Industrial Production

Modern” technology of marine finfish production has developed over several decades in Asia, Europe, Americas, Oceania, This is a “global development” with similarities between regions and species, but today the industry is only scaled to industrial levels in a few countries and also with domination of a few species of red fish, white fish and shrimps.

Drivers today are:

Reduction in wild stock landings (from ”over fishing”) and an increase in seafood consumption and other competitive needs will continue to push future intensification of the aquaculture sector

• More advanced technology and know-how in larger scaled operations (from Norwegian fish farming as well as other producer countries)
• We expect to see a move from smaller to larger scaled aquaculture operations that are able to obtain sustainable industries
• A sustainable industry with main focus on fish health issues are the longer term winner and this is also a strategy that will be competitive in the global seafood market
• Increase in certification options

Norway is a small country, with less then 5,5 million people, but where fish farming has become an important industry. In Norway this has mainly been due to a continued and advanced technical development with the salmonid species, but also to some extent, growing cod and flatfish (turbot, halibut and sole) using salmon aquaculture as an example, and these species will become important development in the future. These are species that can fetch a good market price today, and which is also expected to develop further in the fish farming and aquaculture industry. In addition we see continued industrial development of farmed finfish and shrimp species, such as Cod, Halibut, Seabass/Seabream, Kingfish, Barramundi, Cobia, Groupers, Snappers and Tilapia. The Aquaculture Management and Consultancy team have years of aquaculture experience with many of these species.

Drivers forward will be:

• World population is expected to increase from 7 billion to 9 billion by
  2050 and therefore we will need more fish and aquaculture products
•  Economical growth are expected to continue worldwide and we need more seafood in the future
• New technology for industrial farming will develope further, in both the direction of offshore (platform systems, closed systems and boats) and the direction on land will be new Flow-Through and RAS farms
• Countries with long coastlines and a developed infrastructure will have the highest
  potential to fill the growing demand for seafood in the future