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 Company

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Summary

Report Description

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.

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Market Segmentation

The global plant-based seafood market is segmented based on product type, source, distribution channel, region, and competitive landscape. Based on the product type, the market is segmented into plant-based fish products, plant-based prawn and shrimp products, and plant-based crab products. Based on source, the market is segmented into soy, yeast, seaweed, and others. Based on the distribution channel, the market is segmented into departmental stores, supermarkets/hypermarkets, convenience stores online, and others. The market analysis also studies regional segmentation to devise regional 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 the major market players that are driving the market growth of the global plant-based seafood market.

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, By Region:

  • 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

 

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the global plant-based seafood market.

Available Customizations:

With the given market data, TechSci Research offers customizations according to a company’s specific needs. The following customization options are available for the report:

Company Information

  • Detailed analysis and profiling of additional market players (up to five).
Global Plant-Based Seafood Market is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected]

Table of content

1.    Product Overview

2.    Research Methodology

3.    Executive Summary

4.    Impact of COVID-19 on Global Plant-Based Seafood Market

5.    Voice of Customer

6.    Global Plant-Based Seafood Market Outlook

6.1.  Market Size & Forecast

6.1.1.     By Value

6.2.  Market Share & Forecast

6.2.1.     By Product Type (Plant-Based Fish Products, Plant-Based Prawn and Shrimp Products, and Plant-Based Crab Products)

