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IT'S GO TIME for Plant-based Meat Industry
The plant-based food sector presents an incredible opportunity to India for the long term by effectively and efficiently utilising natural resources and adding value through processing. It can cater towards the populations living and working in cities as well as those in rural settings, who increasingly have access to cold chains and upermarkets. It can leverage the unique strengths and qualities of its indigenous crops. The export market for India’s plant-based sector is projected to be significant by 2030, with the plant-based meat market expected to be larger than that of milk, as per a report by the Agricultural and Processed Food Export Development Authority(APEDA). The plant-based meat market is projected to range from $283 million to $880 million (Rs 2194 crore to Rs 6824 crore). Although the Indian plant-based meat market is currently in its nascent stage, it has already established its position in the market. The market is still small at around Rs 300 crore, but it has the potential to grow 8-10 times and reach Rs 3,500 crore by 2026. Let's take a closer look at the buoyant plant-based meat space.

It's Go Time For Plant-Based Meat Industry

The plant-based food sector presents an incredible opportunity to India for the long term by effectively and efficiently utilising natural resources and adding value through processing. It can cater towards the populations living and working in cities as well as those in rural settings, who increasingly have access to cold chains and supermarkets. It can leverage the unique strengths and qualities of its indigenous crops.

10+ mins

How Plant-Based Meat Is Driving India's Shift Towards Sustainable Protein

India, the most populous country in the world, is eating more meat than at any other time in history.

5 mins

What's Driving Plant-Based Meat Sector in APAC

Plant-based meat was first developed in Asia and now, plant-based seafood is in demand in the region. According to a recent report by the Good Food Institute APAC, consumers in Asia are increasingly changing their dietary habits to include plant-based seafood due to concerns about heavy pollution in the ocean. Plant-based seafood or alternative seafood is emerging as a new source of food in Asia.

9 mins

Budget 2023 & Impact on Agriculture Some Reflections

The Union Budget 2023-24, presented by the Finance Minister has many positive announcements for agriculture in general and a budget allotment of Rs 1.25 lakh crore. The budget is an important instrument used by governments to shape public policy, economic growth and desired public responses to a country’s needs.

8 mins

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Agrospectrum is a B2B digital media platform catering to all sub-sectors and verticals of the agro business – from food grains to inputs, machinery, live-stock, fisheries to agro tourism. It regularly updates on latest news on Agri—business and analytical & informative articles targeted at agro industry and business leadership, key decision makers; R&D, policy makers, academia and farmers’ community leaders. The portal is devoted to agriculture related business and not farming activity. It neither informs nor guides the farmers on direct farming, but handles allied and peripheral areas of agriculture related activity called agriculture business.