India Vegan Food Market: Industry Outlook, Size, Share, Growth (CAGR of 11.32%), Top Companies Analysis and Research Report 2022-2027

According to IMARC Group's latest report, titled "India Vegan Food Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027, the India vegan food market is expected to exhibit a CAGR of 11.32% during 2022-2027. Vegan food refers to plant-based alternatives for dairy and meat. They include tofu, textured vegetable protein (TVP), cheese, seitan, quorn, etc. These vegan food products are rich sources of antioxidants, fiber, protein, potassium, folate, magnesium, minerals, complex carbohydrates, vitamin A, vitamin C, vitamin E, etc. They help to lower cholesterol levels, manage type 2 diabetes, reduce the risk of cancer and heart ailments, minimize the pain of arthritis, boost energy, promote, weight loss, and improve skin health, etc. As a result, vegan diet items are in extensive demand among consumers in India.

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We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.

India Vegan Food Market Trends:

The growing awareness among people about the health benefits of vegan food in comparison to animal-based food products is among the key factors driving the India vegan food market. Moreover, the emerging trend among restaurants and fast-food chains of offering vegan meat, pizza, waffles, burritos, ice cream, cookies, brownies, etc., is also positively influencing the market across the country. Apart from this, the rising number of individuals suffering from lactose intolerance and the introduction of packaged and dairy-free milk, chocolates, cheese, fat spreads, breakfast cereals, unsweetened soya drinks, etc., fortified with vitamin D by leading market players are acting as significant growth-inducing factors. In addition to this, the launch of several favorable policies by the government bodies aimed at promoting the adoption of a sustainable diet featuring plant-based foods that help fight climate change and other environmental issues caused by fishing activities and animal agriculture is expected to propel the India vegan food market in the coming years.

Key Market Segmentation:

The report has segmented the India vegan food market based on product, source, distribution channel and region.

Breakup by Product:

• Dairy Alternatives:
o Cheese
o Dessert
o Snacks
o Others

• Meat Substitutes:
o Tofu
o TVP
o Seiten
o Quorn
o Others

• Others

Breakup by Source:

• Almond
• Soy
• Oats
• Wheat
• Others

Breakup by Distribution Channel:

• Supermarkets and Hypermarkets
• Convenience Stores
• Specialty Stores
• Online Stores
• Others

Breakup by Region:

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

Competitive Landscape With Key Players:

The competitive landscape of the industry has also been examined along with the profiles of the key players.

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Note: We are updating our reports, if you want the report with the latest primary and secondary data (2023-2028) including industry trends, market size and competitive landscape, etc. click request free sample report, published report will be delivered to you in PDF format via email within 24 to 48 hours. This report can serve as an excellent guide for investors, researchers, consultants, marketing strategists and all those who are planning to foray into the market in any form.

Key Highlights of the Report:

• Market Performance (2016-2021)
• Market Outlook (2022-2027)
• Market Trends
• Market Drivers and Success Factors
• Impact of COVID-19
• Value Chain Analysis
• Comprehensive mapping of the competitive landscape

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

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