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The seafood market |
The global seafood market is estimated at US$ 100 billion per
year.
World per capita consumption: at present, about 16 kg.
Major seafood markets: Japan, US and European Union
(EU). These
markets depend on imports 40-60% of their
seafood
consumption.
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Seafood counter in supermarket selling
ND-56 Tilapia |
World fish consumption increases since the 1960s, driven
by –
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Increase in per capita consumption (due to health concerns,
increased
Standard of Living, immigration). |
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General population growth. |
World capture fisheries decreases since the 1960s,
driven by –
Introduction
of advanced fishing technology & gear.
Over-fishing.
Pollution.
As a result: From 1970 to 2003, seafood prices increased by 566%,
compared with 297% increase in red meat and 194% in poultry.
Future World demand for seafood:
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The increase in World demand is estimated at 0.5 - 3.0% per year.
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World per capita consumption will increase to 19-21 kg, in 2030. |
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On average, this means additional annual requirements of 650,000 tons in
the EU, and 250,000 tons in the US . |
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By the year 2010, shortage of seafood
supplies will increase to 40 million tons per year.
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Considering the
Depletion of ocean
capture fisheries, this increased demand
can only be satisfied by
Aquaculture, the husbandry of aquatic organisms.
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