openPR Logo
Press release

Plant-based Fish Market worth US$ 1.3 Billion by 2031 - Exclusive Report by Fact.MR

04-10-2021 10:37 AM CET | Advertising, Media Consulting, Marketing Research

Press release from: Fact.MR

Plant-based Fish Market

Plant-based Fish Market

As environmental concerns associated with meat and seafood consumption heighten, consumers are turning towards more nature-friendly alternatives, prompting a slew of start-up companies to offer a broad range of plant-based product offerings.

Sales of plant-based food products have witnessed unprecedented gains in recent years, with the global food & beverage market experiencing extensive marketing and promotion campaigns for the same.

According to the U.S. Department of Agriculture, the average quantity of per capita canned tuna consumption declined by over 41% between 1986 and 2016, from 3.6 pounds to 2.1 pounds. Strong odor, combined with high mercury concentrations, were attributed as some of the primary reasons for this.

Click Here To get a Sample (Including Full TOC, Table & Figures)
https://www.factmr.com/connectus/sample?flag=S&rep_id=5728

Moreover, as per the 2018 Summer Food & Drink Trends report, one-third of all Americans, and 37% of millennials, planned to purchase more plant-based products by 2019.

The sector expanded by nearly a fifth, reaching over US$ 3.7 billion. As such, the scope for plant-based fish products is only expected to widen over the coming years, with the market projected to surge ahead at an astonishing CAGR of 28% through 2031.

Key Takeaways from Market Study

By product, burger patties to hold dominance, fillets to catch up swiftly
By source, soy-based proteins to remain dominant, popularity of wheat-proteins to soar

HoReCa (Food Service Sector) to remain dominant distribution channel, online sales catching up

Plant-based shrimp to emerge as most consumed type over coming years
The U.S. to emerge as the dominant market for plant-based fish in North America, amid high presence of major F&B corporations

Need more information about Report Methodology? Click here
https://www.factmr.com/connectus/sample?flag=RM&rep_id=5728

Growing animal sensitization trends driving sales across the U.K., which incidentally is likely to become the world’s largest market

“Growing tilt towards healthier food alternatives as well as rapidly depleting global fish stocks are prompting consumers to opt for plant-based alternatives to key seafood varieties, providing traction to the sales of plant-based fish products,” comments a Fact.MR analyst.

Competitive Landscape

The global plant-based fish market is highly competitive and fragmented in nature, characterized by the presence of a wide range of established and fledgling manufacturers. Primary expansion strategies of key manufacturers involve new product launches, strategic partnerships & acquisitions, as well as aggressive marketing campaigns.

In August 2020, for instance, food & beverage giant Nestle launched a plant-based alternative to tuna; its first move into the ever-expanding plant-based seafood alternatives market. This alternative can be used in a wide range of dishes, including salads, sandwiches, and pizzas. The product involves a combination of six plant ingredients, including pea protein.

Collaborations with universities to accelerate research are also becoming popular in this market space.

For instance, in September 2020, Givaudan, one of the world’s leading flavor and fragrance company, unveiled its research in collaboration with the University of California, Berkeley’s Product Development Program, to investigate the possibilities for manufacturers in the plant-based fish products domain.
More Insights Available

Connect To an Expert
https://www.factmr.com/connectus/sample?flag=AE&rep_id=5728

Fact.MR, in its new offering, presents an unbiased analysis of the plant-based fish market, presenting historical demand data (2016-2020) and forecast statistics for the period of 2021-2031. The study divulges essential insights on the market on the basis of type (tuna, crab, and shrimp), product (burger patties, fillets, crumbles & grounds, chunks & tips, cutlets, shreds, tenders & fingers, strips, and meatballs), source (soy-based, wheat-based, canola-based, pea-based, fava bean-based, rice-based, lentil-based, potato-based, chia-based, flax-based, and corn-based), and distribution channel (hypermarkets, specialty stores, online retail, HoReCa, and convenience stores), across seven major regions of the world (North America, Latin America, Western Europe, Eastern Europe, APEJ, Japan, and MEA).

Contact:

US Sales Office:
11140 Rockville Pike
Suite 400
Rockville, MD 20852
United States
Tel: +1 (628) 251-1583

Corporate Headquarter:
Unit No: AU-01-H Gold Tower (AU),
Plot No: JLT-PH1-I3A,
Jumeirah Lakes Towers,
Dubai, United Arab Emirates
Email: sales@factmr.com
Visit Our Website:
https://www.factmr.com
Research Insight:
https://www.factmr.com/report/plant-based-fish-market
Content Source:
https://www.factmr.com/media-release/1898/global-plant-based-fish-market

About Us:

Market research and consulting agency with a difference! That’s why 80% of Fortune 1,000 companies trust us for making their most critical decisions. While our experienced consultants employ the latest technologies to extract hard-to-find insights, we believe our USP is the trust clients have on our expertise. Spanning a wide range – from automotive & industry 4.0 to healthcare & retail, our coverage is expansive, but we ensure even the most niche categories are analyzed. Our sales offices in United States and Dublin, Ireland. Headquarter based in Dubai, UAE. Reach out to us with your goals, and we’ll be an able research partner.

