The investment potential of aquaculture in Russia is 60–70 billion rubles — Rosselkhozbank

Published Jul 8, 2024

Tridge summary

The salmon industry is expected to remain the most profitable aquaculture sector globally by 2024, with potential profits exceeding 40-50%. Aquaculture is projected to contribute to over 50% of the total fish supply by 2030, with Russia already seeing growth in its aquaculture sector, reaching 402 thousand tons in 2023, nearly 5% higher than the previous year. The Russian market for trout and Atlantic salmon has grown by 25% over the past five years, reaching 185 thousand tons in 2023. The industry enjoys high consumer demand, especially in the HoReCa segment, and benefits from state support, contributing to a high profitability rate of 77.9% for organizations involved in fish farming. The market is dominated by large and medium-sized trout farming companies and hundreds of small producers, with Inarctic and Russian Salmon holding a 21% share of the aquaculture salmon market in Russia.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Salmon production is becoming one of the main directions in this industry. In 2024, the salmon industry will remain the most profitable aquaculture sector in the world, media reported at the beginning of the year, citing Rabobank forecasts. Data from analytical reports indicate that the profitability of red fish production can exceed 40–50%, which places the corresponding business in the category of super-profitable ones. At the same time, according to Rosselkhozbank estimates, the investment potential of aquaculture in the Russian Federation is 60–70 billion rubles. According to UN forecasts, by 2030, global fish production will reach about 200 million tons per year. It is assumed that aquaculture will provide the bulk of the increase: over the horizon of five to six years, its share will reach more than 50% of the total supply. The main types of commercial fish in the Russian Federation are salmon, carp, sturgeon, as well as valuable hydrobionts, in particular oysters, mussels, ...

Source: Specagro