Global Plant-Based Seafood Market to Reach USD 990.8 Million by 2033, with North America Leading at 38.4% Market Share in 2024

Global Plant-based Seafood Market Statistics, Outlook and Regional Analysis 2025-2033

The global plant-based seafood market size was valued at USD 105.7 Million in 2024, and it is expected to reach USD 990.8 Million by 2033, exhibiting a growth rate (CAGR) of 28.03% from 2025 to 2033.

The growing demand for sustainable and healthier food alternatives is accelerating the plant-based seafood market growth. This rising shift is fueled by the growing awareness about the environmental impact of conventional seafood production, including overfishing and habitat destruction. Besides this, key players in the market are introducing innovative products enriched with nutrients like omega-3 fatty acids and proteins to cater to consumer preferences. For instance, French seafood brand Petit Navire, collaborated with ALGAMA Foods in October 2024, and launched Cap Vegetal, a plant-based seafood range featuring canned marinated fish alternatives and ready-to-eat salads. These products are available at Carrefour, leverage algae oil and sea lettuce to provide a rich source of omega-3 and plant-based protein, which is emphasizing health and sustainability.

At the same time, advancements in technology and strategic investments are encouraging innovation in this market. For instance, Big Idea Ventures introduced Bayou Best Foods in July 2024, which is specialized in plant-based shrimp, to address sustainability and health concerns. The company aims to replicate the taste and texture of shrimp, thereby targeting the rapidly expanding global shrimp industry. Apart from this, in May 2024, BLUU Seafood opened a pilot plant in Hamburg, Germany, to advance cell-cultivated seafood development, which is reflecting the rising trend of precision fermentation and lab-grown alternatives. Additionally, the Plant-Based Seafood Co. partnered with Wegmans and expanded its distribution network by bringing their plant-based crab cakes and scallops to a wider U.S. market, thereby highlighting the growing consumer acceptance of alternative seafood products. Furthermore, these developments, coupled with the increasing R&D investments and partnerships, are creating significant opportunities for the market.

Global Plant-based Seafood Market Statistics, By Region

The market research report has also provided a comprehensive analysis of all the major regional markets, which include North America (the United States and Canada); Europe (the United Kingdom, Germany, Netherlands, France, and others); Asia-Pacific (China, Japan, Singapore, and others); Latin America (Brazil, Mexico, and others); and the Middle East and Africa (South Africa, UAE, and others). According to the report, North America dominates the market due to the rising consumer awareness about sustainable food choices, the increasing vegan and flexitarian diets, and advancements in food technology.

North America Plant-based Seafood Market Trends:

North America is a leading region in the market, driven by enhanced distribution channels and strong presence of innovative startups. For instance, in May 2024, AQUA Cultured Foods introduced plant-based tuna, scallops, and shrimp at Chicago’s Bambola restaurant. Such initiatives cater to the growing demand for realistic seafood alternatives that address environmental concerns and health preferences. Besides this, the region’s supportive regulatory environment and investments in research activities ensure continued innovation, which further positioned North America as a leading region.

Europe Plant-based Seafood Market Trends:

In Europe, the market is growing because of the rising demand for sustainable food options. In addition, countries like Germany are promoting vegan alternatives as consumers prioritize reducing their environmental impact. For instance, algae-based tuna by companies, such as Hooked, targeting eco-conscious buyers. Also, retailers across Europe are expanding plant-based seafood aisles, which is making these products widely accessible. This shift aligns with Europe's emphasis on greener food systems.

Asia-Pacific Plant-based Seafood Market Trends:

In Asia-Pacific, nations like Japan lead the market with innovations in fish alternatives, which is reflecting a combination of modern health trends and traditional diets. In addition, products like plant-based sashimi by companies, such as Next Meats, highlight this development. Also, consumers seek sustainable alternatives to overfished species, thereby propelling growth.

Latin America Plant-Based Seafood Market Trends:

Latin America's plant-based seafood industry is expanding, as countries like Brazil emphasize sustainable consumption amid deforestation concerns. Moreover, companies are introducing alternatives like plant-based ceviche, which caters to local cuisines. Besides this, the rising vegan movement and improved access to these products in urban supermarkets drive adoption.

Middle East and Africa Plant-Based Seafood Market Trends:

In the Middle East and Africa, the market is gaining momentum, driven by countries like South Africa, where demand for ethical and sustainable food is rising. In addition to this, innovations include chickpea-based seafood alternatives tailored to local taste preferences. Furthermore, retail partnerships bring these products to mainstream markets, which is reflecting growing consumer interest in cruelty-free options. Also, cultural shifts toward plant-based eating amid the rising health concerns support this trend.

Top Companies Leading in the Plant-based Seafood Industry

Some of the leading plant-based seafood market companies include Ahimsa Foods, Atlantic Natural Foods, Bonsan, Ocean Hugger Foods, Good Catch Foods, Impossible Foods Inc., Sophie’s Kitchen Inc., New Wave Foods, Gardein, Quorn (Monde Nissin Corporation), Qishan Food Limited Company, SoFine Foods, Tofuna Fysh, and Vivera, among many others. In July 2024, Ahimsa Companies acquired Gathered Foods' production facility in Ohio to expand plant-based seafood production. This acquisition supports Ahimsa's strategy of vertical integration, enabling co-manufacturing and proprietary product development.

Global Plant-based Seafood Market Segmentation Coverage

• On the basis of the product type, the market has been bifurcated into fish products, prawn and shrimp products, and crab products, wherein fish products represent the most preferred segment. Fish is fundamental in many diets around the globe, making plant-based fish an alternative for those seeking to maintain familiar dietary patterns.
• Based on the distribution channel, the market is categorized into supermarkets and hypermarkets, convenience stores, online, and others, amongst which supermarkets and hypermarkets dominate the market. These retail formats provide widespread shelf space and a wide variety of products, thereby making it easier for consumers to find and purchase plant-based seafood options.

Browse IMARC Related Reports on Plant-based Seafood Market:

• United States Plant-based Seafood Market Report
   
• Europe Plant-based Seafood Market Report