Vegan Tuna Market Scope
People are looking for plant-based substitutes for animal goods as veganism gains popularity. An alternative to tuna that is vegan is one of the most sought-after products. Vegan tuna is produced by a few distinct businesses, each of which has a unique recipe. Vegan tuna has a flavor that some people enjoy while others find to be overly fishy. Vegan tuna is a meat-free alternative to tuna. Although the texture of this recipe is not very similar to ordinary tuna and it doesn't include any real tuna at all, it does have a similar flavor and is quite tasty. Additionally, because chickpeas are used in the preparation, it is high in protein, very healthful, and low in fat.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
Key Companies Profiled | Good Catch (United States), Ocean Hugger Foods, Inc. (United States), Sophie's Kitchen (United States), Nestlé S.A (Switzerland), New Wave Foods (United States), Gardein (United States), Solina (France) and Prime Roots (United States) |
CAGR | % |
The market for Vegan Tuna is highly competitive with several global as well as local players in the market. The global players are trying various strategies such as product innovation and using various marketing strategies to gain a higher market share. Research Analyst at AMA estimates that United States Vendors will contribute to the maximum growth of Global Vegan Tuna market throughout the predicted period.
Good Catch (United States), Ocean Hugger Foods, Inc. (United States), Sophie's Kitchen (United States), Nestlé S.A (Switzerland), New Wave Foods (United States), Gardein (United States), Solina (France) and Prime Roots (United States) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research are Avant Meats (China) and Atlantic Natural Foods (United States).
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.
Segmentation Overview
The study have segmented the market of Global Vegan Tuna market by Type , by Application (Household and Commercial) and Region with country level break-up.
On the basis of geography, the market of Vegan Tuna has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
region held largest market share in the year 2022.
On 20 August 2020, Nestlé announced the launch of a plant-based alternative to tuna, its first move into the growing market for plant-based seafood alternatives. The plant-based tuna alternative can be used in a wide range of dishes such as salads, sandwiches and pizzas. It has the flaky texture and rich flavor that makes tuna a favorite in many meals.
Influencing Trend:
Rise In The Demand For Vegan Products Across The Global
Market Growth Drivers:
Changing Lifestyles Increasing Demand For Ready To Cook Food and High Demand For Vegan Tuna Due To Various Health Benefits
Challenges:
Storage And Exportation Of Vegan Tuna and Intense Competition Among Players
Restraints:
Increasing Number Of People Are Allergic To Soy And Peas, and Presence Of Alternative Product At Low Price In Market
Opportunities:
Increasing Public Awareness About The Health Consequences Of Consuming Animal Products and Growing The Sales Of Vegan Tuna Online Platform
Key Target Audience
New Entrants and Investors, Venture Capitalists, Government Bodies, Corporate Entities, Government and Private Research Organizations and Others