Plant-Based Seafood Market– Global Industry Size, Share, Trends, Opportunity, and Forecast, 2017-2027 Segmented By Product Type (Plant-Based Fish Products, Plant-Based Prawn and Shrimp Products, and Plant-Based Crab Products), By Source (Soy, Yeast, Seaweed, and Others), By Distribution Channel (Departmental Stores, Supermarkets/Hypermarkets, Convenience Stores, Online, Others), By Region, By Comp

Published Date: October - 2024 | Publisher: MIR | No of Pages: 320 | Industry: Consumer Goods and Retail | Format: Report available in PDF / Excel Format

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Plant-Based Seafood Market– Global Industry Size, Share, Trends, Opportunity, and Forecast, 2017-2027 Segmented By Product Type (Plant-Based Fish Products, Plant-Based Prawn and Shrimp Products, and Plant-Based Crab Products), By Source (Soy, Yeast, Seaweed, and Others), By Distribution Channel (Departmental Stores, Supermarkets/Hypermarkets, Convenience Stores, Online, Others), By Region, By Comp

Get ready, because the plant-based seafood market is predicted to explode with growth over the next few years! We're talking serious CAGR. Plant-based seafood? Think vegan seafood – it looks, feels, and even tastes like the real thing. Usually, it's crafted from things like soy, starch, vegetable extracts, edible oils, and seasonings mixed with plant protein isolates. Then, they add a little magic – additives and colors – to nail that fishy flavor and texture, mimicking everything from shrimp to crab. The best part? Plant-based seafood is a win for the planet. By offering a tasty alternative, it helps reduce our reliance on real seafood and takes some pressure off our dwindling fish populations, making it an ecologically sound choice.

Additionally, as more people adopt healthy lifestyles, there may be more opportunities in the market for plant-based seafood to expand in the years to come. The demand for plant-based seafood may face additional challenges soon due to a lack of awareness that could prevent it from becoming more versatile.

Rising Food Sensitivity Cases Drive Market Growth

These days, people are really thinking about their health and well-being. That's why more and more folks around the globe are choosing plant-based seafood. They love that it's allergen-free, doesn't have mercury, is purely vegan, and feels safe, without those nasty side effects, plus it lasts a long time on the shelf! Plant-based versions of our favorite seafood dishes are really taking off, especially since healthy living is trending. As fitness becomes a bigger focus, the need for various protein sources is on the rise. Vegans and vegetarians are especially keen on plant-based protein, and plant-based fish is seen as a great way for vegans to get their protein fix.

Increasing Awareness Regarding Welfare of Animals and Environment is Driving The Market Growth

Lots of groups around the world are trying to get the word outeating more plants is good for you, great for animals, and helps the planet too! Take Compassion in World Farming, a U.K. group, for example. They've launched this Rethink Fish campaign, asking people to push the government to treat fish better. These campaigns want to show everyone how animals are sometimes treated badly, and how raising animals in gross ways can be bad for the environment and even our own health. Because of this, expect to see more and more people wanting plant-based fish alternatives in the years to come.

Challenge In Offering The Same Taste as Seafood

It is difficult for the manufacturers to replicate the flavor and texture of authentic seafood in plant-based seafood. Plant-based seafood does not have a chance of entering the mainstream until it meets the consumer expectations. To successfully create delicious plant-based seafood, it is necessary to use the best plant-based ingredients and have a thorough understanding of how those ingredients interact with one another and respond to processing and cooking.

Market Segmentation

MIR Ghrap2

Company Profile

Beyond Meat, Inc., Impossible Foods Inc., Upside Foods, Inc., Aspire Food Group, Ingredion Incorporated, Gushen Biological Technology Group Co., Ltd., Glanbia, Plc, Tyson Foods, Inc., Kellogg Co., AGRANA Beteiligungs-AG are

AttributeDetails
Base Year2021
Historical Years2017 – 2021
Estimated Year2022
Forecast Period2023 – 2027
Quantitative UnitsRevenue in USD Billion and CAGR for 2017-2021 and 2022-2027
Report CoverageRevenue forecast, company share, competitive landscape, growth factors, and trends
Segments Covered· Product Type· Source· Distribution Channel· Region· Competition
Regional ScopeNorth America, Europe, Asia-Pacific, Middle East & Africa, and South America
Country ScopeUnited States, Canada, Mexico, France, Germany, United Kingdom, Italy, Spain, China, India, Japan, South Korea, Australia, South Africa, Saudi Arabia, UAE, Turkey, Brazil, Argentina, Colombia
Key Companies ProfiledBeyond Meat, Inc., Impossible Foods Inc., Upside Foods, Inc., Aspire Food Group, Ingredion Incorporated, Gushen Biological Technology Group Co., Ltd., Glanbia plc, Tyson Foods, Inc., Kellogg Co., AGRANA Beteiligungs-AG, etc.
Customization Scope10% free report customization with purchase. Addition or alteration to country, regional & segment scope.
Pricing and Purchase OptionsAvail of customized purchase options to meet your exact research needs. Explore purchase options
Delivery FormatPDF and Excel through Email (We can also provide the editable version of the report in PPT/pdf format on special request)

Report Scope

In this report, the global plant-based seafood market has been segmented into the following categories, in addition to the industry trends which have also been detailed below

  •   Plant-Based Seafood Market, By Product Type
    • Plant-Based Fish Products
    • Plant-Based Prawn and Shrimp Products
    • Plant-Based Crab Products
  •   Plant-Based Seafood Market, By Source
    • Soy
    • Yeast
    • Seaweed
    • Others
  •   Plant-Based Seafood Market, By Distribution Channel
    • Departmental Stores
    • Supermarkets/Hypermarkets
    • Convenience Stores
    • Online
    • Others

Plant-Based Seafood Market

  • North America
    • The United States
    • Canada
    • Mexico
  • Europe
    • France
    • Germany
    • The United Kingdom
    • Italy
    • Spain
  • Asia-Pacific
    • China
    • India
    • Japan
    • South Korea
    • Australia
  • Middle East & Africa
    • Saudi Arabia
    • South Africa
    • UAE
    • Turkey
  • South America
    • Brazil
    • Argentina
    • Colombia

Table of Content

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List Tables Figures

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