India Meat Substitutes Market Size and Trend Analysis by Categories and Segment, Distribution Channel, Packaging Formats, Market Share, Demographics and Forecast, 2021-2026

India Meat Substitutes Market Size and Trend Analysis by Categories and Segment, Distribution Channel, Packaging Formats, Market Share, Demographics and Forecast, 2021-2026

Summary

GlobalData’s Country Profile report on the meat substitute sector in the India provides insights on high growth markets to target, trends in the usage of packaging materials, types and closures category level distribution data and companies market shares.

The Indian meat substitutes sector was led by grain based category in value terms, in 2021. The soy based category is forecast to register fastest value growth during 2021-2026. Hypermarkets & supermarkets accounted for the leading share in the distribution of meat substitutes products in the country. Rugenwalder Muhle Carl Muller GmbH und Co. KG, TOPAS GmbH and Tofutown.com GmbH are the top three companies in the German Meat substitutes sector.

Scope

• Per capita consumption of soy based meat substitutes was higher than other categories, in India, in 2021
• Convenience Stores is the leading distribution channel in the Indian meat substitutes sector
• Hypermarkets & supermarkets is the leading distribution channel in the vegetable/plant base proteins segment
• In 2021, strong domestic demand will drive GDP growth
• With India being one of the countries that bore the brunt of the COVID-19 outbreak, the economy lost a lot of ground in 2021

• Identify high potential categories and explore further market opportunities based on detailed value analysis
• Existing and new players can analyze key distribution channels to identify and evaluate trends and opportunities
• Gain an understanding of the total competitive landscape based on detailed company share analysis to plan effective market positioning
• Our team of analysts have placed a significant emphasis on changes expected in the market that will provide a clear picture of the opportunities that can be tapped over the next five years, resulting in revenue expansion
• The packaging analysis report helps manufacturers, in identifying the most commonly used packaging materials in the sector
• Analysis on key macro-economic indicators such as real GDP, nominal GDP, consumer price index, household consumption expenditure, population (by age group, gender, rural-urban split, and employed people and unemployment rate. It also includes economic summary of the country along with labor market and demographic trends.