Global Vegan Seafood Products Market Growth (Status and Outlook) 2023-2029

Global Vegan Seafood Products Market Growth (Status and Outlook) 2023-2029

The global Vegan Seafood Products market size is projected to grow from US$ 2872.1 million in 2022 to US$ 4264.5 million in 2029; it is expected to grow at a CAGR of 5.8% from 2023 to 2029.

With the increase in vegan and vegetarian diets, many companies have responded with plant-based seafood options. In the past, plant-based protein options were limited to beef, poultry and pork look-alikes, however, now we can find plant-based fish and shellfish of many varieties. Although the industry is very new, the products are gaining popularity fast. The plant-based meat industry is worth more than $900 million, and saw an 18% increase in sales last year. According to market research by the Plant-Based Foods Association, 79% of millenials already consume plant-based meats, and plant-based seafood producers expect the same popularity for fish-less products. Plant-based tuna, salmon, caviar, scallops, squid, crab and shrimp have already entered the market. The most common ingredients in these products are soy, seaweed, yeast, legumes and various vegetable oils and starches.

Vegan Seafood Product is seafood made without any animals. It’s better for the oceans and marine life because it’s not attached to overfishing and ghost nets. Animal-free ingredients can be used to make shrimp, canned tuna, fish filets, sushi-grade fish, crab cakes, and more. What it’s made from varies by brand. Some use protein-rich legumes to mimic the flaky texture of fish. Others use soy for a meaty texture. Or, some use konjac, a root vegetable that’s used to make zero-calorie foods like shirataki noodles and konnyaku, a bouncy, chewy cake that’s used in Japanese cuisine.

LPI (LP Information)' newest research report, the “Vegan Seafood Products Industry Forecast” looks at past sales and reviews total world Vegan Seafood Products sales in 2022, providing a comprehensive analysis by region and market sector of projected Vegan Seafood Products sales for 2023 through 2029. With Vegan Seafood Products sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Vegan Seafood Products industry.

This Insight Report provides a comprehensive analysis of the global Vegan Seafood Products landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Vegan Seafood Products portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Vegan Seafood Products market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Vegan Seafood Products and breaks down the forecast by type, by sales channel, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Vegan Seafood Products.

This report presents a comprehensive overview, market shares, and growth opportunities of Vegan Seafood Products market by product type, application, key players and key regions and countries.

Market Segmentation:

Segmentation by type
Fish Food
Crab Food
Shrimp Food
Others

Segmentation by sales channel
Online Sales
Supermarket
Convenient Store
Others

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Current Foods
Gardein
Good Catch
New Wave Foods
Jinka
Ocean Hugger Foods
OmniFoods
Sophie’s Kitchen
BeLeaf
Avafina
Loma Linda
All Vegetarian
Goldie Lox
Hungry Planet
The Plant Based Seafood
Fazenda Futuro

Please note: The report will take approximately 2 business days to prepare and deliver.