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    Home > Food News > Food Articles > Tai Wansheng signed a contract with plant shrimp producer to expand sales of alternative protein in the United States

    Tai Wansheng signed a contract with plant shrimp producer to expand sales of alternative protein in the United States

    • Last Update: 2022-09-06
    • Source: Internet
    • Author: User
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    United States
     
    Headquartered in Wilmington, Delaware, ISH Food Company's plant-based shrimp product,"Shrimpish," is made from ingredients such as coconut, soy protein, and konjac, and is currently sold
    at some colleges, universities, and restaurants in the United States.
    ISH Food Company also plans to develop products
    such as plant-based salmon, cod, lobster and crab.
    protein
     
    Maarten Geraets, General Manager of Tai Wansheng's Alternative Protein Business, said: "We are delighted to have an alliance with ISH to expand our presence
    in the field of alternative proteins.
    As we continue to increase our focus and investment in sustainable seafood alternatives, our Corporate Risk group has been working closely
    with start-ups in the innovative alternative protein space.
     
    Earlier, Geraets told UCN that In recent years, Tai Wansheng has increased its investment in the alternative protein business and set a sales target
    of $30 million for 2025.
    He expects global retail sales in the alternative protein segment to be between $30 million and $50 million in 2020, and Taiwansheng plans to seize this market opportunity and contribute to
    the development of the integration industry.
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