Aquaculture Market
According to the United Nations Food and Agriculture Organization (FAO), “world aquaculture has grown dramatically in the last 50 years. From a production of less than 1 million tonnes in the early 1950s, production in 2006 was reported to have risen to 51.7 million tonnes, with a value of US$78.8 billion. This means that aquaculture continues to grow more rapidly than other animal food-producing sectors. While capture fisheries production stopped growing in around mid-1980, the aquaculture sector has maintained an average annual growth rate of 8.7 percent worldwide since 1970.” Click here for a link to the full FAO Report, “The State of World Fisheries and Aquaculture 2008.”
Population growth, increased health awareness in the developed world, and the increased purchasing power of developing economies are all contributing to greater seafood demand. The depletion of wild stocks due to overfishing and failed management practices in the capture industry leave aquaculture as the only obvious alternative to meet the demand for seafood. According to FAO, "production increases came from the aquaculture sector, which now accounts for 47 percent of all fish consumed by humans as food. Production in capture fisheries has leveled off and is not likely to increase beyond current levels."
Aqua Bounty’s objective is to contribute to increasing aquaculture productivity in an efficient, safe and sustainable manner to meet the demand for high quality seafood from a growing world population.
USDA Salmon Imports - 2008
According to the United Nations Food and Agriculture Organization (FAO), “world aquaculture has grown dramatically in the last 50 years. From a production of less than 1 million tonnes in the early 1950s, production in 2006 was reported to have risen to 51.7 million tonnes, with a value of US$78.8 billion. This means that aquaculture continues to grow more rapidly than other animal food-producing sectors. While capture fisheries production stopped growing in around mid-1980, the aquaculture sector has maintained an average annual growth rate of 8.7 percent worldwide since 1970.” Click here for a link to the full FAO Report, “The State of World Fisheries and Aquaculture 2008.”
Population growth, increased health awareness in the developed world, and the increased purchasing power of developing economies are all contributing to greater seafood demand. The depletion of wild stocks due to overfishing and failed management practices in the capture industry leave aquaculture as the only obvious alternative to meet the demand for seafood. According to FAO, "production increases came from the aquaculture sector, which now accounts for 47 percent of all fish consumed by humans as food. Production in capture fisheries has leveled off and is not likely to increase beyond current levels."
Aqua Bounty’s objective is to contribute to increasing aquaculture productivity in an efficient, safe and sustainable manner to meet the demand for high quality seafood from a growing world population.
USDA Salmon Imports - 2008
