Market Overview
| Study Period | 2017 - 2030 |
|---|---|
| Base Year For Estimation | 2024 |
| Forecast Data Period | 2025 - 2030 |
| Market Size (2025) | USD 1 Billion |
| Market Size (2030) | USD 1.35 Billion |
| Growth Rate (2025 - 2030) | 6.30% CAGR |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order Image © Mordor Intelligence. Reuse requires attribution under CC BY 4.0. |
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India Plant Protein Market Analysis by Mordor Intelligence
The India Plant Protein Market size is estimated at 1 billion USD in 2025, and is expected to reach 1.35 billion USD by 2030, growing at a CAGR of 6.30% during the forecast period (2025-2030).
India's plant protein industry is experiencing a transformative shift driven by changing consumer preferences and dietary habits. The country has witnessed a significant rise in plant-based protein in India, with 24% of the population identifying as strictly vegetarian and 9% as vegan in 2022. This dietary transformation is further supported by increased health consciousness, with 57% of consumers in 2023 demonstrating a willingness to spend more on genuine green and healthy products, even across tier-one and tier-two cities. The government has also shown strong support for the industry, as evidenced by Maharashtra's allocation of INR 2,399 crore in September 2024 to support soybean farmers through a newly introduced scheme.
The industry is witnessing substantial innovation and product development across various categories. Major companies are launching new products to meet evolving consumer preferences, as demonstrated by Nestlé's introduction of KOKO KRUNCH Millet-Jowar and MUNCH Breakfast Cereals in India in 2024. The establishment of the Centre for Smart Protein and Sustainable Material Innovation in Bengaluru in May 2024, through a collaboration between IKP Knowledge Park and the Good Food Institute (GFI), further highlights the industry's commitment to innovation and sustainability.
The personal care and cosmetics segment has emerged as a significant growth area within the plant-based protein market. Consumer preferences are increasingly shifting toward natural and sustainable products, with 71% of customers in 2023 preferring to purchase face creams or lotions with 'natural' claims. This trend extends to various personal care products, with manufacturers incorporating vegetarian protein for their functional benefits in skin care, hair care, and cosmetic applications.
The sports and nutrition sector represents another dynamic segment of the plant-based protein market size. The increasing focus on fitness and sports activities, evidenced by 66% of adolescents participating in sports as of 2024, has created substantial demand for vegan protein supplements. This trend aligns with broader health awareness, particularly notable given that 76% of the Indian population suffered from vitamin D deficiency as of 2023, driving consumers toward nutritional supplementation. The market has responded with innovative plant-based protein alternatives, with 63% of Indians regularly purchasing plant-based meat products in 2023, indicating a growing acceptance of plant protein alternatives across various consumer segments.
India Plant Protein Market Trends and Insights
India emerging as one of the major markets in terms of plant protein consumption
- Increased production of major plant proteins, like soybean, rice, pea, and wheat, is impacting availability of protein ingredients from the sources. Although many plant products are consumed as staple foods in the country, the increased applications of these protein ingredients in developing innovative foods are further boosting their consumption. The increasing number and engagement capability of vegan influencers among the internet-savvy young generation, who also believed that a vegan diet is healthy (74%), good for the environment (72%), and ethically sound (73%) as of 2023, has proven to be pivotal in the rise of the veganism trend in India. These are among the factors contributing to the rising demand for plant-based protein.
- With the increasing awareness of plant proteins, Indian consumers, especially younger generations, are turning toward plant protein-fortified foods. For instance, as of 2024, nearly 50% of Indians are familiar with plant-based dairy products, and 27.5% are aware of meat alternatives. Awareness of these products is most prominent in metropolitan areas and among individuals with monthly incomes ranging from INR 100,000 (USD 1,200) to INR 150,000 (USD 1,800). Among those who purchased plant-based milk in the previous six months, 82% expressed a willingness to buy it again, with a comparable 72% indicating the same for vegan meat.
- Moreover, in 2022-2023, a significant portion of India's population, nearly 80%, was deficient in daily protein intake, and a vast majority (90%) was unaware of their recommended daily protein needs. This unmet need fuels a strong forecast for increased demand for plant-based proteins, offering a sustainable and potentially more accessible alternative to meet this nutritional gap.
