KRYSTAL VENTURES STUDIO envisions an eco-system to facilitate startup growth and development and find investors to partner with & move their business from good to great.
Plant-based alternatives are minimally processed and mainly composed of plant extracts, making them vegan-friendly. These products have wide acceptability among vegan product consumers and vegetarians too.
Plant-based alternatives are led by the global meat and dairy sector that is currently going through an outstanding level of competition, disruption, and opportunities driven by the growth of viable plant-based alternatives across many categories. Other product verticals include beauty and wellness.
Consumer interest in sustainable alternatives to conventional animal products continues to grow around the world as global retail sales of plant-based meat alternatives pass the $5 billion mark in 2021. The category 2021 saw expansion, innovation, and visibility on the rise. Startups, large food companies, and retailers launched hundreds of new products, adding to the growth of global retail sales.
If the penetration continues to grow the alternative plant-based meat alternatives market is expected to grow from $29 billion in 2020 to $162 billion in the coming decade. This growth will bring in new jobs and business opportunities. Just the meat, egg, and dairy smart protein categories could create 0.37 million jobs by 2030.
Companies advanced applications of plant-based technology to produce new and enhanced products across categories.
Almost every category in 2021 saw a rise in retail sales. US market alone witnessed a sales of 1.9 billion units
The FDI relaxation in India has led to positive investor sentiments as investors from around the world are investing in the Indian plant-based market which is expected to reach $47.57 million by 2026.
The category has seen new technological developments in 2021 including improved scalability in processing.
Consumer choices are not restricted to plant-based food alternatives. New age consumers are including the alternatives in other aspects of life as well. As there is a growing consumer base for these products companies have started foraying into other plant-based products under the beauty and wellness categories. The recent emerging market is Nutraceuticals. Product technology, solution efficacy and medical formulations of pharmaceuticals combined with demand and FMCG distribution network have led to an overwhelming response in terms of consumer adaption and sales of Nutraceutical products.
At KRYSTAL VENTURES STUDIO we cover diversified plant-based cohorts and investor portfolios curated for diverse investment and ROI needs. Our vision of creating an investor and startup-friendly ecosystem is built on strong leadership skills and industry experience to deliver maximum growth for all the stakeholders.
Driven by massive growth with no signs of a slowdown, entering the plant-based product market seems to be the right approach with lucrative returns.
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Don’t shy away from experimenting. Meat alternatives with a twist are being accepted by vegans and flexitarians alike.
Consumers are looking for more effective and high nutritional value ingredients in plant-based products.
Sustainable packaging materials and a no-touch packaging policy are attracting consumers and early adopters.
Consumer values are centred around convenient meal preps, taste and health when it comes to plant-based products.
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The consumer base is rising as they are becoming more educated on environmental issues and more selective about the types of products they’re willing to purchase.
New technological advancements in the plant-based food space are rapidly emerging to meet growing consumer demands and expectations.
In addition to meat alternatives, other plant-based alternatives are gaining popularity as well, like egg substitutes and spreads.
The rising popularity of plant-based products has compelled retailers to integrate plant-based foods into their offerings.
Since the market is booming, major food companies are coming into the role and small plant-based food companies are experiencing significant growth.
Restaurants are expanding their plant-based menu options due to increasing consumer demand.
Gen Z is the driving force behind the plant-based movement with 79% of them claiming to eat plant-based once or twice per week.
Not only individuals but governments are also stepping up to support this growing industry.
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KRYSTAL VENTURES STUDIO envisions bringing plant-based product startups and investors on one platform. Our vision is to create cohorts of finely curated future-ready startups and make them ‘an asset-class’ for investors. Further to this vision, we aim at creating a pool of wise investors that are keen on bringing diverse investment opportunities to their existing investment portfolios.
We are rapidly expanding our base at both the ends and in future, we wish to add more startups to our cohorts in the plant-based market that are technology enablers, robust marketplace platforms and innovative plant-based product makers.
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