Plant-Based Shrimp Market Outlook: Demand Drivers, Innovations & Competitive Landscape

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.

According to DataM Intelligence has published a new research report on "Plant-based Shrimp Market Size 2025". The report explores comprehensive and insightful Information about various key factors like Regional Growth, Segmentation, CAGR, Business Revenue Status of Top Key Players and Drivers. The purpose of this report is to provide a telescopic view of the current market size by value and volume, opportunities, and development status.

Plant-based Shrimp are seafood alternatives made from plant-derived ingredients designed to replicate the taste, texture, and appearance of conventional shrimp. They are typically formulated using proteins from soy, pea, wheat, or algae, along with natural flavors and binders. Plant-based shrimp offer cholesterol-free, allergen-reduced, and sustainable protein options. Rising demand for vegan seafood, sustainability concerns, and alternative protein innovation are driving market growth.

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➣ Recent Developments:

United States: Recent Industry Developments
✅ In January 2026, U.S. plant-based seafood brands accelerated national foodservice expansion of plant-based shrimp across fast-casual and Asian-inspired restaurant chains. The focus is on clean-label formulations with improved bite and heat stability. This reflects rising demand for sustainable seafood alternatives in commercial kitchens.

✅ In December 2025, multiple U.S. startups unveiled next-generation plant-based shrimp using algae oils and pea protein blends to enhance umami flavor and fibrous texture. These launches target retail freezer aisles and premium ready-meal categories. Product innovation is positioning plant-based shrimp closer to mainstream adoption.

✅ In November 2025, U.S. alternative seafood companies secured fresh growth capital to scale fermentation-enabled and plant-protein shrimp analogs. Investments are aimed at cost reduction and large-scale manufacturing. This signals strong investor confidence in the alt-seafood segment.

Latest M&A - United States
✅ In December 2025, a U.S. plant-based protein company acquired a niche seafood-alternative startup specializing in shrimp analog technology. The acquisition strengthens IP portfolios and accelerates time-to-market for next-generation plant-based shrimp products.

Japan: Recent Industry Developments
✅ In January 2026, Japanese food manufacturers expanded commercial availability of plant-based shrimp for hotels, restaurants, and institutional catering. Products emphasize authentic texture and compatibility with traditional Japanese and pan-Asian dishes. Demand is driven by sustainability and food-allergy considerations.

✅ In December 2025, Japan-based food innovators introduced improved plant-based shrimp formulations with enhanced chewiness and neutral aroma. These products target bento meals, frozen foods, and convenience-store channels. The launches reflect rising domestic acceptance of plant-based seafood.

✅ In November 2025, Japanese alternative protein startups increased pilot production of plant-based shrimp using proprietary plant-fiber processing. The developments focus on scalability and export-ready product standards. This supports Japan's growing role in Asia-Pacific plant-based innovation.

Latest M&A - Japan
✅ In December 2025, a Japanese food conglomerate entered a strategic acquisition of a plant-based seafood startup to expand its alternative protein portfolio. The deal accelerates commercialization of plant-based shrimp across domestic and regional markets.

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➣ Top Industry Players:

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.

➣ Market Segments:

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

By Storage (Frozen, Refrigerated, Shelf Stable)

By Distribution Channel (Online, Offline)

Benefits of the Report:

Chapter 1 - Market Overview: Kickstarts the report with a comprehensive snapshot of the Plant-based Shrimp Market, summarizing key segments by region, product type, and application. Highlights include market size, segment growth potential, and short- & long-term industry outlook.

Chapter 2 - Emerging Trends: Uncovers the game-changing trends and high-impact innovations shaping the future of the industry.

Chapter 3 - Competitive Landscape: Offers a deep dive into market competition, detailing revenue shares, strategic initiatives, and recent mergers & acquisitions.

Chapter 4 - Top Player Profiles: Features detailed company profiles, covering revenue, profit margins, product lines, and major milestones for leading market players.

Chapters 5 & 6 - Regional & Country Analysis: Breaks down revenue performance across global regions, providing insights on market sizes, opportunities, and growth prospects worldwide.

Chapter 7 - Segmentation Analysis: Explores market segmentation by type, revealing high-potential categories and guiding businesses towards lucrative areas.

Chapter 8 - Application Insights: Examines downstream markets and identifies promising sectors for expansion, showing how different applications are driving growth.

Chapter 9 - Supply Chain Mapping: Maps the entire industry supply chain, highlighting upstream and downstream activities for a holistic market perspective.

Chapter 10 - Key Takeaways: Concludes with critical insights and actionable strategies, equipping stakeholders to make informed decisions and stay ahead in the market.

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Regional Break out:

☞ North America - US, Canada, Mexico

☞ Europe- Germany, Russia, UK, France, Italy, Rest of Europe

☞ Asia Pacific- China, India, Japan, Australia, Rest of Asia Pacific

☞ South America- Brazil, Argentina, Colombia, Rest of South America

☞ Middle East and Africa- Saudi Arabia, UAE, Oman, Bahrain, Qatar, Kuwait, Israel

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✅ Competitive Landscape
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