Change Language

Select Language

COVID-19
The pandemic continues to cause unprecedented disruption across industries worldwide.
Get detailed insights regarding the impact of COVID-19 on the market.

Plant-based Seafood Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

Market Overview:

The global plant-based seafood market is expected to exhibit a CAGR of 30.4% 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 seafood-like vegan alternative with similar color, texture, appearance, and flavor. It is generally produced by mixing plant protein isolates, soy, starch, vegetable extracts, edible oils, and other seasonings. These raw materials are further processed with additives and coloring agents to gain flavor and texture similar to fish, shrimps, crabs, etc. Plant-based seafood products are ecologically sustainable as they help in reducing the high consumption of seafood, thereby relieving pressures on the depleting fisheries across the globe.

The rising trend of veganism coupled with growing concerns towards the environment and animal protection are augmenting the demand for plant-based seafood products. Additionally, the high prevalence of chronic gastrointestinal disorders due to the presence of mercury and other toxic pollutants in seafood is also propelling the market growth on a global level. Furthermore, several government bodies are launching numerous initiatives for promoting the consumption of plant-based seafood products to reduce the adverse impact of fishing machinery on aquatic ecosystems. Additionally, the growing consumer awareness towards the over-exploitation of natural resources to meet the global consumption for seafood products is also propelling the need for plant-based seafood. Apart from this, the increasing penetration of frozen, canned, and ready-to-eat product variants for supporting hectic consumer lifestyles is further catalyzing the market growth. 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, thereby augmenting the global market. Additionally, the changing consumer inclination from a non-vegetarian diet towards plant protein-sourced foods is also propelling the product demand. Furthermore, the rising adoption of these food products across several cuisines, including Chinese, Thai, Mexican, etc., will continue to drive the global market for plant-based seafood in the coming years.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global plant-based seafood market, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on 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 Region:

  • North America
    • United States
    • Canada
  • Europe
    • United Kingdom
    • Germany
    • Netherlands
    • France
    • Others
  • Asia Pacific
    • China
    • Japan
    • Singapore
    • Others
  • Latin America
    • Brazil
    • Mexico
    • Others
  • Middle East & Africa
    • South Africa
    • UAE
    • Others
       

Competitive Landscape:

The competitive landscape of the industry has also been examined with some of the key players being 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 Coverage:

Report Features Details
Base Year of the Analysis 2021
Historical Period 2017-2021
Forecast Period 2022-2027
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$ 2499
Five User License: US$ 3499
Corporate License: US$ 4499
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)

1   Preface
2   Scope and Methodology

    2.1    Objectives of the Study
    2.2    Stakeholders
    2.3    Data Sources
        2.3.1    Primary Sources
        2.3.2    Secondary Sources
    2.4    Market Estimation
        2.4.1    Bottom-Up Approach
        2.4.2    Top-Down Approach
    2.5    Forecasting Methodology
3   Executive Summary
4   Introduction 

