Market Overview:
The Europe plant-based seafood market size reached US$ 31.8 Million in 2021. Looking forward, IMARC Group expects the market to reach US$ 154.4 Million by 2027, exhibiting a growth rate (CAGR) of 30.46% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic. These insights are included in the report as a major market contributor.
Plant-based seafood refers to a vegan substitute similar to seafood in texture, smell, and taste. It is manufactured by combining a mixture of soy, seaweed, yeast, vegetable oils, starches, coloring agents and additives. Plant-based seafood is rich in proteins, omega-3 and does not contain mercury, which improves the absorption of nutrients while reducing the risk of heavy metal toxicity in the body. With the growing trend of veganism among the younger population, there has been high adoption of plant-based seafood in the European region.
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Note: Information in the above chart consists of dummy data and is only shown here for representation purpose. Kindly contact us for the actual market size and trends.
The Europe plant-based seafood market is primarily driven by the rising concerns toward environmental pollution and animal cruelty. Plant-based seafood is a sustainable option that is not detrimental to biodiversity. Due to this, governments of various countries are also launching numerous initiatives for promoting the consumption of plant-based products to relieve pressure on the depleting fisheries and other aquatic resources. Besides this, the hectic lifestyles of individuals have encouraged them to opt for frozen, canned, and ready-to-eat product variants. As a result, several brick-and-mortar and online distribution channels are introducing a wide array of plant-based seafood products catering to different consumer tastes and preferences.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the Europe plant-based seafood market report, along with forecasts at the regional and country level from 2022-2027. Our report has categorized the market based on product type and distribution channel.
Breakup by Product Type:
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Note: Information in the above chart consists of dummy data and is only shown here for representation purpose. Kindly contact us for the actual market size and trends.
- Fish Products
- Prawn & Shrimp Products
- Crab Products
Breakup by Distribution Channel:
- Supermarkets and Hypermarkets
- Convenience Stores
- Online
- Others
Breakup by Country:
- Germany
- France
- United Kingdom
- Italy
- Spain
- Others
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players.
Report Coverage:
Report Features |
Details |
Base Year of the Analysis |
2021 |
Historical Period |
2016-2021 |
Forecast Period |
2022-2027 |
Units |
US$ Million |
Segment Coverage |
Product Type, Distribution Channel, Country |
Countries Covered |
Germany, France, United Kingdom, Italy, Spain, Others |
Customization Scope |
10% Free Customization |
Report Price and Purchase Option |
Single User License: US$ 2699
Five User License: US$ 3699
Corporate License: US$ 4699 |
Post-Sale Analyst Support |
10-12 Weeks |
Delivery Format |
PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |