Global Aquaculture Markets Set to Grow Rapidly

With consumers enjoying five times more fish than they 1984 this industry’s importance to the healthy, natural and organic market, aquaculture is recognized as a very high growth market with real competitive potential. However, with the diminishing stocks of cod and other wild species, global aquaculture production will have to be doubled by the year 2030 to keep up with the demand. Therefore there is a need to maximize the opportunities offered and encourage established fish farmers to innovate and take full advantage of growth potential of fish production. Recently, our international business team was in Australia where they witnessed the litmus test of our ambitious aquaculture cage project. Our maiden cage was sent to Oceania region and the purpose of our visit was to study the performance of the cage well under challenging conditions. The pilot project is successful. Additional features are being incorporated in the subsequent lots, post the observations under actual conditions.