According to IMARC Group’s latest report, titled “United States Plant-based Seafood Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026”, the market is currently witnessing robust growth in 2021. Plant-based seafood represents a vegan alternative to seafood with similarities in color, texture, flavor, etc. It is generally prepared by mixing plant protein isolates, soy, starch, vegetable extracts, edible oils, seasonings, etc. Then it is processed with additives and coloring agents to render a texture similar fish, shrimp, crabs, etc. Plant-based seafood helps in preventing the depletion of aquatic resources by reducing the high consumption of seafood. Besides this, these products are also free from heavy metals and prevent their accumulation in the body.
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The rising trend of veganism, coupled with the growing awareness towards welfare and protection of the animals, is currently driving the plant-based seafood market in the United States. Moreover, the high prevalence of numerous lifestyle ailments, such as obesity, diabetes, cardiovascular diseases, etc., is further catalyzing the demand for plant-based seafood. In line with this, the increasing health consciousness of consumers is leading to a shift towards low-calorie and protein-rich dietary products, such as flexitarian and vegetarian dishes. In the coming years, the wide product availability, along with the rising per capita expenditures on premium-quality product variants is further anticipated to drive the US market for plant-based seafood. Looking forward, the market is expected to continue its robust growth during the forecast period (2021-2026).
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As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviors of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
Breakup by Product Type:
- Fish Products
- Prawn & Shrimp Products
- Crab Products
Breakup by Distribution Channel:
- Supermarkets and Hypermarkets
- Convenience Stores
Breakup by Region:
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Key highlights of the report:
- Market Performance (2015-2020)
- Market Outlook (2021-2026)
- Market Trends
- Market Drivers and Success Factors
- Impact of COVID-19
- Value Chain Analysis
- Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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