Global Plant Based Seafood Alternative Market is estimated to be US$ 17.0Bn by 2030 with a CAGR of 26.0% during the forecast period

Download Sample

Published Date: April 2023

The Global Plant Based Seafood Alternative market accounted for US$ 1.72Bn in 2020 and is estimated to be US$ 17.0Bn by 2029 and is anticipated to register a CAGR of 26.0%. Plant based seafood is nothing new more as people are becoming more conscious about animal welfare and food sustainability. Plant Based Seafood is growing significantly due to the vegetarian or vegan consumers worldwide. For millions of people with seafood allergies these products can be included in their diet in replace of seafood’s. This industry is making mainstream news worldwide related to both plant based and valuations of some companies involved it.

The report "Global Plant Based Seafood Alternative Market, By Type (Textured Protein, Isolates, Concentrates), By Application (Food, Feed, Others), By Source (Wheat, Soy, Pea, Potato, Canola, Oats, Others), By Form(Liquid, Dry), By Region (North America, Europe, Asia Pacific, Latin America and Middle East & Africa) – Market Trends, Analysis, and Forecast Till 2029.

Key Highlights:

In October 2020, The Good Food Institute and World Sustainability Organization (WSO) announced the joint certification programme for plant based seafood.
In February 2021, The Plant Based Seafood Co. Launches its Award-Winning Mind Blown Vegan Seafood Into Retail.
In January 2021, New Wave Foods Company in U.S. which is offering plant based seafood is gearing up for for the new launch in the market after completing a round of funding.

Analyst View:

The Plant Based Seafood Alternative Market is rising due to high demand of vegan foods which can replace seafood’s as consumers are becoming more food sustainable these days. Vegetarians have eggs and dairy products in their diet but no meat so therefore they can add plant based products in place of meat to complete their whole diet. This market is boosting significantly due to rising demand of vegan products in the market and company producing plant based products have no further chances of slowing down due to its rising of vegan products in the market.

Browse 60 market data tables* and 35 figures* through 140 slides and in-depth TOC on “Global Plant Based Seafood Alternative Market”, Global Plant Based Seafood Alternative Market By Type (Textured Protein, Isolates, Concentrates), By Application (Food, Feed, Others), By Source (Wheat, Soy, Pea, Potato, Canola, Oats, Others), By Form(Liquid, Dry), By Region (North America, Europe, Asia Pacific, Latin America and Middle East & Africa) – Market Trends, Analysis, and Forecast Till 2029.

Key Market Insights from the report:

The Global Plant Based Seafood Alternative market accounted for US$ 1.72 Bn in 2020 and is estimated to be US$ 17.0 Bn by 2029 and is anticipated to register a CAGR of 26.0%. The Global Plant Based Seafood Alternative market is segmented based on the product, technology, pathogen, end-users, and region.

By type, the Global Plant Based Seafood Alternative market is segmented into Textured Protein, Isolates, Concentrates
By Applications, the market is segmented in Food, feed and others.
By Source, the Global Plant Based Seafood Alternative market is segmented into Wheat, Soy, Pea, Potato, Canola, Oats, Others
By Form, the target market is segmented into liquid and dry.
By region, the Global Plant Based Seafood Alternative market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America is the worldwide leader in the sepsis diagnostics market in terms of revenue, due to the developed healthcare system and health awareness among people.

Competitive Landscape:

The key players operating in the Global Plant Based Seafood Alternative market include DuPont, Nestle, New Wave Foods, Ocean Hugger Food, Unilever, Ocean’s Halo, Good Catch, Sophie’s Kitchen and other players are present in the market.

The market provides detailed information regarding the industrial base, productivity, strengths, manufacturers, and recent trends which will help companies enlarge the businesses and promote financial growth. Furthermore, the report exhibits dynamic factors including segments, sub-segments, regional marketplaces, competition, dominant key players, and market forecasts. In addition, the market includes recent collaborations, mergers, acquisitions, and partnerships along with regulatory frameworks across different regions impacting the market trajectory. Recent technological advances and innovations influencing the global market are included in the report.

About Prophecy Market Insights

Prophecy Market Insights is specialized market research, analytics, marketing/business strategy, and solutions that offers strategic and tactical support to clients for making well-informed business decisions and to identify and achieve high-value opportunities in the target business area. We also help our clients to address business challenges and provide the best possible solutions to overcome them and transform their business.

Some Important Points Answered in this Market Report Are Given Below:

Explains an overview of the product portfolio, including product development, planning, and positioning
Explains details about key operational strategies with a focus on R&D strategies, corporate structure, localization strategies, production capabilities, and financial performance of various companies.
Detailed analysis of the market revenue over the forecasted period.
Examining various outlooks of the market with the help of Porter’s five forces analysis, PEST & SWOT Analysis.
Study on the segments that are anticipated to dominate the market.
Study on the regional analysis that is expected to register the highest growth over the forecast period