Please Wait.....
Report
India Meat Substitutes Market By Type (Snacks, Meals, Raw), By Source (Soy, Wheat, Peas, Mycoprotein, Others (Rice, etc.)), By Distribution Channel (Supermarkets and Hypermarkets, Convenience Stores, Online), By Region, Competition Forecast & Opportunities, 2018-2028F
Market Report (3 business days) I 2023-09-11 I 88 Pages I TechSci Research
India meat substitutes market is anticipated to project robust growth in the forecast period on account of health benefits offered by such products, which include the reduction of non-communicable diseases, digestive disorders, and obesity, among others. Other factors such as government initiatives, new product launches by meat substitute companies, etc. are also contributing to the rising demand for meat substitutes in the country.
People have started to adopt vegetarianism in their daily lives as well as become more accepting of the concept over the recent years. Also, those who typically consume a lot of meat but are switching to a plant-based, vegetarian diet may find meat alternatives to be quite helpful. India had 1.38 billion people as of March 2021, making about 18% of the world's population. India has the highest percentage of vegetarians in the world which is around 30% of the population according to data from a Government of India (GOI) census. In India, a number of religious customs and moral principles influence vegetarianism. The remaining 70% of people are not vegetarian and eat only a small amount of meat each week. The term "flexitarian" is frequently used to describe this group of people, who primarily follow a vegetarian diet but occasionally consume meat or fish.
Moreover, there are many appetizing and healthy plant-based dietary options available to consumers presently. And more and more of them are choosing vegan diets, making it crucial to cater to this growing population. Evolved Foods, Veggie Champ, Good Dot, Vezlay, Vegetagold, and other mock meat companies are attempting to provide healthy and economical meat substitutes in India by utilizing grains and plant proteins. For instance, Mumbai-based Evo Foods has produced a plant-based liquid egg that is free of cholesterol, salmonella risk, and animal cruelty.
Rising Health Consciousness Fueling the Market Growth
People are becoming more aware of their eating habits and the nutritional value and beneficial ingredients in their food, particularly after the COVID-19 pandemic situation. Meat substitutes offer various health benefits to consumers such as higher fiber and lower saturated fat content, dietary diversity, etc. Hence, companies are focusing on offering meat substitutes with good amount of protein content to consumers. For instance, the US company Beyond Meat, which Allana Consumer Products has launched in India, uses basic peas and moong beans as its protein sources. Burger patties, sausages, meatballs, nuggets, kebabs, and tikkas are the most common plant-based meat items. Moreover, some people abstain from meat for 'moral' reasons, in part because there is more awareness of animal suffering nowadays. More industries are creating it to suit the growing demand due to the surge in the consumption of plant-based meat and imitation meat. Mock meat is also an option for vegetarians who desire to consume meat but are unable to do so for ethical consideration. Hence, such factors are prompting individuals to opt for meat substitutes, thus contributing to the overall growth of the market.
Government Initiatives Boosting Market Growth
The government of India has been launching various initiatives to encourage protein consumption through plant-based alternatives in India through initiatives such as Eat Right India led by Ministry of Health and Family Welfare, Right to Protein, The Plant Factor, a food innovative challenge initiated by the Federation of Indian Animal Protection Organizations, etc. Moreover, in 2022, the first plant-based foods summit was held by the Ministry of Food Processing Industries of the Government of India (MOFPI) and Agricultural and Processed Food Products Export Development Authority (APEDA). The summit was organised by the Plant Based Foods Industry Association (PBFIA) in partnership with the Good Food Institute India (GFI). The plant-based summit aimed to provide strategic opportunities to the industry's players and to offer organisations a forum to network, share information about new technologies, discuss issues facing the sector, and enlist the support of influential individuals. These initiatives are anticipated to further expand the growth of meat substitutes market in India during the forecast period.
Market Segmentation
The India meat substitutes market is segmented based on type, source, distribution channel, region, and competitional landscape. In terms of type, the market is fragmented into snacks, meals, raw. Based on source, the market is segmented into soy, wheat, peas, mycoprotein, others (rice, etc.). Based on distribution channel, the market is segmented into supermarkets/hypermarkets, convenience stores and online. The market analysis also studies the regional segmentation to devise regional market segmentation, divided among North India, South India, East India and West India.
Company Profiles
Gurmi Foods Private Limited, Vezlay Foods Pvt. Ltd., Bizchef Ventures Private Limited, Gooddot Enterprises Private Limited, Imagine Foods Private Limited, Ahimsa Food, Mister Veg Foods Pvt Ltd, Biotrack Foods Private Limited. Ltd., Evo Foodtech Private Limited, Dharmic Foods Pvt. Ltd. are among the major market players in the India platform that lead the market growth of the India meat substitutes market.
