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FISH MEAT WITHOUT FISH! PLANT-BASED SEAFOOD IS SELLING LIKE HOTCAKES

PLANT-BASED SEAFOOD




 * Gino Biotech
 * July 6, 2021
 * 1:05 pm

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Abstract:

In order to reduce the burden on the environment, many people are reducing their
meat intake, and this trend is also blowing to plant-based seafood.




1. PLANT-BASED TRENDS

Among the food trends of recent years, there is one that we can probably all
agree on - the rise of veganism. Vegetarians in the UK have soared from 150,000
a decade ago to 540,000 today, a 350% increase, and the meat-eating nation of
the US now has 7.3 million vegetarians and 22.8 million people are adopting
vegetarian-leaning recipes. The popularity of vegan recipes, the popularity of
vegan accounts on Instagram, the growing number of vegans around you - these are
all signs of a growing vegan market.


2. NEW CATEGORY: PLANT-BASED SEAFOOD



In order to reduce the burden on the environment, many people are reducing their
meat intake, and this trend is also blowing to plant-based seafood.

There's another category that's been booming lately: Plant-based seafood (vegan
seafood). Basically any seafood you can think of that has been mimicked with
vegan food has been replaced in nutritional value by grain proteins and soy
proteins.

The people who tried plant-based seafood said: No way, no way, it's really super
delicious. The people could not help but sigh, eat into the mouth of Q-string
fried shrimp, but there is no shrimp, and the common fried fish, and even the
higher unit price of dried scallops, crab meat cakes, but also all made of
plants, not a bit of seafood.


3. PLANT-BASED SEAFOOD NEAR ME

Plant-Based Seafood Company

They're already taking over U.S. restaurants in the vegan craze - New York salad
chain Fresh & Co. uses tomato sushi in its quinoa salad; May Wah Vegan Cuisine
sells vegan salmon, vegan scallops and vegan tuna; and consumers can buy vegan
seafood at Whole Foods. Whole Foods also offers crab cakes and vegetarian fish
nuggets that do not contain crab meat.

Monica Talbert, an American plant-based seafood producer: "Having worked in the
seafood industry for many years, many of these conditions are unacceptable and
have inspired us to develop seafood that is different from the options available
on the market and that will make the planet sustainable.



This traditional seafood processing plant in Virginia, USA, which has been
operating for 20 years, is determined to transform into a plant-based seafood
company, using plants such as artichokes instead of underwater organisms, in
order to implement the concept of marine environmental protection.

Foreign media financial reporter (2021.01.11): "New Wave Foods announced that
its plant-based seafood products have received US$18 million in Series A
financing from investors including Enrichment Investment, Evolution VC Partners,
and Tyson Foods.

Tyson, the largest meat processor in the U.S., has taken a liking to San
Francisco start-up New Wave Foods, which produces vegetarian shrimp with green
beans and seaweed, and Nestle, which has spent less than a year on research and
development.


4. PLANT-BASED SEAFOOD MARKET

The vegetarian seafood market is growing at a rate of more than 20% per year.
Big food companies have invested in vegan startups this year (Tyson, the largest
U.S. meat producer, bought a 5% stake in Beyond Meat, which also counts Bill
Gates and General Mills among its investors; Pinnacle Foods also bought Gardein
Protein International, which makes vegan chicken and beef, two years ago), and
Some more Fortune 500 companies are reportedly starting to inquire about the
vegan seafood industry - Sophie's Kitchen, one of the more popular consumer
names in the sector, has received similar requests for exposure.

Eugene Wang, one of the founders of Sophie's Kitchen, started the business
because his daughter was allergic to shrimp, so he decided to find a seafood
alternative that wouldn't trigger allergies. Their products now use soybeans to
provide protein and konjac to emulate the taste of shelled seafood. However,
although the original starting point was for people with seafood allergies,
their Facebook page is not exempt from every entry promoting aquatic animal
welfare or veganism.

Foreign media financial reporter: "Meat without meat is hot, but fish products
without fish meat, may be the next new battlefield, analysts predict that by
2024, the global market for vegetarian meat, will reach $ 23 billion.




5. PLANT-BASED SEAFOOD IN THE FUTURE

Following Impossible Foods and Beyond Meat, which made a name for themselves in
the plant-based meat sector, the future of plant-based seafood is looking good.

Despite the faster growth of the plant-based seafood market and the increase in
startups, however, according to Michele Simon, executive director of the Vegan
Society, vegan seafood still represents a small portion of the vegan market
because vegan consumers are not as concerned about the environmental issues and
humane welfare of aquatics as they are about the land-based industry. She also
observes that "terrestrial animals get more sympathy".

Veganism aside, for people with seafood allergies, realistic tasting vegetarian
seafood is a good option to satisfy their cravings.





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