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India Meat Substitutes Market
ID: MRFR/FnB/56200-HCR
200 Pages
June 2025
India Meat Substitutes Market Research Report By Type (Tofu & Tofu Products, Tempeh, Seitan, Others), By Source (Soy, Wheat, Mycoprotein, Others) and By Distribution Channel (based, Non-store based)- Forecast to 2035
Industry Developments
The India Meat Substitutes Market has witnessed notable developments recently, with a significant increase in consumer interest plant-based products. In October 2023, companies like Beyond Meat and Impossible Foods ramped up their marketing efforts to cater to India's growing vegetarian population, particularly among younger consumers. Additionally, Tofurky launched a new range of meat alternatives in India, targeting local tastes and preferences. In terms of mergers and acquisitions, there have been discussions within the industry, but as of yet, no significant confirmed acquisitions involving companies like Quorn Foods or Gardein have emerged in India.
Over the past couple of years, the introduction of plant-based menu items by major food chains, as seen in past reports from April 2022, indicates strong market growth and an increasing acceptance of meat substitutes. Companies like Morningstar Farms and Field Roast are expanding their product lines, pioneering innovative options to meet demands for healthier and sustainable eating. The Indian government’s initiatives promoting sustainable agriculture further enhance the potential for growth in this sector, encouraging investments in plant-based food technology and Research and Development.
Report Scope
| Report Attribute/Metric Source: | Details |
| MARKET SIZE 2023 | 377.3(USD Million) |
| MARKET SIZE 2024 | 450.0(USD Million) |
| MARKET SIZE 2035 | 1500.0(USD Million) |
| COMPOUND ANNUAL GROWTH RATE (CAGR) | 11.567% (2025 - 2035) |
| REPORT COVERAGE | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| BASE YEAR | 2024 |
| MARKET FORECAST PERIOD | 2025 - 2035 |
| HISTORICAL DATA | 2019 - 2024 |
| MARKET FORECAST UNITS | USD Million |
| KEY COMPANIES PROFILED | Tofurky, Vegetarian Butcher, Soylent, Green Roots, Gardein, Field Roast, Plant Based Foods, Impossible Foods, Daring Foods, Mahi Foods, Quorn Foods, Beyond Meat, Epic Plant Protein, Morningstar Farms |
| SEGMENTS COVERED | Type, Source, Distribution Channel |
| KEY MARKET OPPORTUNITIES | Rising vegetarianism trend, Increasing health consciousness, Demand for sustainable options, Growing plant-based product innovation, Expansion in online retail channels |
| KEY MARKET DYNAMICS | increasing vegan population, rising health consciousness, environmental sustainability concerns, government support for alternatives, product innovations and variety |
| COUNTRIES COVERED | India |
FAQs
What is the expected market size of the India Meat Substitutes Market by 2035?
The India Meat Substitutes Market is expected to be valued at 1500.0 USD Million by 2035.
What was the valuation of the India Meat Substitutes Market in 2024?
The market is valued at 450.0 USD Million in the year 2024.
What is the expected compound annual growth rate (CAGR) for the India Meat Substitutes Market from 2025 to 2035?
The expected CAGR for the India Meat Substitutes Market from 2025 to 2035 is 11.567%.
Which type of meat substitutes segment is predicted to dominate the market by 2035?
The Tofu & Tofu Products segment is predicted to dominate the market, reaching 600.0 USD Million by 2035.
What is the projected market size for Seitan in 2035?
The market size for Seitan is projected to be 350.0 USD Million by 2035.
Who are the key players in the India Meat Substitutes Market?
Key players include Tofurky, Vegetarian Butcher, Beyond Meat, and Quorn Foods among others.
What is the market size forecast for Tempeh in the year 2035?
The market size for Tempeh is expected to reach 300.0 USD Million by 2035.
What challenges does the India Meat Substitutes Market currently face?
Challenges include supply chain issues and consumer acceptance of meat substitutes.
Which segment is expected to see significant growth from 2024 to 2035?
The Others segment is expected to grow to 250.0 USD Million by 2035.
How is the market impacted by changing dietary trends in India?
The market is positively impacted by increasing vegetarianism and plant-based diet adoption among consumers.
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