The aquafeed market: Growth, trends and future outlook

As populations grow and pressure on wild fisheries mounts around the world, aquaculture is gaining attention – and a bigger share of the human food protein market. Demand for aquafeed is therefore also growing. Global demand for seafood is projected to increase by 7 – 9% per year, according to Canada’s Blue Economy Strategy 2040, a joint plan created by the Canadian Aquaculture Industry Alliance and Fisheries Council of Canada. And while the authors note that “the sustainability of ma