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India Vegan Food Market: By Product Type: Dairy Alternatives, Meat Substitutes, Egg Alternatives, Vegan Bakery, Confectionery, Plant-Based Snacks, Others; By Distribution Channel; Regional Analysis; Historical Market and Forecast (2016-2026); Market Dynamics; Value Chain Analysis; Competitive Landscape; Industry Events and Developments

India Vegan Food Market Outlook

The India vegan food market is being supported by the growth of the overall global vegan food market, which attained a value of USD 15.4 billion in 2020. The global vegan food market is further expected to grow in the forecast period of 2021-2026 at a CAGR of 26%.

 

The Vegan Food Market in India to be Bolstered by Changing Diet Patterns

India is one of the leading vegan food markets in the Asia Pacific region. The increasing demand for vegan fast-food alternatives such as chips, biscuits, muffins, chocolates, soymilk ice cream and shakes, and bakery items is expected to boost the market growth. Growing consumer awareness of healthy lifestyles, such as how to eat a healthier diet, lose weight, and lower cholesterol and fat, can help vegan food products, such as plant-based vegan foods, grow further within the industry.

 

India Vegan Food Market

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Vegan chocolates are becoming increasingly popular due to their numerous health benefits, including the reduction of plaque and fat in arteries, as well as the strengthening of the immune system against a wide range of bacterial and viral infections, which could accelerate the vegan food market growth in India. Furthermore, industry players are introducing a range of high-quality vegan food products in a variety of flavours and enticing packaging to appeal to a broader customer base, which is expected to support the market growth.

 

Vegan Food: Industry Definition and Segmentation

Veganism is a vegetarian diet that does not include meat, dairy, eggs, or any other animal-derived ingredients like honey, collagen, or gelatin. Vegan food products avoid animal products and by-products like fat, stock, caviar, roe, eggs, milk, cheese, and meat, among others.

By product type, the industry is segmented into the following:

  • Dairy Alternatives
    • Milk
    • Cheese
    • Yoghurt
    • Desserts
    • Others
  • Meat Substitutes
    • Tofu
    • TVP
    • Seiten
    • Quorn
    • Others
  • Egg Alternatives
  • Vegan Bakery
  • Confectionery
  • Plant-Based Snacks
  • Others

The distribution channel for the India vegan industry includes the following:

  • Supermarkets/Hypermarkets
  • Convenience Stores
  • Speciality Stores
  • Online
  • Others

The report also covers the Indian regional markets like North, East, West, and South India.

 

Growing Awareness of Veganism to Boost the Market Demand

Plant-based foods are well-positioned to bridge the socio-cultural divides in India due to a growing middle class, increased knowledge of global trends, and the need for protein transitions for human and planetary health, as well as deep-seated cultural views on meat consumption among India's diverse population. The increase in restaurants catering to the vegan population is expected to further propel the growth of the market in India. The growing penetration of global players in the region is expected to further support the market growth.

 

Key Industry Players in the India Vegan Food Market

The report gives a detailed analysis of the following key players in the India vegan food market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:

  • VegaLyfe
  • The Hershey Company
  • Piperleaf
  • Good Dot
  • Ahimsa Food (Veggie Champ)
  • Soft Spot Foods
  • Others

The comprehensive EMR report provides an in-depth assessment of the industry based on the Porter's five forces model along with giving a SWOT analysis.

 

REPORT FEATURES DETAILS
Base Year 2020
Historical Period 2016-2020
Forecast Period 2021-2026
Scope of the Report Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Product Type, Distribution Channel, Region
Breakup by Product Type Dairy Alternatives, Meat Substitutes, Egg Alternatives, Vegan Bakery, Confectionery, Plant-Based Snacks, Others
Breakup by Distribution Channel Supermarkets/Hypermarkets, Convenience Stores, Speciality Stores, Online, Others
Breakup by Region North India, East India, West India, South India
Market Dynamics SWOT, Porter's Five Forces, EMR’s Key Indicators for Price and Demand
Competitive Landscape Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications
Companies Covered VegaLyfe, The Hershey Company, Piperleaf, Good Dot, Ahimsa Food (Veggie Champ), Soft Spot Foods, Others
Report Price and Purchase Option Explore our purchase options that are best suited to your resources and industry needs.
Delivery Format Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option.

