United States Plant-Based Seafood Market to Reach US$ 93.2 Million by 2028, Stimulated by Rising Adoption of Vegan Lifestyle Habits

According to the latest report by IMARC Group, titled “United States Plant-Based Seafood Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028,” the United States plant-based seafood market size reached US$ 20.8 Million in 2022. Plant-based seafood refers to a category of food products that imitate the taste, texture, and appearance of traditional seafood derived from marine animals. It is made from various plant-based ingredients, such as algae, seaweed, legumes, soy, and other vegetable proteins and has a lower carbon footprint compared to animal-based seafood. Plant-based seafood offers a more sustainable alternative that reduces the strain on oceans and helps protect marine biodiversity. It can be used to prepare dishes, such as fish tacos, sushi, fish sticks, shrimp scampi, and crab cakes. Furthermore, as it requires fewer resources and generates limited greenhouse gas emissions, contributing to a more environmentally friendly food system, the demand for plant-based seafood is increasing in the United States.

United States Plant-Based Seafood Market Trends:

At present, the increasing demand for plant-based seafood as it is sustainable, easily available, and offers adequate amounts of proteins represents one of the crucial factors impelling the growth of the market in the United States. Besides this, the rising adoption of a vegan lifestyle among the masses to prevent animal cruelty and live sustainably is supporting the growth of the market. In addition, the growing awareness about the beneficial aspects of consuming omega-3 fatty acids is contributing to the growth of the market in the United States. Apart from this, the growing health consciousness among the masses to prevent the occurrence of various chronic ailments is offering a favorable market outlook. Additionally, the rising popularity of plant-based seafood, as they are allergen friendly and suitable for consumption by people with seafood allergies, is strengthening the growth of the market in the United States. Looking forward, the market value is projected to reach US$ 93.2 Million by 2028, expanding at a CAGR of 27.6% during 2023-2028.

Market Summary:

• Based on the product type, the market has been segmented into fish products, prawn and shrimp products, and crab products. Fish products currently dominate the market, holding the largest share.
• On the basis of the distribution channel, the market has been divided into supermarkets and hypermarkets, convenience stores, online, and others. Presently, supermarkets and hypermarkets dominate the market, holding the largest share.
• Region-wise, the market has been segmented into Northeast, Midwest, South, and West.
• The competitive landscape of the market has also been examined, with some of the key players.

Report Scope:

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