According to a new report, published by KBV research, The Global Plant-based Seafood Market size is expected to reach $1.07 billion by 2032, rising at a market growth of 8.2% CAGR during the forecast period.
Plant-based seafood is often marketed as a healthier option compared to traditional seafood. These products are typically lower in cholesterol and saturated fat, making them attractive to health-conscious consumers. Additionally, plant-based seafood is free from harmful chemicals, such as mercury, which can be present in certain types of fish. This makes plant-based seafood an appealing choice for those looking to reduce their risk of consuming contaminants commonly found in conventional seafood.
The Fish segment is experiencing a CAGR of 7.7 % during the forecast period. The widespread consumption of fish globally and growing environmental concerns about overfishing have fuelled the demand for plant-based fish alternatives. These products often mimic conventional fish's flavour, texture, and nutritional content, making them appealing to flexitarians and environmentally conscious consumers.
The Soy segment led the maximum revenue in the Global Plant-based Seafood Market by Source in 2024, thereby, achieving a market value of $523.7 million by 2032. Soy is widely recognized for its high protein content and versatility, making it a popular choice for replicating traditional seafood's texture and nutritional profile. Its long-standing acceptance in plant-based diets and its ability to absorb flavours well have contributed to its dominance.
The Supermarkets & Hypermarkets segment is growing at a CAGR of 7.5 % during the forecast period. These retail outlets offer various plant-based seafood products, allowing consumers to compare options and make informed choices. Their extensive distribution networks, large shelf space, and promotional strategies significantly boost product visibility and accessibility. Moreover, in-store sampling and consumer engagement initiatives enhance the segment’s performance.
Full Report: https://www.kbvresearch.com/plant-based-seafood-market/
The North America region dominated the Global Plant-based Seafood Market by Region in 2024, and would continue to be a dominant market till 2032; thereby, achieving a market value of $363.7 million by 2032. The Europe region is anticipated to grow at a CAGR of 8.1% during (2025 - 2032). Additionally, The Asia Pacific region would witness a CAGR of 9% during (2025 - 2032).
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