Home > Food & Beverages > Processed Food > Convenience Foods > Plant-Based Fish Market
Plant-Based Fish Market Size
- Report ID: GMI5658
- Published Date: May 2023
- Report Format: PDF
Plant-Based Fish Market Size
Plant-Based Fish Market size was valued at over USD 800 million in 2022 and is projected to progress at a 5.5% CAGR from 2023 to 2032.
The growing use of plants based ingredients for various beverages is fueling the market growth. Moreover, favorable regulations and guidelines for the use of plant-based protein are boosting product adoption. For instance, the Food Safety and Standards Authority of India (FSSAI) issued vegan food regulations under sub-section (1) of Section 92 of the Food Safety and Standards Act, 2006, setting out the requirements that plant-based products must cater to and how they can be labeled.
| Report Attribute | Details |
|---|---|
| Base Year: | 2022 |
| Plant-Based Fish Market Size in 2022: | USD 800 Million |
| Forecast Period: | 2023-2032 |
| Forecast Period 2023-2032 CAGR: | 5.5% |
| 2032 Value Projection: | USD 1.36 Billion |
| Historical Data for: | 2018-2032 |
| No. of Pages: | 300 |
| Tables, Charts & Figures: | 258 |
| Segments covered: | Product, Source, Distribution Channel |
| Growth Drivers: |
|
| Pitfalls & Challenges: |
|
High prices of products will negatively impact the plant-based fish market outlook. As a result of the lack of infrastructure, high manufacturing costs and increased subsidies on animal products have increased the overall product prices, which are likely to restrain product adoption. Nonetheless, supportive efforts by celebrities in plant-based start-ups will be beneficial for the industry landscape.
Frequently Asked Questions (FAQ) :
Plant-Based Fish Market Scope
