Plant-based protein market to reach ₹9,000 cr in 5 yrs: Industry body PBFIA
India's plant-based protein ingredient market is projected to double to Rs 9,000 crore in the next five years, with consumers' preference shifting from calorie-conscious food to targeted nutrition, industry body PBFIA said on Thursday.
"The country is witnessing a clear shift from calorie-consciousness to nutritional consciousness, with protein emerging as a key driver of food choices.
The plant-based food sector is growing at around 18 per cent annually, significantly ahead of the 7-8 per cent global growth rate, while the plant-protein ingredients market is currently valued at approximately Rs 4,500 crore and is expected to double over the next five years," PBFIA executive director Praveer Srivastava said at 'Fi India and ProPak India 2026'.
However, nearly 90 per cent of plant-protein ingredients are currently imported, he said, adding that this offers a huge opportunity for domestic manufacturers.
Beyond nutrition, plant-based foods can play an important role in building more ..
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