Global Plant-based Seafood Market to Reach US$ 853.7 Million by 2032, Impelled by Growing Shift Towards Veganism

March 20, 2023 | Food & Beverages

According to the latest report by IMARC Group, titled “Plant-based Seafood Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2024-2032,” the global plant-based seafood market size reached US$ 81.4 Million in 2023. Plant-based seafood is a vegan alternative of regular seafood that is prepared from plant-based ingredients. It is specifically designed to mimic the texture, taste, and appearance of seafood. It is produced from a variety of plant-based ingredients, such as wheat gluten, soy protein, pea protein, algae, and mushrooms. These ingredients are combined with spices and flavorings to create a product that looks, smells, and tastes similar to traditional seafood. It does not use animal products or by-products in its preparation. The demand for plant-based seafood has escalated as it generally contains more vitamins, minerals, and healthy fats than seafood.

Global Plant-based Seafood Market Trends:

The rising health consciousness among the masses majorly drives the global market. This can be supported by the growing prevalence of chronic lifestyle diseases, including diabetes, chronic obstructive pulmonary diseases (COPD), osteoporosis, obesity, hypertension, asthma, and cardiovascular diseases, due to the sedentary lifestyles and the busy schedules of individuals. Coupled with this, plant-based seafood is cholesterol-free and a rich source of dietary vitamins, fiber and minerals, making it a healthier choice among the health-conscious population. Along with this, the growing environmental concerns among individuals have led to a considerable rise in the consumption of sustainable food and beverage products, which is impacting the market favorably. Besides this, consumers are more inclined toward incorporating sustainable alternatives to traditional seafood in their diet due to the growing awareness regarding the adverse effects of fishing or aquatic farming on the marine ecosystem. Moreover, several innovations in ready-to-eat, frozen, and canned product variants are creating a positive market outlook. On account of these factors, the market value is anticipated to reach US$ 853.7 Million by 2032, exhibiting a CAGR of 29.5% during 2024-2032.

Market Summary:

On the basis of the product type, the market has been segmented into fish products, prawn and shrimp products, and crab products.
Based on the distribution channel, the market has been segregated into supermarkets and hypermarkets, convenience stores, online, and others.
On the basis of the region, the market has been divided into North America (the United States and Canada), Europe (United Kingdom, Germany, Netherlands, France, and others), Asia-Pacific (China, Japan, Singapore, and others), Latin America (Brazil, Mexico, and others), and the Middle East and Africa (South Africa, the UAE, and others).
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market. Some of the key players include Ahimsa Foods, Atlantic Natural Foods, Bonsan, Ocean Hugger Foods, Good Catch Foods, Impossible Foods Inc, Sophie’s Kitchen Inc, New Wave Foods, Gardein, Quorn (Monde Nissin Corporation), Qishan Food Limited Company, SoFine Foods, Tofuna Fysh, and Vivera.

Report Scope:

Report Features	Details
Base Year of the Analysis	2023
Historical Period	2018-2023
Forecast Period	2024-2032
Units	US$ Million
Segment Coverage	Product Type, Distribution Channel, Region
Region Covered	Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered	United States, Canada, Germany, France, United Kingdom, Netherlands, China, Japan, Singapore, Brazil, Mexico, South Africa, UAE
Companies Covered	Ahimsa Foods, Atlantic Natural Foods, Bonsan, Ocean Hugger Foods, Good Catch Foods, Impossible Foods Inc, Sophie’s Kitchen Inc, New Wave Foods, Gardein, Quorn (Monde Nissin Corporation), Qishan Food Limited Company, SoFine Foods, Tofuna Fysh, and Vivera
Customization Scope	10% Free Customization
Report Price and Purchase Option	Single User License: US$ 3899 Five User License: US$ 4899 Corporate License: US$ 5899
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)

About Us:

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

Contact Us:

IMARC Group
30 N Gould St, Ste R
Sheridan, WY (Wyoming) 82801 USA
Email: Sales@imarcgroup.com
Tel No:(D) +91 120 433 0800
Americas:- +1 631 791 1145 | Africa and Europe :- +44-753-713-2163 | Asia: +91-120-433-0800

Need more help?

Speak to our experienced analysts for insights on the current market scenarios.
Include additional segments and countries to customize the report as per your requirement.
Gain an unparalleled competitive advantage in your domain by understanding how to utilize the report and positively impacting your operations and revenue.
For further assistance, please connect with our analysts.

Global Plant-based Seafood Market to Reach US$ 853.7 Million by 2032, Impelled by Growing Shift Towards Veganism

Purchase options

Single User License ~~$3899~~ $2999
Five User License ~~$4899~~ $3999
Corporate User License ~~$5899~~ $4999

Inquire Before Buying

Benefits of Customization

Personalize this research

Triangulate with your data

Get data as per your format and definition

Gain a deeper dive into a specific application, geography, customer, or competitor

Any level of personalization

Speak to an Analyst

Request Brochure

Get in Touch With Us

UNITED STATES

Phone: +1-631-791-1145

INDIA

Phone: +91-120-433-0800

UNITED KINGDOM

Phone: +44-753-713-2163

Email: sales@imarcgroup.com

Client Testimonials

IMARC made the whole process easy. Everyone I spoke with via email was polite, easy to deal with, kept their promises regarding delivery timelines and were solutions focused. From my first contact, I was grateful for the professionalism shown by the whole IMARC team. I recommend IMARC to all that need timely, affordable information and advice. My experience with IMARC was excellent and I can not fault it.

The IMARC team was very reactive and flexible with regard to our requests. A very good overall experience. We are happy with the work that IMARC has provided, very complete and detailed. It has contributed to our business needs and provided the market visibility that we required

We were very happy with the collaboration between IMARC and Colruyt. Not only were your prices competitive, IMARC was also pretty fast in understanding the scope and our needs for this project. Even though it was not an easy task, performing a market research during the COVID-19 pandemic, you were able to get us the necessary information we needed. The IMARC team was very easy to work with and they showed us that it would go the extra mile if we needed anything extra

Last project executed by your team was as per our expectations. We also would like to associate for more assignments this year. Kudos to your team.

We would be happy to reach out to IMARC again, if we need Market Research/Consulting/Consumer Research or any associated service. Overall experience was good, and the data points were quite helpful.

Arabian Plastic Manufacturing Company Ltd.

The figures of market study were very close to our assumed figures. The presentation of the study was neat and easy to analyse. The requested details of the study were fulfilled. My overall experience with the IMARC Team was satisfactory.

The overall cost of the services were within our expectations. I was happy to have good communications in a timely manner. It was a great and quick way to have the information I needed.

My questions and concerns were answered in a satisfied way. The costs of the services were within our expectations. My overall experience with the IMARC Team was very good.

I agree the report was timely delivered, meeting the key objectives of the engagement. We had some discussion on the contents, adjustments were made fast and accurate. The response time was minimum in each case. Very good. You have a satisfied customer.

We would be happy to reach out to IMARC for more market reports in the future. The response from the account sales manager was very good. I appreciate the timely follow ups and post purchase support from the team. My overall experience with IMARC was good.

IMARC was a good solution for the data points that we really needed and couldn't find elsewhere. The team was easy to work, quick to respond, and flexible to our customization requests.