Fish and Seafood
The Future Is Tasty (And Fair!): The Great Wave of Plant-Based Fish and Seafood Is Coming
How the plant-based seafood sector went from a neglected underdog to reaching triple-digit growth
Our freshest update on plant-based seafood is here.
The value of the market has experienced meteoric growth since we published our previous edition: The plant-based seafood market is expected to increase at a 5.8% CAGR from 2023 to 2033, from $804.6 million in 2023 to $1.2 billion by 2033, according to Future Market Insights.
Furthermore, according to GFI, just in 2022, plant-based seafood achieved €43 million in sales, a significant increase from the €10 million sales in 2020.
Market growth has resulted in the attraction of new investments in this industry, leading to a significant increase in the number of companies involved in this sector: in our previous edition, there were only 50 alternative seafood brands globally. Today in 2023, there are around 200 alternative seafood brands. It’s never been a better time to jump into the alternative seafood market.
So, what will you find in this update?
- Renewed market numbers, containing the most recent numbers on value, sales, and market projection.
- Addition of investments made within the plant-based seafood industry and top investors.
- Updated consumer insights featuring taste and texture demands, environmental and health concerns, and plant-based seafood perception.
- Addition of new relevant brands in the industry
Get our latest updated whitepaper on plant-based seafood down below!
About V-Label
Across the globe, more than 50,000 products from more than 4,300 licensees now carry V-Label. V-Label, established in Switzerland in 1996, is an internationally recognized, registered seal for labeling vegan and vegetarian products and services. It is a reliable, go-to shopping guide for consumers.