Future Ocean Foods, a global association for producers of alternative seafood products, was unveiled today with an inaugural membership base of 36 companies across 14 countries, including the U.S., Canada, the UK and Singapore.
Spanning plant-based, fermentation and cultivated foods and technologies, Future Ocean Foods members are united to promote food security, human health, environmental sustainability and ocean conservation. Alternative seafood is a relatively nascent but fast-growing category, helping to solve key challenges facing the growing global demand for protein.
Member companies are: Akua (USA), Algarithm (Canada), Aqua Cultured Foods (USA), Atlantic Fish Co. (USA), Avant Meats (Singapore), Bettaf!sh (Germany), Boldly Foods (Australia), By2048 (Canada), Current Foods (USA), FoodSquared (UK), Good Catch (USA), Hooked Foods (Sweden), Impact Food (USA), Infusd Nutrition (Canada), Konscious Foods (Canada), Koralo Foods (South Korea), Loki Foods (Iceland), Mara (Canada), Mindblown by The Plant Based Seafood Co. (USA), Natures Crops (UK), New School Foods (Canada), Ordinary Seafood (Germany), Oshi (Israel), Poseidona (Spain), Revo Foods (Austria), Save Da Sea (Canada), SeaSpire (India), SeaVoir (USA), Seed To Surf (Canada), Simpliigood (Israel), Smallfood (Canada), Sophie’s Bionutrients (The Netherlands), SoundEats (USA), Umami Bioworks (Singapore), Vegan Finest Foods (The Netherlands) and Wicked Kitchen (USA).
Invested capital into the space grew 92% from 2021 to 2022, the association’s figures show, and U.S. retail sales grew 42% over a similar period. “The worldwide plant-based food market is expected to surpass $100 billion by 2030 and the alternative seafood industry is poised to capitalize on this,” their launch statement said.
Members are using plant-based ingredients and cellular technology to create alternatives for whole-cut salmon filets, sushi-grade tuna, smoked salmon, flaky white fish, shrimp, crab, calamari and much more.
“Alternative seafood is such an exciting and investable industry, in large part because there are so many different species to develop,” today’s statement said. “It moves the alternative protein industry beyond the burger and the nugget, and past North American diets, which is crucial, as more than 3 billion people around the world eat seafood as their primary source of protein.”
Future Ocean Foods arrives at a critical time because, “The world is in the midst of a climate crisis and our oceans face significant peril, with a predicted total collapse of global fisheries by 2048 due to human-led destruction and climate change.”
Future Ocean Foods, apparently headquartered in Halifax, Nova Scotia, also is partnered with three organizations working to transform the global food system: Good Food Institute (GFI), ProVeg International and Global Organization for EPA & DHA Omega-3s.