India Plant-Based Seafood Market

India Plant-Based Seafood Market Overview:

The India plant-based seafood market size reached USD 9.5 Million in 2024. Looking forward, IMARC Group expects the market to reach USD 84.4 Million by 2033, exhibiting a growth rate (CAGR) of 24.4% during 2025-2033. The market is witnessing significant growth, driven by expanding consumer acceptance and preference for plant-based seafood and innovation in ingredients and product development.

India Plant-Based Seafood Market Trends:

Expanding Consumer Acceptance and Preference for Plant-Based Seafood

The Indian plant-based seafood market is witnessing increasing consumer acceptance, driven by rising health consciousness, environmental awareness, and ethical considerations. Consumers are actively seeking alternatives to traditional seafood due to concerns about overfishing, marine ecosystem degradation, and contamination from heavy metals and microplastics. Urban populations, particularly millennials and Gen Z, are more inclined toward plant-based diets, fueling demand for seafood alternatives made from soy, pea protein, seaweed, and fungi-based proteins. Retail and foodservice channels are also responding to this trend by introducing plant-based seafood products that replicate the taste, texture, and nutritional profile of conventional seafood. Companies are leveraging advanced food technology, including extrusion techniques and fermentation processes, to enhance the sensory experience. Furthermore, partnerships between startups and established food brands are accelerating product availability and consumer outreach. For instance, in July 2024, Singapore’s Umami Bioworks announced partnership with India's IKP Knowledge Park to scale cultivated seafood production, advancing R&D and commercialization following its merger with Shiok Meats, strengthening India’s sustainable protein innovation efforts. The rise of e-commerce platforms specializing in plant-based foods further boosts market penetration, offering wider access to plant-based seafood across tier-1 and tier-2 cities. Government initiatives promoting sustainable food sources and plant-based protein alternatives are also contributing to the market’s growth. As awareness continues to grow, plant-based seafood is becoming a viable and accepted option among health-conscious and environmentally aware consumers in India.

Innovation in Ingredients and Product Development

The Indian plant-based seafood market is experiencing significant innovation in ingredients and formulation techniques to enhance product authenticity. Companies are increasingly focusing on using novel plant-based ingredients such as seaweed, algae, legumes, and mycoproteins to mimic the texture and flavor of conventional seafood. Advances in molecular gastronomy and food technology, including high-moisture extrusion and precision fermentation, are improving the mouthfeel and umami characteristics of plant-based seafood products. Research and development efforts are centered on creating diverse product offerings, including plant-based prawns, fish fillets, crab cakes, and tuna alternatives. These products aim to provide high protein content, Omega-3 fatty acids, and essential micronutrients, aligning with consumer expectations for nutritional parity with conventional seafood. For instance, in January 2024, India's ICAR-CMFRI launched its first lab-grown fish meat project to meet rising seafood demand and ease pressure on wild stocks, positioning the country as a leader in cultured marine fish production. Startups and food technology firms are collaborating with research institutions to optimize ingredient sourcing, processing techniques, and cost efficiency. Additionally, brands are adopting clean-label strategies by reducing artificial additives and enhancing natural flavors. The expansion of plant-based seafood into mainstream retail channels and quick-service restaurants (QSRs) is further propelling innovation, with companies continuously refining formulations to improve consumer acceptance. As the market matures, ingredient and product innovations will play a pivotal role in shaping the future of plant-based seafood in India.

India Plant-Based Seafood Market Segmentation:

IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the region level for 2025-2033. Our report has categorized the market based on product type and distribution channel.

Product Type Insights:

• Fish Products
• Prawn and Shrimp Products
• Crab Products

The report has provided a detailed breakup and analysis of the market based on the product type. This includes fish products, prawn and shrimp products, and crab products.

Distribution Channel Insights:

• Supermarkets and Hypermarkets
• Convenience Stores
• Online
• Others

A detailed breakup and analysis of the market based on the distribution channel have also been provided in the report. This includes supermarkets and hypermarkets, convenience stores, online, and others.

Regional Insights:

• North India
• South India
• East India
• West India

The report has also provided a comprehensive analysis of all the major regional markets, which include North India, South India, East India, and West India.

Competitive Landscape:

The market research report has also provided a comprehensive analysis of the competitive landscape. Competitive analysis such as market structure, key player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided.

India Plant-Based Seafood Market News:

• In March 2024,The Food Safety and Standards Authority of India (FSSAI) is creating a regulatory structure for cell-based foods, which encompasses cultivated meat and seafood. This initiative, as noted by the Good Food Institute, connects India with worldwide efforts to guarantee safety and establish a clear, organized approval process for the commercialization of cultivated food.

India Plant-Based Seafood Market Report Coverage:

Key Questions Answered in This Report:

• How has the India plant based seafood market performed so far and how will it perform in the coming years?
• What is the breakup of the India plant based seafood market on the basis of product?
• What is the breakup of the India plant based seafood market on the basis of distribution channel?
• What is the breakup of the India plant based seafood market on the basis of region?
• What are the various stages in the value chain of the India plant based seafood market? 
• What are the key driving factors and challenges in the India plant based seafood?
• What is the structure of the India plant based seafood market and who are the key players?
• What is the degree of competition in the India plant based seafood market? 

Key Benefits for Stakeholders:

• IMARC’s industry report offers a comprehensive quantitative analysis of various market segments, historical and current market trends, market forecasts, and dynamics of the India plant based seafood market from 2019-2033.
• The research report provides the latest information on the market drivers, challenges, and opportunities in the India plant based seafood market.
• Porter's five forces analysis assist stakeholders in assessing the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. It helps stakeholders to analyze the level of competition within the India plant based seafood industry and its attractiveness.
• Competitive landscape allows stakeholders to understand their competitive environment and provides an insight into the current positions of key players in the market.