The Alternative Seafood Market Size is predicted to grow with a 38.9% of CAGR during the forecast period for 2024-2031.
Alternative seafood refers to plant-based, fermentation-derived, or cultured alternatives to typical fish and shellfish items such tuna, salmon, and shrimp. These options provide a sustainable approach to address the increased demand for seafood protein while lessening the burden on aquatic ecosystems. Alternative seafood falls into three categories: plant-based proteins derived from soy, wheat, and pea; fermentation-enabled seafood that uses microbes to make proteins and fats; and cultivated seafood developed in bioreactors from the cells of popular fish and shellfish species. These alternatives seek to recreate the flavor, texture, and nutritional value of traditional seafood.
The alternative seafood market is motivated by concerns about sustainability, as over 85% of the world's fisheries are either fully exploited or overfished. These goods provide a scalable answer to seafood production by offering plant-based alternatives for sushi, sashimi, and fillets, fermentation-derived ingredients to boost protein and omega-3 content, and cultured fish for premium protein sources. They help meet consumer demand while dramatically reducing environmental effect and relieving pressure on world fisheries.
The alternative seafood market is segmented by product type, distribution channel, species. By product type the market is segmented into plant-based seafood, cell-cultured seafood, fermentation-derived seafood. By distribution channel market is categorized into supermarkets & hypermarkets, online retail, specialty stores, foodservice providers. By species market is categorized into tuna, salmon, shrimp, crab, others.
The plant-based seafood segment is driving the alternative seafood market due to several key factors such as modern consumer preferences and environmental concerns. Increasing consumer demand for health-conscious and sustainable options has led many, particularly in the U.S. and Asia, to shift towards plant-based diets. These products are healthier alternatives to traditional seafood, with lower levels of saturated fats, no cholesterol, and free from contaminants like mercury. Additionally, sustainability benefits of plant-based seafood, like reducing the strain on overfished oceans, are a big draw. It helps protect fish populations and supports healthier marine ecosystems, making it a popular choice for eco-conscious consumers. As consumers become more educated about the environmental impact of their food choices, many are opting for these sustainable, plant-based alternatives.
The online retail segment of the alternative seafood market is growing rapidly, driven by convenience, increased consumer awareness, and diverse product offerings. Online platforms allow consumers to shop from home and access a wide range of alternative seafood products, including those not available locally. As people become more health-conscious and environmentally aware, they actively seek sustainable options, and online retailers effectively highlight the health and sustainability benefits of plant-based seafood. Additionally, online stores offer a broader variety of products, enabling consumers to explore different brands and options that cater to diverse tastes and dietary preferences.
The Asia-Pacific region is poised to become a key player in the alternative seafood market, due to increased market presence, government assistance, and expanding consumer demand. While the United States now leads in this area, Asia is fast expanding thanks to large investments and legislative support from nations such as Singapore, Japan, Thailand, and China. Governments assist the region's strong talent pool and innovation drive by establishing favorable frameworks for plant-based, fermentation-derived, and cell-cultured seafood. With seafood being a staple in many Asian diets and growing consumer awareness in sustainable solutions, countries such as Singapore are already at the forefront of alternative seafood consumption.
