Aquaculture Market

According to the United Nations Food and Agriculture Organization (FAO), “In the last three decades (1980–2010), world food fish production of aquaculture has expanded by almost 12 times, at an average annual rate of 8.8 percent. Global aquaculture production has continued to grow, albeit more slowly than in the 1980s and 1990s. World aquaculture production attained another all-time high in 2010, at 60 million tonnes (excluding aquatic plants and non-food products), with an estimated total value of US$119 billion.

Seafood Supply ad Demand

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.

Eighty-two percent of the world fish stocks are overexploited, depleted or endangered, while demand for fish protein is exploding. With the world population expected to reach 9 billion by 2050, demand for critical sources of protein continues to outstrip supply. Aquaculture provides a means of partially meeting this demand, but we cannot expect to feed a burgeoning global population without employing every tool at our disposal, including enhancing aquaculture productivity through genetic engineering.

AquaBounty’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 - 2012
FAO Report, "The State of World Fisheries and Aquaculture 2012."