Global aquaculture producers invest in vertical integration

“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 ...