Vegan tuna Market sales are predicted to reach USD 426.8 million in 2032, according to a new FMI estimate, with a CAGR of roughly 4.3 percent through the end of 2032. The Biomagnification technique worries both nutritionists and seafood purchasers. Cancer, kidney disease, liver disease, respiratory issues, and other cardiac disorders are all increased by it. As a result, customers are expressing interest in utilizing fish replacements to help them cope with the situation.
The seafood craze among customers would boost sales of vegan fish alternatives during the forecasted timeframe. The global plant-based fish market will increase at a 16.4 percent compound annual growth rate (CAGR) between 2022 and 2032, according to Future Market Insights (FMI).
PETA and other animal rights organizations assist in raising awareness about plant-based fish products, which is crucial for customer recruitment. Through several efforts, consumers are being taught about the benefits of vegan products, animal cruelty, and the consequences of high meat and fish consumption, thereby promoting the vegan tuna industry.
Key Takeaways from the Vegan tuna Market Study:
- Gluten sensitivity is on the rise, prompting shoppers to seek out more gut-friendly alternatives like soy-based proteins.
- With about half of all English consumers transitioning to vegetarian diets, the UK is set to be the largest market.
- An fascinating aspect of the vegan tuna market is that around 2/5 of people in the United States are not vegan but have tried incorporating plant-based meals into their diets. The vegan tuna market in the United States is developing at a CAGR of 4.2 percent.
- In Europe, seafood allergies are on the rise, forcing an increasing number of customers to look into plant-based alternatives. The European vegan tuna market is expected to grow at a CAGR of 4.5 percent by 2032.
Who is winning?
Key players in the worldwide vegan tuna market are focusing on reaching a large consumer base through various tactics such as product developments, marketing, and promotional activity, distribution channel strengthening, and sustainable manufacturing.
Vegan ZeaStar’s tuna, Sophie’s Kitchen Plant-Based Toona, Good Catch Plant-Based Toona, Worthington Meatless Tuna, Loma Linda TUNO, May Wah Vegan Delicious Tuna, Cedarlane No Tuna Salad, Jinka Vegan Tuna Spread, Vegetarian Plus Vegan Tuna Roll, and others are among the leading companies that offer vegan tuna.
Get Valuable Insights into Vegan Tuna Market
FMI, in its new offering, provides an unbiased analysis of vegan tuna presenting historical demand data (2017-2022) and forecast statistics for the period from (2022-to 2032). The study divulges compelling insights on the demand for vegan tuna based on source (wheat, soy-based protein, seaweed, lentils, yeast, chickpeas, and others), application (salad, spread, pie, noodles, and others), distribution channel (convenience stores, supermarkets, specialty food stores, and online retail) across seven major regions.
