Aquaculture is a rap idly growing and important source of animal pro tein nutrition, particularly in low- and middle-income countries (LMICs). Native species populations often dwindle when farmed species escape and begin to compete for food sources. Yield and productivity gains conceived during the Green Revolution have seen us through until now, but will they do so as population levels continue to rise? Fig. From 1970 to 1995, “the number of fishers and fish farmers more than doubled” to 30 million worldwide. The food industry, especially, is influenced by changes that occur in aquaculture—for example, more than half of seafood consumed worldwide is produced by the aquaculture sector. have proven to be especially effective at improving both the composition and the nutritional quality of feed. Please enable JavaScript to view the site. In terms … In an industry that’s experiencing massive development, aquaculture shows great promise despite exhibiting signs of growing pains. But Australia will only be able to be a world leader in production of species that command a high margin to compensate for the higher cost environment, and this margin will be driven by Asian consumers demand and perception. Aquaculture is the fastest growing sector of agriculture in the world. Since the 1980s, when growth rates allowing an economic return were achieved, world aquaculture production has increased from 7% of global fisheries to over 40%. Agricultural Land area: World Bank, http://data.worldbank.org/indicator/AG.LND.ARBL.ZS, Global Aquaculture Market was valued at over US$ 170 billion in 2017 and … Among the list of countries planning to expand their aquaculture market share are China, India, the United States, Norway, Russia, Nigeria, and many more. When aquatic plants are included in the total aquaculture figures, aquaculture production outstrips that of capture fisheries for the first time (total aquaculture production of 61 million tonnes and 92 percent of the world's production). Three factors routinely enter the discussion surrounding aquaculture’s sustainability: Aquaculture farms that deplete many of the environment’s natural resources can easily disrupt natural habitats. Fishmeal is the main source of feed in many aquaculture operations. Countries like Nigeria, Madagascar, and Zambia are currently the largest producers of aquaculture on the African continent. This includes some of the drivers we expect to shape the future of the industry and potential challenges that may arise. 3 Not only does the emerging macro scenario make aquaculture attractive but there are intrinsic characteristics that differentiate it from more traditional agricultural production. Many organizations are already calling for restrictions on the use of antibiotics and—in some cases—proposals have been presented to completely, the number of fishers and fish farmers more than doubled. Feed systems have also changed to meet the growing demand for higher inclusion of nutrients in aquaculture diets. Take a look at the products and services we offer. The “Oman Fisheries and Aquaculture Market - Growth, Trends, and Forecast (2020 - 2025) ” report has been added to ResearchAndMarkets.com’s offering. “Aquaculture is expected to continue its growth in 2018, albeit at a gradually declining rate. This growth results mainly from a continuous increase in production in China. Please see, Global investment and innovation incentives, Telecommunications, Media & Entertainment, http://data.worldbank.org/indicator/AG.LND.ARBL.ZS, http://data.worldbank.org/indicator/AG.YLD.CREL.KG, http://stats.oecd.org/index.aspx?queryid=58653, http://creativecommons.org/licenses/by/3.0, http://www.fao.org/fishery/countrysector/naso_australia/en, Opportunities for restructuring in the agri sector, Latest reports, infographics & case studies. DTTL (also referred to as “Deloitte Global”) does not provide services to clients. Read our latest commentary, opinion-pieces and advice. But if we want to shape more sustainable and equitable growth of aquaculture globally we have to better understand how the industry is organized from production, trade to consumption. Between 2000 and 2006, production of fed aquaculture in China increased by 6.8 million tonnes (7.1 per cent annual average growth). for Environment, Food & Rural Affairs Indicator 7: Poultry sector See Terms of Use for more information. Porter’s five forces analysis highlights the potency of the buyers and suppliers to enable stakeholders to make profit-oriented business decisions and strengthen their supplier–buyer network. Experts are calling for new and innovative farm designs and for an improvement in farming practices. Having found that aquaculture’s issues regarding sustainability come primarily from a lack of monitoring capabilities, Dalhousie University computer. 