Aquaculture is the fastest growing animal food producing sector in the world. It has generated growth of almost 8% per annum over the past 50 years, approximately twice the rate of global gross domestic product (GDP) growth during this period. From output of about 1 million tonne a year in the 1950’s, aquaculture now produces almost 100 million tonne of product per annum. Globally, fish today provides more than 2 billion people with almost 20% of their average per capita intake of animal protein, and 4 billion people with 15% of such protein. The average global citizen consumes nearly 20 kilograms of fish per year.
Aquaculture has provided for the rapidly increasing consumer demand for fish and served to protect wild fisheries. Over the past 20 years, largely over exploited and fully exploited wild fisheries haven’t produced an increased volume of fish products. Aquaculture has accommodated all of the global demand growth over this period by adding approximately 70 million tonnes of annual production capacity. In 2014, aquaculture surpassed wild fisheries as the dominant source of seafood products.
With existing forecasts for population growth and per capita consumption of fish products, the aquaculture industry will need to triple in size or add another 200 million tonnes of annual output by 2050. This industry profile provides an enormous opportunity for businesses like Mainstream, who are pioneers in the efficient and environmentally sustainable production of fish.