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United States Plant-based Seafood Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026

Market Overview:

The United States plant-based seafood market is currently witnessing robust growth. Plant-based seafood refers to a vegan alternative similar to seafood in color, texture, appearance and flavor. It is generally made from a mixture of plant protein isolates, soy, starch, vegetable extracts, edible oils, and a wide range of seasonings. It is further processed with additives and coloring agents to provide the same texture as that of seafood products like fish, shrimp and crabs. Due to this, plant-based seafood is being served across various cafes, fast food chains, restaurants, supermarkets, and convenience stores in the United States.

The United States plant-based seafood market is primarily driven by the rising trend of veganism. The growing prevalence of chronic diseases, such as obesity and diabetes, is also propelling the growth of the market. With the increasing health-consciousness, consumers are shifting toward dietary products with a low calorie and high protein content, such as flexitarian and vegetarian dishes. Along with this, people suffering from shellfish allergy are opting for a healthier alternative to fulfill the requirements of essential nutrients. As a result, there has been an increased demand for plant-based seafood across the region. With the growing concerns toward the welfare and protection of the animals, individuals are opting for plant protein-sourced foods. Moreover, rapid urbanization, high living standards and rising per capita expenditure of consumers on premium-quality food items represent some of the other factors catalyzing the market growth. On account of these factors, the market is expected to continue its robust growth during the forecast period (2021-2026).

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the United States plant-based seafood market report, along with forecasts for growth at the region level from 2021-2026. Our report has categorized the market based on region, 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:

  • Northeast
  • Midwest
  • South
  • West
     

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players.

Key Questions Answered in This Report:

  • How has the United States plant-based seafood market performed so far and how will it perform in the coming years?
  • What has been the impact of COVID-19 on the United States plant-based seafood market?
  • What are the key regional markets?
  • What is the breakup of the market based on the product type?
  • What is the breakup of the market based on the distribution channel?
  • What are the various stages in the value chain of the industry?
  • What are the key driving factors and challenges in the industry?
  • What is the structure of the United States plant-based seafood market and who are the key players?
  • What is the degree of competition in the industry?

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    United States 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    Northeast 
        8.1.1 Market Trends
        8.1.2 Market Forecast
    8.2    Midwest
        8.2.1 Market Trends
        8.2.2 Market Forecast
    8.3    South
        8.3.1 Market Trends
        8.3.2 Market Forecast
    8.4    West
        8.4.1 Market Trends
        8.4.2 Market Forecast
9    SWOT Analysis
    9.1    Overview
    9.2    Strengths
    9.3    Weaknesses
    9.4    Opportunities
    9.5    Threats
10    Value Chain Analysis
11    Porters Five Forces Analysis

    11.1    Overview
    11.2    Bargaining Power of Buyers
    11.3    Bargaining Power of Suppliers
    11.4    Degree of Competition
    11.5    Threat of New Entrants
    11.6    Threat of Substitutes
12    Price Analysis
13    Policy and Regulatory Landscape
14    Competitive Landscape

    14.1    Market Structure
    14.2    Key Players
    14.3    Profiles of Key Players

List of Figures

Figure 1: United States: Plant-based Seafood Market: Major Drivers and Challenges
Figure 2: United States: Plant-based Seafood Market: Sales Value (in Million US$), 2015-2020
Figure 3: United States: Plant-based Seafood Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 4: United States: Plant-based Seafood Market: Breakup by Product Type (in %), 2020
Figure 5: United States: Plant-based Seafood Market: Breakup by Distribution Channel (in %), 2020
Figure 6: United States: Plant-based Seafood Market: Breakup by Region (in %), 2020
Figure 7: United States: Plant-based Seafood (Fish Products) Market: Sales Value (in Million US$), 2015 & 2020
Figure 8: United States: Plant-based Seafood (Fish Products) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 9: United States: Plant-based Seafood (Prawn & Shrimp Products) Market: Sales Value (in Million US$), 2015 & 2020
Figure 10: United States: Plant-based Seafood (Prawn & Shrimp Products) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 11: United States: Plant-based Seafood (Crab Products) Market: Sales Value (in Million US$), 2015 & 2020
Figure 12: United States: Plant-based Seafood (Crab Products) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 13: United States: Plant-based Seafood (Supermarkets & Hypermarkets) Market: Sales Value (in Million US$), 2015 & 2020
Figure 14: United States: Plant-based Seafood (Supermarkets & Hypermarkets) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 15: United States: Plant-based Seafood (Convenience Stores) Market: Sales Value (in Million US$), 2015 & 2020
Figure 16: United States: Plant-based Seafood (Convenience Stores) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 17: United States: Plant-based Seafood (Online) Market: Sales Value (in Million US$), 2015 & 2020
Figure 18: United States: Plant-based Seafood (Online) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 19: United States: Plant-based Seafood (Other Distribution Channels) Market: Sales Value (in Million US$), 2015 & 2020
Figure 20: United States: Plant-based Seafood (Other Distribution Channels) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 21: Northeast: Plant-based Seafood Market: Sales Value (in Million US$), 2015 & 2020
Figure 22: Northeast: Plant-based Seafood Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 23: Midwest: Plant-based Seafood Market: Sales Value (in Million US$), 2015 & 2020
Figure 24: Midwest: Plant-based Seafood Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 25: South: Plant-based Seafood Market: Sales Value (in Million US$), 2015 & 2020
Figure 26: South: Plant-based Seafood Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 27: West: Plant-based Seafood Market: Sales Value (in Million US$), 2015 & 2020
Figure 28: West: Plant-based Seafood Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 29: United States: Plant-based Seafood Industry: SWOT Analysis
Figure 30: United States: Plant-based Seafood Industry: Value Chain Analysis
Figure 31: United States: Plant-based Seafood Industry: Porter’s Five Forces Analysis

List of Tables

Table 1: United States: Plant-based Seafood Market: Key Industry Highlights, 2020 and 2026
Table 2: United States: Plant-based Seafood Market Forecast: Breakup by Product Type (in Million US$), 2021-2026
Table 3: United States: Plant-based Seafood Market Forecast: Breakup by Distribution Channel (in Million US$), 2021-2026
Table 4: United States: Plant-based Seafood Market Forecast: Breakup by Region (in Million US$), 2021-2026
Table 5: United States: Plant-based Seafood Market: Competitive Structure
Table 6: United States: Plant-based Seafood Market: Key Players

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