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Report Attribute |
Specifications |
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Growth Rate CAGR |
CAGR of 38.9 % from 2024 to 2031 |
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Quantitative Units |
Representation of revenue in US$ Bn and CAGR from 2024 to 2031 |
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Historic Year |
2019 to 2023 |
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Forecast Year |
2024-2031 |
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Report Coverage |
The forecast of revenue, the position of the company, the competitive market structure, growth prospects, and trends |
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Segments Covered |
By Product Type, Distribution Channel, Species |
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Regional Scope |
North America; Europe; Asia Pacific; Latin America; Middle East & Africa |
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Country Scope |
U.S.; Canada; U.K.; Germany; China; India; Japan; Brazil; Mexico; The UK; France; Italy; Spain; China; Japan; India; South Korea; Southeast Asia; South Korea; Southeast Asia |
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Competitive Landscape |
Bluu Seafood, New Wave Foods, Wildtype, Finless Foods, Shiok Meats, Avant Meats, Ocean Hugger Foods |
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Customization Scope |
Free customization report with the procurement of the report, Modifications to the regional and segment scope. Geographic competitive landscape. |
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Pricing and Available Payment Methods |
Explore pricing alternatives that are customized to your particular study requirements. |
Chapter 1. Methodology and Scope
1.1. Research Methodology
1.2. Research Scope & Assumptions
Chapter 2. Executive Summary
Chapter 3. Global Alternative Seafood Market Snapshot
Chapter 4. Global Alternative Seafood Market Variables, Trends & Scope
4.1. Market Segmentation & Scope
4.2. Drivers
4.3. Challenges
4.4. Trends
4.5. Investment and Funding Analysis
4.6. Porter's Five Forces Analysis
4.7. Incremental Opportunity Analysis (US$ MN), 2024-2031
4.8. Global Alternative Seafood Market Penetration & Growth Prospect Mapping (US$ Mn), 2023-2031
4.9. Competitive Landscape & Market Share Analysis, By Key Player (2023)
4.10. Use/impact of AI on Alternative Seafood Industry Trends
Chapter 5. Alternative Seafood Market Segmentation 1: By Product Type, Estimates & Trend Analysis
5.1. Market Share by Product Type, 2023 & 2031
5.2. Market Size (Value US$ Mn) & Forecasts and Trend Analyses, 2019 to 2031 for the following Product Type:
5.2.1. Plant-Based Seafood
5.2.2. Cell-Cultured Seafood
5.2.3. Fermentation-Derived Seafood
Chapter 6. Alternative Seafood Market Segmentation 2: By Distribution Channel, Estimates & Trend Analysis
6.1. Market Share by Distribution Channel, 2023 & 2031
6.2. Market Size (Value US$ Mn) & Forecasts and Trend Analyses, 2019 to 2031 for the following Distribution Channels:
6.2.1. Supermarkets & Hypermarkets
6.2.2. Online Retail
6.2.3. Specialty Stores
6.2.4. Foodservice Providers
Chapter 7. Alternative Seafood Market Segmentation 3: By Species, Estimates & Trend Analysis
7.1. Market Share by Species, 2023 & 2031
7.2. Market Size (Value US$ Mn) & Forecasts and Trend Analyses, 2019 to 2031 for the following Speciess:
7.2.1. Tuna
7.2.2. Salmon
7.2.3. Shrimp
7.2.4. Crab
7.2.5. Others
Chapter 8. Alternative Seafood Market Segmentation 4: Regional Estimates & Trend Analysis
8.1. Global Alternative Seafood Market, Regional Snapshot 2023 & 2031
8.2. North America
8.2.1. North America Alternative Seafood Market Revenue (US$ Million) Estimates and Forecasts by Country, 2024-2031
8.2.1.1. US
8.2.1.2. Canada
8.2.2. North America Alternative Seafood Market Revenue (US$ Million) Estimates and Forecasts by Product Type, 2024-2031
8.2.3. North America Alternative Seafood Market Revenue (US$ Million) Estimates and Forecasts by Distribution Channel, 2024-2031