6.2.2.     By Source (Soy, Yeast, Seaweed, and Others)

6.2.3.     By Distribution Channel (Departmental Stores, Supermarkets/Hypermarkets, Convenience Stores, Online, Others)

6.2.4.     By Region

6.2.5.     By Company

6.3.  Market Map

7.    North America Plant-Based Seafood Market Outlook

7.1.  Market Size & Forecast          

7.1.1.     By Value

7.2.  Market Share & Forecast

7.2.1.     By Product Type

7.2.2.     By Source

7.2.3.     By Distribution Channel

7.2.4.     By Country (United States; Canada; Mexico and Rest of North America)

7.3.  North America: Country Analysis

7.3.1.     United States Plant-Based Seafood Market Outlook

7.3.1.1.         Market Size & Forecast

7.3.1.1.1.             By Value

7.3.1.2.         Market Share & Forecast

7.3.1.2.1.             By Product Type

7.3.1.2.2.             By Source

7.3.1.2.3.             By Distribution Channel

7.3.2.     Canada Plant-Based Seafood Market Outlook

7.3.2.1.         Market Size & Forecast

7.3.2.1.1.             By Value

7.3.2.2.         Market Share & Forecast

7.3.2.2.1.             By Product Type

7.3.2.2.2.             By Source

7.3.2.2.3.             By Distribution Channel

7.3.3.     Mexico Plant-Based Seafood Market Outlook

7.3.3.1.         Market Size & Forecast

7.3.3.1.1.             By Value

7.3.3.2.         Market Share & Forecast

7.3.3.2.1.             By Product Type

7.3.3.2.2.             By Source

7.3.3.2.3.             By Distribution Channel

8.    Europe Plant-Based Seafood Market Outlook

8.1.  Market Size & Forecast          

8.1.1.     By Value

8.2.  Market Share & Forecast

8.2.1.     By Product Type

8.2.2.     By Source

8.2.3.     By Distribution Channel

8.2.4.     By Country (France, Germany, UK, Italy, Spain, and Rest of Europe)

8.3.  Europe: Country Analysis

8.3.1.     France Plant-Based Seafood Market Outlook

8.3.1.1.         Market Size & Forecast

8.3.1.1.1.             By Value

8.3.1.2.         Market Share & Forecast

8.3.1.2.1.             By Product Type

8.3.1.2.2.             By Source

8.3.1.2.3.             By Distribution Channel

8.3.2.     Germany Plant-Based Seafood Market Outlook

8.3.2.1.         Market Size & Forecast

8.3.2.1.1.             By Value

8.3.2.2.         Market Share & Forecast

8.3.2.2.1.             By Product Type

8.3.2.2.2.             By Source

8.3.2.2.3.             By Distribution Channel

8.3.3.     United Kingdom Plant-Based Seafood Market Outlook

8.3.3.1.         Market Size & Forecast

8.3.3.1.1.             By Value

8.3.3.2.         Market Share & Forecast

8.3.3.2.1.             By Product Type

8.3.3.2.2.             By Source

8.3.3.2.3.             By Distribution Channel

8.3.4.     Italy Plant-Based Seafood Market Outlook

8.3.4.1.         Market Size & Forecast

8.3.4.1.1.             By Value

8.3.4.2.         Market Share & Forecast

8.3.4.2.1.             By Product Type

8.3.4.2.2.             By Source

8.3.4.2.3.             By Distribution Channel

8.3.5.     Spain Plant-Based Seafood Market Outlook

8.3.5.1.         Market Size & Forecast

8.3.5.1.1.             By Value

8.3.5.2.         Market Share & Forecast

8.3.5.2.1.             By Product Type

8.3.5.2.2.             By Source

8.3.5.2.3.             By Distribution Channel

9.    Asia-Pacific Plant-Based Seafood Market Outlook

9.1.  Market Size & Forecast          

9.1.1.     By Value

9.2.  Market Share & Forecast

9.2.1.     By Product Type

9.2.2.     By Source

9.2.3.     By Distribution Channel

9.2.4.     By Country (China; India; Japan; South Korea; Australia; and Rest of Asia Pacific)

9.3.  Asia-Pacific: Country Analysis

9.3.1.     China Plant-Based Seafood Market Outlook

9.3.1.1.         Market Size & Forecast

9.3.1.1.1.             By Value

9.3.1.2.         Market Share & Forecast

9.3.1.2.1.             By Product Type

9.3.1.2.2.             By Source

9.3.1.2.3.             By Distribution Channel

9.3.2.     India Plant-Based Seafood Market Outlook

9.3.2.1.         Market Size & Forecast

9.3.2.1.1.             By Value

9.3.2.2.         Market Share & Forecast

9.3.2.2.1.             By Product Type

9.3.2.2.2.             By Source

9.3.2.2.3.             By Distribution Channel

9.3.3.     Japan Plant-Based Seafood Market Outlook

9.3.3.1.         Market Size & Forecast

9.3.3.1.1.             By Value

9.3.3.2.         Market Share & Forecast

9.3.3.2.1.             By Product Type

9.3.3.2.2.             By Source

9.3.3.2.3.             By Distribution Channel

9.3.4.     South Korea Plant-Based Seafood Market Outlook

9.3.4.1.         Market Size & Forecast

9.3.4.1.1.             By Value

9.3.4.2.         Market Share & Forecast

9.3.4.2.1.             By Product Type

9.3.4.2.2.             By Source

9.3.4.2.3.             By Distribution Channel

9.3.5.     Australia Plant-Based Seafood Market Outlook

9.3.5.1.         Market Size & Forecast

9.3.5.1.1.             By Value

