Based Milk & Derivatives | Bakery & Confectionery | Sweet & Savory Snacks | Plant-Based Juices | RTD Tea & Coffee | RTE & RTC Meals | Others |
|---|---|---|---|---|---|---|---|
| 2018 | 539.4 USD Mn | 34.5 USD Mn | 20.7 USD Mn | 44.4 USD Mn | 23.4 USD Mn | 46.9 USD Mn | 186.7 USD Mn |
| 2019 | 599.8 USD Mn | 38.4 USD Mn | 23.1 USD Mn | 49.9 USD Mn | 26.2 USD Mn | 52.6 USD Mn | 209.5 USD Mn |
| 2020 | 667.1 USD Mn | 42.9 USD Mn | 25.8 USD Mn | 56 USD Mn | 29.4 USD Mn | 58.9 USD Mn | 235 USD Mn |
| 2021 | 741.3 USD Mn | 47.8 USD Mn | 28.7 USD Mn | 62.8 USD Mn | 32.9 USD Mn | 65.9 USD Mn | 263.5 USD Mn |
| 2022 | 823.5 USD Mn | 53.2 USD Mn | 32 USD Mn | 70.4 USD Mn | 36.7 USD Mn | 73.7 USD Mn | 295.4 USD Mn |
| 2023 | 914.4 USD Mn | 59.3 USD Mn | 35.7 USD Mn | 78.9 USD Mn | 41.1 USD Mn | 82.5 USD Mn | 330.9 USD Mn |
| 2024 | 1014.7 USD Mn | 66 USD Mn | 39.8 USD Mn | 88.4 USD Mn | 45.9 USD Mn | 92.2 USD Mn | 370.4 USD Mn |
| 2025 | 1125.7 USD Mn | 73.4 USD Mn | 44.3 USD Mn | 99 USD Mn | 51.2 USD Mn | 103 USD Mn | 414.5 USD Mn |
| 2026 | 1248.7 USD Mn | 81.7 USD Mn | 49.3 USD Mn | 110.8 USD Mn | 57.2 USD Mn | 115 USD Mn | 463.8 USD Mn |
Data Source: Wantstats Repository
Market Dynamics
India has always been known for its diverse and rich culinary tradition, with a wide range of spices, vegetables, and grains being used in various dishes. However, in recent years, there has been a significant shift in the country's food industry, with a growing demand for plant-based food products. This trend has been fueled by various factors such as health consciousness, environmental concerns, and changing consumer preferences.
Plant-based food refers to food products that are made entirely or mostly from plants, including fruits, vegetables, legumes, grains, nuts, and seeds. These foods are free from animal-derived ingredients and are considered healthier and more sustainable alternatives to traditional animal-based products.
One of the key drivers of the demand for plant-based food in India is the growing health-consciousness among consumers. With an increasing number of people becoming aware of the benefits of a plant-based diet, there has been a surge in demand for products such as plant-based milk, meat substitutes, and vegan cheese. This demand is also driven by the rising incidence of lifestyle diseases such as diabetes, obesity, and heart disease, which has led consumers to adopt healthier eating habits.
Another factor contributing to the demand for plant-based food is the environmental concerns associated with animal agriculture. The production of animal-based products involves high energy and water consumption, and also contributes to greenhouse gas emissions. With India facing significant environmental challenges such as air and water pollution, consumers are turning to plant-based options as a more sustainable choice.
Changing consumer preferences also play a significant role in the growth of the plant-based food market in India. Millennials and Gen Z, who are the largest demographics in the country, are increasingly demanding sustainable and ethical food options. They are more conscious about the impact of their food choices on the environment and animal welfare, and thus, are more inclined towards plant-based products.
In conclusion, the demand for plant-based food in India is on the rise, driven by factors such as health-consciousness, environmental concerns, and changing consumer preferences. As more and more consumers shift towards plant-based alternatives, the market for these products is expected to continue to grow in the coming years.
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Noah Malgeri
Co-Founder, Mojave Rail Fabrication Limited
This is really good guys. Excellent work on a tight deadline. I will continue to use you going forward and recommend you to others. Nice job.
Michael Robert
Manager, JavolVision
Thanks, I am so happy that we worked together. Maybe we still can work together in the future.
Joseph Aguayo
Sales Operations & Pricing Manager, Intel
Thanks. It's been a pleasure working with you, please use me as reference with any other Intel employees.
Bong Lau
Sales Leader, Bamberg
We bought your "2025 report" in 2020. Everything is fine and very good.
Peter Groot Koerkamp
Account and Business Manager, EFS-Holland BV
Thanks for sending the report it gives us a good global view of the Betaïne market.
Younghwan Choi
Senior Retail Manager, LG Chem
We found the report very insightful! we found your research firm very helpful. I'm sending this email to secure our future business.
Mark Irwin
Management Consultant, Level 21
I am very pleased with how market segments have been defined in a relevant way for my purposes (such as "Portable Freezers & refrigerators" and "last-mile"). In general the report is well structured. Thanks very much for your efforts.
Rob Kooiker
Group Product Manager HVAC & Fire Protection GMA, Rockwool
I have been reading the first document or the study, the Global HVAC and FP market report 2021 till 2026. Must say, good info! I have not gone in depth at all parts, but got a good indication of the data inside!
Jason Lee
R&D Director, Seojin
Thanks for your great support. Appreciate it. Well received report. It helps us to understand market well. We're planning other area of survey in the future, let's keep in touch.
Akif Moroglu
Strategy & Business Development Director, Dogan Holding
We got the report in time, we really thank you for your support in this process. I also thank to all of your team as they did a great job.