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The United States plant-based seafood market size is estimated to grow at a CAGR of 31.0% during 2024-2032. The market is being aided by the growing trend of veganism and growing concerns regarding animal welfare in the country.
Plant-based seafood refers to food products that are derived from plant sources but have a homogeneous texture, taste, appearance, and nutritional profile to conventional seafood. Industrial fishing and fish farming are two methods of typically procuring seafood.
Plant-based seafood is made from different sources, including pea protein, a mixture of different plant-derived proteins, and trehalose, among others. One of the chief ingredients in plant-based seafood is seaweed, majorly used by various brands, which further contributes to the authenticity of the flavour.
On the basis of source, the market is divided into soy, wheat, pea, canola, and lentil, among others. Based on product type, the market is divided into fish products, prawn and shrimp products, and crab products, among others.
On the basis of distribution channel, the market is divided into hypermarkets/supermarkets, convenience stores, and online channels, among others. The major regional markets of plant-based seafood in the United States are New England, Mideast, Great Lakes, Plains, Southeast, Southwest, Rocky Mountain, and Far West.
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in United States plant-based seafood market, covering their competitive landscape and latest developments like mergers, acquisitions, investments, and expansion plans.
As per the United States plant-based seafood market analysis, peas are widely used in plant-based seafoods due to their rich protein rich content. Peas also provide similar texture and mouthfeel to non-plant-based seafood as its conventional counterparts. Moreover, the versatility and excellent nutritional profile of peas is also bolstering their use in plant-based seafoods.
In the forecast period, the demand for soy-based protein ingredients in plant-based seafoods due to their high-quality protein, attractive costs, enhanced functionality, and excellent gelling and binding properties.
Supermarkets and hypermarkets represents a significant portion of the United States plant-based seafood market share as they are considered one stop shopping destinations in both urban and rural areas.
With the increasing popularity of plant-based seafood products, supermarkets and hypermarkets are expanding their product portfolios to incorporate these products. Attractive discounts and offers provided by these distribution channels further boost their appeal for buying plant-based seafood.
Meanwhile, online channels are also gaining popularity due to a greater penetration of mobile phones, which allow consumers to access products and services online with just one touch. Online channels are easy and convenient in nature, and facilitate services like home delivery, free shipment, and return and refund. Such benefits are expected to surge the use of online platforms for buying plant-based seafood products in the forecast period.
Conagra Brands, Inc. was founded in 1919 and is headquartered in Chicago, Illinois. It is an American consumer packaged goods holding company and offers products like cooking oil, hot cocoa, hot dogs, frozen dinners, and peanut butter. The company promotes plant-based seafood through its products like fish filets and mini crab cakes.
Gathered Foods Corp., founded in 2016, is a company that deals in different plant-based seafood products, including salmon burgers, fish sticks, fish fillets, crab cakes, fish cakes, and fish burgers. Its recipes include alternate ingredients including peas, chickpeas, lentils, soy, fava beans and navy beans that promise rich flavours and great texture.
Beleaf Corporation started its operation in the year 2017 and manufactures plant-based food products. Its products are produced through non-GMO (genetically modified organism) methods. Its plant-based shrimp won country’s top plant-based seafood title at the Plant-based World Expo Award for three consecutive years.
Other United States plant-based seafood market players include Atlantic Natural Foods, New Wave Foods, Inc., Ocean Hugger Foods, Inc., Fysh Foods, The Plant Based Seafood Co., WORTHINGTON, and MyJinka, among others.
REPORT FEATURES | DETAILS |
Base Year | 2023 |
Historical Period | 2018-2023 |
Forecast Period | 2024-2032 |
Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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Breakup by Source |
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Breakup by Product Type |
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Breakup by Distribution Channel |
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Breakup by Region |
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Market Dynamics |
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Competitive Landscape |
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Companies Covered |
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*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
