Plant-based seafood takes center stage over plant-based meat

Companies such as Beyond Meat Inc and Impossible Foods recorded strong sales. Earlier this year, Target launched its own line of 30 vegan food options. Even giant Tyson Foods started its work with the recent introduction of Vegan Brat Worst and Hamburger Patty. Plant-based meat sales are skyrocketing, but do you have a similar desire for plant-based seafood? , And they’re flocking to alternative seafood spaces. According to the website, sales in this sector will increase by 23% from 2019 to 2020, according to data from the Good Food Institute, a non-profit organization whose mission is “to accelerate innovation in alternative proteins to the ‘international”. low. According to the Institute, $ 116 million was invested in the seafood space in the first half of 2021, surpassing a total of $ 90 million in 2020. Plant-based seafood can help reduce demand of freshly caught fish and curb overfishing, which can reduce fish populations. According to the Natural Resources Defense Council, it reduces marine biodiversity and harms habitats. According to Molly Masterton, the group’s chief fisheries officer, around £ 5 billion worth of seafood is consumed each year in the United States, over 90% of which is harvested, grown and processed in countries without strict seafood controls. the sea. Environmental benefits, according to Masterton, providing consumers with more sustainable, affordable and traceable options is a “positive development” for the ocean and the environment. She added that adding plant-based seafood options to the market could ease the pressure on some of the most sought-after species of fish. Many herbal options on the market list ingredients that include seaweed, peas, or certain legumes. For example, the plant-based seafood startup Good Catch uses peas, chickpeas, lentils, soybeans, broad beans and white beans in products such as fish fingers, fish fillets, fish burgers, crab cakes and fish cakes. I am. Catch recently finalized a round of financings to secure $ 26.35 million through investments from companies such as Louis Dreyfus Company, Unovis Asset Management and Big Idea Ventures. “The only truly sustainable seafood is the seafood that allows the fish to stay in the ocean,” said Chad Sarno, co-founder and chef of Goodcatch. Tuna suppliers own a number of brands of tuna, including Chicken of the Sea, which sold the first canned goods in the United States in 1930. According to the company’s website, Thai Union is currently focusing on products from the herbal sea. Earlier this year, we launched plant-based seafood into the Thai market, offering crab balls, crabmeat, fish nuggets and more. Hong Kong-based startup Omni Foods, known for its fake “Omni Pork” pork product, is also entering the factory. Launch a new product line that includes basic trends in seafood, fish fillets, fish burgers and tuna cut alternatives. Nestlé is also focusing on seafood options, particularly in Europe. In August, the company launched Vuna, a vegan alternative to tuna. “The demand for herbal products is increasing significantly not only in Europe, but in other countries,” said a spokesperson for Nestlé. The company expanded into this sector last year and aims to bring new products to market quickly. For example, Vuna was developed in about nine months, added a spokesperson. Seaweed-Based Shrimp In September 2019, Tyson Foods’ venture capital division invested in New Wave Foods, a plant-based fish company that sells seaweed-based shrimp. 90% of American shrimp are imported and more than half come from shrimp farms that pollute and pollute the ocean, ”New Wave Foods co-founder Michelle Wolf told CNN Business. There, Wolf and his team used their creativity to create alternatives to shrimp from plant-based ingredients such as seaweed extract, mung bean protein, and sunflower oil. Wolf wants people to incorporate alternative seafood options into their lifestyles, but consumers should completely change their diets and replace traditional seafood with plant-based options. “Even if it’s once a week, these small changes can build up across the population and have a positive impact on public health and our entire environment,” she said.

Companies such as Beyond Meat Inc and Impossible Foods recorded strong sales. Earlier this year, Target launched its own line of 30 vegan food options. Even giant Tyson Foods has been involved in the recent introduction of Vegan Bratwurst and Hamburger Patty.

Sales of plant-based meat are skyrocketing, but do you have a similar desire for plant-based seafood?

Many small businesses certainly want that, and they are flocking to alternative seafood spaces. According to the website, sales in this sector will increase by 23% from 2019 to 2020, according to data from the Good Food Institute, a non-profit organization whose mission is “to accelerate innovation in alternative proteins to the ‘international”. low. According to the Institute, $ 116 million was invested in the seafood sector in the first half of 2021, surpassing a total of $ 90 million in 2020.

According to the Natural Resources Defense Council, plant-based seafood reduces demand for freshly caught fish, fish populations, marine biodiversity, and overfishing that can harm habitats. Can help remove. According to Molly Masterton, the group’s chief fisheries officer, around £ 5 billion of seafood is consumed each year in the United States, over 90% of which is harvested, grown or processed in countries without strict seafood controls. the sea. rise.

Environmental benefits

“Providing consumers with more sustainable, affordable and traceable options” is a “positive development” for the ocean and the environment, said Masterton. She added that adding plant-based seafood options to the market could ease the pressure on some of the most sought-after species of fish.

Many herbal options on the market list ingredients that include seaweed, peas, or certain legumes. For example, plant-based seafood startup Good Catch uses peas, chickpeas, lentils, soybeans, broad beans, and white beans in their products. This includes fish fingers, fish fillets, fish burgers, crab cakes and fish cakes.

Good Catch recently finalized a round of financings to secure $ 26.35 million through investments from companies such as Louis Dreyfus Company, Unovis Asset Management and Big Idea Ventures. Chad Sarno, co-founder and culinary director of Goodcatch, told CNN Business:

Demand for throat fish is increasing

One of the largest suppliers of canned tuna in the world, the Thai Union Group owns many brands of tuna, including Chicken of the Sea, which sold its first can in the United States in 1930. Currently, Thai Union is focused on plant-based seafood. Company Website. Earlier this year, we launched plant-based seafood into the Thai market, offering crab balls, crabmeat, fish nuggets and more.

Hong Kong startup OmniFoods, known for its fake pork product OmniPork, has also entered the plant-based seafood trend, launching a new product line that includes fish fillets, fish burgers and alternatives to tuna.

Nestlé is also focusing on seafood options, particularly in Europe. In August, the company launched Vuna, a vegan alternative to tuna. “The demand for herbal products is increasing significantly not only in Europe, but in other countries,” said a spokesperson for Nestlé. The company expanded into this sector last year and aims to bring new products to market quickly. For example, a spokesperson added that Vuna was developed in about nine months.

Seaweed-based shrimps

In September 2019, Tyson Foods’ venture capital arm invested in New Wave Foods, a plant-based fish company that sells seaweed-based shrimp.

“About 90% of American shrimp are imported and more than half come from shrimp farms that pollute and pollute our oceans,” New Wave Foods co-founder Michelle Wolf told CNN Business. paddy field. There, Wolf and his team used their creativity to create alternatives to shrimp from plant-based ingredients such as seaweed extract, mung bean protein, and sunflower oil.

Wolf wants people to incorporate alternative seafood options into their lifestyles, but doesn’t expect consumers to completely change their diets to replace traditional seafood with plant-based options. “Even if it’s once a week, these small changes can build up across the population and have a positive impact on public health and our entire environment,” she said.

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