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 Download Sample Ask for Discount Request CustomizationPlant-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
The global plant-based seafood market is expected to register an impressive CAGR during the forecast period. Plant-based seafood is a vegan substitute for seafood with a similar color, texture, appearance, and flavor. It is typically made by combining soy, starch, vegetable extracts, edible oils, and other seasonings with plant protein isolates. These raw materials are further processed with additives and coloring agents to achieve a flavor and texture resembling fish, shrimp, crabs, and other foods. As they aid in lowering the increased consumption of seafood and thus ease pressure on the world's diminishing fisheries, plant-based seafood products are ecologically sustainable.
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
Consumers generally are more aware of their overall wellness and health. An increasing number of consumers worldwide prefer plant-based seafood products owing to their lack of allergens, absence of mercury, purity as vegan food, safety, lack of side effects, and long shelf lives. Products made from plants that resemble seafood are gaining popularity, especially as more and more people opt for healthy lifestyles. The demand for various protein sources has increased as more people have turned their attention to fitness. The vegan or vegetarian population is especially interested in plant-based protein options. Fish made from plants is thought to be the best option for vegans to meet their protein needs.
Increasing Awareness Regarding Welfare of Animals and Environment is Driving The Market Growth
Numerous international organizations are launching campaigns to raise awareness of the advantages of adopting a plant-based diet for your health, the welfare of animals, and the environment as a whole. For instance, Compassion in World Farming, a U.K.-based organization, has started a campaign called Rethink Fish that calls on supporters to increase pressure on the government to improve conditions for fish. These campaigns aim to inform the public about animal cruelty and the risks that animals bred unhygienically can pose to the environment and human health. This will likely cause the demand for fish made from plants to increase over the next few years.
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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