Global Plant Based Seafood Alternative Market is estimated to be US$ 17.0Bn by 2030 with a CAGR of 2

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.

The report "Global Plant Based Seafood Alternative Market, By Type (Textured Protein, Isolates, Concentrates), By Application (Food, Feed, Others), By Source (Wheat, Soy, Pea, Potato, Canola, Oats, Others), By Form(Liquid, Dry), By Region (North America, Europe, Asia Pacific, Latin America and Middle East & Africa) – Market Trends, Analysis, and Forecast Till 2029.

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.
In January 2021, New Wave Foods Company in U.S. which is offering plant based seafood is gearing up for for the new launch in the market after completing a round of funding.
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. This market is boosting significantly due to rising demand of vegan products in the market and company producing plant based products have no further chances of slowing down due to its risi

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