INDIAN VEGAN FOOD MARKET ANALYSIS

Indian Vegan Food MarketSize and Trends

Indian vegan food market was valued at US$ 1,372.3 Mn in 2022 and is expected to reach US$ 2,756.6 Mn by 2030, exhibiting a CAGR of 9.1% during the forecast period 2023-2030.

Indian Vegan Food Market- Trends

• Growing number of restaurants catering to the vegan community in the country can drive market growth in forecast period. Rising awareness about the medical advantages of vegan food products can boost the market growth. Whereas, an increasing number of lactose intolerant individuals, coupled with the widespread availability of vegan food in the market helps to increase the sale of vegan products. For instance, on April 29, 2021, Upton’s Naturals (the plant-based meat manufacturer) collaborated with Dot Foods, which is the largest food industry redistributor in North America. The new relationship will increase the availability of the brands popular 100% plant based meat alternatives for distributors, restaurants, and foodservice establishments nationwide.