The investment case for aquaculture innovation

 
 

Drivers and growth

Global aquaculture has experienced sustained growth over the last few decades and two strong drivers are likely to support this upward trend: Increasing population growth and protein consumption per capita. These combined with the largely overfished oceans results in an ongoing need for more protein. Due to the superior feed utilisation of aquatic species, aquaculture is in a great position to fill the increasing demand for protein.

 
 Global production,  FAO, 2015 (million tonnes)  

Global production, FAO, 2015 (million tonnes) 

 

9.8bn


Population by 2050

UN, 2017

 

3%


Global, annual income growth 2014-2050

PWC, 2015 (Real-term GDP)

 

1.1Kg


Feed used per kg salmon produced
 
 

Challenges and impact

Aquaculture’s past growth has resulted in challenges: Increasing farming intensification may result in fish health problems and can impact the farm environment. Higher fish feed demand increases the pressure on natural resources such as fish for fish meal production or land for soybean production. Commodity trading of seafood can result in social challenges.

 

 

1.8Kg


Increase in global fish consumption per capita 2015-2024

OECD-FAO, 2015

 

$160bn


Global aquaculture farm
gate value

FAO, 2016

 

3.9%


Global aquaculture CAGR until 2021

Marketline, 2017

 
 No. of aquaculture-related patent submissions

No. of aquaculture-related patent submissions

 

Innovation and commercialisation

There is a clear need for innovations that reduce operational cost and risk for farmers, while providing sustainable growth for the industry. In recent years a growing interest in aquaculture resulted in more R&D effort, both private and public. The impact of these innovations will depend on the ability to successfully commercialise them over the coming years.

 

 

Opportunities for investment

 

Farm management


Automation


Predictive analytics


Interconnected systems


Real-time monitoring


Feeding optimisation


Biomass estimation


Feeding systems


Remotely operated vehicles

Water quality management


Precision tech


New software


Smart equipment


New hardware


Integrated systems

Novel feed ingredients


Alternative plant proteins


Alternative insect proteins


Alternative algal proteins


Alternative microbial proteins


Waste-to-feed


New additives


Raw material processing

Biology


New species


Genetic robustness


Growth and feed optimisation


Monosex populations

Health management


New vaccines


Antibiotic replacements


Nutritional optimisation


New drugs


New diagnostic tools


Prebiotics


Prevention systems

New production systems


Land-based


Offshore


Closed containment at sea


Multitrophic farming