vegan sashimi market is expected to be valued at US$ 104.9 million in 2023 and to reach a valuation of US$ 218.8 million by 2033. The demand for Vegan Sashimi is estimated to grow at a steady 8.5% CAGR, with the UK, the USA, China, and India emerging as key producers.
The growing demand for sustainable and ethical options, such as vegan sashimi, is driving the market. Companies are developing new and unique plant-based ingredients to mimic the taste and texture of traditional sashimi.
The growing trend of fusion cuisine, which combines different culinary traditions, is also expected to drive market growth. Fusion sushi and sashimi dishes are becoming more popular, and this is likely to drive demand for vegan sashimi.
The increasing demand for convenience and ready-to-eat products is also expected to drive market growth. Companies are introducing packaged and frozen sashimi products to cater to this demand.
The growing trend of food delivery and online ordering is also expected to drive market growth. As more people order food online, the demand for vegan sashimi is likely to increase.
| Attributes | Details |
|---|---|
| Vegan Sashimi Market CAGR (2023 to 2033) | 8.5% |
| Vegan Sashimi Market Size (2023) | US$ 104.9 million |
| Vegan Sashimi Market Size (2033) | US$ 218.8 million |
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The global demand for vegan sashimi grew at a CAGR of 8.5% between 2016 and 2022, and it's expected to expand at a CAGR of 8.5% between 2023 and 2033. The growth potential of the market could be looked at from short-term, midterm, and long-term perspectives.
| Short-Term Outlook (2023 to 2025): | The increasing number of vegan, vegetarian and flexitarian consumers is driving the demand for vegan sashimi. As more people adopt plant-based diets, the demand for vegan sashimi is likely to increase. |
|---|---|
| Mid-Term Outlook (2025 to 2028): | The expanding economy of Asian countries, particularly in China and Japan, is expected to drive the demand for vegan sashimi in the midterm. As more people in these countries gain access to disposable income, they are likely to spend more on luxury food items, including sashimi. |
| Long-Term Outlook (2028 to 2032): | The growing trend of fusion cuisine, which combines different culinary traditions, is expected to drive the long-term market growth. Fusion sushi and sashimi dishes are becoming more popular, and this is likely to drive demand for vegan sashimi. |
The growing popularity of sushi and sashimi dishes, along with the increasing interest in Japanese cuisine, is driving the demand for sashimi. Additionally, the increasing health consciousness of consumers and the growing demand for sustainable and ethical options are expected to drive the sales of vegan sashimi.
The drivers of the sashimi market include:
Increasing popularity of sushi and sashimi: The growing popularity of sushi and sashimi dishes, along with the increasing interest in Japanese cuisine, is driving the demand for traditional sashimi.
Health-consciousness of consumers: The increasing health consciousness of consumers is driving the demand for healthier options such as sashimi, which is typically low in calories and high in protein.
Growing demand for sustainable and ethical options: The growing demand for sustainable and ethical options, such as vegan sashimi, is driving the market. As more people become aware of the environmental and ethical implications of consuming traditional seafood, they are looking for more sustainable and ethical alternatives.
Technological advancements in food processing: Technological advancements in food processing have allowed for the development of new ingredients and techniques to mimic the taste and texture of traditional sashimi, making it easier for companies to produce and market plant-based alternatives.
Companies are partnering with retailers and distributors to make their products more widely available. As more companies form partnerships with retailers and distributors, the market is likely to expand.
As more consumers in the United States become interested in plant-based alternatives to traditional seafood, the market is likely to expand. Additionally, as more consumers become concerned about the environment, animal welfare, and their health, the market for vegan sashimi is likely to grow.
