Aquaculture, the farming of aquatic organisms such as fish, crustaceans and plants, is the world’s fastest growing food production sector and produces more than 50% of the global seafood supply. The global aquaculture industry, currently valued at over $144 billion, has consistently grown in terms of volume, increasing at an average of 8% annually in the last 20 years.
In 2014, aquaculture overtook wild-caught fish as the leading source of seafood, and by the year 2020, the industry’s value is expected to reach over $200 billion—a 38% increase from today’s figure. A confluence of demand factors such as global population growth and increased fish consumption has exponentially increased pressure on wild fish stocks, driving the need for seafood produced using sustainable aquaculture techniques. By 2050, aquaculture production will need to grow by another 70 million tonnes to meet the world’s seafood demand. The consumption and dependency on seafood for well-being has never been this high.
One sustainable solution within the thriving aquaculture industry is a production method called Recirculating Aquaculture Systems (RAS). RAS, a land-based fish farming method, has the flexibility to be fully operational in any environment. It is self-contained and does not require direct water access, enabling abundant and fresh protein sources in a myriad of geographies where traditional aquaculture would be impossible. Businesses and policymakers are seeing value in RAS as a way to improve food access and gain a sustainable seafood supply.
There is a significant industry trend toward RAS designed land based fully contained aquaculture facilities that minimize resource usage while producing wholesome foods.
IRAFS and RAS Systems – Read more