Europe Plant-based Seafood Market to Reach US$ 154.4 Million by 2027, CAGR of 30.46%

According to IMARC Group's latest report, titled "𝐄𝐮𝐫𝐨𝐩𝐞 𝐏𝐥𝐚𝐧𝐭-𝐛𝐚𝐬𝐞𝐝 𝐒𝐞𝐚𝐟𝐨𝐨𝐝 𝐌𝐚𝐫𝐤𝐞𝐭: 𝐆𝐥𝐨𝐛𝐚𝐥 𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐲 𝐓𝐫𝐞𝐧𝐝𝐬, 𝐒𝐡𝐚𝐫𝐞, 𝐒𝐢𝐳𝐞, 𝐆𝐫𝐨𝐰𝐭𝐡, 𝐎𝐩𝐩𝐨𝐫𝐭𝐮𝐧𝐢𝐭𝐲 𝐚𝐧𝐝 𝐅𝐨𝐫𝐞𝐜𝐚𝐬𝐭 𝟐𝟎𝟐𝟐-𝟐𝟎𝟐𝟕", the Europe plant-based seafood market size reached US$ 31.8 Million in 2021. Looking forward, IMARC Group expects the market to reach US$ 154.4 Million by 2027, exhibiting a growth rate (CAGR) of 30.46% during 2022-2027.

Plant-based seafood represents vegan substitutes for seafood with similar texture, taste, and smell. They are manufactured utilizing a combination of products, including seaweed, soy, yeast, vegetable oils, starches, additives, coloring agents, etc., and can be categorized into several types, such as fish products, prawn and shrimp products, crab products, etc. As a result, plant-based seafood products are in extensive demand among consumers across Europe.

𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐟𝐨𝐫 𝐚 𝐏𝐃𝐅 𝐬𝐚𝐦𝐩𝐥𝐞 𝐨𝐟 𝐭𝐡𝐢𝐬 𝐫𝐞𝐩𝐨𝐫𝐭: https://www.imarcgroup.com/europe-plant-based-seafood-market/requestsample

In this report you will get detailed analysis of the market, growth analysis graphs, historical period analysis, forecast period analysis, major market segmentation, top leading key players of the market, table of content, list of figures, and list of tables.

𝐄𝐮𝐫𝐨𝐩𝐞 𝐏𝐥𝐚𝐧𝐭-𝐛𝐚𝐬𝐞𝐝 𝐒𝐞𝐚𝐟𝐨𝐨𝐝 𝐌𝐚𝐫𝐤𝐞𝐭 𝐓𝐫𝐞𝐧𝐝𝐬:

The emerging trend of veganism, on account of the elevating concerns about animal cruelty and environmental pollution, is among the key factors driving the Europe plant-based seafood market. In addition to this, the launch of numerous initiatives and policies by the government bodies aimed at promoting the consumption of plant-based products to lower pressure on the depleting fisheries and various other aquatic resources is acting as another significant growth-inducing factor.

Apart from this, the inflating demand for frozen, ready-to-eat, and canned food products, owing to the hectic lifestyles of individuals, is further stimulating market across region. Moreover, the increasing product availability through multiple brick-and-mortar and online distribution channels catering to the diverse consumer tastes and preferences and the rising investments by leading market players on innovative market strategies to spread awareness about the product are expected to propel the Europe plant-based seafood market over the forecasted period.

𝐁𝐮𝐲 𝐓𝐡𝐢𝐬 𝐑𝐞𝐩𝐨𝐫𝐭 𝐍𝐨𝐰: https://www.imarcgroup.com/checkout?id=3784&method=1

As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviors of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.

𝐊𝐞𝐲 𝐌𝐚𝐫𝐤𝐞𝐭 𝐒𝐞𝐠𝐦𝐞𝐧𝐭𝐚𝐭𝐢𝐨𝐧:

The report has categorized the market based on product type and distribution channel.

Breakup by Product Type:
• Fish Products
• Prawn & Shrimp Products
• Crab Products

Breakup by Distribution Channel:
• Supermarkets and Hypermarkets
• Convenience Stores
• Online
• Others

Breakup by Country:
• Germany
• France
• United Kingdom
• Italy
• Spain
• Others

𝐂𝐨𝐦𝐩𝐞𝐭𝐢𝐭𝐢𝐯𝐞 𝐋𝐚𝐧𝐝𝐬𝐜𝐚𝐩𝐞:

The competitive landscape of the industry has also been examined along with the profiles of the key players.

𝐀𝐬𝐤 𝐀𝐧𝐚𝐥𝐲𝐬𝐭 𝐟𝐨𝐫 𝐂𝐮𝐬𝐭𝐨𝐦𝐢𝐳𝐚𝐭𝐢𝐨𝐧 𝐚𝐧𝐝 𝐄𝐱𝐩𝐥𝐨𝐫𝐞 𝐟𝐮𝐥𝐥 𝐫𝐞𝐩𝐨𝐫𝐭 𝐰𝐢𝐭𝐡 𝐓𝐎𝐂 & 𝐋𝐢𝐬𝐭 𝐨𝐟 𝐅𝐢𝐠𝐮𝐫𝐞𝐬: https://www.imarcgroup.com/request?type=report&id=3784&flag=C

𝐊𝐞𝐲 𝐡𝐢𝐠𝐡𝐥𝐢𝐠𝐡𝐭𝐬 𝐨𝐟 𝐭𝐡𝐞 𝐫𝐞𝐩𝐨𝐫𝐭:

• Market Performance (2016-2021)
• Market Outlook (2022-2027)
• Market Trends
• Market Drivers and Success Factors
• Impact of COVID-19
• Value Chain Analysis
• Comprehensive mapping of the competitive landscape

If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

𝐑𝐞𝐥𝐚𝐭𝐞𝐝 𝐑𝐞𝐩𝐨𝐫𝐭𝐬 𝐛𝐲 𝐈𝐌𝐀𝐑𝐂 𝐆𝐫𝐨𝐮𝐩:

Europe Organic Food and Beverages Market: https://www.imarcgroup.com/europe-organic-food-beverages-market

Cognac Market: https://www.imarcgroup.com/cognac-market

Lobster Market: https://www.imarcgroup.com/lobster-market

Coconut Water Market: https://www.imarcgroup.com/coconut-water-market

Nutraceuticals Market: https://www.imarcgroup.com/global-nutraceuticals-market

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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC's information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.

This release was published on openPR.