(MENAFN- PR Newswire) DUBLIN, Jan. 22, 2023 /PRNewswire/ -- The 'indian vegan food market, by product, by source, by distribution channels, and by sub-region - size, share, outlook, and opportunity analysis, 2022 - 2030' report has been added to
ResearchAndMarkets.com's offering.
The vegan food market has been growing in recent years due to more people looking for plant-based alternatives to meat and dairy products. In the market there are various vegan food brands are available, most vegan foods are made from soy or seitan and they can be stored in refrigerated sections of grocery shops which helps to increase the sales of vegan food.
Market Dynamics
The consumption of vegan food products prevent the risk of type-2 diabetes and cardiovascular diseases. For improving the quality of products and increasing demand of customers, the manufactures are using innovative ingredients as well as processes in their products such as ready to eat products which is driving the vegan food market growth during the forecast period.
For instance, in March 2022, Indian plant-based dairy startup, 'One Good' (Formerly Goodmylk) acquired the domestic nutrition brand 'PRO2FIT'. The main goal of One Good (Formerly Goodmylk) is to make eco-friendly food choices at affordable prices across India.
Furthermore, in December 2020, Ahimsa Food, a plant-based meat manufacturing company developed a Veggie Champ Brand. Under this brand, Ahimsa Food offers curry products such as Vegan Classic Chicken, Mock Mutton, Mock Duck, mock fish fillet, pepper salami, and vegan burgers made with a mixer of soy, milk, wheat protein, mustard, and spices.
Key Features of the Study:
This report provides an in-depth analysis of the Indian vegan food market, its market size (US$ Bn), and compound annual growth rate (CAGR %) for the forecast period (2022-2030), considering as the base year It elucidates potential revenue opportunity across different segments and explains an attractive investment proposition matrix for this market This study also provides key insights about market drivers, restraints, opportunities, new material type launches or approvals, regional outlook, and competitive strategies adopted by key players It profiles key players in the vegan food market based on the following parameters - company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies, and future plans Insights from this report would allow marketers and management authorities of companies to make an informed decision regarding future product launches, technology up-gradation, market expansion, and marketing tactics The Indian vegan food market report caters to various stakeholders in this industry including investors, suppliers, distributors, new entrants, and financial analysts Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the Indian vegan food market
Company Profiles
One Good (Formerly Goodmylk) GoodDot EVO Foods Ahimsa Food Wakao Foods Jus Amazin So Good Live Yum Piper leaf Soft Spot Food Vega Lyfe The Hershey Company Sun Opta Inc. Living Harvest Food Inc. Pascual Group Grub Market SunFed Danone Whitewave Foods Company
Detailed Segmentation:
Indian Vegan Food Market, By Product
Dairy Alternatives Cheese Snacks Desert Others Meat Substitutes Tofu Seitan Quorn Others
Indian Vegan Food Market, By Source
Almonds Oats Wheat Others
Indian Vegan Food Market, By Distribution Channels
Offline Supermarket Hypermarket Online Specialty Stores
Indian Vegan Food Market, By Sector:
North India South India East India West & Central India
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