India Plant-Based Food & Beverages by Product Type (USD Million)

Year PLANT-BASED MILK & DERIVATIVES PLANT-BASED MILK PLANT-BASED CHEESE PLANT-BASED YOGURT PLANT-BASED BUTTER OTHERS PLANT-BASED MEAT TOFU & TOFU PRODUCTS SAUSAGES & PATTIES SEITAN TEMPEH BAKERY & CONFECTIONERY SWEET & SAVORY SNACKS PLANT-BASED JUICES RTD TEA & COFFEE
2019 $ 412.6 $ 252.5 $ 23.2 $ 25.6 $ 34.0 $ 39.9 $ 81.6 $ 34.0 $ 19.8 $ 4.4 $ 4.0 $ 24.4 $ 14.6 $ 44.1 $ 16.6
2020 $ 452.6 $ 276.6 $ 25.5 $ 28.2 $ 37.4 $ 44.1 $ 90.0 $ 37.5 $ 21.8 $ 4.8 $ 4.4 $ 26.8 $ 16.1 $ 48.7 $ 18.3
2021 $ 500.3 $ 305.2 $ 28.2 $ 31.3 $ 41.4 $ 49.3 $ 100.1 $ 41.8 $ 24.3 $ 5.3 $ 4.9 $ 29.7 $ 17.8 $ 54.2 $ 20.3
2022 $ 554.5 $ 337.7 $ 31.3 $ 34.9 $ 45.9 $ 55.0 $ 111.7 $ 46.7 $ 27.2 $ 5.9 $ 5.5 $ 32.9 $ 19.8 $ 60.4 $ 22.7
2023 $ 616.4 $ 374.8 $ 34.9 $ 38.9 $ 51.1 $ 61.6 $ 125.0 $ 52.4 $ 30.5 $ 6.6 $ 6.1 $ 36.7 $ 22.1 $ 67.6 $ 25.3
2024 $ 687.6 $ 417.4 $ 39.0 $ 43.6 $ 57.1 $ 69.4 $ 140.3 $ 58.8 $ 34.3 $ 7.4 $ 6.9 $ 41.0 $ 24.7 $ 75.9 $ 28.4
2025 $ 766.7 $ 464.6 $ 43.5 $ 48.8 $ 63.7 $ 78.0 $ 157.4 $ 66.1 $ 38.6 $ 8.3 $ 7.7 $ 45.8 $ 27.6 $ 85.2 $ 31.9
2026 $ 858.1 $ 519.1 $ 48.8 $ 54.9 $ 71.4 $ 88.0 $ 177.2 $ 74.6 $ 43.6 $ 9.3 $ 8.6 $ 51.4 $ 31.0 $ 96.0 $ 35.9
2027 $ 962.5 $ 581.2 $ 54.8 $ 61.8 $ 80.2 $ 99.5 $ 200.0 $ 84.3 $ 49.3 $ 10.4 $ 9.7 $ 57.7 $ 34.9 $ 108.4 $ 40.4
2028 $ 1081.7 $ 652.1 $ 61.6 $ 69.7 $ 90.2 $ 112.8 $ 226.2 $ 95.5 $ 55.8 $ 11.8 $ 11.0 $ 65.0 $ 39.3 $ 122.6 $ 45.7
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India Plant-Based Food & Beverages by Product Type (USD Million)

Synopsis
The above chart is India Plant-Based Food & Beverages by Product Type (USD Million)

Market Dynamics

india's demand for plant-based food and beverages has been steadily on the rise in recent years. this shift towards a plant-based diet can be attributed to several factors, including increasing health consciousness, environmental awareness, and ethical considerations. one of the main reasons for the growing demand for plant-based products in india is the rising health consciousness among consumers. many people are becoming more conscious of their food choices and are actively seeking out healthier options. plant-based foods and beverages are often perceived as healthier alternatives to animal-based products. they are generally lower in calories and fat, and also contain higher amounts of essential nutrients such as fiber, vitamins, and minerals. this health-conscious trend is also reflected in the increasing number of vegan and vegetarian restaurants and food options available in india. another factor contributing to the demand for plant-based products in india is the growing concern for the environment. livestock production is a major contributor to greenhouse gas emissions, deforestation, and water pollution. as a result, many people are turning to plant-based alternatives as a more sustainable choice for their diet. this trend is also supported by the government's initiatives to promote sustainable and eco-friendly practices in the food industry. ethical considerations are also driving the demand for plant-based products in india. with the rise of ethical concerns around animal welfare, many consumers are choosing to adopt a plant-based diet as a more humane option. this shift is also reflected in the increasing numbers of indian households choosing to go vegetarian or vegan. plant-based products in india are not limited to just food. the demand for plant-based beverages is also on the rise, particularly in the non-dairy milk segment. many consumers are now turning to options such as almond, soy, and coconut milk as alternatives to traditional dairy milk. this trend is further supported by the increasing number of plant-based milk processors and manufacturers in the market. in conclusion, the demand for plant-based food and beverages in india is on the rise, driven by factors such as health consciousness, environmental concerns, and ethical considerations. with the growing availability and variety of plant-based options in the market, it is expected that this trend will continue to grow in the coming years.

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