Alternative seafood products will supplement the global market supply-demand

Published 2023년 11월 21일

Tridge summary

A recent study by McKinsey & Company predicts that global seafood demand will increase by 14% by 2030, leading to a surge in the purchase of alternative seafood options. This demand is driven by the fact that 85% of the world's fisheries have reached or exceeded sustainable limits. The study highlights shrimp, tilapia, tuna, salmon, and lobster as the most vulnerable to substitution and recommends cell culture, fermentation production, and plant-based products as the main routes for alternative production.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

News from SeafoodMedia on November 17, a recent study conducted by McKinsey & Company in the United States and published a report titled "The Next Wave: Alternative Seafood Solutions" stated that by 2030 , global seafood demand will surge by 14%, which may lead to a large purchase wave of alternative seafood. The surge in demand comes as 85% of the world's fisheries have reached or exceeded their sustainable limits, and restrictions on fish farming are further exacerbating pressure on traditional seafood supplies. The analysis identifies five of the most popular seafood products: shrimp, tilapia, tuna, salmon and lobster, which are particularly vulnerable to substitution. The report highlights that tuna ranks third in the global market and its production is limited due to difficulties in farming. Heavy reliance on wild-caught fish makes tuna a prime choice for alternative production. McKinsey's research identified three main alternative production routes: cell culture, ...

Source: Foodmate