Vegetarian fish market tied for growth at a compound annual growth rate of 5.8%

Dubai, United Arab Emirates, October 09, 2022 (GLOBE NEWSWIRE) – The net worth of the fast-growing company vegan fish market It is estimated at about $767 million in the current year 2022. According to a recent report by Future Market Insights, a market research firm and competitive intelligence provider, sales of vegetable fish are expected to reach $1.3 billion by 2032, rising at an annual growth rate. A compound of 5.8% over the decade.

With growing health concerns about excessive consumption of meat, consumers are turning to a variety of meat alternatives. This project primarily benefits from sales of plant-based fish products.

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According to the report, there has been an 114% increase in references to vegetarian foods and cooking worldwide in recent years, with 60% of vegetarians and 40% of vegans adopting this lifestyle in the past seven years. The future of plant-based foods is expected to remain very bright as a result of these promising trends, with a very positive impact on the demand for plant-based fish also expected.

Moreover, vegetarian fish products are usually sold at premium prices, which makes them out of reach for low to middle income consumers. Wide regulatory compliance as a result of obtaining multiple certifications often delays product launch, resulting in limited availability to consumers across regions.

The main takeaway from the market study

  • The market for plant-based fish products in the United States is expected to grow significantly in the coming years.
  • Nearly a quarter of all UK citizens cited concern for the environment as the main reason for switching to a vegetarian diet.
  • Burger patties are usually round, flat servings of fish and other vegetarian/non-vegetarian products.
  • Soy protein is naturally free of cholesterol and low in saturated fat, and is popular with people of all ages, including the elderly and those with cardiovascular disease.
  • As a result of changing lifestyles, supermarkets and supermarkets have become the most popular distribution channels among consumers.

The demand for plant protein supplements has soared in recent years. With an increasing number of consumers worldwide adopting a vegetarian lifestyle, the global plant-based fish market is expected to grow rapidly,” says one of the principal analysts at Future Market Insights.

Browse the detailed summary of the research report using the table of contents: https://www.futuremarketinsights.com/reports/plant-based-fish-market

Competitive scene

As competition intensifies, companies in the vegetable fish market are focusing on launching products to gain a competitive advantage. The presence of a large number of manufacturers in the global vegetable fish market makes the landscape highly competitive in nature. Major manufacturers are actively pursuing a variety of expansion strategies, such as new product launches, acquisitions, partnerships and other capacity expansion strategies.

  • Beyond Meat announced a three-year strategic global agreement with McDonald’s in January 2021.

Some of the major players in the vegetable fish market include Gardein of Conagra Brands, MorningStar Farms, Archer Daniels Midland Company, Symrise, Roquette Frères SA, Kellogg’s, Tyson Foods, Inc. and Sotexpro SA, Crown Soya Protein Group, Puris Proteins, LLC, Ingredion GmbH, Glanbia plc, Fuji Oil Co., Ltd.

Get more valuable insights

Future Market Insights, in its new offering, provides an unbiased analysis of vegetable fish while presenting historical demand data (2017-2021) and forecast statistics for the period 2022-2032.

Vegetable Fish Market by Category

By product type

  • burger patty
  • Slices
  • Crumbs and floors

by source

  • soy protein
  • wheat protein

By distribution channel

  • supermarket
  • Shops
  • Specialty Food Stores

by region

  • North Amarica
  • Latin america
  • Europe
  • Middle East and Africa
  • East Asia
  • South Asia
  • Oceania

Talk to our research expert: https://www.futuremarketinsights.com/ask-question/rep-gb-12756

content list

1. Executive Summary

1.1 Global Market Outlook

1.2 Demand-side trends

1.3 Supply-side trends

1.4 Technology roadmap analysis

1.5 Analysis and recommendations

2. Market Overview

2.1. Market Coverage / Rating

2.2. Market Definition / Scope / Limitations

3. Market background

3.1. market dynamics

3.1.1. drivers

3.1.2. limitations

3.1.3. Chance

3.1.4. trends

3.2 Scenario forecast

3.2.1. Demand in the optimistic scenario

3.2.2. Demand in a possible scenario

3.2.3. Demand in the conservative scenario

3.3 Product launches and recent developments

3.4. Product life cycle analysis

3.5 Value Chain Analysis

3.5.1. View the participants and their roles

3.5.1.1. producers

3.5.1.2. Intermediate level participants (traders/agents/brokers)

3.5.1.3. Wholesalers and distributors

3.5.2. % of operating margin analysis

3.5.3. Raw Material Supplier List

3.5.4. List of current and potential buyer

3.6 Global Vegetable Fish Market – Price Analysis

3.6.1. Price point evaluation by region

3.6.2. Price point evaluation by product type

3.6.3. Price forecasts until 2032

3.6.4. Factors affecting pricing

3.7 Predictive Factors – Relevancy and Impact

3.8 PESTEL AND PORTER ANALYSIS

3.9 Organizational landscape

3.9.1. Packaging and labeling systems

3.9.2. Certification and Authentication Agency Overview

3.9.3. Import/Export Policies

3.10. Regional Mother Market Outlook

3.11. Consumer Survey Analysis

3.12. Macroeconomic factors

3.13. Product claims and nutritional information scanned by buyers

4. Global Vegetable Fish Market Analysis and Forecast 2017-2021, 2022-2032

4.1 Historical Value of Market Size (Million USD) and Volume Analysis (Metric Tons), 2017-2021

4.2 Current and Future Market Size Value (Million USD) and Volume Forecast (MT), 2022-2032

4.2.1. Annual growth trend analysis

4.2.2. absolute chance analysis

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About the Food and Beverage Department of Future Market Insights

The Food and Beverage team at Future Market Insights provides all the insights and advisory analysis needed to meet the unique business intelligence needs of clients around the world. With a catalog of over 500 reports relating to the latest stats and analysis from the food and beverage industry, the team is happy to assist with every business intelligence research and consulting requirement.

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