Global Vegan Tuna Market Research Report 2022

Increasing public awareness about the health consequences of consuming animal products as well as ethical issues surrounding animal agriculture is gradually leading to an increase in mainstream popularity of veganism which is driving the market growth in the forecasted period. The leaders in the market are launching unique products to satisfy the demands of consumers around the world. These products are similar to canned tuna in taste and texture while combining ingredients that offer an overload of health benefits. Vegan tuna contains a lot of fiber, which is useful for improving digestion and preventing obesity and cardiovascular disease. . The Industry is working on developing a texture that is flaky and has a fishy flavor without overwhelming the senses. As a result of consumer preferences changing more and more restaurants and major food chains are offering vegan foods to their customers. As soy and peas are the prime sources of vegan tuna and they are rich in protein and also give the texture of tuna. A soy allergy can cause hyperactivity of the immune system and even lead to anaphylaxis. An increasing number of people are allergic to soy and peas, which is hindering the market growth of the Industry and making it more challenging for manufacturers to manufacture allergen-free vegan tuna. Due to an increase in diseases related to birds and swine, the use of vegan tuna has increased in recent years. A decline in the demand for non-vegetarian meals and consistently a rise in the demand for vegan products have been shown. By attracting consumers' attention to the vegan tuna market and using the market budget to leverage this opportunity, vegan tuna manufacturers may be able to take advantage of this opportunity in the forecasted period. Consumers' interest in the vegan product is driving the market growth and manufacturers have to maintain high nutritional values without compromising the taste or texture. Determining proper salt and sugar proportions for vegan tunas, considering several health concerns, which is a challenge for manufacturers and high prices of the product will further limit the market growth.
Due to the COVID-19 pandemic, the global Vegan Tuna market size is estimated to be worth US$ million in 2021 and is forecast to a readjusted size of US$ million by 2028 with a CAGR of % during the forecast period 2022-2028. Fully considering the economic change by this health crisis, the Europe Vegan Tuna market is estimated at US$ million in 2022, while the United States and China are forecast to reach US$ million and US$ million by 2028, respectively. The proportion of the United States is % in 2022, while Chinese percentage is %, and it is predicted that China market share will reach % in 2028, trailing a CAGR of % through the analysis period. As for the Europe Vegan Tuna landscape, Germany is projected to reach US$ million by 2028. and in Asia, the notable markets are Japan and South Korea, CAGR is % and % respectively for the next 6-year period.
Soy-Based Protein accounting for % of the Vegan Tuna global market in 2021, is projected to value US$ million by 2028, growing at a revised % CAGR from 2022 to 2028. While Online Sales segment is altered to an % CAGR throughout this forecast period and will hold a share about % in 2028.
The global major manufacturers of Vegan Tuna include Good Catch, Ocean Hugger Foods, Sophie's Kitchen, New Wave Foods, Gardein, Beyond Meat, Prime Roots, Atlantic Natural Foods and Nestlé S.A and etc. In terms of revenue, the global 3 largest players have a % market share of Vegan Tuna in 2021.
This report focuses on Vegan Tuna volume and value at the global level, regional level, and company level. From a global perspective, this report represents overall Vegan Tuna market size by analysing historical data and future prospect. Regionally, this report focuses on several key regions: North America, Europe, China and Japan, etc.
Global Vegan Tuna Market: Segment Analysis
The research report includes specific segments by region (country), by company, by Type and by Application. This study provides information about the sales and revenue during the historic and forecasted period of 2017 to 2028. Understanding the segments helps in identifying the importance of different factors that aid the market growth.
Segment by Type
Soy-Based Protein
Wheat-Based Protein
Pea-Based Protein
Potato-Based Protein
Rice-Based Protein
Others
Segment by Application
Online Sales
Offline Sales
By Region
North America
United States
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
China Taiwan
Indonesia
Thailand
Malaysia
Latin America
Mexico
Brazil
Argentina
Middle East & Africa
Turkey
Saudi Arabia
UAE
By Company
Good Catch
Ocean Hugger Foods
Sophie's Kitchen
New Wave Foods
Gardein
Beyond Meat
Prime Roots
Atlantic Natural Foods
Nestlé S.A
Avant Meats