India Plant Based Protein Market

Market Overview:

India plant based protein market size reached 874.3 INR Crore in ​2023​. Looking forward, IMARC Group expects the market to reach 3224.5 INR Crore by ​2032, exhibiting a growth rate (CAGR) of 15.60% during 2024-2032. The escalating demand for a healthy and nutritious diet and the growing consumer concerns towards environmental sustainability represent some of the key factors driving the market growth.

Plant-based protein is sourced from plants rather than animals and is present in a diverse range of plant-derived foods. These include lentils, chickpeas, beans, quinoa, oats, brown rice, nuts, almonds, chia seeds, pumpkin seeds, tofu, and tempeh. Plant-based protein is abundant in fiber, vitamins, minerals, antioxidants, and other vital nutrients. It is notably lower in saturated fat and cholesterol, making it a heart-friendly alternative that aids in managing cholesterol levels. The variety of flavors, textures, and cooking methods associated with plant-based protein allows for culinary creativity and the development of innovative plant-based food products.

India Plant Based Protein Market Trends:

The plant-based protein market in India is witnessing remarkable growth, propelled by a shifting consumer preference towards healthier and sustainable dietary choices. This burgeoning market is fueled by the increasing awareness of the health benefits associated with plant-based diets. One significant driver of the plant-based protein market in India is the growing emphasis on heart health. Additionally, with an increasing awareness of lifestyle-related health issues, consumers are turning to plant-based proteins to manage cholesterol levels and promote overall cardiovascular well-being, thereby acting as another significant growth-inducing factor. Moreover, the plant-based protein market in India is thriving due to the versatility and adaptability of these protein sources. They offer a wide variety of flavors, textures, and cooking methods, allowing for culinary innovation and the creation of diverse plant-based food products, which is positively influencing the market growth across the country. This adaptability resonates well with the Indian culinary landscape, known for its rich and diverse vegetarian offerings. As dietary preferences continue to evolve, the plant-based protein market in India is poised for sustained growth. Factors, such as health consciousness, environmental sustainability, and culinary diversity converge to drive the increasing adoption of plant-based proteins, making them a significant and transformative aspect of the country's food and nutrition landscape. Apart from this, a broader shift towards sustainable and health-conscious choices in India's dietary patterns is projected to fuel the market growth in the coming years.

India Plant Based Protein Market Segmentation:

IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the country level for 2024-2032. Our report has categorized the market based on source, type, nature, and application.

Source Insights:

• Soy Protein
• Pea Protein
• Wheat Protein
• Rice Protein
• Others
   

The report has provided a detailed breakup and analysis of the market based on the source. This Includes soy protein, pea protein, wheat protein, rice protein, and others.

Type Insights:

• Concentrates
• Isolates
• Textured
   

A detailed breakup and analysis of the market based on the type have also been provided in the report. This includes concentrates, isolates, and textured.

Nature Insights:

• Conventional
• Organic
   

The report has provided a detailed breakup and analysis of the market based on the nature. This includes conventional and organic.

Application Insights:

• Health and Fitness
• Food and Beverages
• Pharmaceutical
• Others
   

A detailed breakup and analysis of the market based on the application have also been provided in the report. This includes health and fitness, food and beverages, pharmaceutical, and others.

Regional Insights:

• North India
• West and Central India
• South India
• East and Northeast India
   

The report has also provided a comprehensive analysis of all the major regional markets, which include North India, West and Central India, South India, and East and Northeast India.

Competitive Landscape:

The market research report has also provided a comprehensive analysis of the competitive landscape. Competitive analysis such as market structure, key player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided.

India Plant Based Protein Market Report Coverage:

Key Questions Answered in This Report:

• How has the India plant based protein market performed so far and how will it perform in the coming years?
• What has been the impact of COVID-19 on the India plant based protein market?
• What is the breakup of the India plant based protein market on the basis of source?
• What is the breakup of the India plant based protein market on the basis of type?
• What is the breakup of the India plant based protein market on the basis of nature?
• What is the breakup of the India plant based protein market on the basis of application?
• What are the various stages in the value chain of the India plant based protein market?
• What are the key driving factors and challenges in the India plant based protein?
• What is the structure of the India plant based protein market and who are the key players?
• What is the degree of competition in the India plant based protein market? 

Key Benefits for Stakeholders:

• IMARC’s industry report offers a comprehensive quantitative analysis of various market segments, historical and current market trends, market forecasts, and dynamics of the India plant based protein market from 2018-2032.
• The research report provides the latest information on the market drivers, challenges, and opportunities in the India plant based protein market.
• Porter's five forces analysis assist stakeholders in assessing the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. It helps stakeholders to analyze the level of competition within the India plant based protein industry and its attractiveness.
• Competitive landscape allows stakeholders to understand their competitive environment and provides an insight into the current positions of key players in the market.