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India to focus more on soybean and pea production among plant protein types
- India produces different commodities for the plant protein industry, including rice, wheat, dry peas, and soy. The graph shows the production data for these commodities. India is one of the world's leading rice producers, accounting for about 20% of global rice production in 2021. The higher production of the commodities is supported by India's soil moisture, low temperatures, and well-distributed rainfall. Total rice production during 2023-2024 was estimated at a record 1,378.25 LMT. It is higher by 20.70 LMT than the previous year’s rice production of 1,357.55 LMT. Wheat production during 2023-2024 was estimated at a record 1,132.92 LMT, higher by 27.38 LMT than the previous year’s wheat production of 1,105.54 LMT, while the production of Shree Anna was estimated at 175.72 LMT as compared to 173.21 LMT during the previous year.
- India is also one of the top soybean producers worldwide. During the Kharif season 2023, the soybean production was recorded to be 118.7 million metric tons. Public and private companies are developing various techniques and directly engaging with farmers to enhance farm incomes and increase soybean yield. To augment the production, the State Government of Maharashtra and the Public-Private Partnership for Integrated Agriculture Development (PPPIAD), in collaboration with ADM, introduced new technologies for soybean cultivation.
- Similarly, several farm-centric policies and programs, such as PMKSY, PMFBY, PKVY, SHM SHC, and e-NAM, help attain the desired objectives in pea production in India. Uttar Pradesh and Madhya Pradesh are the country's top pea growers. The pigeon pea production in India amounted to 4.34 million tonnes from an acreage of 5.05 million ha, with a productivity of 859 kg/ha in 2022.
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OTHER KEY INDUSTRY TRENDS COVERED IN THE REPORT
- Growing concerns about infant nutrition are driving the market
- Non-alcoholic drinks are predicted to support market growth
- Home cooking is driving the market
- Dairy alternatives to witness significant growth rate
- Growing preference for a protein-rich diet to influence segment growth
- The healthier snacking option is driving the market
- Compound Feed Supporting the Demand for Animal Feed in India
- The increasing presence of organized bakeries is anticipated to impact the market
- Fortification and innovative packaging trends are expected to influence the breakfast cereals segment
- Growing per capita consumption and retail infrastructure are driving market growth
- Increase in the geriatric population is driving the segment
- The RTE/RTC segment is dominant in the food processing industry
- Rising Awareness Regarding Sport/Performance Nutrition Is Increasing the Consumer Base in the Market
- Premiumization and growing preference for natural ingredients boosting the segment
Segment Analysis: Protein Type
Soy Protein Segment in India Plant Protein Market
Soy protein maintains its dominant position in the Indian plant protein market, commanding approximately 61% market share in 2024. This substantial market presence is primarily attributed to its multifunctional traits, including high dispersibility, solubility, and superior emulsion capacity, particularly at pH 6.5. The segment's leadership is further strengthened by soy protein isolates' growing popularity among consumers and food manufacturers due to their meat-like amino acid content, along with a rich composition of fiber, minerals, and complex carbohydrates. The segment's strong position is also supported by increasing soybean production in India, with the country producing about 14 MMT of soybeans in 2023, with Rajasthan leading production at 10.126 MMT. Additionally, government initiatives like the 'Right to Protein' initiative and the Maharashtra government's allocation of INR 2,399 crore to support soybean farmers have significantly boosted the segment's growth.
Hemp Protein Segment in India Plant Protein Market
Hemp protein is emerging as the most dynamic segment in the Indian plant protein market, projected to grow at approximately 9% CAGR between 2024 and 2029. This remarkable growth trajectory is driven by the widespread adoption of veganism in India, with hemp protein serving as a major protein substitute due to its allergen-free properties and optimal ratio of fatty acids. The segment's expansion is particularly notable in the personal care and cosmetics industry, where hemp protein's powerful anti-inflammatory, anti-aging, and acne-healing properties make it increasingly popular. The protein's versatility is demonstrated in various applications, from face creams and masks to shampoos and body oils. Furthermore, hemp protein's growing popularity in sports nutrition is attributed to its natural composition, high content of beneficial fats (omega 3 and 6), fiber content, and ability to provide sustained energy levels without causing bloating.
