With the increasing damage to marine ecology and the rise of overfishing, people are starting to shift their consumption choices to seafood analogs. There are many factors that can trigger an increase in consumer demand, even in segmented and niche markets. Consumer acceptance can be impacted from sensory attributes, emotional reactions, knowledge, and what they plan to do. These responses are also shaped by previous experience and familiarity, personal characteristics, and food traditions. External influences also play a crucial role, particularly through marketing campaigns that highlight environmental benefits, clear product labeling that provides nutritional information, and strategic pricing to match different market segments. However, by adapting several strategies from the meat analogs industries, alternative seafood products have high potential to reach a wider market. One crucial aspect of seafood analog development is production cost. Companies should maintain the financial aspects of production, such as raw materials, advanced technological machinery, process optimization, and cell cultivation process, specifically for cell-based analogs, which lead to efficiency and affordable price of products. This market potential is demonstrated by the current global distribution, where North America leads with 44.6% market share, followed by Europe and Asia-Pacific. Traditional seafood companies are also adapting to this shift through various strategic approaches, from direct investment in alternative protein start-ups to forming partnerships that combine conventional market expertise with new technology development. Therefore, the success of the seafood analogs industry relies on the combination of several strategies, from consumers and efficient and sustainable production to collaboration with various business sectors.

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Market Potential of Seafood Analogs

  • Tian Nur Ma’rifat,
  • Arief Rahmawan

摘要

With the increasing damage to marine ecology and the rise of overfishing, people are starting to shift their consumption choices to seafood analogs. There are many factors that can trigger an increase in consumer demand, even in segmented and niche markets. Consumer acceptance can be impacted from sensory attributes, emotional reactions, knowledge, and what they plan to do. These responses are also shaped by previous experience and familiarity, personal characteristics, and food traditions. External influences also play a crucial role, particularly through marketing campaigns that highlight environmental benefits, clear product labeling that provides nutritional information, and strategic pricing to match different market segments. However, by adapting several strategies from the meat analogs industries, alternative seafood products have high potential to reach a wider market. One crucial aspect of seafood analog development is production cost. Companies should maintain the financial aspects of production, such as raw materials, advanced technological machinery, process optimization, and cell cultivation process, specifically for cell-based analogs, which lead to efficiency and affordable price of products. This market potential is demonstrated by the current global distribution, where North America leads with 44.6% market share, followed by Europe and Asia-Pacific. Traditional seafood companies are also adapting to this shift through various strategic approaches, from direct investment in alternative protein start-ups to forming partnerships that combine conventional market expertise with new technology development. Therefore, the success of the seafood analogs industry relies on the combination of several strategies, from consumers and efficient and sustainable production to collaboration with various business sectors.