Global Plant Based Seafood Alternative Market is estimated to be US$ 17.0Bn by 2030

COVINA, Calif. - March 5, 2021 - PRLog -- The Global Plant Based Seafood Alternative market accounted for US$ 1.72Bn in 2020 and is estimated to be US$ 17.0Bn by 2029 and is anticipated to register a CAGR of 26.0%. Plant based seafood is nothing new more as people are becoming more conscious about animal welfare and food sustainability. Plant Based Seafood is growing significantly due to the vegetarian or vegan consumers worldwide. For millions of people with seafood allergies these products can be included in their diet in replace of seafood's. This industry is making mainstream news worldwide related to both plant based and valuations of some companies involved it.

Key Highlights:

• In October 2020, The Good Food Institute and World Sustainability Organization (WSO) announced the joint certification programme for plant based seafood.
• In February 2021, The Plant Based Seafood Co. Launches its Award-Winning Mind Blown Vegan Seafood Into Retail.

Analyst View:

The Plant Based Seafood Alternative Market is rising due to high demand of vegan foods which can replace seafood's as consumers are becoming more food sustainable these days. Vegetarians have eggs and dairy products in their diet but no meat so therefore they can add plant based products in place of meat to complete their whole diet.

To know the upcoming trends and insights prevalent in this market, click the link below:

https://www.prophecymarketinsights.com/market_insight/global-plant-based-seafood-alternative-market%20-4652

Key Market Insights from the report:

The Global Plant Based Seafood Alternative market accounted for US$ 1.72 Bn in 2020 and is estimated to be US$ 17.0 Bn by 2029 and is anticipated to register a CAGR of 26.0%. The Global Plant Based Seafood Alternative market is segmented based on the product, technology, pathogen, end-users, and region.

• By  type, the Global Plant Based Seafood Alternative market is segmented into Textured Protein, Isolates, Concentrates
• By Applications, the market is segmented in Food, feed and others.
• By Source, the Global Plant Based Seafood Alternative market is segmented into Wheat, Soy, Pea, Potato, Canola, Oats, Others
• By Form, the target market is segmented into liquid and dry.

Competitive Landscape:

The key players operating in the Global Plant Based Seafood Alternative market include DuPont, Nestle, New Wave Foods, Ocean Hugger Food, Unilever, Ocean's Halo, Good Catch, Sophie's Kitchen and other players are present in the market.

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