Similarly to numerous other industries, aquaculture is generating high volumes of valuable data alongside its value chain.
Starting from reported production figures, through international trade databases, all the way to consumer preference surveys there is a wide variety of information out there, which has the power to transform aquaculture into a more efficient, sustainable and future proof sector.
Scroll down for an idea of our work.
Aquaculture is a fast growing sector for sustainable protein production, with newly cultivated species and new consumer markets emerging continuously.
In a short span of 3 decades (1990-2020), the production quantities grew from ~20 million tonnes to ~120 million tonnes.
This means a stable annual average growth rate of around 6.8% for the sector as a whole.
The farming of aquatic species is not only a high volume industry and a stable employment opportunity for many, but also a multi billion dollar business reaching ~$280 billion worth of farmgate production value in 2020.
On a global scale, these noteworthy growth figures were achieved in marine, fresh and brackishwater environments as well.
To analyze this progress, we make use of trusted public and private databases plus field level expertise, combined with modern analytics tools used by our team.
There are hundreds of farmed aquatic species but the majority of production volume and value are coming from a handful of species. This holds true for fish, crustaceans, molluscs and aquatic plants equally.
The consultants at HIS have expertise and experience working with the most significant high value and volume species.
Although, the highest production value species are among the crustaceans, overall Freshwater and diadromous fish species contribute the most to aquaculture production both in terms of production volume and value on a global scale.
Carp and tilapia species represent the highest production volumes among fish; however, the most valuable farmed fish species is the Atlantic Salmon (Salmo Salar).
These top volume and value species have also shown high growth rates in production value between the years 2010 and 2020 as showcased on the range plot you see here.
Atlantic Salmon: +94%
Whiteleg shrimp: +171%
Gracilaria seaweed: +300%