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PUBLISHER: KBV Research | PRODUCT CODE: 1767883

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PUBLISHER: KBV Research | PRODUCT CODE: 1767883

LAMEA Plant-based Seafood Market Size, Share & Trends Analysis Report By Type (Fish, Prawn & Shrimp, Crab, and Other Type), By Source, By Distribution Channel, By Country and Growth Forecast, 2025 - 2032

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The Latin America, Middle East and Africa Plant-based Seafood Market would witness market growth of 10.2% CAGR during the forecast period (2025-2032).

The Brazil market dominated the LAMEA Plant-based Seafood Market by Country in 2024, and would continue to be a dominant market till 2032; thereby, achieving a market value of $17.4 million by 2032. The Argentina market is showcasing a CAGR of 10.8% during (2025 - 2032). Additionally, The UAE market would register a CAGR of 8.6% during (2025 - 2032).

Younger generations, particularly millennials and Gen Z, are more likely to embrace plant-based alternatives due to their strong interest in sustainability, ethical consumption, and health. These groups are at the forefront of the plant-based food revolution, and their preferences are shaping the future of the market.

The growing availability of these seafood products in mainstream grocery stores and restaurants is another key factor driving adoption. As these products become more accessible and convenient, consumers are more likely to try them. Additionally, the availability of this seafood in e-commerce channels makes it easier for consumers to purchase these products, further boosting adoption rates.

The global shift toward healthier and more sustainable food choices is gaining traction in emerging and dynamic markets like Nigeria, the UAE, and Brazil. These countries are witnessing growth in key economic indicators and food service sectors, signalling a broader openness to innovative food products, including plant-based seafood. With rising disposable incomes, expanding foodservice industries, and increasing consumer awareness about nutrition and sustainability, these nations are becoming fertile grounds for expanding the market. In 2022, Brazil's foodservice industry revenues reached US$106 billion, a 10% increase from the previous year. This robust growth highlights the country's booming economy and increased consumer spending on out-of-home dining experiences. As more restaurants and food chains explore plant-based options to meet evolving dietary preferences and cater to flexitarian consumers, there's no room to introduce these seafood products. The UAE's restaurant and institutional (HRI) sector saw a 17% increase in value from 2020 to 2021, reaching $12.3 billion. As one of the largest food service markets in the Gulf region, the UAE continues to evolve as a culinary hub that embraces global food trends. The demand for gourmet, healthy, and environmentally responsible cuisine is rising, particularly among the urban, health-conscious population and a thriving expatriate community. Thus, the strong growth of the food service industries in Brazil and the UAE, combined with improving disposable incomes in Nigeria, is setting the stage for the expansion of the market in these diverse regions.

Based on Type, the market is segmented into Fish, Prawn & Shrimp, Crab, and Other Type. Based on Source, the market is segmented into Soy, Pea, Wheat, and Other Source. Based on Distribution Channel, the market is segmented into Supermarkets & Hypermarkets, Convenience Stores, Online, and Other Distribution Channel. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.

List of Key Companies Profiled

  • Beyond Meat, Inc.
  • Impossible Foods Inc.
  • Konscious Foods Canada Inc.
  • Glanbia PLC
  • Ingredion, Incorporated
  • Tyson Foods, Inc.
  • PURIS
  • Royal Avebe
  • Marlow Foods Limited (Quorn Foods)
  • Nestle S.A.

LAMEA Plant-based Seafood Market Report Segmentation

By Type

  • Fish
  • Prawn & Shrimp
  • Crab
  • Other Type

By Source

  • Soy
  • Pea
  • Wheat
  • Other Source

By Distribution Channel

  • Supermarkets & Hypermarkets
  • Convenience Stores
  • Online
  • Other Distribution Channel

By Country

  • Brazil
  • Argentina
  • UAE
  • Saudi Arabia
  • South Africa
  • Nigeria
  • Rest of LAMEA

Table of Contents

Chapter 1. Market Scope & Methodology

  • 1.1 Market Definition
  • 1.2 Objectives
  • 1.3 Market Scope
  • 1.4 Segmentation
    • 1.4.1 LAMEA Plant-based Seafood Market, by Type
    • 1.4.2 LAMEA Plant-based Seafood Market, by Source
    • 1.4.3 LAMEA Plant-based Seafood Market, by Distribution Channel
    • 1.4.4 LAMEA Plant-based Seafood Market, by Country
  • 1.5 Methodology for the research