Top Companies in the United States Vegan Sashimi Industry
| CAGR (2023 to 2033) | 9.5% |
|---|---|
| United Kingdom Vegan Sashimi Market Share | 9.3% |
| United Kingdom Vegan Sashimi Market Valuation (2022) | US$ 9 million |
| United Kingdom Vegan Sashimi Market Valuation (2033) | US$ 24.3 million |
The growing popularity of sushi and sashimi dishes in the UK, along with the increasing interest in Japanese cuisine, is expected to drive growth in the traditional sashimi market. Additionally, the increasing health-consciousness of consumers and the growing demand for sustainable and ethical options are expected to drive the demand for vegan sashimi.
The increasing awareness and concern for the environment, animal welfare, and health-conscious consumers are driving the growth of the vegan sashimi market in the UK. As more people in the UK become aware of the environmental and ethical implications of consuming traditional seafood, they are looking for more sustainable and ethical alternatives.
Top Companies in the United Kingdom Vegan Sashimi Industry
| CAGR (2023 to 2033) | 7% |
|---|---|
| China Vegan Sashimi Market Share | 10.1% |
| China Vegan Sashimi Market Valuation (2022) | US$ 9.75 million |
| China Vegan Sashimi Market Valuation (2033) | US$ 20.6 million |
The Chinese vegan sashimi market share is currently at 10.1%. The market valuation for 2022 is US$ 9.75 million and is expected to reach US$ 20.6 million by 2033. This indicates that the market is expected to more than double in value over the next decade.
The increasing awareness and concern for the environment, and concerns of consumers regarding health are driving the demand for vegan sashimi in China. As more people in China become aware of the environmental and ethical implications of consuming traditional seafood, they are looking for more sustainable and ethical alternatives.
The growing popularity of sushi and sashimi dishes in China, along with the increasing demand for plant-based alternatives to traditional seafood, is expected to drive growth of the sales of vegan sashimi. Additionally, the increasing adoption of veganism and plant-based diets in China is also expected to drive growth in the market.
| CAGR (2023 to 2033) | 8.6% |
|---|---|
| India Vegan Sashimi Market Share | 4.1% |
| India Vegan Sashimi Market Valuation (2022) | US$ 4 million |
| India Vegan Sashimi Market Valuation (2033) | US$ 9.8 million |
The increasing popularity of sushi and sashimi dishes in India is expected to drive growth in the traditional sashimi market. Additionally, the increasing adoption of veganism and plant-based diets in India is expected to drive growth in the market. As more and more people in India are choosing to adopt plant-based diets for health, environmental, and ethical reasons, the demand for vegan sashimi is likely to increase.
As more people become aware of the environmental and ethical implications of consuming traditional seafood, they are looking for more sustainable and ethical alternatives.
Top Companies in the Indian Vegan Sashimi Industry
Principal Consultant
| Segment | Format |
|---|---|
| Top Sub-segment | Filets |
| Market Share | 31.9% |
| Segment | Merchandising Format |
|---|---|
| Top Sub-segment | Refrigerated product |
| Market Share | 89.5% |
As consumer demand for plant-based alternatives to traditional seafood continues to grow, the market for vegan sashimi filets is likely to expand.
The filet segment of the market is expected to witness significant growth due to the increasing popularity of sushi and sashimi dishes. Many consumers are looking for vegan alternatives to traditional fish filets, and as a result, companies are developing plant-based filets that mimic the texture and flavor of traditional fish filets.
The increasing adoption of veganism and plant-based diets, along with the rise in health-conscious consumers, is expected to drive the growth of the vegan sashimi filet market. As more and more people are looking for alternatives to traditional seafood, the demand for vegan sashimi filets is expected to increase.
There are several competitive strategies being followed by companies in the vegan sashimi market, including:
Innovation: Companies are constantly developing new and unique plant-based ingredients to mimic the taste and texture of traditional sashimi.
Branding and positioning: Companies are creating strong branding and positioning strategies to appeal to consumers who are looking for sustainable and ethical alternatives to traditional sashimi.
Distribution and partnerships: Companies are partnering with retailers and distributors to make their products more widely available.
Price and promotion: Companies are using competitive pricing and promotional strategies to appeal to consumers.
