Published in Marketing
Global aquaculture market is rapidly growing
Global fishery production from wild capture fisheries and aquaculture is expected to set a new record in 2013 at 160 million tonnes, up from 157 million tonnes the previous year, while exports will reach $136 billion, according to preliminary data published ahead of the FAO Sub-Committee on Fish Trade meeting in Bergen, Norway.
Aquaculture production is expected to hit about 67 million tonnes in 2012 and projections for 2013 point towards fish farmers producing 70 million tonnes – 44 percent of total fishery output and 49 percent of fish for direct human consumption.
The proportion of fish production being traded internationally is significant, at around 37 percent in 2013. This makes the fisheries sector one of the most globalized and dynamic industries in world food production.
Developing countries continue to play a major role in supplying world markets, accounting for 61 percent of all fish exports by quantity and 54 percent by value in 2012. Their net export revenues (exports minus imports) reached $35.3 billion, higher than those for other agricultural products combined including rice, meat, milk, sugar and bananas. 
As greater quantities of fish are processed for export, more by-products such as heads, viscera and backbones can potentially be turned into valuable products also for human consumption, FAO said. By-products often have a higher nutritional value than fillets, particularly in terms of essential fatty acids, vitamins and minerals.
New markets for by-products are already opening up, noting growing demand for fish heads in some Asian and African markets, while there is also potential to use fish heads and bones to meet the rising global demand for fish oil and mineral supplements.
Greater potential also exists to use by-products to make the fishmeal and fish oil used as feed in aquaculture and for livestock, indirectly contributing to food security, according to FAO. This would allow some of the whole fish utilized today for meal and oil production to be used for direct human consumption.

Prospects by 2030
Aquaculture — or fish farming — will provide close to two thirds of global food fish consumption by 2030 as catches from wild capture fisheries level off and demand from an emerging global middle class, especially in China, substantially increases.
These are among the key findings of “Fish to 2030: prospects for fisheries and aquaculture”, a collaboration between the World Bank, Food and Agriculture Organization of the United Nations (FAO) and the International Food Policy Research Institute (IFPRI), released today. The report highlights the extent of global trade in seafood which tends to flow heavily from developing to developed countries. 
According to FAO, at present 38 percent of all fish produced in the world is exported and in value terms, over two thirds of fishery exports by developing countries are directed to developed countries. The "Fish to 2030" report finds that a major and growing market for fish is coming from China which is projected to account for 38 percent of global consumption of food fish by 2030. China and many other nations are increasing their investments in aquaculture to help meet this growing demand. 
Asia — including South Asia, South-East Asia, China and Japan — is projected to make up 70 percent of global fish consumption by 2030. Sub-Saharan Africa, on the other hand, is expected to see a per capita fish consumption decline of 1 percent per year from 2010 to 2030 but, due to rapid population growth of 2.3 percent in the same period, the region's total fish consumption will grow by 30 percent overall.  
With the world's population predicted to increase to 9 billion people by 2050 - particularly in areas that have high rates of food insecurity — accorting to FAO aquaculture, if responsibly developed and practiced, can make a significant contribution to global food security and economic growth.

Leave a comment

Image
Copyright © 1998-2020 Chiriotti Editori srl Tutti i diritti riservati
Viale Rimembranza, 60 - 10064 Pinerolo - To - Italy - P.IVA e C.F. 01070350010 - Tel. +39 0121.393127 - email info@foodexecutive.it | Disclaimer