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
View Details Buy Now 2890 Download Sample Ask for Discount Request CustomizationGet 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
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
| Attribute | Details |
| Base Year | 2021 |
| Historical Years | 2017 – 2021 |
| Estimated Year | 2022 |
| Forecast Period | 2023 – 2027 |
| Quantitative Units | Revenue in USD Billion and CAGR for 2017-2021 and 2022-2027 |
| Report Coverage | Revenue forecast, company share, competitive landscape, growth factors, and trends |
| Segments Covered | · Product Type· Source· Distribution Channel· Region· Competition |
| Regional Scope | North America, Europe, Asia-Pacific, Middle East & Africa, and South America |
| Country Scope | United 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 Profiled | 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, etc. |
| Customization Scope | 10% free report customization with purchase. Addition or alteration to country, regional & segment scope. |
| Pricing and Purchase Options | Avail of customized purchase options to meet your exact research needs. Explore purchase options |
| Delivery Format | PDF 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
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