Plant-based Seafood Market size was valued at USD 1.6 Billion in 2024 and is projected to reach USD 4.5 Billion by 2033, exhibiting a CAGR of 12.3% from 2026 to 2033.
The global plant based seafood market was valued at approximately USD 1.7 billion in 2022 and is projected to expand at a compound annual growth rate (CAGR) of 9.4% from 2023 to 2030. The markets growth is driven by increasing consumer demand for sustainable, plant based alternatives to traditional seafood, combined with rising awareness of the environmental and health benefits associated with plant based diets. As a result, the demand for plant based seafood products, including fish, shrimp, and other seafood substitutes, is anticipated to continue growing. This markets growth is supported by advances in plant based protein technology and innovations in product formulation, making plant based seafood a viable alternative to conventional seafood sources.
Regionally, North America dominated the plant based seafood market in 2022, holding a significant share, accounting for around 40% of the global market. The U.S. remains the largest consumer, with the increasing popularity of plant based diets and rising consumer awareness driving the demand for these alternatives. The European market is also witnessing substantial growth, with a high demand for sustainable food options and government initiatives promoting plant based diets. The Asia Pacific region is expected to experience the highest CAGR during the forecast period, driven by increasing veganism, health trends, and growing awareness of the environmental impact of traditional seafood consumption. This region’s large population base, particularly in countries such as China and Japan, presents ample opportunities for market expansion.
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New Wave Foods
Garden Gourmet(Nestle)
Gardein
Good Catch Foods
Jinka
Ocean Hugger Foods
Quorn
Sophie’s Kitchen
BeLeaf
Cavi-art
Loma Linda
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Plant-based Seafood Market
Plant-based Fish
Plant-based Shrimp
Plant-based Crab
Plant-based Lobster
Plant-based Squid
Algae-based
Seaweed-based
Legume-based
Pea Protein-based
Frozen
Chilled
Canned
Ready-to-eat
Food Service
Retail
Online Sales
Processed Foods
Supermarkets/Hypermarkets
Specialty Stores
Online Retailers
Direct Sales
US (United States, US and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Plant-based Seafood Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Plant-based Seafood Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Plant-based Seafood Market, By Type
6. Global Plant-based Seafood Market, By Application
7. Global Plant-based Seafood Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. Global Plant-based Seafood Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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