India Plant Based Protein Market Share, Size, Report and Forecast 2024-2032

India Plant Based Protein Market Outlook

According to the report by Expert Market Research (EMR), the India plant based protein market size is projected to grow at a CAGR of 6.3% between 2024 and 2032. Aided by the increasing inclination towards health and fitness, the market is expected to grow significantly by 2032.

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Plant-based proteins, derived from sources such as legumes, grains, and seeds, are gaining traction in India due to their health benefits and sustainable attributes. These proteins serve as vital nutrients and are increasingly being used in a variety of food products including meat alternatives, dairy-free beverages, protein bars, and supplements. Their role in promoting muscle health, weight management, and overall well-being is driving their popularity among health-conscious consumers.

The shifting consumer dietary patterns are a major force propelling the India plant based protein market growth. With a growing awareness of the health implications of animal-based diets and an increasing concern for animal welfare, there has been a significant move towards plant-based and vegan diets. This trend is not only seen in metropolitan areas but is also permeating into smaller cities and towns, broadening the market reach.

In addition to health and ethical considerations, environmental concerns are also posing a positive impact on the India plant based protein market outlook. The awareness about the environmental impact of meat production and the carbon footprint associated with it is prompting consumers to seek sustainable food options. Plant-based proteins, with their lower environmental impact, are emerging as a preferred choice for environmentally conscious consumers.

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The expanding applications of plant-based proteins in the food and beverage industry are further driving market growth. They are being utilised not just as meat and dairy alternatives but also as functional ingredients in a range of products due to their nutritional profile and functional properties. The food service sector, including restaurants and cafes, is increasingly incorporating plant-based protein options in their menus, catering to the growing demand.

According to the India plant based protein market analysis, the rise of health and wellness trends is fuelling the popularity of plant-based protein supplements. With a burgeoning fitness industry and an increasing number of people engaging in physical activities and sports, the demand for plant-based protein powders and supplements has seen a significant upsurge.

India Plant Based Protein Market Segmentation

The market can be divided based on type, source, application, and region.

Market Breakup by Type

Concentrates
Isolates
Textured

Market Breakup by Source

Soy Protein
Pea Protein
Wheat Protein
Rice Protein
Others

Market Breakup by Application

Health and Fitness
Food and Beverage
Pharmaceutical
Others

Market Breakup by Region

North Region
East and Central Region
West Region
South Region

Competitive Landscape

The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the India plant based protein market. Some of the major players explored in the report by Expert Market Research are as follows:

Archer Daniels Midland Company
International Flavors & Fragrances Inc.
Kerry Group plc.
Glanbia plc
Cargill, Incorporated
Ingredion Incorporated
Roquette Frères.
Titan Biotech Ltd
Taj Agro International
Pioneer Industries Private Limited
Others

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