Opinion

Sustainability in the Seafood Industry Aiding in Marine Conservation

Seafood
Market & Price Trends
Emerging Market Opportunities
Published Mar 18, 2024
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The sustainability of the seafood industry has become a concern due to increasing demand, environmental degradation, and the depletion of fish stocks. With over 3 billion people relying on seafood as a primary protein source, the industry's unchecked exploitation of marine resources has resulted in widespread ecological damage, endangering ocean health and coastal communities' livelihoods. Some critical factors affecting the seafood industry include overfishing, illegal fishing, bycatch, habitat destruction, pollution, and greenhouse gas emissions. To address these challenges, stakeholders are adopting sustainable practices. By emphasizing sustainability, the seafood industry can protect marine ecosystems, preserve biodiversity, and ensure the long-term viability of seafood resources for future generations.

The sustainability of the global seafood sector has become a pressing issue in recent years. With the global population steadily increasing, seafood has become a vital protein source for over 3 billion people worldwide. However, the overexploitation of marine resources has resulted in extensive ecological harm, endangering ocean health and the well-being of coastal communities. The consequences of overexploitation have prompted heightened attention to sustainability in the seafood industry.

Factors Affecting the Seafood Industry

There are several factors within the seafood industry that have contributed to the push towards sustainable practices. Some of these factors include:

Overfishing: Exploitative fishing practices have led to the depletion of fish stocks, threatening the viability of many species and disrupting marine ecosystems. According to the World Wide Fund for Nature (WWF), 85% of marine fish stocks are either fully exploited or overfished, while widespread bycatch and poorly managed aquaculture further exacerbate habitat degradation.

Illegal Fishing: Illegal fishing is a widespread problem that worsens overfishing, undermining conservation initiatives and exacerbates the depletion of marine resources. With increasing demand for seafood, illegal fishing has surged, compounding the concerning statistics documented by the US National Oceanic and Atmospheric Administration (NOAA). This heightened demand has significantly diminished stocks, especially affecting prominent oceanic species like swordfish and tuna, with projected declines reaching up to 90%.

Bycatch: Indiscriminate fishing methods result in the unintentional capture of non-target species, causing harm to marine biodiversity and ecosystems. According to Brittanica, some estimates suggest that over 40% of the annual fish harvest constitute bycatch, amounting to approximately 38 million metric tons (mmt). Each year, bycatch leads to the deaths of over 650 thousand marine mammals globally.

Habitat Destruction: Habitat destruction is a significant concern due to destructive fishing methods like bottom trawling, which cause substantial harm to vital marine ecosystems such as coral reefs and seabeds. Through the use of heavy nets dragged along the ocean floor, bottom trawling disrupts these habitats, resulting in the crushing of corals, suffocation of marine organisms, and sediment disturbance. This disruption compromises the ecological balance and diversity, affecting the reproductive patterns of various species and weakening the resilience of marine ecosystems.

Pollution: Pollution poses a serious threat to marine environments, stemming from aquaculture activities, industrial operations, and urban sources. This contamination adversely affects both water quality and ecosystem well-being. Particularly concerning is plastic pollution, which presents a significant hazard to the marine ecosystem. Estimates indicate that there are between 27 to 66.7 mmt of plastic currently residing in the world's oceans and rivers.

Greenhouse Gas Emissions: Energy-intensive fishing operations and transportation contribute to greenhouse gas emissions, exacerbating climate change impacts on marine ecosystems. The Marine Stewardship Council (MSC) states that for every kilogram (kg) of fish caught, between 1 and 5 kg of carbon is produced.

To tackle these issues, the seafood industry must embrace sustainable practices, enforce regulations, invest in eco-friendly technologies, and raise consumer awareness. Stakeholders acknowledge the pressing need for sustainability to safeguard marine resources for future generations.

Sustainability in the Seafood Industry

With increasing global awareness of ocean conservation, there's a growing emphasis on choosing sustainable seafood. This entails selecting fish and other marine products harvested or farmed in environmentally responsible ways. By opting for sustainable options, consumers contribute to the preservation of marine ecosystems and ensure the long-term viability of fisheries. Due to this, the sustainable seafood market has experienced steady growth in recent years. In 2022, the market was valued at USD 16.85 billion and projections indicate a compound annual growth rate (CAGR) of 5.60% until 2030. According to this projection, the market is expected to reach USD 17.79 billion in 2024 and USD 26.06 billion by 2030.

Figure 1. Sustainable Seafood Market Value from 2022 to 2030

Source: Credence Research

Sustainable seafood encompasses practices that minimize environmental impact, ensure fair labor conditions, and promote economic viability throughout the supply chain. This involves responsible harvesting methods, managing populations to prevent overfishing, and using aquaculture methods that limit pollution. Social responsibility includes ensuring safe working conditions and adhering to labor laws. Economic viability is driven by consumer demand for sustainable seafood, benefiting fishermen and farmers who adopt these practices.