Remaining Segments in Plant Protein Type
The Indian plant protein market encompasses several other significant segments, including wheat protein, pea protein, rice protein, potato protein, and other plant proteins. Wheat protein has established a strong presence, particularly in the bakery and animal feed sectors, while pea protein is gaining traction in meat alternatives and sports nutrition products due to its superior amino acid profile. Rice protein has carved out its niche in the beverages and infant formula segments, leveraging its hypoallergenic properties. Potato protein, though a smaller segment, is finding increasing applications in specialized food products and animal feed. Other plant proteins, including those derived from various sources like lupin, quinoa, and sunflower seeds, are emerging as innovative alternatives, particularly in the dairy alternatives and functional foods segments.
Segment Analysis: End User
Food & Beverages Segment in India Plant Protein Market
The Food & Beverages segment dominates the India plant protein market, commanding approximately 45% market share in 2024. This dominance is primarily driven by the rising demand for plant-based alternatives across various food categories, particularly in the meat alternatives subsegment. The segment's strong position is supported by increasing health consciousness among Indian consumers and growing awareness about protein-rich diets. Major food manufacturers are actively expanding their plant protein portfolios, especially in categories like dairy alternatives, bakery products, and ready-to-eat meals. The segment's growth is further bolstered by the rising vegan population in India, with about 24% of Indians identifying as vegetarians in 2024, creating a substantial market for vegetable protein products.
Personal Care & Cosmetics Segment in India Plant Protein Market
The Personal Care & Cosmetics segment is emerging as the fastest-growing segment in the India plant protein market, projected to grow at approximately 9% CAGR between 2024 and 2029. This remarkable growth is driven by increasing consumer awareness regarding natural ingredients in personal care products, with about 71% of customers preferring face creams and lotions claiming to be 'natural' in 2024. The segment is witnessing significant innovation in plant-based protein formulations, particularly in hair care and skin care products. The trend is further supported by the rising demand for vegan and cruelty-free cosmetics, with manufacturers increasingly incorporating protein ingredients like hemp, pea, and rice proteins into their formulations for their moisturizing, anti-aging, and texture-enhancing properties.
Remaining Segments in End User Segmentation
The Animal Feed and Supplements segments complete the market landscape for plant proteins in India. The Animal Feed segment maintains a strong presence due to the growing livestock population and increasing demand for protein-enriched animal nutrition products. This segment is particularly significant in poultry and aquaculture applications, where plant proteins serve as cost-effective alternatives to traditional protein sources. The Supplements segment, while smaller in size, plays a crucial role in serving specific consumer needs, particularly in sports nutrition, elderly nutrition, and infant formula applications. Both segments are witnessing continuous innovation in product formulations and increasing adoption of various plant protein sources like soy, pea, and wheat proteins.
Competitive Landscape
Top Companies in India Plant Protein Market
The plant protein manufacturers in India market is characterized by intense innovation and strategic expansion activities among key players like Südzucker AG, International Flavors & Fragrances, Archer Daniels Midland, and Vippy Industries. Companies are heavily investing in research and development to create novel plant protein ingredients market, particularly focusing on pea and soy-based innovations to meet growing consumer demand for meat and dairy alternatives. Operational agility is demonstrated through the establishment of new manufacturing facilities and R&D centers across the country, with companies like BENEO and Kerry Group setting up dedicated innovation hubs. Strategic moves predominantly revolve around product portfolio expansion, with companies introducing clean-label, organic, and sustainable protein options. Market leaders are also strengthening their distribution networks and forming strategic partnerships to enhance their market presence and cater to the rising demand from various end-user industries.
Fragmented Market with Strong Global Players
The Indian plant-based protein market exhibits a fragmented structure with a mix of global conglomerates and local specialists competing for market share. Global players like Cargill, ADM, and IFF leverage their extensive research capabilities and worldwide supply chain networks to maintain their market positions, while local players such as Vippy Industries capitalize on their understanding of regional preferences and established domestic distribution channels. The market is witnessing increased participation from international companies through direct investments and subsidiary operations, reflecting the growing attractiveness of the Indian market.
Merger and acquisition activities are becoming increasingly prominent as companies seek to expand their technological capabilities and market reach. Companies are actively pursuing vertical integration strategies, acquiring local manufacturing facilities and distribution networks to strengthen their presence in the Indian market. The industry is also seeing strategic partnerships between global ingredient suppliers and local food manufacturers to develop innovative plant-based products tailored to Indian tastes and preferences, indicating a trend toward market consolidation through collaborative approaches.
