Plant-based meat was all the rage. Now plant-based seafood is taking the spotlight
Plant-based meat sales are soaring, but is there a similar appetite for plant-based seafood?
A host of small companies certainly hope so, and they’re crowding into the alternative seafood space. Sales in the sector grew 23% from 2019 to 2020, according to data from The Good Food Institute, a nonprofit whose mission is “to accelerate alternative protein innovation internationally,” according to its website. In the first half of 2021, the institute said, $116 million has been invested in the seafood space, exceeding 2020’s total of $90 million.
Plant-based seafood could help alleviate the demand for fresh-caught fish, curbing overfishing that can decrease fish populations, reduce biodiversity in the ocean and harm habitats, according to the Natural Resources Defense Council. About 5 billion pounds of seafood are consumed every year in the United States, according to Molly Masterton, the group’s fisheries director, with more than 90% of it harvested, farmed, or processed in countries that lack rigorous seafood management laws.
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