Report Scope:
In this report, the India meat substitutes market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:
- India Meat Substitutes Market, By Type:
o Snacks
o Meals
o Raw
- India Meat Substitutes Market, By Source:
o Soy
o Wheat
o Peas
o Mycoprotein
o Others
- India Meat Substitutes Market, By Distribution Channel:
o Supermarkets and Hypermarkets
o Convenience Stores
o Online
- India Meat Substitutes Market, By Region:
o North India
o South India
o West India
o East India
Competitive Landscape
Company Profiles: Detailed analysis of the major companies present in the India meat substitutes market.
Available Customizations:
With the given market data, TechSci Research offers customizations according to a company's specific needs. The following customization options are available for the report:
Company Information
- Detailed analysis and profiling of additional market players (up to five).
1. Introduction
1.1. Product Overview
1.2. Key Highlights of the Report
1.3. Market Coverage
1.4. Market Segments Covered
1.5. Research Tenure Considered
2. Research Methodology
2.1. Objective of the Study
2.2. Baseline Methodology
2.3. Key Industry Partners
2.4. Major Association and Secondary Sources
2.5. Forecasting Methodology
2.6. Data Triangulation & Validation
2.7. Assumptions and Limitations
3. Executive Summary
3.1. Market Overview
3.2. Market Forecast
3.3. Key Regions
3.4. Key Segments
4. Voice of Customer Analysis (B2C Model Analysis)
4.1. Brand Awareness
4.2. Factors Influencing Purchase Decision
5. India Meat Substitutes Market Outlook
5.1. Market Size & Forecast
5.1.1. By Value
5.2. Market Share & Forecast
5.2.1. By Type Market Share Analysis (Snacks, Meals, Raw)
5.2.2. By Source Market Share Analysis (Soy, Wheat, Peas, Mycoprotein, Others (Rice, etc.))
5.2.3. By Distribution Channel Market Share Analysis (Supermarkets and Hypermarkets, Convenience Stores, Online)
5.2.4. By Regional Market Share Analysis
5.2.4.1. North India Market Share Analysis
5.2.4.2. South India Market Share Analysis
5.2.4.3. West India Market Share Analysis
5.2.4.4. East India Market Share Analysis
5.2.5. By Top 5 Companies Market Share Analysis, Others (2022)
5.3. India Meat Substitutes Market Mapping & Opportunity Assessment
5.3.1. By Type Market Mapping & Opportunity Assessment
5.3.2. By Source Market Mapping & Opportunity Assessment
5.3.3. By Distribution Channel Market Mapping & Opportunity Assessment
5.3.4. By Regional Market Mapping & Opportunity Assessment
6. India Snacks Meat Substitutes Market Outlook
6.1. Market Size & Forecast
6.1.1. By Value
6.2. Market Share & Forecast
6.2.1. By Product Type Market Share Analysis (Burger Patties, Sausages, Nuggets and Strips, Meatballs, Others (Fish, Fillets, etc.))
