India Vegetarian Food Market Size, Share, Growth, Business Opportunities and Industry Trends 2023-2028

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March 17, 2023 (SUPERMARKET RESEARCH VIA COMTEX) – According to IMARC Group’s latest report titled India’s Vegetarian Food Market: Industry Trends, Share, Size, Growth, Opportunities and Forecast 2023-2028India’s Vegetarian Food market size reached US$ 1,324 Million in 2022. Looking ahead, IMARC Group expects the market to reach US$ 2,463 Million by 2028, showing a growth rate (CAGR) of 10.9% over The period 2023-2028.

A vegan diet includes the consumption of plant products, including grains, nuts, seeds, fruits, beans, pulses, vegetables, etc. These products are rich in antioxidants, fiber, potassium, magnesium, folate, protein, complex carbohydrates, and minerals. , and vitamins A, C, and E. Plant-based food provides many health benefits, which include lowering cholesterol levels, lowering the risk of cancer, and managing type 2 diabetes, heart disease, and other medical ailments. They help reduce arthritis pain, boost mood, promote weight loss, control A1C levels, and improve skin health.

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Indian Vegetarian Food Market Trends:

Growing awareness among individuals about the benefits of plant-based foods as compared to animal-based food products is among the major factors driving the plant-based food market in India. Moreover, the increasing prevalence of chronic diseases and the growing health awareness among consumers are important growth drivers. Besides, restaurants and fast food chains offer vegan meats, burritos, pizza, ice cream, pies, biscuits, cakes, etc., which positively affects the growth of the market. Moreover, the introduction of packaged, dairy-free chocolate, cheese, spread, milk, breakfast cereals and unsweetened soy beverages that are fortified with Vitamin D by major players is also driving the growth of the market across the country. Apart from this, the swelling of the masses with lactose intolerance is fueling the growth of the market. In addition, the government’s launch of initiatives to use sustainable diets featuring plant-based foods to help combat climate change and other environmental issues caused by animal farming and fishing is expected to drive the plant-based food market in India over the forecast period.

Main market segmentation:

The report has segmented the Indian vegetarian food market on the basis of producer, source, distribution channel, and region.

Breakdown by product:

  • dairy alternatives

    • cheese

    • sweet

    • Snacks

    • others

  • meat substitutes

    • tofu

    • TVP

    • pages

    • Korn

    • others

  • others

Breakup by source:

  • almonds

  • soy

  • Oats

  • wheat

  • others

Differentiation by distribution channel:

  • Supermarket and hypermarket

  • Shops

  • Specialized stores

  • active shops

  • others

Division by region:

  • North India

  • western and central India

  • South India

  • East India

Competitive landscape with major players:

The competitive landscape of the Vegetarian Food market in India has been studied in the report with detailed profiles of the key players operating in the market.

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Key highlights of the report:

  • Market Performance (2017-2022)

  • Market prospects (2023-2028)

  • market trends

  • Market drivers and success factors

  • The impact of COVID-19

  • Value chain analysis

  • Comprehensive mapping of the competitive landscape

If you require specific information that is not currently within the scope of the report, we will provide it to you as part of the personalization.

about us

IMARC Group is a leading market research firm providing management strategy and market research worldwide. We partner with clients across all sectors and regions to identify the most value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products cover key markets, scientific, economic and technological developments for business leaders in pharmaceutical, industrial and high-tech enterprises. Market forecasts and industry analysis of biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and new processing methods are at the forefront of the company’s expertise.

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phone: +1-631-791-1145
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India’s Vegetarian Food Market Size, Share, Growth, Business Opportunity and Industry Trends 2023-2028 appeared first in Super Market Research.



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MarketWatch news management was not involved in the creation of this content.