Global aquaculture production expected to grow significantly by 2025

The annual survey by the Zhejiang Zhoushan International Agricultural Products Trading Center and the Global Seafood Alliance forecasts a growth in production of key species in the fish and shrimp industry. Freshwater fish, Atlantic salmon, sea bass, and sea bream are expected to grow by varying percentages, with shrimp production seeing a steady annual growth of 2%. However, the industry faces challenges such as trade restrictions and increased tariffs. Despite these challenges, Norway and Chile are expected to resume growth in Atlantic salmon production, and Vietnam is expected to achieve 4% growth in tilapia production. Nevertheless, market prices, aquafeed costs, and market access are concerns for the aquaculture sector in 2025.

The annual survey on fish and shrimp production, conducted by Zhejiang Zhoushan International Agricultural Products Trading Center (China) in partnership with the Global Seafood Alliance (GSA), highlights key trends affecting the industry. The report predicts significant increases in production of key species. Freshwater fish, such as catfish and tilapia, are expected to grow by 7% and 5% annually, respectively; Atlantic salmon, sea bass and sea bream are expected to grow by 3%-4%; shrimp production is expected to see slow but steady growth, with an annual growth rate of about 2%. Lower aquafeed prices and recovering demand are likely to support aquaculture operators. However, trade restrictions and increased tariffs remain a major challenge facing the industry. Big Challenges. After two consecutive years of decline, Atlantic salmon production is expected to resume growth, mainly due to improved biological stability and higher harvest weights. Norway will lead this recovery, with ...