7 Opportunities and Challenges in the Market
8 North America Plant-based Seafood Market Overview
8.1 Key Industry Highlights
8.2 North America Plant-based Seafood Historical Market (2018-2023)
8.3 North America Plant-based Seafood Market Forecast (2024-2032)
8.4 North America Plant-based Seafood Market Breakup by Country
8.4.1 United States
8.4.2 Canada
9 United States Plant-based Seafood Market Overview
9.1 Key Industry Highlights
9.2 United States Plant-based Seafood Historical Market (2018-2023)
9.3 United States Plant-based Seafood Market Forecast (2024-2032)
10 United States Plant-based Seafood Market by Source
10.1 Soy
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Wheat
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 Pea
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Canola
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Lentil
10.5.1 Historical Trend (2018-2023)
10.5.2 Forecast Trend (2024-2032)
10.6 Others
11 United States Plant-based Seafood Market by Product Type
11.1 Fish Products
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Prawn and Shrimp Products
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 Crab Products
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 Others
12 United States Plant-based Seafood Market by Distribution Channel
12.1 Hypermarkets/Supermarkets
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Convenience Stores
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Online Channels
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Others
13 United States Plant-based Seafood Market by Region
13.1 New England
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 Mideast
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Great Lakes
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 Plains
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 Southeast
13.5.1 Historical Trend (2018-2023)
13.5.2 Forecast Trend (2024-2032)
13.6 Southwest
13.6.1 Historical Trend (2018-2023)
13.6.2 Forecast Trend (2024-2032)
13.7 Rocky Mountain
13.7.1 Historical Trend (2018-2023)
13.7.2 Forecast Trend (2024-2032)
13.8 Far West
13.8.1 Historical Trend (2018-2023)
13.8.2 Forecast Trend (2024-2032)
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Competitive Landscape
15.1 Market Structure
15.2 Company Profiles
15.2.1 Conagra Brands, Inc.
15.2.1.1 Company Overview
15.2.1.2 Product Portfolio
15.2.1.3 Demographic Reach and Achievements
15.2.1.4 Certifications
15.2.2 Gathered Foods Corp.
15.2.2.1 Company Overview
15.2.2.2 Product Portfolio
15.2.2.3 Demographic Reach and Achievements
15.2.2.4 Certifications
15.2.3 Atlantic Natural Foods
15.2.3.1 Company Overview
15.2.3.2 Product Portfolio
15.2.3.3 Demographic Reach and Achievements
15.2.3.4 Certifications
15.2.4 New Wave Foods, Inc.
15.2.4.1 Company Overview
15.2.4.2 Product Portfolio
15.2.4.3 Demographic Reach and Achievements
15.2.4.4 Certifications
15.2.5 Ocean Hugger Foods, Inc.
15.2.5.1 Company Overview
15.2.5.2 Product Portfolio
15.2.5.3 Demographic Reach and Achievements
15.2.5.4 Certifications
15.2.6 Fysh Foods
15.2.6.1 Company Overview
15.2.6.2 Product Portfolio
15.2.6.3 Demographic Reach and Achievements
15.2.6.4 Certifications
15.2.7 The Plant Based Seafood Co.
15.2.7.1 Company Overview
15.2.7.2 Product Portfolio
15.2.7.3 Demographic Reach and Achievements
15.2.7.4 Certifications
15.2.8 Beleaf Corporation
15.2.8.1 Company Overview
15.2.8.2 Product Portfolio
15.2.8.3 Demographic Reach and Achievements
15.2.8.4 Certifications
15.2.9 WORTHINGTON
15.2.9.1 Company Overview
15.2.9.2 Product Portfolio
15.2.9.3 Demographic Reach and Achievements
15.2.9.4 Certifications
15.2.10 MyJinka
15.2.10.1 Company Overview
15.2.10.2 Product Portfolio
15.2.10.3 Demographic Reach and Achievements
15.2.10.4 Certifications
15.2.11 Others
16 Key Trends and Developments in the Market
List of Key Figures and Tables
1. North America Plant-based Seafood Market: Key Industry Highlights, 2018 and 2032
2. United States Plant-based Seafood Market: Key Industry Highlights, 2018 and 2032
3. United States Plant-based Seafood Historical Market: Breakup by Source (USD Million), 2018-2023
4. United States Plant-based Seafood Market Forecast: Breakup by Source (USD Million), 2024-2032
5. United States Plant-based Seafood Historical Market: Breakup by Product Type (USD Million), 2018-2023
6. United States Plant-based Seafood Market Forecast: Breakup by Product Type (USD Million), 2024-2032
7. United States Plant-based Seafood Historical Market: Breakup by Distribution Channel (USD Million), 2018-2023
8. United States Plant-based Seafood Market Forecast: Breakup by Distribution Channel (USD Million), 2024-2032
9. United States Plant-based Seafood Historical Market: Breakup by Region (USD Million), 2018-2023
10. United States Plant-based Seafood Market Forecast: Breakup by Region (USD Million), 2024-2032
11. United States Plant-based Seafood Market Structure
The market is estimated to grow at a CAGR of 31.0% between 2024 and 2032.
The market is being driven by growing environmental consciousness and the rising use of peas and soy in plant-based seafood.
The key trends aiding the market expansion include the increasing shift towards veganism, growing health consciousness, and increasing spending on premium products.
The major regional markets are New England, Mideast, Great Lakes, Plains, Southeast, Southwest, Rocky Mountain, and Far West.
The major sources of plant-based seafood are soy, wheat, pea, canola, and lentil, among others.
The different product types considered in the market report are fish products, prawn and shrimp products, and crab products, among others.
The different distribution channels of the product are hypermarkets/supermarkets, convenience stores, and online channels, among others.
The major players in the market are Conagra Brands, Inc., Gathered Foods Corp., Atlantic Natural Foods, New Wave Foods, Inc., Ocean Hugger Foods, Inc., Fysh Foods, The Plant Based Seafood Co., Beleaf Corporation, WORTHINGTON, and MyJinka, among others.
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