Chapter 2. Market at a Glance

  • 2.1 Key Highlights

Chapter 3. Market Overview

  • 3.1 Introduction
    • 3.1.1 Overview
      • 3.1.1.1 Market Composition and Scenario
  • 3.2 Key Factors Impacting the Market
    • 3.2.1 Market Drivers
    • 3.2.2 Market Restraints
    • 3.2.3 Market Opportunities
    • 3.2.4 Market Challenges
  • 3.3 Porter Five Forces Analysis

Chapter 4. LAMEA Plant-based Seafood Market by Type

  • 4.1 LAMEA Fish Market by Country
  • 4.2 LAMEA Prawn & Shrimp Market by Country
  • 4.3 LAMEA Crab Market by Country
  • 4.4 LAMEA Other Type Market by Country

Chapter 5. LAMEA Plant-based Seafood Market by Source

  • 5.1 LAMEA Soy Market by Country
  • 5.2 LAMEA Pea Market by Country
  • 5.3 LAMEA Wheat Market by Country
  • 5.4 LAMEA Other Source Market by Country

Chapter 6. LAMEA Plant-based Seafood Market by Distribution Channel

  • 6.1 LAMEA Supermarkets & Hypermarkets Market by Country
  • 6.2 LAMEA Convenience Stores Market by Country
  • 6.3 LAMEA Online Market by Country
  • 6.4 LAMEA Other Distribution Channel Market by Country

Chapter 7. LAMEA Plant-based Seafood Market by Country

  • 7.1 Brazil Plant-based Seafood Market
    • 7.1.1 Brazil Plant-based Seafood Market by Type
    • 7.1.2 Brazil Plant-based Seafood Market by Source
    • 7.1.3 Brazil Plant-based Seafood Market by Distribution Channel
  • 7.2 Argentina Plant-based Seafood Market
    • 7.2.1 Argentina Plant-based Seafood Market by Type
    • 7.2.2 Argentina Plant-based Seafood Market by Source
    • 7.2.3 Argentina Plant-based Seafood Market by Distribution Channel
  • 7.3 UAE Plant-based Seafood Market
    • 7.3.1 UAE Plant-based Seafood Market by Type
    • 7.3.2 UAE Plant-based Seafood Market by Source
    • 7.3.3 UAE Plant-based Seafood Market by Distribution Channel
  • 7.4 Saudi Arabia Plant-based Seafood Market
    • 7.4.1 Saudi Arabia Plant-based Seafood Market by Type
    • 7.4.2 Saudi Arabia Plant-based Seafood Market by Source
    • 7.4.3 Saudi Arabia Plant-based Seafood Market by Distribution Channel
  • 7.5 South Africa Plant-based Seafood Market
    • 7.5.1 South Africa Plant-based Seafood Market by Type
    • 7.5.2 South Africa Plant-based Seafood Market by Source
    • 7.5.3 South Africa Plant-based Seafood Market by Distribution Channel
  • 7.6 Nigeria Plant-based Seafood Market
    • 7.6.1 Nigeria Plant-based Seafood Market by Type
    • 7.6.2 Nigeria Plant-based Seafood Market by Source
    • 7.6.3 Nigeria Plant-based Seafood Market by Distribution Channel
  • 7.7 Rest of LAMEA Plant-based Seafood Market
    • 7.7.1 Rest of LAMEA Plant-based Seafood Market by Type
    • 7.7.2 Rest of LAMEA Plant-based Seafood Market by Source
    • 7.7.3 Rest of LAMEA Plant-based Seafood Market by Distribution Channel

