India Meat Substitutes Market By Product (Quorn, Tempeh, Tofu, Seitan and Others), By Source (Soy, Wheat, Pea and Others), By Type (Concentrates, Isolates and Textured), By Form (Solid Vs Liquid), By Company, By Region, Forecast & Opportunities, 2025

As on date of publishing, this report will capture the impact assessment of COVID-19 on this market and the same will be considered in our market forecast model. Clients purchasing this report between April and June 2020 will be getting a ‘free’ updated market data excel sheet between July and September 2020 accounting for the impact of COVID-19 on the market in the current year 2020 and forecast.

India meat substitutes market is expected to grow at a CAGR of close to 10% during the forecast period. The India meat substitutes market is driven by rising health concerns coupled with growing awareness about various diseases caused due to lack of proteins among consumers. Also, increasing vegan population in India is expected to bolster the growth of market over the next few years. Growing demand for plant-based meat products among the population is further aiding the growth of India meat substitutes market over the coming years.

The India meat substitutes market is segmented based on product, source, type, form, company and region. Based on form, the market can be categorized into solid and liquid. Out of which, the solid segments dominated the India meat substitutes market until 2019 and is forecast to maintain its lead during the forecast period as well which can be attributed to high preference by food manufacturers owing to their ease of usage and their ability to preserve flavor and color of food products.

Based on type, the concentrates segment is projected to witness the highest growth in the meat substitutes market during the forecast period as it offer high protein content and very low levels of calories.

The major players operating in the meat substitutes market are Sonic Biochem Limited, ADM Agro Industries India Private Limited, DuPont India, Roquette India Private Limited, Kerry Ingredients India Private Limited, Axiom ingredients and health foods private limited, Ingredion India Private Limited, Cargill India Private Limited and others.

Years considered for this report:

Historical Years: 2015-2018

Base Year: 2019

Estimated Year: 2020

Forecast Period: 2021–2025

Objective of the Study:

• To analyze and estimate the market size of India meat substitutes market from 2015 to 2018.
• To estimate and forecast the market size of India meat substitutes market from 2019 to 2025 and growth rate until 2025.
• To classify and forecast India Meat Substitutes market based on product, source, type, form, company and regional distribution.
• To identify dominant region or segment in the India meat substitutes market.
• To identify drivers and challenges for India meat substitutes market.
• To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in India meat substitutes market.
• To conduct pricing analysis for India meat substitutes market.
• To identify and analyze the profile of leading players operating in India meat substitutes market.
• To identify key sustainable strategies adopted by market players in India meat substitutes market.

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TechSci Research performed both primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of manufacturers across the country. Subsequently, TechSci Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, TechSci Research could include the manufacturers which could not be identified due to the limitations of secondary research. TechSci Research analyzed the manufacturers, distribution channels and presence of all major players across the country.

TechSci Research calculated the market size of India meat substitutes market using a bottom-up approach, wherein data for various end-user segments was recorded and forecast for the future years. TechSci Research sourced these values from the industry experts and company representatives and externally validated through analyzing historical data of these product types and applications for getting an appropriate, overall market size. Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports were also studied by TechSci Research.

Key Target Audience:

• Meat substitutes distributors
• Market research and consulting firms
• Government bodies such as regulating authorities and policy makers
• Organizations, forums and alliances related to meat substitutes

The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as manufacturers, suppliers and partners, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.

Report Scope:

In this report, India meat substitutes market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

• India Meat Substitutes Market, By Product:
• Quorn
• Tempeh
• Tofu
• Seitan
• Others
• India Meat Substitutes Market, By Source:
• Soy
• Wheat
• Pea
• Others
• India Meat Substitutes Market, By Type:
• Concentrates
• Isolates
• Textured
• India Meat Substitutes Market, By Form:
• Solid
• Liquid
• India Meat Substitutes Market, By Region:
• North Region
• East Region
• West Region
• South Region

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in 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).