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).
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.
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The competitive landscape of the industry has also been examined along with the profiles of the key players.
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