Product differentiation: Companies are differentiating their products by using unique ingredients, creating new flavors and textures, or offering a wide range of options to cater to different preferences.
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The market is valued at US$ 104.9 million in 2023.
Ocean Hugger Foods, Good Catch, Sophie's Kitchen are the leading industry players.
The market is estimated to reach US$ 218.8 million in 2033.
The market is forecast to register a CAGR of 8.5% through 2033.
The market witnessed a CAGR of 8.5% From 2017 to 2022.
1. Executive Summary | Vegan Sashimi Market
1.1. Global Market Outlook
1.2. Demand-side Trends
1.3. Supply-side Trends
1.4. Technology Roadmap Analysis
1.5. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3. Market Background
3.1. Market Dynamics
3.1.1. Drivers
3.1.2. Restraints
3.1.3. Opportunity
3.1.4. Trends
3.2. Scenario Forecast
3.2.1. Demand in Optimistic Scenario
3.2.2. Demand in Likely Scenario
3.2.3. Demand in Conservative Scenario
3.3. Opportunity Map Analysis
3.4. Product Life Cycle Analysis
3.5. Supply Chain Analysis
3.5.1. Supply Side Participants and their Roles
3.5.1.1. Producers
3.5.1.2. Mid-Level Participants (Traders/ Agents/ Brokers)
3.5.1.3. Wholesalers and Distributors
3.5.2. Value Added and Value Created at Node in the Supply Chain
3.5.3. List of Raw Material Suppliers
3.5.4. List of Existing and Potential Buyer’s
3.6. Investment Feasibility Matrix
3.7. Value Chain Analysis
3.7.1. Profit Margin Analysis
3.7.2. Wholesalers and Distributors
3.7.3. Retailers
3.8. PESTLE and Porter’s Analysis
3.9. Regulatory Landscape
3.9.1. By Key Regions
3.9.2. By Key Countries
3.10. Regional Parent Market Outlook
3.11. Production and Consumption Statistics
3.12. Import and Export Statistics
4. Global Market Analysis 2018 to 2022 and Forecast, 2023 to 2033
4.1. Historical Market Size Value (US$ Million) & Volume (Tonnes) Analysis, 2018 to 2022
4.2. Current and Future Market Size Value (US$ Million) & Volume (Tonnes) Projections, 2023 to 2033
4.2.1. Y-o-Y Growth Trend Analysis
4.2.2. Absolute $ Opportunity Analysis
5. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Type
5.1. Introduction / Key Findings
5.2. Historical Market Size Value (US$ Million) & Volume (Tonnes) Analysis By Type, 2018 to 2022
5.3. Current and Future Market Size Value (US$ Million) & Volume (Tonnes) Analysis and Forecast By Type, 2023 to 2033
5.3.1. Vegan Salmon Sashimi
5.3.2. Vegan Tuna Sashimi
5.3.3. Vegan Octopus Sashimi
5.3.4. Vegan Scallop Sashimi
5.3.5. Vegan Sea Urchin Sashimi
5.4. Y-o-Y Growth Trend Analysis By Type, 2018 to 2022
5.5. Absolute $ Opportunity Analysis By Type, 2023 to 2033
6. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Distribution Channel
6.1. Introduction / Key Findings
6.2. Historical Market Size Value (US$ Million) & Volume (Tonnes) Analysis By Distribution Channel, 2018 to 2022
6.3. Current and Future Market Size Value (US$ Million) & Volume (Tonnes) Analysis and Forecast By Distribution Channel, 2023 to 2033