Chapter 8. Company Profiles

  • 8.1 Beyond Meat, Inc.
    • 8.1.1 Company Overview
    • 8.1.2 Financial Analysis
    • 8.1.3 Research & Development Expenses
  • 8.2 Impossible Foods, Inc.
    • 8.2.1 Company Overview
    • 8.2.2 Recent strategies and developments:
      • 8.2.2.1 Product Launches and Product Expansions:
    • 8.2.3 SWOT Analysis
  • 8.3 Konscious Foods Canada Inc.
    • 8.3.1 Company Overview
    • 8.3.2 Recent strategies and developments:
      • 8.3.2.1 Geographical Expansions:
  • 8.4 Glanbia PLC
    • 8.4.1 Company Overview
    • 8.4.2 Financial Analysis
    • 8.4.3 Segmental and Regional Analysis
    • 8.4.4 Research & Development Expenses
    • 8.4.5 SWOT Analysis
  • 8.5 Ingredion Incorporated
    • 8.5.1 Company Overview
    • 8.5.2 Financial Analysis
    • 8.5.3 Segmental Analysis
    • 8.5.4 Research & Development Expenses
    • 8.5.5 SWOT Analysis
  • 8.6 Tyson Foods, Inc.
    • 8.6.1 Company Overview
    • 8.6.2 Financial Analysis
    • 8.6.3 Segmental Analysis
    • 8.6.4 Research & Development Expense
    • 8.6.5 Recent strategies and developments:
      • 8.6.5.1 Product Launches and Product Expansions:
    • 8.6.6 SWOT Analysis
  • 8.7 PURIS
    • 8.7.1 Company Overview
  • 8.8 Royal Avebe
    • 8.8.1 Company Overview
    • 8.8.2 SWOT Analysis
  • 8.9 Marlow Foods Limited (Quorn Foods)
    • 8.9.1 Company Overview
  • 8.10. Nestle S.A.
    • 8.10.1 Company Overview
    • 8.10.2 Financial Analysis
    • 8.10.3 Segmental and Regional Analysis
    • 8.10.4 Research & Development Expenses
    • 8.10.5 Recent strategies and developments:
      • 8.10.5.1 Product Launches and Product Expansions:
    • 8.10.6 SWOT Analysis

