Market Overview:
The global plant based shrimp market is expected to grow at a CAGR of XX% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing awareness about the health benefits of consuming plant-based seafood and the rising demand for sustainable seafood products. The global plant based shrimp market is segmented on the basis of type, application, and region. On the basis of type, it is divided into seaweed-based, plant protein-based, and other types. Seaweed-based products are projected to lead this market during the forecast period owing to their high nutritional value and environmental sustainability. Plant protein-based products are anticipated to witness significant growth due their health benefits over traditional animal proteins. By application, food service sector dominates this market followed by retail sector.
Product Definition:
A plant-based shrimp is a seafood product made from plant proteins, such as soybeans, wheat gluten and rice flour. The product may be breaded and fried, or used in dishes such as gumbo.
Seaweed Based:
Seaweed is a rich source of vitamins, proteins and minerals. It has been used as food in various countries for thousands of years. In the last few decades, it has emerged as an important feedstock for aquaculture production worldwide due to its high content of essential nutrients such as nitrogenous and phosphorous.
Plant Protein Based:
Plant protein based shrimp is a product derived from the red vein plant. It contains amino acids and makes it an essential ingredient in the formulation of meat analogues. Plant-based shrimp is expected to gain popularity owing to increasing health consciousness among consumers, rising environmental concerns, and changing food consumption habits across the globe.
The global market for plant-based shrimp was valued at USD 14 million in 2016.
Application Insights:
The food service segment accounted for the largest revenue share of over 70% in 2017. The demand from this application is expected to witness a CAGR of XX% from 2018 to 2030 owing to rising health concerns among the aging population across the globe. Moreover, increasing disposable income levels coupled with growing urbanization has resulted in an increased number of restaurants and food joints, thereby boosting product sales.
Plant-based shrimp are increasingly being used as meat alternatives by major fast food chains such as McDonald¢â‚¬â„¢s and Taco Bell around the world due to their low cost nature, high protein content.
Regional Analysis:
Asia Pacific accounted for the largest revenue share in 2017 and is projected to expand at the fastest CAGR over the forecast period. The region has been witnessing increasing consumer awareness regarding seafood sustainability, which in turn is driving demand for plant-based shrimp across this region. Increasing health concerns among consumers are also expected to drive product demand over the forecast period.
The market in North America was valued at USD X million owing to high consumption of seafood as a part of diet by people from coastal areas including California, Florida, and New York as well as other southern states of U.S., thus positively influencing regional market growth over the forecast period (2018 - 2030).
Growth Factors:
- Increasing awareness about the health benefits of plant-based seafood products among consumers.
- Rising demand for sustainable and healthy food products among consumers.
- Growing popularity of plant-based diets among health-conscious consumers.
- Proliferation of vegan seafood brands and products in the market.
Scope Of The Report
Report Attributes
Report Details
Report Title
Plant Based Shrimp Market Research Report
By Type
Seaweed Based, Plant Protein Based, Other
By Application
Food Service, Retail
By Companies
New Wave Foods, Beyond Meat, Gathered Foods Corp, Maple Leaf Foods, Finless Foods, Ocean Hunger Foods, The Vegetarian Butche, Kraft Heinz, Moving Mountains Foods, Monde Nissin, New Wave Foods, Impossible Foods, Van Cleve Seafood, Good Catch, Tofurky
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
200
Number of Tables & Figures
140
Customization Available
Yes, the report can be customized as per your need.
Global Plant Based Shrimp Market Report Segments:
The global Plant Based Shrimp market is segmented on the basis of:
Types
Seaweed Based, Plant Protein Based, Other
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Food Service, Retail
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- New Wave Foods
- Beyond Meat
- Gathered Foods Corp
- Maple Leaf Foods
- Finless Foods
- Ocean Hunger Foods
- The Vegetarian Butche
- Kraft Heinz
- Moving Mountains Foods
- Monde Nissin
- New Wave Foods
- Impossible Foods
- Van Cleve Seafood
- Good Catch
- Tofurky
Highlights of The Plant Based Shrimp Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Seaweed Based
- Plant Protein Based
- Other
- By Application:
- Food Service
- Retail
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Plant Based Shrimp Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Plant-based shrimp is a type of seafood that is made from plant-based ingredients. These ingredients may include soy, wheat, corn, or other grains. They are often free of animal products and cholesterol.