6.3.1. Direct Sales
6.3.2. Retail Sales
6.3.2.1. Online Retail
6.3.2.2. Supermarket/Hypermarket
6.3.2.3. Speciality Stores
6.4. Y-o-Y Growth Trend Analysis By Distribution Channel, 2018 to 2022
6.5. Absolute $ Opportunity Analysis By Distribution Channel, 2023 to 2033
7. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region
7.1. Introduction
7.2. Historical Market Size Value (US$ Million) & Volume (Tonnes) Analysis By Region, 2018 to 2022
7.3. Current Market Size Value (US$ Million) & Volume (Tonnes) Analysis and Forecast By Region, 2023 to 2033
7.3.1. North America
7.3.2. Latin America
7.3.3. Europe
7.3.4. Asia Pacific
7.3.5. Middle East & Africa (MEA)
7.4. Market Attractiveness Analysis By Region
8. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
8.1. Historical Market Size Value (US$ Million) & Volume (Tonnes) Trend Analysis By Market Taxonomy, 2018 to 2022
8.2. Market Size Value (US$ Million) & Volume (Tonnes) Forecast By Market Taxonomy, 2023 to 2033
8.2.1. By Country
8.2.1.1. The USA
8.2.1.2. Canada
8.2.2. By Type
8.2.3. By Distribution Channel
8.3. Market Attractiveness Analysis
8.3.1. By Country
8.3.2. By Type
8.3.3. By Distribution Channel
8.4. Key Takeaways
9. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
9.1. Historical Market Size Value (US$ Million) & Volume (Tonnes) Trend Analysis By Market Taxonomy, 2018 to 2022
9.2. Market Size Value (US$ Million) & Volume (Tonnes) Forecast By Market Taxonomy, 2023 to 2033
9.2.1. By Country
9.2.1.1. Brazil
9.2.1.2. Mexico
9.2.1.3. Rest of Latin America
9.2.2. By Type
9.2.3. By Distribution Channel
9.3. Market Attractiveness Analysis
9.3.1. By Country
9.3.2. By Type
9.3.3. By Distribution Channel
9.4. Key Takeaways
10. Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
10.1. Historical Market Size Value (US$ Million) & Volume (Tonnes) Trend Analysis By Market Taxonomy, 2018 to 2022
10.2. Market Size Value (US$ Million) & Volume (Tonnes) Forecast By Market Taxonomy, 2023 to 2033
10.2.1. By Country
10.2.1.1. Germany
10.2.1.2. United Kingdom (UK)
10.2.1.3. France
10.2.1.4. Spain
10.2.1.5. Italy
10.2.1.6. Rest of Europe
10.2.2. By Type
10.2.3. By Distribution Channel
10.3. Market Attractiveness Analysis
10.3.1. By Country
10.3.2. By Type
10.3.3. By Distribution Channel
10.4. Key Takeaways
11. Asia Pacific Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
11.1. Historical Market Size Value (US$ Million) & Volume (Tonnes) Trend Analysis By Market Taxonomy, 2018 to 2022
11.2. Market Size Value (US$ Million) & Volume (Tonnes) Forecast By Market Taxonomy, 2023 to 2033
11.2.1. By Country
11.2.1.1. China
11.2.1.2. Japan
11.2.1.3. South Korea
11.2.1.4. Singapore
11.2.1.5. Thailand
11.2.1.6. Indonesia
11.2.1.7. Australia
11.2.1.8. New Zealand
11.2.1.9. Rest of Asia Pacific
11.2.2. By Type
11.2.3. By Distribution Channel
11.3. Market Attractiveness Analysis
11.3.1. By Country
11.3.2. By Type
11.3.3. By Distribution Channel
11.4. Key Takeaways
12. MEA Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
