Plant-Based Sea Food Market Growth Size Analysis 2022-2029

The Plant-Based Sea Food Market is expected to grow at a CAGR of 15.23% during the forecast period 2022-2029. North America region has the highest market share in the Plant-Based Sea Food Market, and it is further continuing its dominance during the forecast period.

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Our research report gives wide perceptions of the latest trends and development prospects of the market analysis, detailed segmentation analysis, volume, size, share, growth drives, and opportunities in the market. In-depth regional and country-level illustration of the competitive landscape depends on several phases and status of clinical trials over the prominent economies of the globe, and also report contains a number of major companies profiled in the relevant market.

Market Drivers:

The practice of avoiding the consumption of animal products in one's diet is called veganism. People who are vegans consume foods made from plants; Fruit and vegetables, legumes like peas, beans, and lentils, nuts and seeds, bread, rice, and pasta, as well as dairy alternatives like soymilk, coconut milk, and almond milk, are all part of their diet. The use of hormones and antibiotics in modern animal agriculture has been linked to a number of side effects, and veganism can also help people lose weight and improve their health.
A vegan diet is thought to lower prostate cancer risk by 35%.From 4 million vegans in 2014 to 20 million in 2018, there was a 600 % increase in the number of vegans in the United States. With a 94.4 % increase between 2011 and 2016, Italy had the fastest-growing vegan population. As per new information delivered by Twists, plant-based food deals in the US came to $7 billion, becoming 27% in 2020 at a rate twice higher than the general food market. Plant-based product sales increased by 43% between 2018 and 2020, nearly 2.5 times faster than the 17% increase in the food industry. Great food establishment and the plant-based food sources affiliation consolidated showed that the general family utilization of plant-based items is 57% in the US. The vegan food market was worth more than $16 billion in 2021.Plant-based food sales grew twice as quickly as food sales in 2020.Additionally, the market expansion is anticipated to be fuelled by the availability of a variety of plant-based seafood choices.

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Market Segmentation:

By Type:
• Fish Products
• Prawn and Shrimp Products
• Crab Products

By Distribution Channel:
• Supermarkets and Hypermarkets
• Convenience Stores
• Online Stores

Geographical Classification:
• North America
• Latin America
• Europe
• Asia Pacific
• Middle East
• Africa

Major Companies Covered:

OmniFoods, The Plant Based Seafood Co. , Good Catch, Fazenda Futuro, Current Foods, Roquette Frères, Impossible Foods Inc., Umiami, Memphis Meats, Aspire Food Group.

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This release was published on openPR.