Global aquaculture producers invest in vertical integration

Published 2024년 12월 2일

Tridge summary

Copeinca, with the largest anchovy quota in Peru, contributes to the production of 200 thousand tons of fishmeal and 23 thousand tons of fish oil annually. These essential nutrients are crucial for the growth and care of animals in the aquaculture industry, which is projected to surpass 100 million tons by 2024. While Russia has the potential to satisfy its own demand for these ingredients with the correct industry support, it could also export up to $1.1 billion worth of fishmeal by 2030, given the industry's growth and the potential of fishmeal in aquaculture feed.

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Original content

“High-quality fishmeal and fish oil are essential nutritional ingredients. They provide safe and complete nutrition for the growth and care of animals in several agricultural sectors, including aquaculture. We believe that Copeinca will make a significant contribution to the growth of Cooke,” the publication quotes Cooke CEO Glenn Cook as saying. Copeinca holds the largest anchovy quota in Peru — 15.9% of the total — and processes approximately 21% of the country’s catch. This allows the company to annually produce about 200 thousand tons of fishmeal and 23 thousand tons of fish oil. Aquaculture is the main driver of the development of the global fisheries industry in the long term. According to FAO estimates, the volume of farmed fish in the world by the end of 2024 may grow by 3.3% and exceed 100 million tons. The growth rate of wild fish production is three times lower — 1.1%, to 90.6 million tons. At the same time, its development requires fishmeal and fish oil as the main ...

Source: Fishretail