6.2.2. By Source Market Share Analysis
6.2.3. By Distribution Channel Market Share Analysis
7. India Meals Meat Substitutes Market Outlook
7.1. Market Size & Forecast
7.1.1. By Value
7.2. Market Share & Forecast
7.2.1. By Product Type Market Share Analysis (Soup, Biriyani, Keema, Others (Mutton Curry Kit, Veg Scrambled Egg, etc.))
7.2.2. By Source Market Share Analysis
7.2.3. By Distribution Channel Market Share Analysis
8. India Raw Meat Substitutes Market Outlook
8.1. Market Size & Forecast
8.1.1. By Value
8.2. Market Share & Forecast
8.2.1. By Product Type Market Share Analysis (Tempeh, Tofu, Seitan, Others (Soyrizo, etc.))
8.2.2. By Source Market Share Analysis
8.2.3. By Distribution Channel Market Share Analysis
9. Market Dynamics
9.1. Drivers
9.1.1. Changing Tastes & Preferences of Consumers
9.1.2. Rising Number of Flexitarians
9.1.3. Government Initiatives
9.2. Challenges
9.2.1. Lack of Awareness
9.2.2. High Prices
10. Impact of COVID-19 on India Meat Substitutes Market
10.1. Impact Assessment Model
10.1.1. Key Segments Impacted
10.1.2. Key Regions Impacted
10.1.3. Key Sales Channel Impacted
11. Market Trends & Developments
11.1. New Product Launches
11.2. Rising Health Consciousness
11.3. Growing Marketing Campaigns by Companies
11.4. Rising Demand from Online Channels
11.5. Increasing Number of Market Players
12. Porter's Five Forces Model
12.1. Competitive Rivalry
12.2. Bargaining Power of Buyers
12.3. Bargaining Power of Suppliers
12.4. Threat of New Entrants
12.5. Threat of Substitutes
13. SWOT Analysis
13.1. Strengths
13.2. Weaknesses
13.3. Opportunities
13.4. Threats
14. Policy & Regulatory Landscape
15. India Economic Profile
16. Competitive Landscape
16.1. Company Profiles
16.1.1. Gurmi Foods Private Limited
16.1.1.1. Company Details
16.1.1.2. Product & Services
16.1.1.3. Financials (As Per Availability)
16.1.1.4. Key Market Focus & Geographical Presence
16.1.1.5. Recent Developments
16.1.1.6. Key Management Personnel
16.1.2. Vezlay Foods Pvt. Ltd.
16.1.2.1. Company Details
16.1.2.2. Product & Services
16.1.2.3. Financials (As Per Availability)
16.1.2.4. Key Market Focus & Geographical Presence
16.1.2.5. Recent Developments
16.1.2.6. Key Management Personnel
16.1.3. Bizchef Ventures Private Limited
16.1.3.1. Company Details
16.1.3.2. Product & Services
16.1.3.3. Financials (As Per Availability)
16.1.3.4. Key Market Focus & Geographical Presence
16.1.3.5. Recent Developments
16.1.3.6. Key Management Personnel
16.1.4. Gooddot Enterprises Private Limited
16.1.4.1. Company Details
16.1.4.2. Product & Services
16.1.4.3. Financials (As Per Availability)
16.1.4.4. Key Market Focus & Geographical Presence
16.1.4.5. Recent Developments
16.1.4.6. Key Management Personnel
16.1.5. Imagine Foods Private Limited
16.1.5.1. Company Details
16.1.5.2. Product & Services
16.1.5.3. Financials (As Per Availability)
16.1.5.4. Key Market Focus & Geographical Presence
16.1.5.5. Recent Developments
16.1.5.6. Key Management Personnel
16.1.6. Ahimsa Food
16.1.6.1. Company Details
16.1.6.2. Product & Services
16.1.6.3. Financials (As Per Availability)
16.1.6.4. Key Market Focus & Geographical Presence
16.1.6.5. Recent Developments
16.1.6.6. Key Management Personnel
16.1.7. Mister Veg Foods Pvt Ltd
16.1.7.1. Company Details
16.1.7.2. Product & Services
16.1.7.3. Financials (As Per Availability)
16.1.7.4. Key Market Focus & Geographical Presence
16.1.7.5. Recent Developments
16.1.7.6. Key Management Personnel
16.1.8. Biotrack Foods Private Limited
16.1.8.1. Company Details
16.1.8.2. Product & Services
16.1.8.3. Financials (As Per Availability)
16.1.8.4. Key Market Focus & Geographical Presence
16.1.8.5. Recent Developments
16.1.8.6. Key Management Personnel
16.1.9. Evo Foodtech Private Limited
16.1.9.1. Company Details
16.1.9.2. Product & Services
16.1.9.3. Financials (As Per Availability)
16.1.9.4. Key Market Focus & Geographical Presence
16.1.9.5. Recent Developments
16.1.9.6. Key Management Personnel
16.1.10. Dharmic Foods Pvt. Ltd
16.1.10.1. Company Details
16.1.10.2. Product & Services
16.1.10.3. Financials (As Per Availability)
16.1.10.4. Key Market Focus & Geographical Presence
16.1.10.5. Recent Developments
16.1.10.6. Key Management Personnel
17. Strategic Recommendations/Action Plan
17.1. Key Focus Areas
17.2. Target Type
17.3. Target Distribution Channel
(Note 1: The data given for any year represents the market during the period, i.e., 1st April of the previous year to 31st March of that year. E.g. For 2022E, the data represents the period, 1st April 2021 to 31st March 2022. Note 2: The companies list can be customized based on the client requirements.)
- Not Sure / Need Reassuring
- Confirm Content
-
Content is provided by our partners and every effort is made to make Market Report details as clear as possible. If you are not sure the exact content you require is included in this study you can Contact us to double check. To do this you can:
Use the ‘? ASK A QUESTION’ below the license / prices and to the right of this box. This will come directly to our team who will work on dealing with your request as soon as possible.
Write to directly on support@scotts-international.com with details. Please include as much information as possible including the name of report or link so our staff will be able to work on you request.
Telephone us directly on 0048 603 394 346 and an experienced member of team will be on hand to answer.
-
- Sample Pages
-
With the vast majority of our partners we can obtain Sample Pages to support your decision. This is something we can arrange without revealing your personal details.