9.3.5.2.         Market Share & Forecast

9.3.5.2.1.             By Product Type

9.3.5.2.2.             By Source

9.3.5.2.3.             By Distribution Channel

10.  Middle East and Africa Plant-Based Seafood Market Outlook

10.1.              Market Size & Forecast

10.1.1.  By Value

10.2.              Market Share & Forecast

10.2.1.  By Product Type

10.2.2.  By Source

10.2.3.  By Distribution Channel

10.2.4.  By Country (UAE; Saudi Arabia; South Africa and Rest of Middle East & Africa)

10.3.              MEA: Country Analysis

10.3.1.  South Africa Plant-Based Seafood Market Outlook

10.3.1.1.      Market Size & Forecast

10.3.1.1.1.           By Value

10.3.1.2.      Market Share & Forecast

10.3.1.2.1.           By Product Type

10.3.1.2.2.           By Source

10.3.1.2.3.           By Distribution Channel

10.3.2.  Saudi Arabia Plant-Based Seafood Market Outlook

10.3.2.1.      Market Size & Forecast

10.3.2.1.1.           By Value

10.3.2.2.      Market Share & Forecast

10.3.2.2.1.           By Product Type

10.3.2.2.2.           By Source

10.3.2.2.3.           By Distribution Channel

10.3.3.  UAE Plant-Based Seafood Market Outlook

10.3.3.1.      Market Size & Forecast

10.3.3.1.1.           By Value

10.3.3.2.      Market Share & Forecast

10.3.3.2.1.           By Product Type

10.3.3.2.2.           By Source

10.3.3.2.3.           By Distribution Channel

10.3.4.  Turkey Plant-Based Seafood Market Outlook

10.3.4.1.      Market Size & Forecast

10.3.4.1.1.           By Value

10.3.4.2.      Market Share & Forecast

10.3.4.2.1.           By Product Type

10.3.4.2.2.           By Source

10.3.4.2.3.           By Distribution Channel

11.  South America Plant-Based Seafood Market Outlook

11.1.              Market Size & Forecast

11.1.1.  By Value

11.2.              Market Share & Forecast

11.2.1.  By Product Type

11.2.2.  By Source

11.2.3.  By Distribution Channel

11.2.4.  By Country (Brazil; Argentina; Colombia; and Rest of South America)

11.3.              South America: Country Analysis

11.3.1.  Brazil Plant-Based Seafood Market Outlook

11.3.1.1.      Market Size & Forecast

11.3.1.1.1.           By Value

11.3.1.2.      Market Share & Forecast

11.3.1.2.1.           By Product Type

11.3.1.2.2.           By Source

11.3.1.2.3.           By Distribution Channel

11.3.2.  Argentina Plant-Based Seafood Market Outlook

11.3.2.1.      Market Size & Forecast

11.3.2.1.1.           By Value

11.3.2.2.      Market Share & Forecast

11.3.2.2.1.           By Product Type

11.3.2.2.2.           By Source

11.3.2.2.3.           By Distribution Channel

11.3.3.  Colombia Plant-Based Seafood Market Outlook

11.3.3.1.      Market Size & Forecast

11.3.3.1.1.           By Value

11.3.3.2.      Market Share & Forecast

11.3.3.2.1.           By Product Type

11.3.3.2.2.           By Source

11.3.3.2.3.           By Distribution Channel

12.  Market Dynamics

12.1.              Drivers

12.2.              Challenges

13.  Market Trends & Developments

14.  Competitive Landscape

14.1.              Company Profiles

14.1.1.  Beyond Meat, Inc.

14.1.2.  Impossible Foods Inc.

14.1.3.  Upside Foods, Inc.

14.1.4.  Aspire Food Group

14.1.5.  Ingredion Incorporated

14.1.6.  Gushen Biological Technology Group Co., Ltd.

14.1.7.  Glanbia plc

14.1.8.  Tyson Foods, Inc.

14.1.9.  Kellogg Co.

14.1.10.                AGRANA Beteiligungs-AG

15.  Strategic Recommendations

16.  About Us & Disclaimer

Figures and Tables

Frequently asked questions

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The market for plant-based seafood is currently being driven by the increasing veganism trend and growing environmental and aquatic animal protection concerns.

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Europe is expected to dominate the market for plant-based seafood during the forecast period owing to launch of new plant-based seafood such as, plant-based fish products, plant-based prawn and shrimp products, plant-based crab products by the manufacturers, which propels the market growth.

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Advanced techniques are needed for the production, packaging, and distribution of plant-based seafood products, which restricts the growth of the Global Plant-based Seafood Market.

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The key players in the global plant-based seafood market are 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., and AGRANA Beteiligungs-AG, etc.

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Parvati Sharma

Account Manager BD
Press Release

Europe is Expected to Hold the Largest Market Share in the Global Plant-Based Seafood Market During the Forecast Period

Oct, 2022

The growing veganism trend and environmental and animal protection awareness drive the growth of the plant-based seafood market during the forecast period.

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