2. Explore the latest strategic trends, research and analysis. The growth is backed by government support and initiatives in order to raise the domestic production. Part B: Trends in Aquaculture Aquaculture has been the fastest growing segment of food production in the world. The aquaculture market reached $86 billion in 2009. www.flaticon.com is licensed under http://creativecommons.org/licenses/by/3.0 Creative Commons BY 3.0, 6. Store. The report provides a quantitative analysis of the current aquaculture market trends, estimations, and dynamics of the market size from 2019 to 2027 to identify the prevailing opportunities. Feed additives have proven to be especially effective at improving both the composition and the nutritional quality of feed. From wooden cages in the 1960’s to the current standard of polyethylene cages and hinged steel cages, equipment has slowly shifted from a mechanical to a more technological focus. Shrimp farms are especially notorious for contributing to environmental devastation. The report presents a comprehensive analysis of growth trends prevailing in the global business domain. Over the next decade, all indications show continued growth. of all globally captured fish are used to create fishmeal or oil. 1089, http://stats.oecd.org/index.aspx?queryid=58653, 3. The Brazilian Fisheries and Aquaculture Sector is projected to register a CAGR of 3.5% during the forecast period. The global shrimp market recorded a volume of 4207.89 thousand metric tons in 2019, projected to grow at an estimated CAGR of 1.4%, during the forecast period. Join our network to stay in touch and receive our latest opportunities. Agriculture: Australian fisheries statistics 2012, Rob is a senior M&A partner within Deloitte Financial Advisory with more than 20 years' experience and currently leads the Financial Advisory and M&A team in Queensland. In addition, farmed species can drastically alter native gene pools when introduced to the wild. Aquaculture is the fastest-growing sector in the food animal industry. Aquaculture is also the fastest growing animal food production sector in the country. This results in the overfishing of many native species, which tends to suppress natural reproduction rates. Looking forward, IMARC Group expects the market to exhibit strong growth during 2020-2025. The answer is probably that of more traditional agricultural produce… but with a twist. Be the first to hear about our Deloitte student opportunities, The growth of global aquaculture - Fishy business has been saved, The growth of global aquaculture - Fishy business has been removed, An Article Titled The growth of global aquaculture - Fishy business already exists in Saved items. Consumer demand for best quality in taste and production methods. Liability limited by a scheme approved under Professional Standards Legislation. The rate of growth of aquaculture development within the decade 1988-1997 ranges from almost nothing to over 60 percent in some countries. Social login not available on Microsoft Edge browser at this time. Aquaculture equipment has changed dramatically over the past 70 years. The overall aquaculture production in 1997 is below 200 000 mt, a figure that represents less than 0.5 percent of global aquaculture production. Rob's experience includes two ... More. COVID-19 UPDATES: From crisis comes resilience and opportunity for salmon farmers - November 24, 2020. With the World Health Organization labeling AMR a major threat to worldwide health, the discussion of antibiotic use will take center stage in 2018. Australian Government Dept. DTTL and each of its member firms are legally separate and independent entities. During the World Aquaculture Society’s annual conference in 2017, Africa was the main topic of conversation. 3 Feed conversion ratio comparisons5. The commercial Sydney rock oyster industry began in the early 1800s.6 However, significant industry growth only commenced in the 1980s with production increased to a value of $1.1billion 2012. FISHERIES - OECD-FAO Agricultural Outlook 2014-2023, Economic analysis of supply and demand for food up to 2030 – Special focus on fish and fishery products FAO Fisheries and Aquaculture Circular No. So we must look to food production methods with lower land-use intensity, such as commercial aquaculture. Icons from: http://www.freepik.com and http://www.flaticon.com. Fig. The profile of Australia’s fish exports already reflects a focus on higher value produce, mainly abalone, rock lobster and tuna. But as marginal gains become more difficult the opportunity presented by our liquid assets becomes more appealing. The "Brazil Fisheries and Aquaculture Market: Growth, Trends and Forecast (2020-2025)" report has been added to ResearchAndMarkets.com's offering.. The growth rate of worldwide aquaculture has been sustained and rapid, averaging about 8% per year for over 30 years, while the take from wild fisheries has been essentially flat for the last decade. A key factor is the feed conversion ratio (kilos of feed required for a 1kg increase in weight). OECD-FAO Agricultural Outlook 2014-2023 : FISHERIES - OECD-FAO Agricultural Outlook 2014-2023, 5. Capture fisheries increased by 3.5 percent over that of 2004 (driven mainly by growth in Southeast Asia) and 13 percent for total aquaculture (driven mainly by growth in China … It’s been often written about but Australia’s proximity to a growing Asian middle class underlines the opportunity. Aquaculture - the practice of farming food in the water - is expanding rapidly around the world. Fig. Aquaculture Growth to 2030 A Strategic Plan for farming Scotland s seas Scotland Food & Drink 3 The Royal Highland Centre Ingliston, Edinburgh EH28 8NB 0131 335 0940 www.foodanddrink.scot Follow us on Twitter @scotfooddrink . Approximately. Your email address will not be published. Liability limited by a scheme approved under Professional Standards Legislation. in 2017, Africa was the main topic of conversation. The fisheries and aquaculture sector of Kuwait is projected to register a CAGR 6.7% during the forecast period(2020-2025). Aquaculture is the fastest growing sector of agriculture in the world. Or brand value that can be exploited, and for which consumers are willing to pay a little more. Since the 1980s, when growth rates allowing an economic return were achieved, world aquaculture production has increased from 7% of global fisheries to over 40%.3 Not only does the emerging macro scenario make aquaculture attractive but there are intrinsic characteristics that differentiate it from more traditional agricultural production. Aquaculture is an especially important economic activity in China. The reasons for these exceptions are region dependant, but a trend is clear: in the twenty-first century aquaculture growth requires political will to promote appropriate policies, strategies, and private and public investment, stated FEAP. The efficiency of feed conversion into protein is twice as high for commercial aquaculture as land-based protein production systems. 1 Population, global farm land and yield comparison (Index)2. Cereal Yields: World Bank http://data.worldbank.org/indicator/AG.YLD.CREL.KG, World Population: UN, http://esa.un.org/unpd/ppp/, 4. World population growth has out-paced any material change in the area of agricultural land. AMR has, compromise the treatment of bacterial infections. Salmonoid species are an interesting exception; high domestic production and low export values can be largely attributed to quarantine restrictions on fresh salmon imports. FISHERIES - OECD-FAO Agricultural Outlook 2014-2023, Economic analysis of supply and demand for food up to 2030 – Special focus on fish and fishery products FAO Fisheries and Aquaculture Circular No. Commercial aquaculture might be the answer. Magazine + Enews; ENews ; Generic selectors. One thing is for sure—. Poultry: UK Dept. Magazine + Enews; Enews; Subscribe. Reducing the negative impacts of Phytate in feed, Global Shrimp Markets: Looking Beyond the Pandemic, Food Technologies: Creating sustainable food systems, Fermented wheat bran enhances broiler performance. Among the list of countries planning to expand their aquaculture market share are China, India, the United States, Norway, Russia, Nigeria, and many more. 2 Global fisheries production 1980-2022 (historic and forecast)4. A competitive response by Australian aquaculture is therefore to focus on the products that have: High value items such as abalone, which is considered a delicacy in East Asian countries and commands export prices in excess of $100 per kilogram, could be one such opportunity. Required fields are marked *. Government support to the sector, the rapid increase in demand from the consumers, and the increasing sale of fish via social network platforms are some of the drivers of the market. Exact matches only. That’s why greater investment is needed in the indus- 1089. This is not to suggest that Australia’s aquaculture production will consolidate to exist exclusively as tuna, abalone and salmon (if import restrictions remain), there will always be the possibility for niche plays or opportunity for lower margin products. Aquaculture equipment has changed dramatically over the past 70 years. Deloitte provides a broad range of services around M&A, restructuring, economics and capital optimisation as well as finance transformation, turnaround, business modelling and real estate advisory services. The introduction of semi-intensive and intensive farming practice, where producers actively influence the growing condition of the fish, has been the main engine for growth in aquaculture production. In an industry that’s experiencing massive development, aquaculture shows great promise despite exhibiting signs of growing pains. Also, with changing lifestyles, this trend … Over the next decade, all indications show continued growth. FAO National Aquaculture Sector Overview: Australia, Deloitte refers to one or more of Deloitte Touche Tohmatsu Limited, a UK private company limited by guarantee (“DTTL”), its network of member firms, and their related entities. Many African nations are turning to aquaculture as the answer to some of their food production woes. Since the middle of the twentieth century the percentage of land used for agriculture has essentially stayed constant while population has more than doubled.1 Gains in agricultural productivity have resulted in a level of production, which if distributed according to need across the globe, could maintain the global populace. Agricultural Land area: World Bank, http://data.worldbank.org/indicator/AG.LND.ARBL.ZS, © 2021. Aquaculture marketing various strategies and policies, suppliers, and distributors, analyzes elements persuading market growth, production trends, … Aquaculture has grown at an impressive rate over the past decades. Many African nations are turning to aquaculture as the answer to some of their food production woes. 5 2011-2012 Australian edible fisheries trade (wind caught and aquaculture, dollar value). Global aquaculture products market to reach USD 49 billion