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.
Corn
Rice
Wheat
Hemp
Fava bean
Oat
Rapeseed
Lupin
Pea
Canola
Mung bean
Soy
Potato
Gelatin
Whey
Casein
Milk
Lentil
Flax
Chia
By Ingredients
Soy Protein Concentrate & Isolate
High-Protein Chickpea Flour
Fava Bean Protein
Lentil Protein
Navy Bean Powder
Seaweeds
Others (grains, pulses, and etc.)
By Form
Isolates
Concentrates
By Application
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.
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The plant-based fish market is estimated to reach at a value of US$ *** Mn by the end of 2022 and expected to reach at a value of US$ *** Mn by 2030 with a significant CAGR of ***%.
The base year for the report is 2021 in plant-based fish market.
The global plant-based fish market is segmented on the basis of source, ingredients, form, application, and region.
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.