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Plant-based Tuna Market Size

  • Report ID: GMI6387
  • Published Date: Aug 2023
  • Report Format: PDF

Plant-based Tuna Market Size

Plant-based Tuna Market size was valued at USD 270 million in 2022 and is estimated to witness 15.6% CAGR from 2023 to 2032. Increasing awareness of health and wellness among consumers has led to a growing interest in plant-based diets. Many consumers are seeking healthier alternatives to animal-based products, including tuna, to reduce their intake of saturated fats, cholesterol, and mercury. The availability of plant-based tuna products in mainstream retail and foodservice channels has made them more accessible to consumers, driving higher demand.

 

Advances in food technology and innovation have led to the development of plant-based tuna products that closely mimic the taste, texture, and appearance of real tuna. Improved taste and texture are driving consumer acceptance and adoption.

 

Sourcing high-quality plant-based ingredients and ensuring a consistent supply chain can be challenging. Dependence on specific raw materials can lead to supply shortages and affect product availability. Plant-based tuna products can sometimes be more expensive to produce than their animal-based counterparts, leading to higher retail prices. One of the primary challenges is to develop plant-based tuna products that closely replicate the taste, texture, and appearance of real tuna.

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

The market size of plant-based tuna recorded USD 270 million in 2022 and may record USD 1.15 billion by 2032 owing to the surging awareness of health and wellness among consumers and the growing demand for plant-based diets.

Soy-based tuna market was valued at USD 72.3 million in 2022 and will witness expansion through 2032, due to the rising need for good sources of protein.

The canned application segment held 40% of the market share in 2022 and is expected to grow at lucrative pace by 2032, owing to growing popularity of on-the-go meals, picnics, and lunches.

Demand for plant-based tuna in the U.S. reached USD 73.6 million in 2022, driven by the rising health awareness and growing interest in plant-based diets.

Plant-based Tuna Market Scope

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Premium Report Details

  • Base Year: 2022
  • Companies covered: 15
  • Tables & Figures: 356
  • Countries covered: 21
  • Pages: 250
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