The North America Plant-based Seafood Market would witness market growth of 7.5% CAGR during the forecast period (2025-2032).
The US market dominated the North America Plant-based Seafood Market by Country in 2024, and would continue to be a dominant market till 2032; thereby, achieving a market value of $241.1 million by 2032. The Canada market is experiencing a CAGR of 9.1% during (2025 - 2032). Additionally, The Mexico market would exhibit a CAGR of 8.8% during (2025 - 2032).
This food industry is transforming remarkably, driven by changing consumer preferences, environmental concerns, and the growing demand for sustainable alternatives to animal-based products. One of the most promising developments in this sector is the rise of these seafood. This innovative segment has gained significant traction recently as consumers seek healthier, more sustainable, and ethical alternatives to traditional seafood.
This market is not just a passing trend but a dynamic and evolving industry poised for substantial growth. Plant-based seafood mimics traditional seafood’s taste, texture, and appearance but is made entirely from plant-based ingredients. These products typically use a combination of vegetables, legumes, algae, and other plant-derived materials to replicate the flavours and textures of seafood, such as fish fillets, shrimp, scallops, crab, and more.
The market has experienced notable growth in recent years, influenced by various consumer trends and industry dynamics in key regions such as the United States, Canada, and Mexico. With shifts in dietary preferences, increased food service industry activities, and the ongoing growth of food processing sectors, these markets are witnessing new opportunities and challenges for these seafood products to break down the impact of the factors mentioned in the growth of the market in these regions. In addition, the growing trend of veganism and plant-based diets in the U.S. is a key driver for expanding the market. In 2014, only 1% of Americans were vegan, but by 2023, the number had increased to between 1% and 4%. This shift in consumer behaviour signals a growing demand for plant-based alternatives across various food sectors, including seafood. The rise in sales in Canada’s food service and drinking places subsector, particularly a 1.0% increase to $7.3 billion in December 2022, directly influences the market. The food service industry, which includes limited-service eating places, drinking establishments, and special food services, is increasingly incorporating plant-based options into its menus to cater to diverse consumers, including vegans, vegetarians, and those looking to reduce their seafood consumption. Thus, the rising number of vegans in the U.S., Canada’s food service industry, and Mexico’s food processing sector all play significant roles in boosting the market.
Free Valuable Insights: The Plant-based Seafood Market is Predict to reach USD 1.07 Billion by 2032, at a CAGR of 8.2%
Based on Type, the market is segmented into Fish, Prawn & Shrimp, Crab, and Other Type. Based on Source, the market is segmented into Soy, Pea, Wheat, and Other Source. Based on Distribution Channel, the market is segmented into Supermarkets & Hypermarkets, Convenience Stores, Online, and Other Distribution Channel. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
By Type
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By Country
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