United States Plant-Based Seafood Market to Reach US$ 189.0 Million by 2032, Stimulated by Rising Adoption of Vegan Lifestyle Habits

August 18, 2023 | Food & Beverages

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According to the latest report by IMARC Group, titled “United States Plant-based Seafood Market Report by Product Type (Fish Products, Prawn & Shrimp Products, Crab Products), Distribution Channel (Supermarkets and Hypermarkets, Convenience Stores, Online, and Others), and Region 2024-2032,” the United States plant-based seafood market size reached US$ 26.7 Million in 2023. Plant-based seafood refers to a category of food products that imitate the taste, texture, and appearance of traditional seafood derived from marine animals. It is made from various plant-based ingredients, such as algae, seaweed, legumes, soy, and other vegetable proteins and has a lower carbon footprint compared to animal-based seafood. Plant-based seafood offers a more sustainable alternative that reduces the strain on oceans and helps protect marine biodiversity. It can be used to prepare dishes, such as fish tacos, sushi, fish sticks, shrimp scampi, and crab cakes. Furthermore, as it requires fewer resources and generates limited greenhouse gas emissions, contributing to a more environmentally friendly food system, the demand for plant-based seafood is increasing in the United States.

United States Plant-Based Seafood Market Trends:

At present, the increasing demand for plant-based seafood as it is sustainable, easily available, and offers adequate amounts of proteins represents one of the crucial factors impelling the growth of the market in the United States. Besides this, the rising adoption of a vegan lifestyle among the masses to prevent animal cruelty and live sustainably is supporting the growth of the market. In addition, the growing awareness about the beneficial aspects of consuming omega-3 fatty acids is contributing to the growth of the market in the United States. Apart from this, the growing health consciousness among the masses to prevent the occurrence of various chronic ailments is offering a favorable market outlook. Additionally, the rising popularity of plant-based seafood, as they are allergen friendly and suitable for consumption by people with seafood allergies, is strengthening the growth of the market in the United States. Looking forward, the market value is projected to reach US$ 189.0 Million by 2032, expanding at a CAGR of 23.6% during 2024-2032.

Market Summary:

Based on the product type, the market has been segmented into fish products, prawn and shrimp products, and crab products. Fish products currently dominate the market, holding the largest share.
On the basis of the distribution channel, the market has been divided into supermarkets and hypermarkets, convenience stores, online, and others. Presently, supermarkets and hypermarkets dominate the market, holding the largest share.
Region-wise, the market has been segmented into Northeast, Midwest, South, and West.
The competitive landscape of the market has also been examined, with some of the key players.

Report Scope:

Report Features	Details
Base Year of the Analysis	2023
Historical Period	2018-2023
Forecast Period	2024-2032
Units	US$ Million
Segment Coverage	Product Type, Distribution Channel, Region
Region Covered	Northeast, Midwest, South, West
Customization Scope	10% Free Customization
Report Price and Purchase Option	Single User License: US$ 3699 Five User License: US$ 4699 Corporate License: US$ 5699
Post-Sale Analyst Support	10-12 Weeks
Delivery Format	PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

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United States Plant-Based Seafood Market to Reach US$ 189.0 Million by 2032, Stimulated by Rising Adoption of Vegan Lifestyle Habits

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