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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.
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