News
Plant-Based Seafood Market to Skyrocket, Increasing 13X to US$1.3 Billion in Next Decade
The market for alt seafood is set to explode. A brand new market report released in the wake of Seaspiracy finds that the global plant-based fish market is projected to surge at an impressive CAGR of around 28% from 2021 to 2031, to top a valuation of US$ 1.3 billion by 2031. Interestingly, the report finds that plant-based shrimp is to emerge as the most consumed type over coming years. Current producers of alternative shrimp include New Wave Foods, Thai Union, Shiok Meats (cell cultivated) and The Plant-Based Seafood Co., which has won awards for its coconut shrimp product. Currently,...
Sea Change
Designed to disrupt the multibillion-dollar seafood industry and help protect our planet's oceans, plant-based seafood alternatives are making major waves. When the Good Food Institute unveiled its top eight alternative protein trends for 2021, one entry nodded to modern manufacturers increasingly looking "beyond the burger"—and, thankfully, seafood alternatives comprise one category that's enjoying major growth. This shift is long overdue, as the World Wildlife Fund (WWF) reports that "fish ranks as one of the most highly traded food commodities," fueling a $362 billion industry worldwide. Until recently, relatively few manufacturers dipped a toe into the waters of plant-based seafood alternatives,...
8th March every year is International Women’s Day, and FoodHack is here to celebrate the top women changing the future of food.
We asked our network to nominate founders, leaders and innovators in the food tech space, and wow did you guys/girls come through! We were overwhelmed by the responses, introducing us to incredible women all over the world working on everything from cell-based meats, to microalgae infused drinks, upcycled meals, functional foods, and lots more. 🤷Why: FoodTech is booming with female leaders but yet, still only 3% of agri-food tech investment dollars go to female-founded companies and we feel that's just not good enough.As a media outlet in the foodtech space, and with a team of 7 women, 4 who are mothers,...
Is the plant-based seafood industry swimming upstream?
Plant-based seafood has made up a much smaller part of the market than plant-based alternatives to beef and chicken, but there’s evidence that the rising tide of demand for plant-based options could be lifting a growing number of boats. Even as sales of plant-based meat, dairy and egg alternatives have soared in recent years, vegan alternatives to fish and other seafood have often trailed in the wake of big names like Impossible Foods, Beyond Meat and Eat Just. Consumers were increasing their exploration of plant-based options even before the pandemic hit, and new products were coming onto the market that made going flexitarian...