One-third of the world’s tuna stocks are now fished at unsustainable levels, according to the most recent State of the World’s Fisheries and Aquaculture report published by the United Nations’ Food and Agriculture Organization.
And since tuna cannot be sustainably farmed at scale, the need for alternatives becomes more urgent as demand for the fish continues to rise.
“We’ve developed a delicious, versatile product that makes an ideal plant-based substitute for raw tuna,” Selden [co-founder] said in a statement. “The feedback received from our culinary partners has been phenomenal, likening the flavor and texture to sushi-grade tuna.”
While other sectors of the plant-based industry—such as milk and meat alternatives—are more developed, plant-based seafood is still a white space that is expected to grow 28 percent annually over the next decade.
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While Finless Foods’ first commercial product is plant-based tuna, the company is still focused on developing cultivated (or cell-based) seafood alternatives and will bring them to market pending regulatory approval.
Currently, the only country in the world that allows the sale of cultivated meat is Singapore, where the sale of cultivated chicken made by GOOD Meat (a subsidiary of Eat Just) was approved in late 2020.
