Global Plant-based Tuna Market is valued approximately at USD XXX million in 2019 and is anticipated to grow with a healthy growth rate of more than XX% over the forecast period 2020-2027. Although the plant-based seafood industry lags the fake meat perhaps because fish itself is already considered a healthy alternative to red meat but growing concerns about healthy lifestyle has led to people switching to vegan lifestyle from a meat-based diet. Many restaurants, fast food joints, and casual dining places are allotting a section of their menu only to “meat-free” options due to the increasing popularity of vegan and flexitarian diets, along with this, rising awareness about animal rights which, in turn, is projected to drive the segment growth. As of November 2018, Atlantic Natural Foods launched its plant-based tuna alternative, named Tuno, made with a variety of plant-based ingredients. after which, Nestle SA, launched Plant-based Tuna in August 2020, containing six plant-based ingredients, with pea protein being the key ingredient. It has also added fake tuna' to its portfolio of plant-proteins. However, the market faces barriers owing to the higher price of the product and it is quite challenging to maintain the nutritional value, sugar and salt content without altering the taste and texture.
The regional analysis of global Plant-based Tuna market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America, and Rest of the World. North America is the leading/significant region across the world in terms of market share owing to the increasing consumer behavioral change by adaptation of high nutritional products by athletes, bodybuilders, and recovering patients is driving the growth of the region. Whereas Asia-Pacific is also anticipated to exhibit highest growth rate / CAGR over the forecast period 2020-2027. Factors such as rapidly increasing weight-conscious category and rising concerns about the environment would create lucrative growth prospects for the Plant-based Tuna market across Asia-Pacific region.
Major market player included in this report are:
Impossible Foods Inc.
Maple Leaf Foods (Field Roast & Maple Leaf)
Conagra, Inc. (Gardein Protein International)
Kellogg NA Co. (MorningStar Farms)
Amy’s Kitchen, Inc.
Gold&Green Foods Ltd.
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players.
The detailed segments and sub-segment of the market are explained below:
Fava-Bean Based Protein
Rest of the World
Furthermore, years considered for the study are as follows:
Historical year – 2017, 2018
Base year – 2019
Forecast period – 2020 to 2027
Target Audience of the Global Plant-based Tuna Market in Market Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Value-Added Resellers (VARs)
Third-party knowledge providers