 

*We at Expert Market Research always thrive to give you 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    Snapshot
    6.1    India
7    Industry Opportunities and Challenges
8    India Vegan Food Market Analysis

    8.1    Key Industry Highlights
    8.2    India Vegan Food Historical Market (2016-2020) 
    8.3    India Vegan Food Market Forecast (2021-2026)
    8.4    India Vegan Food Market by Product Type
        8.4.1    Dairy Alternatives
            8.4.1.1    Market Share
            8.4.1.2    Historical Trend (2016-2020)
            8.4.1.3    Forecast Trend (2021-2026)
            8.4.1.4    Breakup of Type
                8.4.1.4.1    Milk
                    8.4.1.4.1.1    Market Share
                    8.4.1.4.1.2    Historical Trend (2016-2020)
                    8.4.1.4.1.3    Forecast Trend (2021-2026)
                8.4.1.4.2    Cheese
                    8.4.1.4.2.1    Market Share
                    8.4.1.4.2.2    Historical Trend (2016-2020)
                    8.4.1.4.2.3    Forecast Trend (2021-2026)
                8.4.1.4.3    Yoghurt
                    8.4.1.4.3.1    Market Share
                    8.4.1.4.3.2    Historical Trend (2016-2020)
                    8.4.1.4.3.3    Forecast Trend (2021-2026)
                8.4.1.4.4    Desserts
                    8.4.1.4.4.1    Market Share
                    8.4.1.4.4.2    Historical Trend (2016-2020)
                    8.4.1.4.4.3    Forecast Trend (2021-2026)
                8.4.1.4.5    Others
        8.4.2    Meat Substitutes
            8.4.2.1    Market Share
            8.4.2.2    Historical Trend (2016-2020)
            8.4.2.3    Forecast Trend (2021-2026)
            8.4.2.4    Breakup of Type
                8.4.2.4.1    Tofu
                    8.4.2.4.1.1    Market Share
                    8.4.2.4.1.2    Historical Trend (2016-2020)
                    8.4.2.4.1.3    Forecast Trend (2021-2026)
                8.4.2.4.2    TVP
                    8.4.2.4.2.1    Market Share
                    8.4.2.4.2.2    Historical Trend (2016-2020)
                    8.4.2.4.2.3    Forecast Trend (2021-2026)
                8.4.2.4.3    Seiten
                    8.4.2.4.3.1    Market Share
                    8.4.2.4.3.2    Historical Trend (2016-2020)
                    8.4.2.4.3.3    Forecast Trend (2021-2026)
                8.4.2.4.4    Quorn
                    8.4.2.4.4.1    Market Share
                    8.4.2.4.4.2    Historical Trend (2016-2020)
                    8.4.2.4.4.3    Forecast Trend (2021-2026)
                8.4.2.4.5    Others
        8.4.3    Egg Alternatives
            8.4.3.1    Market Share
            8.4.3.2    Historical Trend (2016-2020)
            8.4.3.3    Forecast Trend (2021-2026)
        8.4.4    Vegan Bakery
            8.4.4.1    Market Share
            8.4.4.2    Historical Trend (2016-2020)
            8.4.4.3    Forecast Trend (2021-2026)
        8.4.5    Confectionery
            8.4.5.1    Market Share
            8.4.5.2    Historical Trend (2016-2020)
            8.4.5.3    Forecast Trend (2021-2026)
        8.4.6    Plant-Based Snacks
            8.4.6.1    Market Share
            8.4.6.2    Historical Trend (2016-2020)
            8.4.6.3    Forecast Trend (2021-2026)
        8.4.7    Others
    8.5    India Vegan Food Market by Distribution Channel
        8.5.1    Supermarkets/Hypermarkets
            8.5.1.1    Market Share
            8.5.1.2    Historical Trend (2016-2020)
            8.5.1.3    Forecast Trend (2021-2026)
        8.5.2    Convenience Stores
            8.5.2.1    Market Share
            8.5.2.2    Historical Trend (2016-2020)
            8.5.2.3    Forecast Trend (2021-2026)
        8.5.3    Speciality Stores
            8.5.3.1    Market Share
            8.5.3.2    Historical Trend (2016-2020)
            8.5.3.3    Forecast Trend (2021-2026)
        8.5.4    Online
            8.5.4.1    Market Share
            8.5.4.2    Historical Trend (2016-2020)
            8.5.4.3    Forecast Trend (2021-2026)
        8.5.5    Others
    8.6    India Vegan Food Market by Region
        8.6.1    Market Share
            8.6.1.1    North
            8.6.1.2    East
            8.6.1.3    West
            8.6.1.4    South
9    Regional Analysis
    9.1    North
        9.1.1    Historical Trend (2016-2020)
        9.1.2    Forecast Trend (2021-2026)
    9.2    East
        9.2.1    Historical Trend (2016-2020)
        9.2.2    Forecast Trend (2021-2026)
    9.3    West
        9.3.1    Historical Trend (2016-2020)
        9.3.2    Forecast Trend (2021-2026)
    9.4    South
        9.4.1    Historical Trend (2016-2020)
        9.4.2    Forecast Trend (2021-2026)
10    Market Dynamics
    10.1    SWOT Analysis
        10.1.1    Strengths
        10.1.2    Weaknesses
        10.1.3    Opportunities
        10.1.4    Threats
    10.2    Porter’s Five Forces Analysis
        10.2.1    Supplier’s Power
        10.2.2    Buyer’s Power
        10.2.3    Threat of New Entrants
        10.2.4    Degree of Rivalry
        10.2.5    Threat of Substitutes
    10.3    EMR’s Key Indicators for Demand
    10.4    EMR’s Key Indicators for Price
11    Value Chain Analysis
12    Competitive Landscape

