India: Plant-Based Sector Will See “Explosive Growth” Says Plant-Based Foods Industry Association
Mar 17, 2022
India’s recently established Plant-Based Foods Industry Association (PBFIA) has met with the country’s Minister of State for Food Processing Industries to discuss the future of the plant-based sector. The PBFIA delegation told the minster, Prahlad Singh Patel, that the industry is still in its early stages but “explosive growth” is expected. Executive Director Sanjay Sethi requested support in areas such as capacity building and policy changes to help the industry expand. The PBFIA is now set to meet with the Ministry to discuss cold chain logistics and improving parcel operations between Indian cities. The association will also help to organise events for plant-based stakeholders, with the aim of understanding and resolving challenges faced by the industry. ©Evo Foods
Alt-protein in India
While meat consumption in India is on the rise as the country becomes wealthier, there is also growing interest in modern plant-based alternatives. Last year, it was reported that there had been a huge increase in launches of vegan products as plant-based eating continues to grow in popularity in the country. Research from 2020 found that 62.8% of Indians were very or extremely likely to purchase plant-based meat, while 48.7% would buy cultivated meat. Some Indian celebrities have even begun acting as brand ambassadors for alt-meat companies, reflecting that these products are becoming more mainstream. A recent study also found that cultivated meat has the potential to “transform” the Indian food system , though significant investment will be needed to make it viable. “Indian businesses and scientists have immense potential to be at the centre of this development [towards plant-based foods], driving affordability and sensory experiences as well as cultural appeal in transformative plant-based foods,” said Varun Deshpande, Managing Director at GFI India. Share article:
receive the most important news from the vegan business world. Invalid email address
I agree that my mail address is used to receive a newsletter on a regular basis. Cancel at any time (link at the end of every newsletter).