Fish Facts

Understand the supply constraints and market demands of the aquaculture industry.

  • The global aquaculture market produced over 69 million tons of seafood in 2013. Aquaculture revenues are projected to exceed $200 billion by 2020
  • Feed can account for up to 60% of the production cost of farmed fish
  • Humans consume 20 kg of fish per year – double the consumption from 1960
  • Fish are six times more efficient at converting feed than cattle; four times that of pork
  • An additional 27 million tons of fish production will be needed to meet demand by 2030
  • Over half of all seafood is produced by aquaculture; by 2030, aquaculture is projected to produce two-thirds of the global seafood supply
  • There are over 600 species of aquatic animals cultivated in aquaculture farms
  •  The supply of aquaculture feed needs to increase by over 400 million tons by the end of the century
  • 1/3 of the current harvest of wild fish is turned into aquaculture feed (fishmeal). The fisheries that supply fishmeal are declining and the current sources of fishmeal are unsustainable
  • Plant based replacements for fishmeal (e.g. soy) are not viable, long term alternatives

Sources

A Guide to Seafood & Aquaculture Technology: Startups Raise $193m in 2016 but More Innovation Needed, AgFunderNews, 16Feb2017
Rising cost of fishmeal has Japanese aquaculture firms scrambling