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Report
India Plant Based Protein Market Report and Forecast 2024-2032
Market Report I 2023-12-28 I 140 Pages I EMR Inc.
India Plant Based Protein Market Report and Forecast 2024-2032
Market Outlook
According to the report by Expert Market Research (EMR), the India plant based protein market 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.
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.
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.
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 Freres.
- Titan Biotech Ltd
- Taj Agro International
- Pioneer Industries Private Limited
- Others
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*We at Expert Market Research always strive to provide you with the latest information. The numbers in the article are only indicative and may be different from the actual report.
1 Preface
2 Report Coverage - Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
7 Opportunities and Challenges in the Market
8 Global Plant-based Protein Market Overview
8.1 Key Industry Highlights
8.2 Global Plant-based Protein Historical Market (2018-2023)
8.3 Global Plant-based Protein Market Forecast (2024-2032)
8.4 Global Plant-based Protein Market Share by Region
8.4.1 North America
8.4.2 Europe
8.4.3 Asia Pacific
8.4.4 Latin America
8.4.5 Middle East and Africa
9 India Plant-Based Protein Market Overview
9.1 Key Industry Highlights
9.2 India Plant-based Protein Historical Market (2018-2023)
9.3 India Plant-based Protein Market Forecast (2024-2032)
10 India Plant-based Protein Market by Type
10.1 Concentrates
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Isolates
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 Textured
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
11 India Plant-based Protein Market by Source
11.1 Soy Protein
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Pea Protein
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 Wheat Protein
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 Rice Protein
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Others
12 India Plant-based Protein Market by Application
12.1 Health and Fitness
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Food and Beverage
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Pharmaceutical
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Others
13 India Plant-based Protein Market by Region
13.1 North Region
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 East and Central Region
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 West Region
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 South Region
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter's Five Forces Analysis
14.2.1 Supplier's Power
14.2.2 Buyer's Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Value Chain Analysis
16 Competitive Landscape
16.1 Market Structure
16.2 Company Profiles
16.2.1 Archer Daniels Midland Company
16.2.1.1 Company Overview
16.2.1.2 Product Portfolio
16.2.1.3 Demographic Reach and Achievements
16.2.1.4 Certifications
16.2.2 International Flavors & Fragrances Inc.
16.2.2.1 Company Overview
16.2.2.2 Product Portfolio
16.2.2.3 Demographic Reach and Achievements
16.2.2.4 Certifications
16.2.3 Kerry Group plc.
16.2.3.1 Company Overview
16.2.3.2 Product Portfolio
16.2.3.3 Demographic Reach and Achievements
16.2.3.4 Certifications
16.2.4 Glanbia plc
16.2.4.1 Company Overview
16.2.4.2 Product Portfolio
16.2.4.3 Demographic Reach and Achievements
16.2.4.4 Certifications
16.2.5 Cargill, Incorporated
16.2.5.1 Company Overview
16.2.5.2 Product Portfolio
16.2.5.3 Demographic Reach and Achievements
16.2.5.4 Certifications
16.2.6 Ingredion Incorporated
16.2.6.1 Company Overview
16.2.6.2 Product Portfolio
16.2.6.3 Demographic Reach and Achievements
16.2.6.4 Certifications
16.2.7 Roquette Freres.
16.2.7.1 Company Overview
16.2.7.2 Product Portfolio
16.2.7.3 Demographic Reach and Achievements
16.2.7.4 Certifications
16.2.8 Titan Biotech Ltd
16.2.8.1 Company Overview
16.2.8.2 Product Portfolio
16.2.8.3 Demographic Reach and Achievements
16.2.8.4 Certifications
16.2.9 Taj Agro International
16.2.9.1 Company Overview
16.2.9.2 Product Portfolio
16.2.9.3 Demographic Reach and Achievements
16.2.9.4 Certifications
16.2.10 Pioneer Industries Private Limited
16.2.10.1 Company Overview
16.2.10.2 Product Portfolio
16.2.10.3 Demographic Reach and Achievements
16.2.10.4 Certifications
16.2.11 Others
17 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Plant-based Protein Market: Key Industry Highlights, 2018 and 2032
2. India Plant-based Protein Market: Key Industry Highlights, 2018 and 2032
3. India Plant-based Protein Historical Market: Breakup by Source (USD Million), 2018-2023
4. India Plant-based Protein Market Forecast: Breakup by Source (USD Million), 2024-2032
5. India Plant-based Protein Historical Market: Breakup by Type (USD Million), 2018-2023
6. India Plant-based Protein Market Forecast: Breakup by Type (USD Million), 2024-2032
7. India Plant-based Protein Historical Market: Breakup by Application (USD Million), 2018-2023
8. India Plant-based Protein Market Forecast: Breakup by Application (USD Million), 2024-2032
9. India Plant-based Protein Historical Market: Breakup by Region (USD Million), 2018-2023
10. India Plant-based Protein Market Forecast: Breakup by Region (USD Million), 2024-2032
11. India Plant-based Protein Market Structure
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