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Plant-based Tuna Market Trends

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

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Plant-based Tuna Market Trends

Manufacturers were investing in research and development to create plant-based tuna products that closely mimic the taste, texture, and appearance of real tuna. Advances in food technology and ingredient formulations were leading to improved taste and texture, enhancing consumer acceptance and adoption. The variety of plant-based tuna products was increasing, with companies offering an array of formats such as canned, pouches, frozen, and ready-to-eat options. This diversification aimed to cater to different consumer preferences and usage occasions.

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.