Plant-Based Shrimp Is the Next Big Thing: New Wave Foods CEO

The video discusses the importance of maintaining taste and texture in consumer products, specifically focusing on the shrimp industry. It highlights the environmental issues associated with shrimp farming and introduces New Wave Foods' plant-based shrimp alternative as a solution. The video draws parallels between the current opportunity for plant-based seafood and the early days of companies like Beyond Meat and Impossible Foods. It emphasizes the growing trend towards sustainable eating and the potential for New Wave Foods to revolutionize the seafood industry with its upcoming range of plant-based shellfish products.

Why is it crucial for New Wave Foods to offer a delicious shrimp alternative?

• To increase the import of shrimp

• To compete with traditional shrimp farms

• To ensure consumer satisfaction and success

• To reduce the cost of production

What percentage of shrimp consumed in the US is imported?

• 100%

• 70%

• 90%

• 50%

How does the opportunity for plant-based seafood compare to that of Beyond Meat and Impossible Foods?

• It is less significant

• It is similar

• It is more challenging

• It is unrelated

What trend is aiding the growth of plant-based foods?

• Decline in environmental awareness

• Decrease in seafood consumption

• Shift towards sustainable eating

• Increase in meat consumption

What products does New Wave Foods plan to introduce to the market?

• Traditional seafood

• Plant-based fish

• A variety of plant-based shellfish

• Only shrimp alternatives