Monday, 06 December 2021 14:53

Latvia: Major canned fish producer launches plant-based seafood range

EM6 21 News Int Karavela FishPeas Flake NoriLeavesThe popularity of plant-based products continues to increase. A Bloomberg Intelligence report predicts that the market for these products will grow to USD162bn in 2030 from USD30bn in 2020. Sensing an opportunity, Karavela, a leading producer of canned fish products based in Riga, has developed a line of canned seafood products made from yellow peas, a healthful and sustainable raw material. The company spent a year researching the market and conducting trials. Around EUR2.5m was invested and more than 100 recipes were tested before the product was brought to market. The new brand, Fish Peas, will promote a range of salads, spreads, and flakes made from yellow peas which have a very small carbon footprint when considering the entire production and processing chain. In addition to being plant-based the new range will also be gluten-free and without GMOs. Andris Bite, the company CEO, says that Karavela aims to combine its knowledge of canned seafood with the results of its research into plant-based ingredients to become a trendsetter in the plant-based fish product market. The new range was launched at the Anuga food and beverages show in Germany in October this year.