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Fitday.in taps into the $180 billion artificial meat market, launches plant-based meat in India

Fitday.in, a nutraceutical start-up that has generated a lot of hype since its launch in 2020, has announced the launch of a line of plant-based meat products.

June 14, 2022 / 16:56 IST
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(Representational image) Pizzas and burgers with plant-based meat are available in India.

Fitday.in, a nutraceutical start-up creating quite the buzz since it entered the market in 2020, announced that they are launching a series of products in the plant-based meat segment.

The global market for plant-based meat was estimated at USD 5.06 billion in 2021. It is predicted to increase at a CAGR of 19.3 percent between 2022 and 2030. The market is likely driven by increasing consumer interest in plant-based diets and heightened awareness of animal rights through various animal welfare organizations. The global market for plant-based meat was estimated at USD 5.06 billion in 2021. It is predicted to increase at a CAGR of 19.3 percent between 2022 and 2030.

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Talking about the plans, the founder, Mr. Suresh Raju, said, Veganism is becoming more popular among consumers for health and ethical reasons, while vegetarian ingredients are becoming more popular among customers who want to prevent animal cruelty and consume sustainable food. Since India closely follows the U.S. trends, we expect similar growth for plant-based meats in India.

Plant-based meat is meat derived from plants. It is manufactured to taste, look, and feel like traditional meat from animal products. Plant-based meat is increasingly becoming a feature of the vegan diet, in which people live a vegetarian lifestyle free of animal products. Plant-based meat is increasingly becoming a feature of the vegan diet, in which people live a vegetarian lifestyle free of animal products.