    4.1    Overview
    4.2    Key Industry Trends
5   Global Plant-based Seafood Market 
    5.1    Market Overview
    5.2    Market Performance
    5.3    Impact of COVID-19
    5.4    Market Forecast
6   Market Breakup by Product Type
    6.1    Fish Products
        6.1.1 Market Trends
        6.1.2 Market Forecast
    6.2   Prawn & Shrimp Products
        6.2.1 Market Trends
        6.2.2 Market Forecast
    6.3   Crab Products
        6.3.1 Market Trends
        6.3.2 Market Forecast
7   Market Breakup by Distribution Channel 
    7.1    Supermarkets and Hypermarkets
        7.1.1 Market Trends
        7.1.2 Market Forecast
    7.2    Convenience Stores
        7.2.1 Market Trends
        7.2.2 Market Forecast
    7.3    Online
        7.3.1 Market Trends
        7.3.2 Market Forecast
    7.4    Others
        7.4.1 Market Trends
        7.4.2 Market Forecast
8   Market Breakup by Region
    8.1    North America
        8.1.1 United States 
               8.1.1.1 Market Trends
               8.1.1.2 Market Forecast
        8.1.2 Canada 
               8.1.2.1 Market Trends
               8.1.2.2 Market Forecast
    8.2    Europe
        8.2.1 United Kingdom 
               8.2.1.1 Market Trends
               8.2.1.2 Market Forecast
        8.2.2 Germany 
               8.2.2.1 Market Trends
               8.2.2.2 Market Forecast
        8.2.3 Netherlands 
               8.2.3.1 Market Trends
               8.2.3.2 Market Forecast
        8.2.4 France
               8.2.4.1 Market Trends
               8.2.4.2 Market Forecast
        8.2.5 Others
               8.2.5.1 Market Trends
               8.2.5.2 Market Forecast
    8.3   Asia Pacific
        8.3.1 China
               8.3.1.1 Market Trends
               8.3.1.2 Market Forecast
        8.3.2 Japan
               8.3.2.1 Market Trends
               8.3.2.2 Market Forecast
        8.3.3 Singapore
               8.3.3.1 Market Trends
               8.3.3.2 Market Forecast
        8.3.4 Others
               8.3.4.1 Market Trends
               8.3.4.2 Market Forecast
    8.4   Latin America
        8.4.1 Brazil
               8.4.1.1 Market Trends
               8.4.1.2 Market Forecast
        8.4.2 Mexico
               8.4.2.1 Market Trends
               8.4.2.2 Market Forecast
        8.4.3 Others
               8.4.3.1 Market Trends
               8.4.3.2 Market Forecast
    8.5   Middle East & Africa
        8.5.1 South Africa
               8.5.1.1 Market Trends
               8.5.1.2 Market Forecast
        8.5.2 UAE
               8.5.2.1 Market Trends
               8.5.2.2 Market Forecast
        8.5.3 Others
               8.5.3.1 Market Trends
               8.5.3.2 Market Forecast
9   Consumer Mapping 
10  SWOT Analysis

    10.1   Overview
    10.2   Strengths
    10.3   Weakness
    10.4   Opportunities
    10.5   Threats
11  Value Chain Analysis
12  Porter’s Five Forces Analysis

    12.1    Overview
    12.2    Bargaining Power of Buyers
    12.3    Bargaining Power of Suppliers
    12.4    Degree of Competition
    12.5    Threat of New Entrants
    12.6    Threat of Substitutes
13  Competitive Landscape
    13.1   Market Structure
    13.2   Key Players
    13.3   Profiles of Key Players
        13.3.1    Ahimsa Foods
               13.3.1.1 Company Overview
               13.3.1.2 Product Portfolio
        13.3.2    Atlantic Natural Foods
               13.3.2.1 Company Overview
               13.3.2.2 Product Portfolio
        13.3.3    Bonsan
               13.3.3.1 Company Overview
               13.3.3.2 Product Portfolio
        13.3.4    Ocean Hugger Foods
               13.3.4.1 Company Overview
               13.3.4.2 Product Portfolio
        13.3.5    Good Catch Foods
               13.3.5.1 Company Overview
               13.3.5.2 Product Portfolio
        13.3.6    Impossible Foods Inc
               13.3.6.1 Company Overview
               13.3.6.2 Product Portfolio
        13.3.7    Sophie’s Kitchen Inc
               13.3.7.1 Company Overview
               13.3.7.2 Product Portfolio
        13.3.8    New Wave Foods
               13.3.8.1 Company Overview
               13.3.8.2 Product Portfolio
        13.3.9    Gardein
               13.3.9.1 Company Overview
               13.3.9.2 Product Portfolio
        13.3.10   Quorn (Monde Nissin Corporation)
               13.3.10.1 Company Overview
               13.3.10.2 Product Portfolio
        13.3.11   Qishan Food Limited Company
               13.3.11.1 Company Overview
               13.3.11.2 Product Portfolio
        13.3.12   SoFine Foods
               13.3.12.1 Company Overview
               13.3.12.2 Product Portfolio
        13.3.13   Tofuna Fysh
               13.3.13.1 Company Overview
               13.3.13.2 Product Portfolio
        13.3.14   Vivera
               13.3.14.1 Company Overview
               13.3.14.2 Product Portfolio

