About Plant based Seafood
Plant based Seafood is made from a mixture of different plant-derived proteins or pea protein. Seaweed is the primary ingredient that contributes authenticity to the flavor in plant-based seafood. It is an alternative to traditional seafood that has been gaining popularity recently. This is a more reliable and sustainable source of seafood without sacrificing flavor. It is a great alternative developed for people who have allergies to the ocean- or farm-sourced seafood.
Attributes | Details |
---|
Study Period | 2017-2027 |
Base Year | 2021 |
Unit | Value (USD Million) |
The global Plant based Seafood market is fragmented with the presence of several manufacturers at the global and regional levels. The level of competition among the companies in the Plant based Seafood market is intense and manufacturers focus on developing new plant based seafood products for the consumers. Companies are investing in the enhancement and launch of a variety of plant based seafood in the market. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Beyond Meat Inc. (United States), Impossible Foods Inc. (United States), Conagra, Inc. (United States), Good Catch (United States), Hain Celestial (United States), Marlow Foods Ltd (United Kingdom), New Wave Foods, Inc.(United States), Ocean Hugger Foods, Inc. (United States) and The Plant Based Seafood Co. (United States) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Plant based Seafood market by , Application (Restaurant, Household and Cafes) and Region.
On the basis of geography, the market of Plant based Seafood has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Sales Channel, the sub-segment i.e. Online will boost the Plant based Seafood market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Source, the sub-segment i.e. Tuna will boost the Plant based Seafood market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
On Jan. 6, 2022, Good Catch plant-based seafood, announced the launch of its new first-to-market US-made Plant-Based Salmon Burgers. With 30% of seafood consumers purchasing salmon monthly, Good Catch was determined to create an innovative alternative for the most consumed fish in the US. This new product propels the plant-based seafood industry forward, demonstrating dedication to expanding the Good Catch line-up of culinary-driven plant-based seafood options. With the addition of Plant-Based Salmon Burgers, Good Catch provides a new flavor profile for an even larger audience of vegans to flexitarians to enjoy.
“As per World Sustainability Organization standard, which is applicable for these products, is based on SAFA (Sustainability Assessment of Food and Agriculture systems) guidelines set by UN-FAO. Intensive agriculture practices contribute to the loss of agricultural and natural biodiversity, degrading ecosystems and causing a reduction in animal and plant species. Such activities are also resulting in increased greenhouse gas emissions.”
Market Drivers
- Growing Need of Alternatives for Traditional Seafood
- Increasing Demand for Plant Based Diet or Vegan Products in The Countries
Opportunities
- Growing Demand for Plant Based or Vegan seafood Among The People Creating and Enormous Opportunities for Key Manufacture and Distributes
Restraints
- Presence of Several Low-Quality Plant based Seafood Products in the Market in Lower Prices
Challenges
- Market Presence with Numerous Players Pose a Challenge for Plant based Seafood
Key Target Audience
Plant based Seafood Manufacturers, Plant based Seafood International Traders, Plant based Seafood Distributors and Suppliers, Research and Development Institutes, Potential Investors, Regulatory Bodies, Upstream and Downstream Buyers and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have the better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with purpose to understand companys positioning regarding market value, volume and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders etc. and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, analyst team keeps preparing set of questionnaires and after getting appointee list; the target audience are then tapped and segregated with various mediums and channels that are feasible for making connection that includes email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey etc.
Frequently Asked Questions (FAQ):
What all players are profiled in the study?The standard version of the report profiles players such as Beyond Meat Inc. (United States), Impossible Foods Inc. (United States), Conagra, Inc. (United States), Good Catch (United States), Hain Celestial (United States), Marlow Foods Ltd (United Kingdom), New Wave Foods, Inc.(United States), Ocean Hugger Foods, Inc. (United States) and The Plant Based Seafood Co. (United States) etc.
Can we have customized study for Plant based Seafood Market? The Study can be customized subject to feasibility and data availability. Please connect with our sales representative for further information.
What trending factors would impact Plant based Seafood Market growth most?"The Rising Popularity of Plant-Based Seafood in The Individual Helps to Prevent The Environment" is seen as one of major influencing trends for Plant based Seafood Market during projected period 2021-2027.
Why are some of the most well-known companies left out of the Plant based Seafood Market report?The Plant based Seafood market study includes a random mix of players, including both market leaders and some top growing emerging players. Connect with our sales executive to get a complete company list available in our research coverage.