Innovation and Sustainability Drive Future Growth
Success in the Indian plant protein market increasingly depends on companies' ability to develop innovative, cost-effective solutions while maintaining sustainable practices throughout their supply chains. Market leaders are focusing on developing proprietary technologies for protein extraction and processing, while also investing in sustainable sourcing practices to appeal to environmentally conscious consumers. Companies need to balance premium positioning with affordability to penetrate deeper into the price-sensitive Indian market, while simultaneously maintaining product quality and nutritional value to meet evolving consumer expectations.
For new entrants and smaller players, success lies in identifying and serving niche market segments with specialized plant protein solutions. Companies must focus on developing strong relationships with local agricultural producers to ensure consistent raw material supply and maintain cost competitiveness. Regulatory compliance, particularly regarding food safety standards and labeling requirements, will become increasingly important as the market matures. Players must also invest in consumer education and awareness programs to drive adoption of plant-based proteins, while developing products that align with traditional Indian dietary preferences and cooking methods to ensure long-term market success.
India Plant Protein Industry Leaders
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Archer Daniels Midland Company
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International Flavors & Fragrances, Inc.
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Kerry Group PLC
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Südzucker AG
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VIPPY INDUSTRIES LIMITED
- *Disclaimer: Major Players sorted in no particular order
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Recent Industry Developments
- June 2022: Roquette, a plant-based protein manufacturer, released two novel rice proteins to address the market demand for meat substitute applications. The new Nutralys rice protein line includes a rice protein isolate and a rice protein concentrate.
- May 2022: BENEO, a subsidiary of Südzucker, entered a purchase agreement to acquire Meatless BV, a producer of functional ingredients. BENEO is expanding its existing product offering with the acquisition to offer an even broader range of texturizing solutions for meat and fish alternatives.
- April 2021: ADM opened a new, cutting-edge plant-based innovation lab located in ADM’s Biopolis research hub in Singapore. The lab develops advanced products and customized solutions to meet the growing food and beverage demand in the Asia-Pacific region. The ADM Biopolis research hub in Singapore features a wide range of capabilities, including a food and flavor analytic lab, beverage and dairy applications lab and pilot plant, bakery and confectionery lab, meat and savory lab, sweet and savory creation lab, sensory evaluation facilities, customer innovation center, and a new plant-based innovation lab.
India Plant Protein Market Report Scope
Hemp Protein, Pea Protein, Potato Protein, Rice Protein, Soy Protein, Wheat Protein are covered as segments by Protein Type. Animal Feed, Food and Beverages, Personal Care and Cosmetics, Supplements are covered as segments by End User.
Protein Type
| Hemp Protein |
| Pea Protein |
| Potato Protein |
| Rice Protein |
| Soy Protein |
| Wheat Protein |
| Other Plant Protein |
End User
| Animal Feed | ||
| Food and Beverages | By Sub End User | Bakery |
| Beverages | ||
| Breakfast Cereals | ||
| Condiments/Sauces | ||
| Confectionery | ||
| Dairy and Dairy Alternative Products | ||
| Meat/Poultry/Seafood and Meat Alternative Products | ||
| RTE/RTC Food Products | ||
| Snacks | ||
| Personal Care and Cosmetics | ||
| Supplements | By Sub End User | Baby Food and Infant Formula |
| Elderly Nutrition and Medical Nutrition | ||
| Sport/Performance Nutrition | ||
| Protein Type | Hemp Protein | ||
| Pea Protein | |||
| Potato Protein | |||
| Rice Protein | |||
| Soy Protein | |||
| Wheat Protein | |||
| Other Plant Protein | |||
| End User | Animal Feed | ||
| Food and Beverages | By Sub End User | Bakery | |
| Beverages | |||
| Breakfast Cereals | |||
| Condiments/Sauces | |||
| Confectionery | |||
| Dairy and Dairy Alternative Products | |||
| Meat/Poultry/Seafood and Meat Alternative Products | |||
| RTE/RTC Food Products | |||
| Snacks | |||
| Personal Care and Cosmetics | |||
| Supplements | By Sub End User | Baby Food and Infant Formula | |
| Elderly Nutrition and Medical Nutrition | |||
| Sport/Performance Nutrition | |||
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Market Definition
- End User - The Protein Ingredients Market operates on a B2B basis. Food, Beverages, Supplements, Animal Feed, and Personal Care & Cosmetic manufacturers are considered to be end-consumers in the market studied. The scope excludes manufacturers buying liquid/dry whey to be used for application as a binding agent or thickener or other non-protein applications.
