Plant-Based Fish Market

Plant-Based Fish Market Overview

The report is titled as ‘Plant-Based Fish Market: Opportunity Analysis and Future Assessment 2022-2030’. An overview of conceptual frameworks, analytical approaches of the Plant-Based Fish market is the main objective of the report, which further consists the market opportunity and insights of the data involved in the making of the respective market. Plant-Based Fish market is expected to grow with significant rate in the near future.

In 2020, global plant-based fish market was valued at US$ XXX Mn and expected to grow significantly at a CAGR of XXX % over the forecast period

Plant-Based Fish Introduction

Plant-based seafood alludes to a seafood-like vegan substitute with corresponding texture, color, flavor, and appearance. It is by and large developed by blending plant protein isolates, starch, soy, edible oils, vegetable extracts, and other seasonings. These raw materials are further refined and processed with coloring agents and additives to achieve texture and flavor akin to shrimps, fish, crabs, and much more. Plant-based seafood products are environmentally sustainable as they further assist in cutting back the heavy consumption of seafood, and thus alleviating pressures on the exhausting fisheries all around the world. Owing to which, the plant-based seafood is gaining enormous traction in the past few years as vegetarian and vegan alternatives have turned out to be more appetizing and nearer in texture as well as taste to the actual meat.

In the similar manner, the plant-based tuna, caviar, salmon, squid, scallops, shrimp and crabs have already arrived in the market and are observing enormous growth in the past couple of years. The increased inclination towards vegetarian and vegan lifestyle among the population, due to deepening environmental concerns, swift exhaustion of worldwide fish stocks, and combining health issues related to extreme consumption of meat, is majorly driving the growth of the global plant-based fish market.

Plant-Based Fish Market Segmentation

The global plant-based fish market is segmented on the basis of source, ingredients, form, application, and region.

By Source

Corn

Rice

Wheat

Hemp

Fava bean

Oat

Rapeseed

Lupin

Pea

Canola

Mung bean

Soy

Potato

Gelatin

Whey

Casein

Milk

Lentil

Flax

Chia

By Ingredients

Pea Protein Isolate

Soy Protein Concentrate & Isolate

High-Protein Chickpea Flour

Fava Bean Protein

Lentil Protein

Navy Bean Powder

Seaweeds

Others (grains, pulses, and etc.)

By Form

Textured Varieties

Isolates

Concentrates

By Application

Shrimp

Crab Cakes

Fish Fillets

Smoked Salmon

Others

By Region

               North America

               Latin America

               Europe

               Asia Pacific

               Middle East

               Africa

Plant-Based Fish Market Key Players

Some of the key participating players in global Plant-Based Fish market are:

DSM

Cargill

DuPont Nutrition & Biosciences

Unilever

Novotaste Corporation

Glanbia Nutritionals

ADM

Above Food Corp

Symrise

Factors that are benchmarked while estimating the market

Various factors that are benchmarked while estimating the market growth includes (but not restricted to):

New product designs and launches

Current product compliance

Reimbursement

Concerns for use of Plant-Based Fish

Advantages of Plant-Based Fish

Actions taken by the manufacturer and respective regulatory authorities also impact the market growth of the segment. These factors are understood at regional level and in major countries globally for providing regional insights of the product segment in the report. This helps our clients to take informed decision.

A mix of top-down and bottom-up approach is followed to arrive and validate our market value estimations. For a product segment like wherein one/two manufacturer(s) dominates the market, it’s product sales, previous growth rates and market expansion plans are considered to generate market share in the market.

To learn more about this report, request a free sample copy