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Report
United States Plant-based Seafood Market Report and Forecast 2024-2032
Market Report I 2024-03-26 I 135 Pages I EMR Inc.
United States Plant-based Seafood Market Report and Forecast 2024-2032
Market Outlook
According to the report by Expert Market Research (EMR), the United States plant-based seafood market is projected to grow at a CAGR of 15.40% between 2024 and 2032. Aided by evolving consumer preferences, sustainability concerns, and advancements in food technology, the market is expected to grow significantly by 2032.
Plant-based seafood encompasses a wide range of products designed to mimic the taste, texture, and nutritional profile of fish and shellfish, using ingredients such as legumes, seaweed, and other plant-based proteins. This market segment is gaining traction as consumers increasingly seek out alternatives that align with their ethical values, health considerations, and environmental concerns.
The United States plant-based seafood market growth is driven by health-conscious consumers looking to reduce their intake of animal proteins and saturated fats. Additionally, ethical concerns regarding overfishing, bycatch, and the welfare of marine life are compelling many to explore plant-based alternatives. This alignment of health and ethical considerations is a potent driver of market growth.
Sustainability concerns are at the heart of the plant-based seafood movement. Traditional fishing and aquaculture practices have raised significant environmental issues, including habitat destruction, pollution, and the depletion of fish stocks. As per the United States plant-based seafood market analysis, plant-based seafood offers a solution that minimises the environmental footprint of our dietary choices, appealing to eco-conscious consumers and aligning with global sustainability goals.
One of the most striking advancements in the market is the significant leap in product development and innovation. Initially limited to simple plant-based fish fillets and burgers, the market now boasts a wide array of products mimicking everything from shrimp and crab to tuna and salmon. These products are not only designed to replicate the taste and texture of their marine counterparts but also to provide nutritional value, incorporating essential nutrients such as omega-3 fatty acids, traditionally sourced from fish.
As per the United States plant-based seafood market outlook, innovations in food science and technology have played a pivotal role in these developments. The use of texturised vegetable proteins, algae extracts, and other plant-based ingredients has allowed manufacturers to mimic the flakiness of fish meat. Techniques like 3D food printing are also being explored to achieve textures and appearances closer to actual seafood, enhancing the overall consumer experience.
Advancements in market penetration and consumer acceptance are also contributing to the United States plant-based seafood market share. Plant-based seafood products are increasingly available in mainstream supermarkets, speciality stores, and online platforms, making them more accessible to a broader audience. This widespread availability is supported by strategic partnerships between plant-based seafood companies and major food retailers, as well as food service providers.
The adoption of plant-based seafood varies across the United States, with coastal regions and urban centres showing the highest demand. These areas, often characterised by higher levels of health consciousness and environmental awareness, present significant opportunities for market penetration and growth.
The United States plant-based seafood market is characterised by a mix of startups and established food companies, all vying to capture the growing consumer interest in sustainable and ethical food choices.
The future of the market is bright, with trends indicating continued growth and diversification. As consumers become more informed about the environmental and health impacts of their food choices, and as culinary innovations continue to enhance product quality, the United States plant-based seafood market expansion is expected to witness an upward trajectory. Collaboration between food scientists, chefs, and environmental organisations will likely play a critical role in driving the development of new products and in educating the public about the benefits of plant-based seafood.
Market Segmentation
The market can be divided based on source, product type, distribution channel, and region.
Market Breakup by Source
- Soy
- Wheat
- Pea
- Canola
- Lentil
- Others
Market Breakup by Product Type
- Fish Products
- Prawn and Shrimp Products
- Crab Products
- Others
Market Breakup by Distribution Channel
- Hypermarkets/Supermarkets
- Convenience Stores
- Online Channels
- Others
Market Breakup by Region
- New England
- Mideast
- Great Lakes
- Plains
- Southeast
- Southwest
- Rocky Mountain
- Far West
Competitive Landscape
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the United States plant-based seafood market. Some of the major players explored in the report by Expert Market Research are as follows:
- Conagra Brands, Inc.
- Gathered Foods Corp.
- Atlantic Natural Foods
- New Wave Foods, Inc.
- Ocean Hugger Foods, Inc.
- Fysh Foods
- The Plant Based Seafood Co.
- Beleaf Corporation
- WORTHINGTON
- MyJinka
- Others
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*We at Expert Market Research always strive to provide you with the latest information. The numbers in the article are only indicative and may be different from the actual report.