LIST OF TABLES

  • TABLE 1 LAMEA Plant-based Seafood Market, 2021 - 2024, USD Million
  • TABLE 2 LAMEA Plant-based Seafood Market, 2025 - 2032, USD Million
  • TABLE 3 LAMEA Plant-based Seafood Market by Type, 2021 - 2024, USD Million
  • TABLE 4 LAMEA Plant-based Seafood Market by Type, 2025 - 2032, USD Million
  • TABLE 5 LAMEA Fish Market by Country, 2021 - 2024, USD Million
  • TABLE 6 LAMEA Fish Market by Country, 2025 - 2032, USD Million
  • TABLE 7 LAMEA Prawn & Shrimp Market by Country, 2021 - 2024, USD Million
  • TABLE 8 LAMEA Prawn & Shrimp Market by Country, 2025 - 2032, USD Million
  • TABLE 9 LAMEA Crab Market by Country, 2021 - 2024, USD Million
  • TABLE 10 LAMEA Crab Market by Country, 2025 - 2032, USD Million
  • TABLE 11 LAMEA Other Type Market by Country, 2021 - 2024, USD Million
  • TABLE 12 LAMEA Other Type Market by Country, 2025 - 2032, USD Million
  • TABLE 13 LAMEA Plant-based Seafood Market by Source, 2021 - 2024, USD Million
  • TABLE 14 LAMEA Plant-based Seafood Market by Source, 2025 - 2032, USD Million
  • TABLE 15 LAMEA Soy Market by Country, 2021 - 2024, USD Million
  • TABLE 16 LAMEA Soy Market by Country, 2025 - 2032, USD Million
  • TABLE 17 LAMEA Pea Market by Country, 2021 - 2024, USD Million
  • TABLE 18 LAMEA Pea Market by Country, 2025 - 2032, USD Million
  • TABLE 19 LAMEA Wheat Market by Country, 2021 - 2024, USD Million
  • TABLE 20 LAMEA Wheat Market by Country, 2025 - 2032, USD Million
  • TABLE 21 LAMEA Other Source Market by Country, 2021 - 2024, USD Million
  • TABLE 22 LAMEA Other Source Market by Country, 2025 - 2032, USD Million
  • TABLE 23 LAMEA Plant-based Seafood Market by Distribution Channel, 2021 - 2024, USD Million
  • TABLE 24 LAMEA Plant-based Seafood Market by Distribution Channel, 2025 - 2032, USD Million
  • TABLE 25 LAMEA Supermarkets & Hypermarkets Market by Country, 2021 - 2024, USD Million
  • TABLE 26 LAMEA Supermarkets & Hypermarkets Market by Country, 2025 - 2032, USD Million
  • TABLE 27 LAMEA Convenience Stores Market by Country, 2021 - 2024, USD Million
  • TABLE 28 LAMEA Convenience Stores Market by Country, 2025 - 2032, USD Million
  • TABLE 29 LAMEA Online Market by Country, 2021 - 2024, USD Million
  • TABLE 30 LAMEA Online Market by Country, 2025 - 2032, USD Million
  • TABLE 31 LAMEA Other Distribution Channel Market by Country, 2021 - 2024, USD Million
  • TABLE 32 LAMEA Other Distribution Channel Market by Country, 2025 - 2032, USD Million
  • TABLE 33 LAMEA Plant-based Seafood Market by Country, 2021 - 2024, USD Million
  • TABLE 34 LAMEA Plant-based Seafood Market by Country, 2025 - 2032, USD Million
  • TABLE 35 Brazil Plant-based Seafood Market, 2021 - 2024, USD Million
  • TABLE 36 Brazil Plant-based Seafood Market, 2025 - 2032, USD Million
  • TABLE 37 Brazil Plant-based Seafood Market by Type, 2021 - 2024, USD Million
  • TABLE 38 Brazil Plant-based Seafood Market by Type, 2025 - 2032, USD Million
  • TABLE 39 Brazil Plant-based Seafood Market by Source, 2021 - 2024, USD Million
  • TABLE 40 Brazil Plant-based Seafood Market by Source, 2025 - 2032, USD Million
  • TABLE 41 Brazil Plant-based Seafood Market by Distribution Channel, 2021 - 2024, USD Million
  • TABLE 42 Brazil Plant-based Seafood Market by Distribution Channel, 2025 - 2032, USD Million
  • TABLE 43 Argentina Plant-based Seafood Market, 2021 - 2024, USD Million
  • TABLE 44 Argentina Plant-based Seafood Market, 2025 - 2032, USD Million
  • TABLE 45 Argentina Plant-based Seafood Market by Type, 2021 - 2024, USD Million
  • TABLE 46 Argentina Plant-based Seafood Market by Type, 2025 - 2032, USD Million
  • TABLE 47 Argentina Plant-based Seafood Market by Source, 2021 - 2024, USD Million
  • TABLE 48 Argentina Plant-based Seafood Market by Source, 2025 - 2032, USD Million
  • TABLE 49 Argentina Plant-based Seafood Market by Distribution Channel, 2021 - 2024, USD Million
  • TABLE 50 Argentina Plant-based Seafood Market by Distribution Channel, 2025 - 2032, USD Million
  • TABLE 51 UAE Plant-based Seafood Market, 2021 - 2024, USD Million
  • TABLE 52 UAE Plant-based Seafood Market, 2025 - 2032, USD Million
  • TABLE 53 UAE Plant-based Seafood Market by Type, 2021 - 2024, USD Million
  • TABLE 54 UAE Plant-based Seafood Market by Type, 2025 - 2032, USD Million
  • TABLE 55 UAE Plant-based Seafood Market by Source, 2021 - 2024, USD Million
  • TABLE 56 UAE Plant-based Seafood Market by Source, 2025 - 2032, USD Million
  • TABLE 57 UAE Plant-based Seafood Market by Distribution Channel, 2021 - 2024, USD Million
  • TABLE 58 UAE Plant-based Seafood Market by Distribution Channel, 2025 - 2032, USD Million
  • TABLE 59 Saudi Arabia Plant-based Seafood Market, 2021 - 2024, USD Million
  • TABLE 60 Saudi Arabia Plant-based Seafood Market, 2025 - 2032, USD Million
  • TABLE 61 Saudi Arabia Plant-based Seafood Market by Type, 2021 - 2024, USD Million
  • TABLE 62 Saudi Arabia Plant-based Seafood Market by Type, 2025 - 2032, USD Million
  • TABLE 63 Saudi Arabia Plant-based Seafood Market by Source, 2021 - 2024, USD Million
  • TABLE 64 Saudi Arabia Plant-based Seafood Market by Source, 2025 - 2032, USD Million
  • TABLE 65 Saudi Arabia Plant-based Seafood Market by Distribution Channel, 2021 - 2024, USD Million
  • TABLE 66 Saudi Arabia Plant-based Seafood Market by Distribution Channel, 2025 - 2032, USD Million
  • TABLE 67 South Africa Plant-based Seafood Market, 2021 - 2024, USD Million
  • TABLE 68 South Africa Plant-based Seafood Market, 2025 - 2032, USD Million
  • TABLE 69 South Africa Plant-based Seafood Market by Type, 2021 - 2024, USD Million
  • TABLE 70 South Africa Plant-based Seafood Market by Type, 2025 - 2032, USD Million
  • TABLE 71 South Africa Plant-based Seafood Market by Source, 2021 - 2024, USD Million
  • TABLE 72 South Africa Plant-based Seafood Market by Source, 2025 - 2032, USD Million
  • TABLE 73 South Africa Plant-based Seafood Market by Distribution Channel, 2021 - 2024, USD Million
  • TABLE 74 South Africa Plant-based Seafood Market by Distribution Channel, 2025 - 2032, USD Million
  • TABLE 75 Nigeria Plant-based Seafood Market, 2021 - 2024, USD Million
  • TABLE 76 Nigeria Plant-based Seafood Market, 2025 - 2032, USD Million
  • TABLE 77 Nigeria Plant-based Seafood Market by Type, 2021 - 2024, USD Million
  • TABLE 78 Nigeria Plant-based Seafood Market by Type, 2025 - 2032, USD Million
  • TABLE 79 Nigeria Plant-based Seafood Market by Source, 2021 - 2024, USD Million
  • TABLE 80 Nigeria Plant-based Seafood Market by Source, 2025 - 2032, USD Million
  • TABLE 81 Nigeria Plant-based Seafood Market by Distribution Channel, 2021 - 2024, USD Million
  • TABLE 82 Nigeria Plant-based Seafood Market by Distribution Channel, 2025 - 2032, USD Million
  • TABLE 83 Rest of LAMEA Plant-based Seafood Market, 2021 - 2024, USD Million
  • TABLE 84 Rest of LAMEA Plant-based Seafood Market, 2025 - 2032, USD Million
  • TABLE 85 Rest of LAMEA Plant-based Seafood Market by Type, 2021 - 2024, USD Million
  • TABLE 86 Rest of LAMEA Plant-based Seafood Market by Type, 2025 - 2032, USD Million
  • TABLE 87 Rest of LAMEA Plant-based Seafood Market by Source, 2021 - 2024, USD Million
  • TABLE 88 Rest of LAMEA Plant-based Seafood Market by Source, 2025 - 2032, USD Million
  • TABLE 89 Rest of LAMEA Plant-based Seafood Market by Distribution Channel, 2021 - 2024, USD Million
  • TABLE 90 Rest of LAMEA Plant-based Seafood Market by Distribution Channel, 2025 - 2032, USD Million
  • TABLE 91 Key Information - Beyond Meat, Inc.
  • TABLE 92 Key Information - IMpossible Foods, Inc.
  • TABLE 93 Key Information - Konscious Foods Canada Inc.
  • TABLE 94 Key Information - Glanbia PLC
  • TABLE 95 Key Information - Ingredion Incorporated
  • TABLE 96 Key Information - Tyson Foods, Inc.
  • TABLE 97 Key Information - PURIS
  • TABLE 98 Key Information - royal avebe
  • TABLE 99 Key Information - Quorn Foods
  • TABLE 100 Key Information - Nestle S.A.