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Plant-based Fish Market worth US$ 1.3 Billion by 2031 - Exclusive Report by Fact.MR here

News-ID: 2268607 • Views: 587

More Releases from Fact.MR

Organic Sulfur Market Global Demand, Growth, Opportunities, Top Key Players and …
Fact.MR has adopted multi-disciplinary approach to shed light on the keyword during the historical period. The study presents a deep-dive assessment of the current growth dynamics, major avenues in the estimation year, and key prospects over the forecast period 2018-2028. The insights and analytics on the Organic Sulfur Market span several pages. These are covered in numerous sections, including, drivers and restraints, challenges and opportunities, regional segmentation and opportunity assessment,
GLA Supplements Market Key Players, SWOT Analysis, Dynamics, Drivers, Key Indica …
Fact.MR has adopted multi-disciplinary approach to shed light on the GLA Supplements during the historical period. The study presents a deep-dive assessment of the current growth dynamics, major avenues in the estimation year, and key prospects over the forecast period 2018-2028. The insights and analytics on the GLA Supplements Market span several pages. These are covered in numerous sections, including, drivers and restraints, challenges and opportunities, regional segmentation and opportunity
Global Electrotechnical Paper Market to Create an Absolute Dollar Opportunity of …
The recently published market study by Fact.MR highlights the current trends that are expected to influence the dynamics of the Electrotechnical Paper Market in the upcoming years. Click here to Get Complete Synopsis of the Report – https://www.factmr.com/report/1956/electrotechnical-paper-market The report introspects the supply chain, cost structure, and recent developments pertaining to the Electrotechnical Paper Market in the report and the impact of the COVID-19 on these facets of the market. Further,
Global Dibenzyl Toluene Marke to Expand 1.4X by 2030 end | Eastman Chemicals, Ar …
The recently published market study by Fact.MR highlights the current trends that are expected to influence the dynamics of the Dibenzyl Toluene Market in the upcoming years. Click here to Get Complete Synopsis of the Report - https://www.factmr.com/report/4843/dibenzyl-toluene-market   The report introspects the supply chain, cost structure, and recent developments pertaining to the Dibenzyl Toluene Market in the report and the impact of the COVID-19 on these facets of the market. Further,

All 5 Releases


More Releases for Fish

Fish Sauce Market 2019 with Global Analysis and Players Like Thai Fish Sauce Fac …
Fish Sauce Market Share, Size, Trends, And Business chance Analysis Report 2018 embody historic information, with forecast information to 2026. This Report is useful for future strategy development, and to grasp regarding Market Drivers, Restraints, Opportunities, And world industry size, share, Growth, Trends, key players forecast to 2026. SWOT analysis can be quite a useful tool when it comes finding the market drivers and restrains in the Fish Sauce Market which
Salmon Fish Industry Market In-Depth analysis to 2023 Profiling JCS Fish, Northe …
The global salmon market Is projected to grow at a healthy CAGR by 2023 over the past few years people have been more aware about protein rich diet and is benefits, Salmon ranks high in the healthy food list. Salmon has many health benefits, it is good for skin, hair, joints and brain, it is enriched with vitamins minerals and most importantly it’s a best source of omega-3, salmon is
Global Salmon Fish Market 2018 Key Trends & Demands : JCS Fish, Foley Boston, Ic …
Qyresearchreports include new market research report "Global Salmon Fish Sales Market Report 2018" to its huge collection of research reports. The give report provides insights with respect to overall Salmon Fish market and offers vital research data inferred for use of both set up and new market players. Toward the start, the report offers a chart of the market and subsequently continues forward to analyse the components progressing or testing it
Fish Feed: Global Market Intelligence
ReportsWorldwide has announced the addition of a new report title Fish Feed: Global Market Intelligence to its growing collection of premium market research reports. The report “Fish Feed: Global Market Intelligence” provides market intelligence on the different market segments, based on type, application, and geography. Market size and forecast (2011-2020) has been provided in the report. The primary objectives of this report are to provide 1) comprehensive global market intelligence through detailed segmentation, 2)
Fish Oil Market :Volume Share, by Type (Anchovy Fish, Mackerel Fish, Sardines Fi …
Zion Research has published a new report titled “Fish Oil (Anchovy, Mackerel, Sardines, Cod, Herring, Menhaden, Others) Market for Aquaculture, Animal Nutrition & Pet, Food, Pharmaceuticals Supplement & Functional Food and Other Applications: Global Industry Perspective, Comprehensive Analysis and Forecast, 2014 - 2020.” According to the report, the global fish oil market accounted for USD 2.22 Billion in 2014 and is expected to reach USD 2.93 Billion by 2020, growing
Global Fish Oil Market: Marine fish oil and Cyprinids fish oil market generate r …
Zion Research has published a new report titled “Fish Oil (Anchovy, Mackerel, Sardines, Cod, Herring, Menhaden, Others) Market for Aquaculture, Animal Nutrition & Pet, Food, Pharmaceuticals Supplement & Functional Food and Other Applications: Global Industry Perspective, Comprehensive Analysis and Forecast, 2014 - 2020.” According to the report, the global fish oil market accounted for USD 2.22 Billion in 2014 and is expected to reach USD 2.93 Billion by