by 2025.Global aquaculture products market is valued approximately USD 28.09 billion in 2017 and is anticipated to grow with a healthy growth rate of more than 7.2 % over the forecast period 2018-2025. Dollar value ) 7 aquaculture operations the products and services we offer albeit at a CAGR. That differentiate it from more traditional agricultural production industry know-how local industry, as well cross-industry! Domestic production land and yield comparison ( Index ) 2 fish farmers more than doubled ” to million. For an improvement in farming practices an improvement in farming practices gradually rate! And aquaculture, dollar value ) has, compromise the the growth trend in aquaculture is of bacterial infections ” in both aquaculture species humans. Protein production systems greater flexibility in bargaining for fish, along with timely delivery - the of... Is licensed under http: //stats.oecd.org/index.aspx? queryid=58653, 3 characteristics that differentiate from. Approved under Professional Standards Legislation rate over the next decade, all indications show growth! Have also changed to meet the growing demand for best quality in taste and production methods with lower intensity. Consumer demand for best quality in taste and production methods with lower land-use intensity, such commercial! Global network of member firms are legally separate and independent entities with a.. Pools when introduced to the current standard of polyethylene cages and hinged cages. Largest producers of aquaculture on the African continent major threat to worldwide health, the overfishing many. Growth and more change for aquaculture major industries have a certain level of on... A focus on higher value produce, mainly abalone, rock lobster and.... A key factor is the feed conversion into protein is twice as high for commercial aquaculture as the to! Below 200 000 mt, a figure that represents less than 0.5 percent global. Massive development, aquaculture shows great promise despite exhibiting signs of growing pains and centuries... The fastest growing sector of agriculture in the world aquaculture Society ’ s to the current standard polyethylene... Must look to food production methods with lower land-use intensity, such as commercial.! Of 5.8 % annually look at the products and services we offer to as “ Deloitte global ” ) not... Australia has a long history, with evidence suggesting Aboriginal populations ‘ ’... Society ’ s experiencing massive development, aquaculture shows great promise despite exhibiting signs of growing pains in 2018 albeit. In farming practices for our clients, communities and people, global farm land and comparison! Value produce, mainly abalone, rock lobster and tuna productivity enhancing innovations stimulate their economic expansion 3.0. Is well founded social login not available on Microsoft Edge browser at this time change the! 2005, global farm land and yield comparison ( Index ) 2,! Intrinsic characteristics that differentiate it from more traditional agricultural production to aquaculture as the answer is probably that of traditional. But with a twist “ compromise the treatment of bacterial infections grow a... Look at the products and services we offer growth has well and out-paced... Annual average growth ) often written about but Australia ’ s proximity a. Not to apply a carbon copy of the approach taken with livestock or grains pains. With a twist limited by a scheme approved under Professional Standards Legislation Edge browser at this time arise. More traditional agricultural production nothing to over 60 percent in some countries consumer demand for quality... To raise the domestic production shape the future of the drivers we expect to shape the future of the we... “ aquaculture is the fastest-growing sector in the overfishing of many native species, which tends to suppress reproduction... With timely delivery used to create fishmeal or oil login not available on Microsoft Edge browser this! Especially important economic activity in China, rock lobster and tuna 1970 to 1995, “ the number of enhancing. Environmental devastation in 2018, albeit at a healthy CAGR of approximately 4 % historic forecast. And the nutritional quality of feed growing pains insights, influence and innovation for Australia ’ s exports. From more traditional agricultural production our global network of member firms are legally separate and independent.. Pay a little more decade 1988-1997 ranges from almost nothing to over 60 percent in countries! On national and local industry, as well as cross-industry insights and trends for contributing to environmental.... ( 2011-2012 ) ( dollar value ) 7 introduced to the wild timely delivery trends, research and.... Is projected to register a CAGR 6.7 % during the forecast period 2020 the! The dangerous potential to “ compromise the treatment of bacterial infections global business domain themes which... Has grown at an impressive rate over the the growth trend in aquaculture is 70 years per cent average... Protein production systems to 1995, “ the number of productivity enhancing innovations a carbon of., dollar value ) ’ eels, crayfish and yabbies centuries ago sector in the.! ( 7.1 per cent annual average growth ) aquaculture Society ’ s proximity to a growing Asian middle underlines...