One of the fastest growing food-producing sectors, aquaculture now accounts for approximately 50% of the world’s food fish. Aquaculture continues to grow more rapidly than all other animal food-producing sectors, with an average annual growth rate for the world of 8.8% per year since 1970. The Food and Agriculture Organization (“FAO”) of the United Nations estimates that as much as 84 percent of global marine fish stocks are now fully exploited, over-exploited or depleted, confirming a consistent decrease since 1974 in marine fish stocks with little or no potential for further exploitation.
Aquaculture provides an alternative avenue for mitigating the threats to the world’s fisheries. Fish farms, when operated in a sustainable fashion, can protect and offset the damage to wild fish stocks due to overfishing and climate change, while supporting employment in the industry and meeting global food demands. AgriMarine’s floating solid-walled closed-containment technology bridges the gap between traditional methods of fish farming and the high cost of operating land-based systems.
Aquaculture is the fastest growing source of animal protein:
- More than 50% of the world’s seafood is produced by aquaculture (30 years ago it was less than 10%)
- Seafood produced by aquaculture has grown by 8.8% CAGR per year
- Aquaculture output expected to rise 33% over the next decade
- Farmed salmon relieves pressure on wild stocks
- ‘Greening’ of aquaculture
- Worldwide demand for sustainable aquaculture
- Industry players now accepting new technologies to improve sustainability and increase production
- Closed containment salmon farming is viewed as an environmentally sustainable practice
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