New IntraFish Business Intelligence report is out now: Plant-based seafood: The Threats and Opportunities. Get your FREE sample report today. Report delves into plant-based and cell-grown seafood alternatives, sectors which saw recent rapid growth as a protein source and as an ingredient for making protein-rich foods that mimic shrimp, fish and other seafood products. Reach out to us at Intelligence@IntraFish.com for more information.
Food trends come and go, but the latest -- the plant-based food revolution -- is here to stay, at least if the investors pouring millions into the companies have their way.
The most prominent example, Beyond Meat, is now worth $8.6 billion (€7.8 billion), with shares up over 120 percent since its May initial public offering on the NASDAQ.
The plant-based food industry is estimated to be worth $140 billion (€127 billion) within the next decade, potentially capturing 10 percent of the $1.4 trillion (€1.3 trillion) global meat industry, according to a report from Barclay's.
With meat-eaters, vegans and vegetarians all target markets for the product, the net plant-based seafood can cast is wide. Exactly what percentage of the seafood sector could be stolen away remains to be seen, but here's a list of the most prominent companies that will do their best to carve out their niche, including not just plant-based, but some focusing on lab-grown options.
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