Plant-Based Fish Market Is Expected To Grow At US$ 1.3% By 2031

The unprecedented COVID-19 pandemic has affected the global economy to a great extent. Considering the food industry, one of the most important sectors of the economy, a tremendous impact has been witnessed on the entire process from the field to the consumer. The restrictions in the movement of workers, closure of food production facilities, and changes in consumer demand have put excessive pressure on the food industry.

𝗗𝗼𝘄𝗻𝗹𝗼𝗮𝗱 𝗙𝗥𝗘𝗘 𝗦𝗮𝗺𝗽𝗹𝗲 𝗖𝗼𝗽𝘆 𝗼𝗳 𝗧𝗵𝗶𝘀 𝗥𝗲𝗽𝗼𝗿𝘁: https://www.factmr.com/connectus/sample?flag=S&rep_id=5728

The market study done by Fact.MR gives exclusive information about how the market will grow. The study identifies crucial trends that are determining the growth of Plant-based Fish Products market. This newly published report sheds light on vital dynamics, such as the drivers, restraints, and opportunities for key market players as well as emerging players associated with the production and supply. The latest report by Fact.MR provides detailed Market Analysis of Plant-based Fish Products

This newly published and insightful report sheds light on Market Insights of Plant-based Fish Products, key dynamics, their impact on the overall value chain from suppliers to end-users and Growth of Plant-based Fish Products Market.

Key Players Covered:

• Beyond Meat
• Impossible Foods
• Ojah
• Memphis Meats
• ChickP
• Vestkron A/S
• Aspire Food Group
• Aleph Farms
• Ingredion Inc.
• Archer Daniels Midland Company
• Gushen Biotechnology Ltd.
• Roquette Freres
• Glanbia Plc.

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
 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,"

𝗚𝗲𝘁 𝗖𝘂𝘀𝘁𝗼𝗺𝗶𝘇𝗮𝘁𝗶𝗼𝗻 𝗼𝗻 𝘁𝗵𝗶𝘀 𝗥𝗲𝗽𝗼𝗿𝘁: https://www.factmr.com/connectus/sample?flag=RC&rep_id=5728

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.

Key Market Segments Covered

Fish

• Plant-based Tuna Products
• Plant-based Crab Products
• Plant-based Shrimp Products

Product

• Plant-based Fish Burger Patties
• Plant-based Fish Fillets
• Plant-based Fish Crumbles & Grounds
• Plant-based Fish Chunks & Tips
• Plant-based Fish Cutlets
• Plant-based Fish Shreds
• Plant-based Fish Tenders & Fingers
• Plant-based Fish Strips
• Plant-based Fish Meatballs

Source

• Soy-based Fish Products
• Wheat-based Fish Products
• Canola-based Fish Products
• Pea-based Fish Products
• Fava Bean-based Fish Products
• Rice-based Fish Products
• Lentil-based Fish Products
• Potato-based Fish Products
• Chia-based Fish Products
• Flax-based Fish Products
• Corn-based Fish Products

Distribution Channel

• Hypermarkets
• Specialty Stores
• Online Retail
• HoReCa (Food Service Sector)
• Convenience Stores

Region

• North America
• Latin America
• Western Europe
• Eastern Europe
• Asia-Pacific excluding Japan
• Japan
• Middle East & Africa

𝗚𝗲𝘁 𝗙𝘂𝗹𝗹 𝗔𝗰𝗰𝗲𝘀𝘀 𝗼𝗳 𝗖𝗼𝗺𝗽𝗹𝗲𝘁𝗲 𝗥𝗲𝗽𝗼𝗿𝘁: https://www.factmr.com/checkout/5728

More Valuable Insights on Plant-based Fish Products Market
Fact.MR, in its new report, offers an unbiased Market Analysis of Plant-based Fish Products, Sales and Demand of Plant-based Fish Products, analyzing forecast statistics through 2019 and beyond. The study reveals growth projections on the basis of various criteria.

𝗖𝗵𝗲𝗰𝗸 𝗼𝘂𝘁 𝗺𝗼𝗿𝗲 𝗿𝗲𝗹𝗮𝘁𝗲𝗱 𝘀𝘁𝘂𝗱𝗶𝗲𝘀 𝗽𝘂𝗯𝗹𝗶𝘀𝗵𝗲𝗱 𝗯𝘆 𝗙𝗮𝗰𝘁.𝗠𝗥 𝗥𝗲𝘀𝗲𝗮𝗿𝗰𝗵: https://www.globenewswire.com/en/news-release/2022/09/22/2521139/0/en/Global-Softgels-Dietary-Supplements-Market-Value-to-reach-US-15-8-Billion-by-2032-General-Well-Being-remains-primary-Application-Area-Fact-MR-Forecast.html

Contact:

US Sales Office:
11140 Rockville Pike
Suite 400
Rockville, MD 20852
United States
Tel: +1 (628) 251-1583
E-Mail: sales@factmr.com

About Fact.MR

Fact.MR is a market research and consulting agency with deep expertise in emerging market intelligence. Spanning a wide range - from automotive & industry 4.0 to healthcare, technology, chemical and materials, to even the most niche categories.

This release was published on openPR.