Plant-Based Fish Market Analysis Research Report 2032

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Plant-Based Fish Market Size to Cross USD 1.3 Bn
by 2032
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Overview of Plant-Based Fish Market

• The plant-based fish market valuation is poised
  to be worth USD 1.3 billion by 2030, as reported
  in a research study by Global Market Insights
  Inc.
• With concerns about overfishing and environmental
  impact becoming more urgent, plant-based fish
  products have emerged as a sustainable and
  ethical alternative to traditional seafood.
• Consumers are becoming increasingly aware of the
  environmental implications of their dietary
  choices, leading to a significant increase in
  demand for plant-based alternatives to fish.
  Abandoned, lost, or discarded fishing gear is one
  of the most hazardous forms of marine plastic
  waste. According to the WUN Global Research
  Group, close to 640 thousand tons of fishing
  equipment get dumped into the ocean each year.
  Rising awareness of these environmental impacts
  of traditional fishing practices, concerns about
  overfishing and depletion of fish stocks, and
  rising demand for sustainable and ethical food
  choices will thus expedite market expansion.

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• The plant-based fish market from the burger patty
  product segment is set to witness robust growth
  from 2023 to 2032. Plant-based burger patties
  made with ingredients like soy, peas, and algae
  are now widely available and have gained favor
  among consumers seeking a convenient and
  satisfying alternative to traditional fish-based
  burgers.
• Manufacturers are also focusing on improving the
  taste and texture of their plant-based fish
  offerings to cater to the diverse preferences of
  consumers. Innovations in formulation and
  manufacturing processes have enabled companies to
  create products that mimic the taste, texture,
  and nutritional profile of traditional fish
  patties. Shifting preference toward sustainable
  alternatives will augment the market demand over
  the forecast period.
• Plant-based fish market share from the online
  retail segment will record significant
  remuneration by 2032. E-commerce platforms have
  made it easier for consumers to access a wide
  range of plant-based fish products, regardless of
  their location. The convenience and accessibility
  offered by online retailers help expand the
  availability of fish alternatives to a larger
  consumer base.

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• North America plant-based fish market is set to
  increase at a commendable rate through 2032,
  driven by factors such as widespread awareness of
  the benefits of plant-based diets, a strong
  presence of market players, and favorable
  regulatory environments. The United States has
  witnessed a surge in demand for plant-based fish
  products, with many consumers seeking to
  incorporate more sustainable and healthy options
  into their diets.
• Notable participants in the Plant-Based Fish
  market include Beyond Meat, Inc., Archer Daniels
  Midland Company, Kelloggs, Impossible Foods,
  Aspire Food Groups, Aleph Farms, CHS Inc,
  Vestkrom, Glanbia PLC, Nestle SA, Gushen
  Biotechnology Ltd.

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