It is important to note that we will not be able to provide you the exact data or statistics such as Market Size and Forecasts. Sample pages usually confirm the layout or the Categories included in Charts and Graphs, excluding specific data.
To ask for Sample Pages by contact us through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346.
-
- Check for Alternatives
-
Whilst we try to make our online platform as easy to use as possible there is always the possibility that a better alternative has not been found in your search.
To avoid this possibility Contact us through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346 and a Senior Team Member can review your requirements and send a list of possibilities with opinions and recommendations.
-
- Confirm Content
- Prices / Formats / Delivery
- Prices
-
All prices are set by our partners and should be exactly the same as those listed on their own websites. We work on a Revenue share basis ensuring that you never pay more than what is offered elsewhere.
Should you find the price cheaper on another platform we recommend you to Contact us as we should be able to match this price. You can Contact us though through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346.
-
- Discounts
-
As we work in close partnership with our Partners from time to time we can secure discounts and assist with negotiations, this is part of our personalised service to you.
Discounts can sometimes be arranged for speedily placed orders; multiple report purchases or Higher License purchases.
To check if a Discount is possible please Contact our experienced team through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346.
-
- Available Currencies
-
Most Market Reports on our platform are listed in USD or EURO based on the wishes of our Partners. To avoid currency fluctuations and potential price differentiations we do not offer the possibility to change the currency online.
Should you wish to pay in a different currency to that advertised online we do accept payments in USD, EURO, GBP and PLN. The price will be calculated based on the relevant exchange rate taken from our National Bank.
To pay in a different above currency to that advertised online please Contact our team and a quotation will be sent within a couple of hours with payment details.
-
- Licenses
-
License options vary from Partner to Partner as is usually based on the number of Users that will benefitting from the report. It is very important that License ordered is not breached as this could have potential negative consequences for you individually or your employer.
If you have questions or need confirmation about the specific license we recommend you to Contact us and a detailed explanation will be provided.
-
- Global Site License
-
The Global Site License is the most comprehensive license available. By selecting this license, the Market Report can be shared with other ‘Allowed Users’ and any other member of staff from the same organisation regardless of geographic location.
It is important to note that this may exclude Parent Companies or Subsidiaries.
If you have questions or need confirmation about the specific license we recommend you to Contact us and a detailed explanation will be provided.
-
- Formats
-
The most common format is PDF, however in certain circumstances data may be present in Excel format or Online, especially in the case of Database or Directories. In addition, for certain higher license options a CD may also be provided.
If you have questions or need clarification about the specific formats we recommend you to Contact us and a detailed explanation will be provided.
-
- Delivery
-
Delivery is fulfilled by our partners directly. Once an order has been placed we inform the partner by sharing the delivery email details given in the order process.
Delivery is usually made within 24 hours of an order being placed, however it may take longer should your order be placed prior to the weekend or if otherwise specified on the Market Report details page. Additionally, if details have been not fully completed in the Order process a delay in delivery is possible.
If a delay in delivery is expected you will be informed about it immediately.
-
- Shipping Charges
-
As most Market Reports are delivered in PDF format we almost never have to add additional Shipping Charges. If, however you are ordering a Higher License service or a specific delivery format (e.g. CD version) charges may apply.
If you are concerned about additional Shipping Charges we recommend you to Contact us to double check.
-
- Prices
- Ordering
- By Credit Card
-
We work in Partnership with PayU to ensure payments are made securely in a fast and effortless way. PayU is the e-payments division of Naspers.
Naspers operates in over 133 International Markets and ranks 3rd Globally in terms of the number of e-commerce customers served.
For more information on PayU please visit: https://www.payu.pl/en/about-us
-
- By Money Transfer
-
If you require an invoice prior to payment, this is possible. To ensure a speedy delivery of the Market Report we require all relevant company details and you agree to maximum payment terms of 30 days from receipt of order.
With our regular clients deliver of the Market Report can be made prior to receiving payment, however in some circumstances we may ask for payment to be received before arranging for the Market Report to be delivered.
-
- By Credit Card
- Security
- Website security
-
We have specifically partnered with leading International companies to protect your privacy by using different technologies and processes to ensure security.
Everything submitted to Scotts International is encrypted via SSL (Secure Socket Layer) and all personal information provided to Scotts International is stored on computer systems with limited access in controlled environments.
-
- Credit Card Security
-
We partner with PayU (https://www.payu.pl/en/about-us) to ensure all credit card payments are made securely in a fast and effortless way.
PayU offers 250+ various payment channels and eWallet services across 4 continents allowing buyers to pay electronically, whether on a computer or a mobile device.
-
- Website security