Report: Plant-based Seafood Market to Grow from $42 Million in 2021 to $1.3 Billion by 2031

A new report predicts that the vegan seafood market will grow from its modest value in 2021 to become a billion dollar market by 2031.

Gardein F’sh Filets.

The Plant-based Seafood Market Report was conducted and released by Allied Market Research. It found that the global plant-based seafood industry generated $42.1 million in 2021, and is anticipated to generate $1.3 billion by 2031. This would represent a jaw-dropping compound annual growth rate of 42.3%. 

“The depletion of natural ocean resources, rise in global population, increase in pressure on the global food supply chain, surge in the prevalence of zoonotic diseases among humans, rise in vegan population, and increase in awareness regarding animal welfare and animal cruelty in farms drive the growth of the global plant-based seafood market”, states the report. “However, high prices of plant-based seafood and inability of plant-based seafood to mimic original seafood taste restrict the market growth. Moreover, technological advancements and new product launches present new opportunities in the coming years.”
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Study: Plant-Based Diet Has “More Favorable Nutrient Composition for Cardiovascular Health” Than Omnivore Diet

A study published in the recent issue of the peer-reviewed journal Nutrients “concluded that a plant-based diet had a more favorable nutrient composition for cardiovascular health than the omnivorous dietary pattern of the control group.”

In addition to being published in the journal Nutrients, the study was epublished by the National Institute of Health. It was conducted by researchers at Immanuel Hospital Berlin, the University of Freiburg and Charité-Universitätsmedizin Berlin. It’s titled Does a Plant-Based Diet Stand Out for Its Favorable Composition for Heart Health? Dietary Intake Data from a Randomized Controlled Trial.

“A plant-based diet (PBD) can provide numerous health benefits for patients with cardiovascular risk factors”, states the study. “However, an inadequately planned PBD also bear the potential for deficiencies in certain macro- and micronutrients.”

The present study “analyzed nutrient profiles of individuals who adopted a PBD as part of the CardioVeg study.”
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TIME Magazine Names Beyond Steak as Top Food Innovation of 2022

TIME has released their list of the Best Inventions 2022, and three vegan products made the list.

TIME’s list of the Best Inventions of 2022 includes 26 different categories. One of those categories is Food & Drink. Out of the nine inventions listed, three are plant-based meat products, with Beyond Steak topping the list.

“Until recently, alternative meat companies have shied away from developing a meatless steak because it is the holy grail of meat: a meal centerpiece with big expectations.”, states TIME. “After years of R&D by its food scientists, Beyond Meat has developed a product with lower stakes—steak tips, rather than a filet.”
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Report: U.S. Plant-Based Beverage Market Expected to Grow to $506 Billion Value by 2032

The plant-based beverage market in the U.S. is expected to grow at a compound annual growth rate of 6.3% to be valued at over half a trillion dollars by 2032, according to a new report.

Newly released data from the plant-based beverages market analysed by FMI estimates that the market enjoyed year-on-year (YoY) growth of 7.4% in 2022 to a total of 111,701,810 Litres in 2022. The market is expected to witness a prominent growth rate of a CAGR of 6.7% to reach the value of US$ 506,534.7 Mn in 2032.

The increase in the consumption of plant-based beverages, which has multiplied many times in the recent time period, is one of the primary drivers for the rise in demand for the product. Plant-based diets, veganism, and vegetarianism are the key drivers of this shift.
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Plant-Based Diet Reduces Harmful Advanced Glycation End-Products, Says New Study

According to a new study published by the journal Obesity Science & Practice, a plant-based diet reduces inflammatory dietary advanced glycation end-products (AGEs)

AGEs are compounds that form in the bloodstream when protein or fat combine with sugar. The decrease in AGEs was found to be associated with weight loss and improved insulin sensitivity.

“Evidence suggests that changes in advanced glycation end-products (AGEs) may influence body weight”, states the study’s abstract. “Previous studies have focused on cooking methods as the primary way how to reduce the dietary AGEs but little is known about the effects of a change in diet composition.”With that in mind, the aim of this study “was to assess the effects of a low-fat plant-based diet on dietary AGEs and test the association with body weight, body composition, and insulin sensitivity.”
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Study: Plant-Based Diets May Help Prevent Coronary Heart Disease

A new study published in the Cureus Journal of Medical Science has found that a plant-based diet is “inversely related to the incidence of heart failure risk”, and “eating a plant-based diet starting in adolescence is linked to a decreased risk of cerebrovascular disease (CVD) by middle age.”

Coronary heart disease (CHD) is one of the leading causes of morbidity and mortality worldwide, notes the study’s authors. “Dietary modifications in the form of a vegetarian diet can perhaps be the key to the prevention and management of cardiovascular diseases.”

The aims of this review was to “determine the association between a vegetarian diet and CHD, to compare the risk of CHD in different types of vegetarian diets, and to assess variability in the biochemical predictors of CHD in the various vegetarian diets.”
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Report: Global Plant-Based Food Market to Reach $95 Billion by 2020

A new report has found that the global plant-based food market is expected to grow at a CAGR (compound annual growth rate) of 12.4% to reach $95.52 billion by 2029.

The Plant-based Food Market report was conducted by Research and Markets.

“The research report provides an in-depth analysis of plant-based food market in five major geographies and emphasizes on the current market trends, market sizes, market shares, recent developments, and forecasts till 2029”. According to the report, “The Global Plant-based Food Market is expected to reach $95.52 billion by 2029, growing at a CAGR of 12.4% during the forecast period of 2022 to 2029.”

The growth of this market “is driven by factors such as the increasing intolerance for animal protein amongst consumers, the growing vegan population, and the rising number of venture investments in plant-based food companies.”
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HappyCow Reveals Lists of the Top 10 Vegan-Friendly Cities in the World

HappyCow, a platform that features over 186,000 vegan-friendly businesses in over 180 countries, has released their list of the top 10 vegan-friendly cities in the world.

Meat-free munch from Redemptions in London

HappyCow has revealed their list of the top 10 vegan-friendly cities in the world to coincide with World Vegan Day, which is celebrated on November 1st.

“TeamCow is thrilled to offer the first update to our Top 10 Vegan-Friendly Cities List since pre-pandemic 2019″, says HappyCow. “Amidst a chaotic few years for the vegan restaurant community, we are happy to report an uptick in vegan business growth again as of 2022 – pointing to more promising times ahead.”
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