Some of the major players in the plant based shrimp market are New Wave Foods, Beyond Meat, Gathered Foods Corp, Maple Leaf Foods, Finless Foods, Ocean Hunger Foods, The Vegetarian Butche, Kraft Heinz, Moving Mountains Foods, Monde Nissin, New Wave Foods, Impossible Foods, Van Cleve Seafood, Good Catch, Tofurky.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Plant Based Shrimp Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Plant Based Shrimp Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Plant Based Shrimp Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Plant Based Shrimp Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Plant Based Shrimp Market Size & Forecast, 2018-2028
4.5.1 Plant Based Shrimp Market Size and Y-o-Y Growth
4.5.2 Plant Based Shrimp Market Absolute $ Opportunity
Chapter 5 Global Plant Based Shrimp Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Plant Based Shrimp Market Size Forecast by Type
5.2.1 Seaweed Based
5.2.2 Plant Protein Based
5.2.3 Other
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Plant Based Shrimp Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Plant Based Shrimp Market Size Forecast by Applications
6.2.1 Food Service
6.2.2 Retail
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Plant Based Shrimp Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Plant Based Shrimp Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Plant Based Shrimp Analysis and Forecast
9.1 Introduction
9.2 North America Plant Based Shrimp Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Plant Based Shrimp Market Size Forecast by Type
9.6.1 Seaweed Based
9.6.2 Plant Protein Based
9.6.3 Other
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Plant Based Shrimp Market Size Forecast by Applications
9.10.1 Food Service
9.10.2 Retail
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Plant Based Shrimp Analysis and Forecast
10.1 Introduction
10.2 Europe Plant Based Shrimp Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Plant Based Shrimp Market Size Forecast by Type
10.6.1 Seaweed Based
10.6.2 Plant Protein Based
10.6.3 Other
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Plant Based Shrimp Market Size Forecast by Applications
10.10.1 Food Service
10.10.2 Retail
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Plant Based Shrimp Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Plant Based Shrimp Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Plant Based Shrimp Market Size Forecast by Type
11.6.1 Seaweed Based
11.6.2 Plant Protein Based
11.6.3 Other
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Plant Based Shrimp Market Size Forecast by Applications
11.10.1 Food Service
11.10.2 Retail
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Plant Based Shrimp Analysis and Forecast
12.1 Introduction
12.2 Latin America Plant Based Shrimp Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Plant Based Shrimp Market Size Forecast by Type
12.6.1 Seaweed Based
12.6.2 Plant Protein Based
12.6.3 Other
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Plant Based Shrimp Market Size Forecast by Applications
12.10.1 Food Service
12.10.2 Retail
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Plant Based Shrimp Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Plant Based Shrimp Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Plant Based Shrimp Market Size Forecast by Type
13.6.1 Seaweed Based
13.6.2 Plant Protein Based
13.6.3 Other
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Plant Based Shrimp Market Size Forecast by Applications
13.10.1 Food Service
13.10.2 Retail
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Plant Based Shrimp Market: Competitive Dashboard
14.2 Global Plant Based Shrimp Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 New Wave Foods
14.3.2 Beyond Meat
14.3.3 Gathered Foods Corp
14.3.4 Maple Leaf Foods
14.3.5 Finless Foods
14.3.6 Ocean Hunger Foods
14.3.7 The Vegetarian Butche
14.3.8 Kraft Heinz
14.3.9 Moving Mountains Foods
14.3.10 Monde Nissin
14.3.11 New Wave Foods
14.3.12 Impossible Foods
14.3.13 Van Cleve Seafood
14.3.14 Good Catch
14.3.15 Tofurky
