We regularly monitor the direct effect of COVID-19 on the market, as well as the indirect influence of related industries. These observations will be incorporated into the report.
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Global Plant Based Seafood Market Trends:
The global plant-based seafood market is primarily driven by the growing trend of veganism. Growing concerns for the protection of aquatic animals have also prompted individuals to replace seafood with plant-based alternatives in their diets. In addition to this, the increasing prevalence of chronic gastrointestinal disorders due to the presence of mercury and toxic pollutants in seafood is also encouraging consumers to turn to vegan alternatives. Several government agencies are also undertaking initiatives to promote the consumption of plant-based seafood products in order to conserve marine ecosystems. In addition, the growing preference for frozen, canned and ready-to-eat products due to rapid urbanization, fast-paced lifestyles and the inflation of disposable income of the masses is increasing the demand for seafood made from seafood. plants around the world. Due to these factors, the market is expected to experience robust growth during the forecast period (2021-2026).
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Key market segmentation:
Breakdown by product type:
- Fish products
- Shrimp and shrimp products
- Crab products
Based on the type of product, the market has been divided into fish, shrimp and shrimp, and crab products.
Breakdown by distribution channel:
- Supermarkets and hypermarkets
- Convenience Stores
- In line
Based on the distribution channel, the market has been categorized into supermarkets and hypermarkets, convenience stores, online and others.
Breakdown by region:
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
Regionally, the market has been segmented into North America (United States and Canada), Europe (United Kingdom, Germany, Netherlands, France and others), Asia-Pacific (China, Japan, Singapore, and others) , America (Brazil, Mexico and others), Middle East and Africa (South Africa, United Arab Emirates and others).
The competitive landscape of the market has been examined in the report with some of the major players being Ahimsa Foods, Atlantic Natural Foods, Bonsan, Ocean Hugger Foods, Good Catch Foods, Impossible Foods Inc., Sophie’s Kitchen Inc, New Wave Foods, Gardein, Quorn (World Nissin Corporation), Qishan Food Limited Company, SoFine Foods, Tofuna Fysh and Vivera.
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