Global salmon aquaculture forecast for significant production surge

Published Nov 12, 2024

Tridge summary

Kontali's analysis forecasts a 27% increase in the global salmon farming industry by 2030, with Europe leading the expansion. However, this growth is threatened by regulatory and environmental challenges, including sea lice issues in Norway and climate change. The report also highlights the rise of land-based salmon production, which is expected to drive the industry's growth. Europe's growth is attributed to shorter production cycles and larger smolt, while Canada and the US are shifting towards land-based systems. Chile's aquaculture growth is hindered by political uncertainty and biosecurity risks.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

A long-term analysis conducted by Kontali predicts that the global salmon farming industry will increase by 27 percent by the end of the decade with Europe to lead much of this expansion, increasing its production by 25 percent. However, this forecasted growth does not come without challenges. Regulatory limits, such as maximum allowable biomass and environmental regulations, pose the greatest hurdles to industry growth. For example, concerns over sea lice and fish health challenges within the Norwegian salmon farming industry may hamper the growth of the sector in this region. In addition to these known challenges, the changing global climate brings with it new weather patterns and pathogens to coastal regions, presenting farmers with more obstacles to overcome if industry growth is to be realised. “The projected 27 percent growth in global salmon production by 2030 marks a pivotal moment for the industry. Investments in fish health and land-based production are key drivers, but ...
Source: Thefishsite

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