1 Preface
2 Report Coverage - Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
7 Opportunities and Challenges in the Market
8 North America Plant-based Seafood Market Overview
8.1 Key Industry Highlights
8.2 North America Plant-based Seafood Historical Market (2018-2023)
8.3 North America Plant-based Seafood Market Forecast (2024-2032)
8.4 North America Plant-based Seafood Market Breakup by Country
8.4.1 United States
8.4.2 Canada
9 United States Plant-based Seafood Market Overview
9.1 Key Industry Highlights
9.2 United States Plant-based Seafood Historical Market (2018-2023)
9.3 United States Plant-based Seafood Market Forecast (2024-2032)
10 United States Plant-based Seafood Market by Source
10.1 Soy
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Wheat
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 Pea
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Canola
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Lentil
10.5.1 Historical Trend (2018-2023)
10.5.2 Forecast Trend (2024-2032)
10.6 Others
11 United States Plant-based Seafood Market by Product Type
11.1 Fish Products
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Prawn and Shrimp Products
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 Crab Products
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 Others
12 United States Plant-based Seafood Market by Distribution Channel
12.1 Hypermarkets/Supermarkets
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Convenience Stores
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Online Channels
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Others
13 United States Plant-based Seafood Market by Region
13.1 New England
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 Mideast
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Great Lakes
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 Plains
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 Southeast
13.5.1 Historical Trend (2018-2023)
13.5.2 Forecast Trend (2024-2032)
13.6 Southwest
13.6.1 Historical Trend (2018-2023)
13.6.2 Forecast Trend (2024-2032)
13.7 Rocky Mountain
13.7.1 Historical Trend (2018-2023)
13.7.2 Forecast Trend (2024-2032)
13.8 Far West
13.8.1 Historical Trend (2018-2023)
13.8.2 Forecast Trend (2024-2032)
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter's Five Forces Analysis
14.2.1 Supplier's Power
14.2.2 Buyer's Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Competitive Landscape
15.1 Market Structure
15.2 Company Profiles
15.2.1 Conagra Brands, Inc.
15.2.1.1 Company Overview
15.2.1.2 Product Portfolio
15.2.1.3 Demographic Reach and Achievements
15.2.1.4 Certifications
15.2.2 Gathered Foods Corp.
15.2.2.1 Company Overview
15.2.2.2 Product Portfolio
15.2.2.3 Demographic Reach and Achievements
15.2.2.4 Certifications
15.2.3 Atlantic Natural Foods
15.2.3.1 Company Overview
15.2.3.2 Product Portfolio
15.2.3.3 Demographic Reach and Achievements
15.2.3.4 Certifications
15.2.4 New Wave Foods, Inc.
15.2.4.1 Company Overview
15.2.4.2 Product Portfolio
15.2.4.3 Demographic Reach and Achievements
15.2.4.4 Certifications
15.2.5 Ocean Hugger Foods, Inc.
15.2.5.1 Company Overview
15.2.5.2 Product Portfolio
15.2.5.3 Demographic Reach and Achievements
15.2.5.4 Certifications
15.2.6 Fysh Foods
15.2.6.1 Company Overview
15.2.6.2 Product Portfolio
15.2.6.3 Demographic Reach and Achievements
15.2.6.4 Certifications
15.2.7 The Plant Based Seafood Co.
15.2.7.1 Company Overview
15.2.7.2 Product Portfolio
15.2.7.3 Demographic Reach and Achievements
15.2.7.4 Certifications
15.2.8 Beleaf Corporation
15.2.8.1 Company Overview
15.2.8.2 Product Portfolio
15.2.8.3 Demographic Reach and Achievements
15.2.8.4 Certifications
15.2.9 WORTHINGTON
15.2.9.1 Company Overview
15.2.9.2 Product Portfolio
15.2.9.3 Demographic Reach and Achievements
15.2.9.4 Certifications
15.2.10 MyJinka
15.2.10.1 Company Overview
15.2.10.2 Product Portfolio
15.2.10.3 Demographic Reach and Achievements
15.2.10.4 Certifications
15.2.11 Others
16 Key Trends and Developments in the Market
List of Key Figures and Tables
1. North America Plant-based Seafood Market: Key Industry Highlights, 2018 and 2032
2. United States Plant-based Seafood Market: Key Industry Highlights, 2018 and 2032
3. United States Plant-based Seafood Historical Market: Breakup by Source (USD Million), 2018-2023
4. United States Plant-based Seafood Market Forecast: Breakup by Source (USD Million), 2024-2032
5. United States Plant-based Seafood Historical Market: Breakup by Product Type (USD Million), 2018-2023
6. United States Plant-based Seafood Market Forecast: Breakup by Product Type (USD Million), 2024-2032
7. United States Plant-based Seafood Historical Market: Breakup by Distribution Channel (USD Million), 2018-2023
8. United States Plant-based Seafood Market Forecast: Breakup by Distribution Channel (USD Million), 2024-2032
9. United States Plant-based Seafood Historical Market: Breakup by Region (USD Million), 2018-2023
10. United States Plant-based Seafood Market Forecast: Breakup by Region (USD Million), 2024-2032
11. United States Plant-based Seafood Market Structure
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