Plant-Based Shrimp Market to Reach USD 3.2 Billion by 2035, Driven by Sustainable Seafood Demand | New Wave Foods, Beyond Meat, Gathered Foods Corp.

Global Plant-based Shrimp Market reached USD 1.2 billion in 2022 and is expected to reach USD 2.2 billion by 2031 growing with a CAGR of 8.1% during the forecast period 2024-2031.

The Plant-based shrimp Market takes center stage in DataM Intelligence's latest in-depth analysis, where expert researchers apply advanced analytics and strategic foresight to deliver unmatched market intelligence. This comprehensive report offers a detailed examination of the competitive landscape, highlighting key players and their innovations in product development, pricing models, financial performance, and global expansion strategies. By uncovering the driving forces, market dynamics, and disruptive trends shaping the industry's future, the study equips stakeholders with actionable insights to navigate an increasingly dynamic and competitive environment.

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☛ Plant-based shrimp Market Dynamics and Drivers

The plant-based shrimp market is experiencing robust growth driven by several key factors. Increasing consumer awareness of environmental issues, such as overfishing and marine pollution, is prompting a shift toward sustainable seafood alternatives. Health-conscious individuals are also seeking allergen-free, cholesterol-free, and protein-rich plant-based seafood options. Technological advancements have led to the development of plant-based shrimp products that closely replicate the taste, texture, and appearance of traditional shrimp, making the switch to plant-based alternatives more appealing. The expansion of retail outlets and online sales channels is enhancing the accessibility of plant-based shrimp products, further driving market growth. Additionally, partnerships between plant-based food manufacturers and popular food service chains have introduced these alternatives into mainstream menus, helping to fuel broader adoption.

☛ Plant-based shrimp Industry News:

United States
Market Growth: The U.S. plant-based seafood market is projected to grow at a CAGR of 31% from 2025 to 2034, driven by rising veganism and animal welfare concerns.

Sales Forecast: Sales of plant-based shrimp in the USA are expected to grow at a CAGR of 8.3% between 2025 and 2035, fueled by innovation and expanding retail distribution.

Import Trends: Shrimp imports to the U.S. were up 18% year over year in the first half of 2025, with 413,718 metric tons entering the nation's borders.

Japan
Market Expansion: The Japan plant-based shrimp market is growing at a CAGR of 9.2% from 2025 to 2035, driven by rising demand for seafood alternatives amid heightened environmental awareness and a robust vegan movement.

Revenue Growth: The Japan plant-based seafood market size reached USD 6.2 million in 2024 and is expected to reach USD 79.0 million by 2033, exhibiting a growth rate (CAGR) of 28.9% during 2025-2033.

Ingredient Trends: In terms of segment, soy was the largest revenue-generating source in 2024, while pea is the most lucrative source segment registering the fastest growth during the forecast period.

☛ Plant-based shrimp Market Competitive Landscape:

New Wave Foods, Beyond Meat, Gathered Foods Corp, Maple Leaf Foods, Finless Foods, Ocean Hunger Foods, The Vegetarian Butche, Kraft Heinz, Moving Mountains Foods, and Monde Nissin.

Research Methodology

We employ a hybrid approach, integrating qualitative insights with robust quantitative analysis to deliver comprehensive and reliable market intelligence. The process starts with extensive secondary research, leveraging trusted industry publications, proprietary databases, and credible market sources. This foundation is then strengthened through targeted primary research, including structured surveys and in-depth interviews with industry leaders, subject matter experts, and key market participants.

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☛ Segment Covered in the Plant-based shrimp Market:

By Source (Seaweed, Legume Protein, Plant based Omega3, Soy protein, Pea Protein, Others)

By Storage (Frozen, Refrigerated, Shelf Stable)

By Distribution Channel (Online, Offline)

☛ This Report Covers:

✔ Comprehensive go-to-market strategy insights.

✔ An unbiased evaluation of market performance.

✔ In-depth analysis of development trends, competitive landscape, supply and demand dynamics, year-on-year growth, competitive benchmarking, vendor mapping, market access, and overall development status.

✔ Customized regional and country-level reports available on request, including detailed localized analysis.

✔ Identification of potential and niche segments/regions showcasing strong growth opportunities.

✔ Application of both top-down and bottom-up approaches for accurate regional market analysis.



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☛ Regional Analysis for Plant-based shrimp Market:

⇥ North America (U.S., Canada, Mexico)

⇥ Europe (U.K., Italy, Germany, Russia, France, Spain, The Netherlands and Rest of Europe)

⇥ Asia-Pacific (India, Japan, China, South Korea, Australia, Indonesia Rest of Asia Pacific)

⇥ South America (Colombia, Brazil, Argentina, Rest of South America)

⇥ Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)

☛ Frequently asked questions:

➠ What is the global sales, production, consumption, import, and export value of the Plant-based shrimp Market?
➠ Who are the key global manufacturers, and what is their operational performance?
➠ What are the major opportunities and threats in the global Plant-based shrimp Market?
➠ Which product types or end-users show the most growth potential and market share?
➠ What challenges and constraints are impacting the Plant-based shrimp Market?
➠ What sales, marketing, and distribution channels are used globally?

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✅ Competitive Landscape
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