Common Sustainable Practices in the Seafood Industry

The seafood industry faces significant challenges in terms of sustainability. However, there are several sustainable practices being adopted within the industry to mitigate these issues. Here are some of the top sustainable practices:

Fishery Management: Fishery management involves science-backed strategies such as setting catch limits, enforcing regulations, and monitoring fish stocks to prevent overfishing. Additionally, creating marine protected areas (MPAs) is crucial to conserve habitats and aid fish populations' recovery. These measures ensure sustainable use of marine resources while safeguarding ecosystem health for the future. The triple bottom line approach outlined in Figure 2 integrates ecological health, social well-being, and profitability, ensuring all aspects are considered in policy decisions for positive fishery management.

Figure 2. Triple Bottom Line Approach For Fishery Management

Source: Sustainable Fisheries

Aquaculture: Promoting responsible aquaculture practices remains paramount, emphasizing strategies to minimize environmental impact, reduce dependency on antibiotics and chemicals, and enhance feed management for decreased waste and reliance on wild fish feed. As the aquaculture sector steadily expands worldwide, projections suggest that by 2030, its production will surpass that of capture fisheries, accounting for a substantial 52% share of all aquatic animal production. This underscores the critical importance of aquaculture in addressing the growing demands for food, especially seafood, on a global scale. Aquaculture is crucial in the seafood industry as it meets rising demand sustainably, enhances food security, drives economic growth, and ensures product quality and safety.

Traceability and Transparency: Implementing traceability systems to track seafood from catch to plate, ensures that it is legally caught, accurately labeled, and sourced from sustainable fisheries or responsible aquaculture operations. This helps to combat illegal, unreported, and unregulated (IUU) fishing and promotes transparency in the seafood supply chain. Traceability and transparency are essential for the sustainable seafood industry. They track seafood from catch to sale and disclose information about its origin and production. Certification programs ensure sustainability standards are met, and collaboration among industry stakeholders is crucial for maintaining these practices.

Figure 3. Average Traceability and Transparency Chain in the Seafood Supply Chain

Source: Peterson Indonesia

Selective Fishing Gear: Using selective fishing gear and techniques that minimize bycatch (the unintentional capture of non-target species) and habitat damage, such as using circle hooks, escape panels in fishing nets, and modifying fishing gear to reduce impacts on sensitive habitats like coral reefs and seagrass beds.

In large-scale fisheries, sustainable fishing tools and gear are essential for minimizing environmental impact. Examples include turtle excluder devices (TEDs) in shrimp trawls, bycatch reduction panels in nets, deep-set buoy gear for deep-sea species, managed fish aggregating devices (FADs), bottom longlines with circle hooks, and trawls with selective grids. These tools help reduce bycatch of non-target species, protect sensitive habitats, and support long-term marine ecosystem health.

Figure 4. Sustainable Fishing Tools Examples

Source: NOAA Fisheries

Pollution Reduction Practices: Sustainability practices aimed at reducing pollution and carbon emissions in the seafood industry are pivotal for minimizing environmental impact. This includes adopting energy-efficient operations, such as utilizing renewable energy sources and optimizing equipment to lower energy consumption. Effective waste management strategies, like recycling and composting, are essential for minimizing pollution and greenhouse gas emissions. Choosing sustainable packaging materials and minimizing packaging can further mitigate environmental harm. Responsible aquaculture practices, such as integrated multi-trophic aquaculture (IMTA) and recirculating aquaculture systems (RAS), help reduce pollution from fish farming operations. Additionally, ensuring seafood is responsibly sourced from certified fisheries and aquaculture operations is crucial for minimizing overfishing and habitat destruction, which contribute to pollution. Through the implementation of these sustainability measures, the seafood industry can significantly contribute to reducing pollution and carbon emissions while safeguarding marine ecosystems for future generations.

By adopting these sustainable practices, the seafood industry can help protect marine ecosystems, preserve biodiversity, and ensure the long-term viability of seafood resources for future generations. Ensuring the sustainability of the seafood industry is crucial given the increasing demand, environmental degradation, and depletion of fish stocks. Overfishing, illegal fishing, bycatch, habitat destruction, pollution, and greenhouse gas emissions are pressing challenges that need to be addressed. Stakeholders must adopt sustainable practices, enforce regulations, invest in eco-friendly technologies, and raise consumer awareness to safeguard marine resources for the future. Consumer preference for sustainable seafood is growing, driving market demand and highlighting the importance of responsible harvesting, aquaculture practices, traceability, transparency, and pollution reduction efforts. By prioritizing sustainability, the seafood industry can play a significant role in reducing pollution, mitigating climate change, and preserving marine ecosystems for generations to come.

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