July 14, 2022
Although research shows that shrimp is the most popular seafood product in the United States, consumer concerns about ocean pollution are changing ordering habits. Alt shrimp producers around the world are responding to the demand for eco-friendly seafood options, with 72% of consumers saying they don’t want their seafood consumption to harm the environment, such as reports Restaurant Business Online.
With alternative shrimp looking like the next big segment of alternative seafood, vegconomist takes a look at the biggest players in the emerging market.
Aquatic Cultured Foods
The Chicago-based women-led food tech startup recently launched its “first whole muscle cut seafood” market. Using its new fermentation technology, Aqua Cultured Foods has developed alt shrimp as well as calamari.
happy ocean foods
Seafood company Alt Happy Ocean Foods had a big hit on The Lion’s Den, the German version of the show known as Shark Tank in the US and Dragon’s Den in the UK. The plant-based seafood brand received investment from two judges, including former Formula 1 world champion Nico Rosberg, after showcasing its flagship plant-based prawns.
The South Korean company developed cultured shrimp after raising $14.1 million in funding. The cellular agriculture startup is currently doubling pilot production of its cultured shrimp ahead of entering the B2B and B2C market in Singapore within the next 12 months.
Luxury seafood brand Cavi art claims to be the producer of Europe’s best-selling vegan caviar, and the Danish brand is currently working to expand its range of affordable gourmet seafood alternatives by creating a shrimp alternative to based on sustainably harvested seaweed.
Global food conglomerate Nestlé recently launched Vrimp through its herbal brand Garden Gourmet. Vegan Vrimps are made with seaweed, peas and konjac root and taste and texture like shrimp, according to the brand. The multinational has made a series of investments in alternative proteins and obviously wants to penetrate various segments.