LIST OF FIGURES

  • FIG 1 Methodology for the research
  • FIG 2 LAMEA Plant-based Seafood Market, 2021 - 2032, USD Million
  • FIG 3 Key Factors Impacting Plant-based Seafood Market
  • FIG 4 Porter's Five Forces Analysis - Plant-based Seafood Market
  • FIG 5 LAMEA Plant-based Seafood Market share by Type, 2024
  • FIG 6 LAMEA Plant-based Seafood Market share by Type, 2032
  • FIG 7 LAMEA Plant-based Seafood Market by Type, 2021 - 2032, USD Million
  • FIG 8 LAMEA Plant-based Seafood Market share by Source, 2024
  • FIG 9 LAMEA Plant-based Seafood Market share by Source, 2032
  • FIG 10 LAMEA Plant-based Seafood Market by Source, 2021 - 2032, USD Million
  • FIG 11 LAMEA Plant-based Seafood Market share by Distribution Channel, 2024
  • FIG 12 LAMEA Plant-based Seafood Market share by Distribution Channel, 2032
  • FIG 13 LAMEA Plant-based Seafood Market by Distribution Channel, 2021 - 2032, USD Million
  • FIG 14 LAMEA Plant-based Seafood Market share by Country, 2024
  • FIG 15 LAMEA Plant-based Seafood Market share by Country, 2032
  • FIG 16 LAMEA Plant-based Seafood Market by Country, 2021 - 2032, USD Million
  • FIG 17 Swot Analysis: Impossible Foods, Inc.
  • FIG 18 Swot Analysis: Glanbia PLC
  • FIG 19 SWOT Analysis: Ingredion Incorporated
  • FIG 20 Swot Analysis: Tyson Foods, Inc.
  • FIG 21 SWOT Analysis: Royal Avebe
  • FIG 22 SWOT Analysis: Nestle S.A.
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