8.2.4. North America Alternative Seafood Market Revenue (US$ Million) Estimates and Forecasts by Species, 2024-2031
8.3. Europe
8.3.1. Europe Alternative Seafood Market Revenue (US$ Million) Estimates and Forecasts by Country, 2024-2031
8.3.1.1. Germany
8.3.1.2. U.K.
8.3.1.3. France
8.3.1.4. Italy
8.3.1.5. Spain
8.3.1.6. Rest of Europe
8.3.2. Europe Alternative Seafood Market Revenue (US$ Million) Estimates and Forecasts by Product Type, 2024-2031
8.3.3. Europe Alternative Seafood Market Revenue (US$ Million) Estimates and Forecasts by Distribution Channel, 2024-2031
8.3.4. Europe Alternative Seafood Market Revenue (US$ Million) Estimates and Forecasts by Species, 2024-2031
8.4. Asia Pacific
8.4.1. Asia Pacific Alternative Seafood Market Revenue (US$ Million) Estimates and Forecasts by Country, 2024-2031
8.4.1.1. India
8.4.1.2. China
8.4.1.3. Japan
8.4.1.4. Australia
8.4.1.5. South Korea
8.4.1.6. Hong Kong
8.4.1.7. Southeast Asia
8.4.1.8. Rest of Asia Pacific
8.4.2. Asia Pacific Alternative Seafood Market Revenue (US$ Million) Estimates and Forecasts by Product Type, 2024-2031
8.4.3. Asia Pacific Alternative Seafood Market Revenue (US$ Million) Estimates and Forecasts By Distribution Channel, 2024-2031
8.4.4. Asia Pacific Alternative Seafood Market Revenue (US$ Million) Estimates and Forecasts by Species, 2024-2031
8.5. Latin America
8.5.1. Latin America Alternative Seafood Market Revenue (US$ Million) Estimates and Forecasts by Country, 2024-2031
8.5.1.1. Brazil
8.5.1.2. Mexico
8.5.1.3. Rest of Latin America
8.5.2. Latin America Alternative Seafood Market Revenue (US$ Million) Estimates and Forecasts by Product Type, 2024-2031
8.5.3. Latin America Alternative Seafood Market Revenue (US$ Million) Estimates and Forecasts by Distribution Channel, 2024-2031
8.5.4. Latin America Alternative Seafood Market Revenue (US$ Million) Estimates and Forecasts by Species, 2024-2031
8.6. Middle East & Africa
8.6.1. Middle East & Africa Alternative Seafood Market Revenue (US$ Million) Estimates and Forecasts by country, 2024-2031
8.6.1.1. GCC Countries
8.6.1.2. Israel
8.6.1.3. South Africa
8.6.1.4. Rest of Middle East and Africa
8.6.2. Middle East & Africa Alternative Seafood Market Revenue (US$ Million) Estimates and Forecasts by Product Type, 2024-2031
8.6.3. Middle East & Africa Alternative Seafood Market Revenue (US$ Million) Estimates and Forecasts by Distribution Channel, 2024-2031
8.6.4. Middle East & Africa Alternative Seafood Market Revenue (US$ Million) Estimates and Forecasts by Species, 2024-2031
Chapter 9. Competitive Landscape
9.1. Major Mergers and Acquisitions/Strategic Alliances
9.2. Company Profiles
9.2.1. Bluu Seafood
9.2.1.1. Business Overview
9.2.1.2. Key Product/Service Offerings
9.2.1.3. Financial Performance
9.2.1.4. Geographical Presence
9.2.1.5. Recent Developments with Business Strategy
9.2.2. New Wave Foods
9.2.3. Wildtype
9.2.4. Finless Foods
9.2.5. Shiok Meats
9.2.6. Avant Meats
9.2.7. Ocean Hugger Foods
9.2.8. Other Prominent Players
Alternative Seafood Market by Product Type -
Alternative Seafood Market by Distribution Channel -
Alternative Seafood Market by Species -
Alternative Seafood Market by Region-
North America-
Europe-
Asia-Pacific-
Latin America-
Middle East & Africa-
InsightAce Analytic follows a standard and comprehensive market research methodology focused on offering the most accurate and precise market insights. The methods followed for all our market research studies include three significant steps – primary research, secondary research, and data modeling and analysis - to derive the current market size and forecast it over the forecast period. In this study, these three steps were used iteratively to generate valid data points (minimum deviation), which were cross-validated through multiple approaches mentioned below in the data modeling section.
Through secondary research methods, information on the market under study, its peer, and the parent market was collected. This information was then entered into data models. The resulted data points and insights were then validated by primary participants.
Based on additional insights from these primary participants, more directional efforts were put into doing secondary research and optimize data models. This process was repeated till all data models used in the study produced similar results (with minimum deviation). This way, this iterative process was able to generate the most accurate market numbers and qualitative insights.
Secondary research
The secondary research sources that are typically mentioned to include, but are not limited to:
The paid sources for secondary research like Factiva, OneSource, Hoovers, and Statista
Primary Research:
Primary research involves telephonic interviews, e-mail interactions, as well as face-to-face interviews for each market, category, segment, and subsegment across geographies
The contributors who typically take part in such a course include, but are not limited to:
Data Modeling and Analysis:
In the iterative process (mentioned above), data models received inputs from primary as well as secondary sources. But analysts working on these models were the key. They used their extensive knowledge and experience about industry and topic to make changes and fine-tuning these models as per the product/service under study.
The standard data models used while studying this market were the top-down and bottom-up approaches and the company shares analysis model. However, other methods were also used along with these – which were specific to the industry and product/service under study.
