Investments in alternative seafood products nearly doubled in 2021 over levels the year before, according to a new report from the nonprofit group Good Food Institute (GFI).

A total of $175 million (€162 million) was invested in companies producing or planning to produce seafood made from plant material, grown from cells or produced using a fermentation process. The investment reflects a 92 percent increase from the $91 million (€84.3 million) invested in the sector in 2020.

The investments spanned 24 deals in total.