12.1. Historical Market Size Value (US$ Million) & Volume (Tonnes) Trend Analysis By Market Taxonomy, 2018 to 2022
12.2. Market Size Value (US$ Million) & Volume (Tonnes) Forecast By Market Taxonomy, 2023 to 2033
12.2.1. By Country
12.2.1.1. GCC Countries
12.2.1.2. South Africa
12.2.1.3. Israel
12.2.1.4. Rest of MEA
12.2.2. By Type
12.2.3. By Distribution Channel
12.3. Market Attractiveness Analysis
12.3.1. By Country
12.3.2. By Type
12.3.3. By Distribution Channel
12.4. Key Takeaways
13. Key Countries Market Analysis
13.1. USA
13.1.1. Pricing Analysis
13.1.2. Market Share Analysis, 2022
13.1.2.1. By Type
13.1.2.2. By Distribution Channel
13.2. Canada
13.2.1. Pricing Analysis
13.2.2. Market Share Analysis, 2022
13.2.2.1. By Type
13.2.2.2. By Distribution Channel
13.3. Brazil
13.3.1. Pricing Analysis
13.3.2. Market Share Analysis, 2022
13.3.2.1. By Type
13.3.2.2. By Distribution Channel
13.4. Mexico
13.4.1. Pricing Analysis
13.4.2. Market Share Analysis, 2022
13.4.2.1. By Type
13.4.2.2. By Distribution Channel
13.5. Germany
13.5.1. Pricing Analysis
13.5.2. Market Share Analysis, 2022
13.5.2.1. By Type
13.5.2.2. By Distribution Channel
13.6. UK
13.6.1. Pricing Analysis
13.6.2. Market Share Analysis, 2022
13.6.2.1. By Type
13.6.2.2. By Distribution Channel
13.7. France
13.7.1. Pricing Analysis
13.7.2. Market Share Analysis, 2022
13.7.2.1. By Type
13.7.2.2. By Distribution Channel
13.8. Spain
13.8.1. Pricing Analysis
13.8.2. Market Share Analysis, 2022
13.8.2.1. By Type
13.8.2.2. By Distribution Channel
13.9. Italy
13.9.1. Pricing Analysis
13.9.2. Market Share Analysis, 2022
13.9.2.1. By Type
13.9.2.2. By Distribution Channel
13.10. China
13.10.1. Pricing Analysis
13.10.2. Market Share Analysis, 2022
13.10.2.1. By Type
13.10.2.2. By Distribution Channel
13.11. Japan
13.11.1. Pricing Analysis
13.11.2. Market Share Analysis, 2022
13.11.2.1. By Type
13.11.2.2. By Distribution Channel
13.12. South Korea
13.12.1. Pricing Analysis
13.12.2. Market Share Analysis, 2022
13.12.2.1. By Type
13.12.2.2. By Distribution Channel
13.13. Singapore
13.13.1. Pricing Analysis
13.13.2. Market Share Analysis, 2022
13.13.2.1. By Type
13.13.2.2. By Distribution Channel
13.14. Thailand
13.14.1. Pricing Analysis
13.14.2. Market Share Analysis, 2022
13.14.2.1. By Type
13.14.2.2. By Distribution Channel
13.15. Indonesia
13.15.1. Pricing Analysis
13.15.2. Market Share Analysis, 2022
13.15.2.1. By Type
13.15.2.2. By Distribution Channel
13.16. Australia
13.16.1. Pricing Analysis
13.16.2. Market Share Analysis, 2022
13.16.2.1. By Type
13.16.2.2. By Distribution Channel
13.17. New Zealand
13.17.1. Pricing Analysis
13.17.2. Market Share Analysis, 2022
13.17.2.1. By Type
13.17.2.2. By Distribution Channel
13.18. GCC Countries
13.18.1. Pricing Analysis
13.18.2. Market Share Analysis, 2022
13.18.2.1. By Type
13.18.2.2. By Distribution Channel
13.19. South Africa
13.19.1. Pricing Analysis
13.19.2. Market Share Analysis, 2022
13.19.2.1. By Type
13.19.2.2. By Distribution Channel
13.20. Israel
13.20.1. Pricing Analysis
