Europe Plant-based Seafood Market Share, Size, Growth, Opportunity and Forecast 2021-2026

*As the coronavirus disease (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.

Europe Plant-based Seafood Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026

Market Overview:

The Europe plant-based seafood market is currently witnessing robust growth. 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.

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. On account of these factors, the market is expected to continue its robust growth during the forecast period (2021-2026).

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 for growth at the region level from 2021-2026. Our report has categorized the market based on region, product type and distribution channel.

Breakup by Product Type:

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.

Key Questions Answered in This Report:

How has the Europe plant-based seafood market performed so far and how will it perform in the coming years?
What has been the impact of COVID-19 on the Europe plant-based seafood market?
What are the key regional markets?
What is the breakup of the market based on the product type?
What is the breakup of the market based on the distribution channel?
What are the various stages in the value chain of the industry?
What are the key driving factors and challenges in the industry?
What is the structure of the Europe plant-based seafood market and who are the key players?
What is the degree of competition in the industry?