- Penetration Rate - Penetration Rate is defined as the percentage of Protein-Fortified End User Market Volume in the Overall End User Market Volume.
- Average Protein Content - Average protein content is the average protein content present per 100 g of product manufactured by all end-user companies considered under the scope of this report.
- End User Market Volume - End-user market volume is the consolidated volume of all types and forms of end-user products in the country or region.
| Keyword | Definition |
|---|---|
| Alpha-lactalbumin (α-Lactalbumin) | It is a protein that regulates the production of lactose in the milk of almost all mammalian species. |
| Amino acid | It is an organic compound that contains both amino and carboxylic acid functional groups, which are required for the synthesis of body protein and other important nitrogen-containing compounds, such as creatine, peptide hormones, and some neurotransmitters. |
| Blanching | It is the process of briefly heating vegetables with steam or boiling water. |
| BRC | British Retail Consortium |
| Bread improver | It is a flour-based blend of several components with specific functional properties designed to modify dough characteristics and give quality attributes to bread. |
| BSF | Black Soldier Fly |
| Caseinate | It is a substance produced by adding an alkali to acid casein, a derivative of casein. |
| Celiac disease | Celiac disease is an immune reaction to eating gluten, a protein found in wheat, barley, and rye. |
| Colostrum | It is a milky fluid that’s released by mammals that have recently given birth before breast milk production begins. |
| Concentrate | It is the least processed form of protein and has a protein content ranging from 40-90% by weight. |
| Dry protein basis | It refers to the percentage of "pure protein" present in a supplement after the water in it is completely removed through heat. |
| Dry whey | It is the product resulting from drying fresh whey which has been pasteurized and to which nothing has been added as a preservative. |
| Egg protein | It is a mixture of individual proteins, including ovalbumin, ovomucoid, ovoglobulin, conalbumin, vitellin, and vitellenin. |
| Emulsifier | It is a food additive that facilitates the blending of foods that are immiscible with one another, such as oil and water. |
| Enrichment | It is the process of addition of micronutrients that are lost during the processing of the product. |
| ERS | Economic Research Service of the USDA |
| Extrusion | It is the process of forcing soft mixed ingredients through an opening in a perforated plate or die designed to produce the required shape. The extruded food is then cut to a specific size by blades. |
| Fava | Also known as Faba, it is another word for yellow split beans. |
| FDA | Food and Drug Administration |
| Flaking | It is a process in which typically a cereal grain (like corn, wheat, or rice) is broken down into grits, cooked with flavors and syrups, and then pressed into flakes between cooled rollers. |
| Foaming agent | It is a food ingredient that makes it possible to form or maintain a uniform dispersion of a gaseous phase in a liquid or solid food. |
| Foodservice | It refers to the part of the food industry which includes businesses, institutions, and companies which prepare meals outside the home. It includes restaurants, school and hospital cafeterias, catering operations, and many other formats. |
| Fortification | It is the deliberate addition of micronutrients that are not found in them naturally or which are lost during processing, to improve a food product's nutritional value. |
| FSANZ | Food Standards Australia New Zealand |
| FSIS | Food Safety and Inspection Service |
| FSSAI | Food Safety and Standards Authority of India |
| Gelling agent | It is an ingredient that functions as a stabilizer and thickener to provide thickening without stiffness through the formation of gel. |
| GHG | Greenhouse Gas |
| Gluten | It is a family of proteins found in grains, including wheat, rye, spelt, and barley. |
| Hemp | It is a botanical class of Cannabis sativa cultivars grown specifically for industrial or medicinal use. |
| Hydrolysate | It is a form of protein manufactured by exposing the protein to enzymes that can partially break the bonds between the protein's amino acids and break down large, complicated proteins into smaller pieces. Its processing makes it easier and quicker to digest. |
| Hypoallergenic | It refers to a substance that causes fewer allergic reactions. |
| Isolate | It is the purest and most processed form of protein which has undergone separation to obtain a pure protein fraction. It typically contains ≥ 90% of protein by weight. |
| Keratin | It is a protein that helps form hair, nails, and the outer layer of skin. |
| Lactalbumin | It is the albumin contained in milk and obtained from whey. |
| Lactoferrin | It is an iron‑binding glycoprotein that is present in the milk of most mammals. |
| Lupin | It is the yellow legume seeds of the genus Lupinus. |
| Millenial | Also known as Generation Y or Gen Y, it refers to the people born from 1981 to 1996. |