13.20.2. Market Share Analysis, 2022
13.20.2.1. By Type
13.20.2.2. By Distribution Channel
14. Market Structure Analysis
14.1. Competition Dashboard
14.2. Competition Benchmarking
14.3. Market Share Analysis of Top Players
14.3.1. By Regional
14.3.2. By Type
14.3.3. By Distribution Channel
15. Competition Analysis
15.1. Competition Deep Dive
15.1.1. Kuleana
15.1.1.1. Overview
15.1.1.2. Product Portfolio
15.1.1.3. Profitability by Market Segments
15.1.1.4. Sales Footprint
15.1.1.5. Strategy Overview
15.1.1.5.1. Marketing Strategy
15.1.1.5.2. Product Strategy
15.1.1.5.3. Channel Strategy
15.1.2. Vegan Finest Foods
15.1.2.1. Overview
15.1.2.2. Product Portfolio
15.1.2.3. Profitability by Market Segments
15.1.2.4. Sales Footprint
15.1.2.5. Strategy Overview
15.1.2.5.1. Marketing Strategy
15.1.2.5.2. Product Strategy
15.1.2.5.3. Channel Strategy
15.1.3. Planteneers
15.1.3.1. Overview
15.1.3.2. Product Portfolio
15.1.3.3. Profitability by Market Segments
15.1.3.4. Sales Footprint
15.1.3.5. Strategy Overview
15.1.3.5.1. Marketing Strategy
15.1.3.5.2. Product Strategy
15.1.3.5.3. Channel Strategy
15.1.4. Ocean Hugger Foods
15.1.4.1. Overview
15.1.4.2. Product Portfolio
15.1.4.3. Profitability by Market Segments
15.1.4.4. Sales Footprint
15.1.4.5. Strategy Overview
15.1.4.5.1. Marketing Strategy
15.1.4.5.2. Product Strategy
15.1.4.5.3. Channel Strategy
15.1.5. ECOWELER CO., LTD.
15.1.5.1. Overview
15.1.5.2. Product Portfolio
15.1.5.3. Profitability by Market Segments
15.1.5.4. Sales Footprint
15.1.5.5. Strategy Overview
15.1.5.5.1. Marketing Strategy
15.1.5.5.2. Product Strategy
15.1.5.5.3. Channel Strategy
15.1.6. Schouten
15.1.6.1. Overview
15.1.6.2. Product Portfolio
15.1.6.3. Profitability by Market Segments
15.1.6.4. Sales Footprint
15.1.6.5. Strategy Overview
15.1.6.5.1. Marketing Strategy
15.1.6.5.2. Product Strategy
15.1.6.5.3. Channel Strategy
15.1.7. East Japan Foods Co Ltd
15.1.7.1. Overview
15.1.7.2. Product Portfolio
15.1.7.3. Profitability by Market Segments
15.1.7.4. Sales Footprint
15.1.7.5. Strategy Overview
15.1.7.5.1. Marketing Strategy
15.1.7.5.2. Product Strategy
15.1.7.5.3. Channel Strategy
15.1.8. Lucky Union Foods Co. Ltd.
15.1.8.1. Overview
15.1.8.2. Product Portfolio
15.1.8.3. Profitability by Market Segments
15.1.8.4. Sales Footprint
15.1.8.5. Strategy Overview
15.1.8.5.1. Marketing Strategy
15.1.8.5.2. Product Strategy
15.1.8.5.3. Channel Strategy
15.1.9. Gardein
15.1.9.1. Overview
15.1.9.2. Product Portfolio
15.1.9.3. Profitability by Market Segments
15.1.9.4. Sales Footprint
15.1.9.5. Strategy Overview
15.1.9.5.1. Marketing Strategy
15.1.9.5.2. Product Strategy
15.1.9.5.3. Channel Strategy
15.1.10. Tofurky
15.1.10.1. Overview
15.1.10.2. Product Portfolio
15.1.10.3. Profitability by Market Segments
15.1.10.4. Sales Footprint
15.1.10.5. Strategy Overview
15.1.10.5.1. Marketing Strategy
15.1.10.5.2. Product Strategy
15.1.10.5.3. Channel Strategy
16. Assumptions & Acronyms Used
17. Research Methodology
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Vegan Sashimi Market
