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India's Plant Protein Market Set to Double to ₹9,000 Cr
27 Aug
Summary
- India's plant-based protein ingredient market to double to ₹9,000 crore in five years.
- Consumer shift from calorie-consciousness to targeted nutrition drives growth.
- Currently, 90% of plant-protein ingredients are imported, offering domestic manufacturing opportunities.
India's plant-based protein ingredient market is projected to reach Rs 9,000 crore in the next five years, doubling its current value. This surge is attributed to a significant consumer trend moving from calorie awareness to a focus on targeted nutrition, with protein being a key dietary driver.
The sector's annual growth of approximately 18% significantly outpaces the global average. Despite this strong domestic demand, nearly 90% of plant-protein ingredients are imported, creating a substantial opening for local manufacturing capabilities.
Beyond nutritional benefits, plant-based foods contribute to sustainable food systems, aligning with India's 2070 net-zero emission goals. Increased policy support and investment in domestic extraction facilities, which can cost Rs 200-250 crore, are crucial for reducing import dependence and positioning India as a global supplier.