    12.1    Market Structure
    12.2    Company Profiles
        12.2.1    VegaLyfe
            12.2.1.1    Company Overview
            12.2.1.2    Product Portfolio
            12.2.1.3    Demographic Reach and Achievements
            12.2.1.4    Certifications
        12.2.2    The Hershey Company
            12.2.2.1    Company Overview
            12.2.2.2    Product Portfolio
            12.2.2.3    Demographic Reach and Achievements
            12.2.2.4    Certifications
        12.2.3    Piperleaf
            12.2.3.1    Company Overview
            12.2.3.2    Product Portfolio
            12.2.3.3    Demographic Reach and Achievements
            12.2.3.4    Certifications
        12.2.4    Good Dot
            12.2.4.1    Company Overview
            12.2.4.2    Product Portfolio
            12.2.4.3    Demographic Reach and Achievements
            12.2.4.4    Certifications
        12.2.5    Ahimsa Food (Veggie Champ)
            12.2.5.1    Company Overview
            12.2.5.2    Product Portfolio
            12.2.5.3    Demographic Reach and Achievements
            12.2.5.4    Certifications
        12.2.6    Soft Spot Foods
            12.2.6.1    Company Overview
            12.2.6.2    Product Portfolio
            12.2.6.3    Demographic Reach and Achievements
            12.2.6.4    Certifications
        12.2.7    Others
13    Industry Events and Developments

 

List of Figures and Tables

1.    India Vegan Food Market: Key Industry Highlights, 2016 and 2026
2.    India Vegan Food Historical Market: Breakup by Product Type (USD Million), 2016-2020
3.    India Vegan Food Market Forecast: Breakup by Product Type (USD Million), 2021-2026
4.    India Vegan Food Historical Market: Breakup by Distribution Channel (USD Million), 2016-2020
5.    India Vegan Food Market Forecast: Breakup by Distribution Channel (USD Million), 2021-2026
6.    India Vegan Food Historical Market: Breakup by Region (USD Million), 2016-2020
7.    India Vegan Food Market Forecast: Breakup by Region (USD Million), 2021-2026
8.    India Vegan Food Market Structure

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