| Monogastric | It refers to an animal with a single-compartmented stomach. Examples of monogastric include humans, poultry, pigs, horses, rabbits, dogs, and cats. Most monogastric are generally unable to digest much cellulose food materials such as grasses. |
| MPC | Milk protein concentrate |
| MPI | Milk protein isolate |
| MSPI | Methylated soy protein isolate |
| Mycoprotein | Mycoprotein is a form of single-cell protein, also known as fungal protein, derived from fungi for human consumption. |
| Nutricosmetics | It is a category of products and ingredients that act as nutritional supplements to care for skin, nails, and hair natural beauty. |
| Osteoporosis | It is a medical condition in which the bones become brittle and fragile from loss of tissue, typically as a result of hormonal changes, or deficiency of calcium or vitamin D. |
| PDCAAS | Protein digestibility-corrected amino acid score (PDCAAS) is a method of evaluating the quality of a protein based on both the amino acid requirements of humans and their ability to digest it. |
| Per-capita consumption of animal protein | It is the average amount of animal protein (such as milk, whey, gelatin, collagen, and egg proteins) that is readily available for consumption by each person in an actual population. |
| Per-capita consumption of plant protein | It is the average amount of plant protein (such as soy, wheat, pea, oat, and hemp proteins) that is readily available for consumption by each person in an actual population. |
| Quorn | It is a microbial protein manufactured using mycoprotein as an ingredient, in which the fungus culture is dried and mixed with egg albumen or potato protein, which acts as a binder, and then is adjusted in texture and pressed into various forms. |
| Ready-to-Cook (RTC) | It refers to food products that include all of the ingredients, where some preparation or cooking is required through a process that is given on the package. |
| Ready-to-Eat (RTE) | It refers to a food product prepared or cooked in advance, with no further cooking or preparation required before being eaten. |
| RTD | Ready-to-Drink |
| RTS | Ready-to-Serve |
| Saturated fat | It is a type of fat in which the fatty acid chains have all single bonds. It is generally considered unhealthy. |
| Sausage | It is a meat product made of finely chopped and seasoned meat, which may be fresh, smoked, or pickled and which is then usually stuffed into a casing. |
| Seitan | It is a plant-based meat substitute made out of wheat gluten. |
| Softgel | It is a gelatin-based capsule with a liquid fill. |
| SPC | Soy protein concentrate |
| SPI | Soy protein isolate |
| Spirulina | It is a biomass of cyanobacteria that can be consumed by humans and animals. |
| Stabilizer | It is an ingredient added to food products to help maintain or enhance their original texture, and physical and chemical characteristics. |
| Supplementation | It is the consumption or provision of concentrated sources of nutrients or other substances that are intended to supplement nutrients in the diet and is intended to correct nutritional deficiencies. |
| Texturant | It is a specific type of food ingredient that is used to control and alter the mouthfeel and texture of food and beverage products. |
| Thickener | It is an ingredient that is used to increase the viscosity of a liquid or dough and make it thicker, without substantially changing its other properties. |
| Trans fat | Also called trans-unsaturated fatty acids or trans fatty acids, it is a type of unsaturated fat that naturally occurs in small amounts in meat. |
| TSP | Textured soy protein |
| TVP | Textured vegetable protein |
| WPC | Whey protein concentrate |
| WPI | Whey protein isolate |
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Research Methodology
Mordor Intelligence follows a four-step methodology in all our reports.
- Step-1: Identify Key Variables: The quantifiable key variables (industry and extraneous) pertaining to the specific product segment and country are selected from a group of relevant variables & factors based on desk research & literature review; along with primary expert inputs. These variables are further confirmed through regression modeling (wherever required).
- Step-2: Build a Market Model: In order to build a robust forecasting methodology, the variables and factors identified in Step-1 are tested against available historical market numbers. Through an iterative process, the variables required for market forecast are set and the model is built on the basis of these variables.
- Step-3: Validate and Finalize: In this important step, all market numbers, variables and analyst calls are validated through an extensive network of primary research experts from the market studied. The respondents are selected across levels and functions to generate a holistic picture of the market studied.
- Step-4: Research Outputs: Syndicated Reports, Custom Consulting Assignments, Databases & Subscription Platforms
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