List of Figures

Figure 1: Global: Plant-based Seafood Market: Major Drivers and Challenges
Figure 2: Global: Plant-based Seafood Market: Sales Value (in Million US$) 2017-2021
Figure 3: Global: Plant-based Seafood Market: Breakup by Product Type (in %), 2021
Figure 4: Global: Plant-based Seafood Market: Breakup by Distribution Channel (in %), 2021
Figure 5: Global: Plant-based Seafood Market: Breakup by Region (in %), 2021
Figure 6: Global: Plant-based Seafood Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 7: Global: Plant-based Seafood (Fish Products) Market: Sales Value (in Million US$), 2017 & 2021
Figure 8: Global: Plant-based Seafood (Fish Products) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 9: Global: Plant-based Seafood (Prawn & Shrimp Products) Market: Sales Value (in Million US$), 2017 & 2021
Figure 10: Global: Plant-based Seafood (Prawn & Shrimp Products) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 11: Global: Plant-based Seafood (Crab Products) Market: Sales Value (in Million US$), 2017 & 2021
Figure 12: Global: Plant-based Seafood (Crab Products) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 13: Global: Plant-based Seafood (Supermarkets & Hypermarkets) Market: Sales Value (in Million US$), 2017 & 2021
Figure 14: Global: Plant-based Seafood (Supermarkets & Hypermarkets) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 15: Global: Plant-based Seafood (Convenience Stores) Market: Sales Value (in Million US$), 2017 & 2021
Figure 16: Global: Plant-based Seafood (Convenience Stores) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 17: Global: Plant-based Seafood (Online) Market: Sales Value (in Million US$), 2017 & 2021
Figure 18: Global: Plant-based Seafood (Online) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 19: Global: Plant-based Seafood (Other Distribution Channels) Market: Sales Value (in Million US$), 2017 & 2021
Figure 20: Global: Plant-based Seafood (Other Distribution Channels) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 21: North America: Plant-based Seafood Market: Sales Value (in Million US$), 2017 & 2021
Figure 22: North America: Plant-based Seafood Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 23: United States: Plant-based Seafood Market: Sales Value (in Million US$), 2017 & 2021
Figure 24: United States: Plant-based Seafood Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 25: Canada: Plant-based Seafood Market: Sales Value (in Million US$), 2017 & 2021
Figure 26: Canada: Plant-based Seafood Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 27: Europe: Plant-based Seafood Market: Sales Value (in Million US$), 2017 & 2021
Figure 28: Europe: Plant-based Seafood Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 29: United Kingdom: Plant-based Seafood Market: Sales Value (in Million US$), 2017 & 2021
Figure 30: United Kingdom: Plant-based Seafood Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 31: Germany: Plant-based Seafood Market: Sales Value (in Million US$), 2017 & 2021
Figure 32: Germany: Plant-based Seafood Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 33: Netherlands: Plant-based Seafood Market: Sales Value (in Million US$), 2017 & 2021
Figure 34: Netherlands: Plant-based Seafood Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 35: France: Plant-based Seafood Market: Sales Value (in Million US$), 2017 & 2021
Figure 36: France: Plant-based Seafood Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 37: Others: Plant-based Seafood Market: Sales Value (in Million US$), 2017 & 2021
Figure 38: Others: Plant-based Seafood Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 39: Asia Pacific: Plant-based Seafood Market: Sales Value (in Million US$), 2017 & 2021
Figure 40: Asia Pacific: Plant-based Seafood Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 41: China: Plant-based Seafood Market: Sales Value (in Million US$), 2017 & 2021
Figure 42: China: Plant-based Seafood Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 43: Japan: Plant-based Seafood Market: Sales Value (in Million US$), 2017 & 2021
Figure 44: Japan: Plant-based Seafood Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 45: Singapore: Plant-based Seafood Market: Sales Value (in Million US$), 2017 & 2021
Figure 46: Singapore: Plant-based Seafood Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 47: Others: Plant-based Seafood Market: Sales Value (in Million US$), 2017 & 2021
Figure 48: Others: Plant-based Seafood Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 49: Latin America: Plant-based Seafood Market: Sales Value (in Million US$), 2017 & 2021
Figure 50: Latin America: Plant-based Seafood Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 51: Brazil: Plant-based Seafood Market: Sales Value (in Million US$), 2017 & 2021
Figure 52: Brazil: Plant-based Seafood Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 53: Mexico: Plant-based Seafood Market: Sales Value (in Million US$), 2017 & 2021
Figure 54: Mexico: Plant-based Seafood Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 55: Others: Plant-based Seafood Market: Sales Value (in Million US$), 2017 & 2021
Figure 56: Others: Plant-based Seafood Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 57: Middle East & Africa: Plant-based Seafood Market: Sales Value (in Million US$), 2017 & 2021
Figure 58: Middle East & Africa: Plant-based Seafood Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 59: South Africa: Plant-based Seafood Market: Sales Value (in Million US$), 2017 & 2021
Figure 60: South Africa: Plant-based Seafood Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 61: UAE: Plant-based Seafood Market: Sales Value (in Million US$), 2017 & 2021
Figure 62: UAE: Plant-based Seafood Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 63: Others: Plant-based Seafood Market: Sales Value (in Million US$), 2017 & 2021
Figure 64: Others: Plant-based Seafood Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 65: Popularity of Veganism
Figure 66: United States: Plant-Based Meat Industry: Consumer Demographics
Figure 67: United States: Current Meat Consumption Pattern
Figure 68: United States: Changes in Meat Consumption
Figure 69: Canada: Current Meat Consumption Pattern
Figure 70: Canada: Willingness to Reduce Meat Consumption
Figure 71: Canada: Percent of Population That Feels Meat is Replaceable in Their Diet
Figure 72: Canada: Percent of Population That Considers Lab-grown Meat as an Alternative
Figure 73: Global: Plant-based Seafood Industry: SWOT Analysis
Figure 74: Global: Plant-based Seafood Industry: Value Chain Analysis
Figure 75: Global: Plant-based Seafood Industry: Porter’s Five Forces Analysis

