Europe Plant-based Seafood Market Value, Key Players and Opportunity 2022-2027
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. Plant-based seafood items are rich in proteins and omega-3 and do not contain mercury, microplastics, and a fishy smell. They improve the absorption of nutrients, reduce the risk of heavy metal toxicity in the body, and prove to be a suitable alternative for individuals who suffer from seafood allergies. As a result, plant-based seafood products are in extensive demand among consumers across Europe.
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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.
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Note: 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.
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.
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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.
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