List of Tables

Table 1: Global: Plant-based Seafood Market: Key Industry Highlights, 2021 and 2027
Table 2: Global: Plant-based Seafood Market Forecast: Breakup by Product Type (in Million US$), 2022-2027
Table 3: Global: Plant-based Seafood Market Forecast: Breakup by Distribution Channel (in Million US$), 2022-2027
Table 4: Global: Plant-based Seafood Market Forecast: Breakup by Region (in Million US$), 2022-2027
Table 5: Country-wise Vegan Population
Table 6: Cities with Maximum Vegan Restaurants
Table 7: Global: Plant-based Seafood Market: Competitive Structure
Table 8: Global: Plant-based Seafood Market: Key Players

Note: We value your privacy and will never rent or sell your email address. Privacy policy

Key Questions Answered in This Report

We expect the global plant-based seafood market to exhibit a CAGR of 30.4% during 2022-2027.

The emerging trend of veganism, along with the growing concerns towards the environment and
aquatic animal protection, are currently driving the global plant-based seafood market.

The sudden outbreak of the COVID-19 pandemic has led to the rising consumer inclination from
conventional brick-and-mortar distribution channels towards online retail platforms for the purchase
of plant-based seafood items.

Based on the product type, the global plant-based seafood market has been segmented into fish
products, prawn & shrimp products, and crab products. Currently, fish products represent the
largest market share.

Based on the distribution channel, the global plant-based seafood market can be bifurcated into
supermarkets and hypermarkets, convenience stores, online, and others. Among these,
supermarkets and hypermarkets currently account for the majority of the total market share.

On a regional level, the market has been classified into North America, Europe, Asia Pacific, Middle
East and Africa, and Latin America, where North America currently dominates the global market.

Some of the major players in the global plant-based seafood market 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.

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.

Purchase Options




$ 2499

REACH OUT TO US

Call us on

( US: +1-631-791-1145 )
( UK: +44-753-713-2163 )
( India: +91 120 433 0800 )


Drop us an email at

sales@imarcgroup.com

Social Links