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The Global Aquaculture Market Witnesses Growth as the Demand for Protein Surges

SAN ANTONIO,- The rising world population and growing protein demand drive the global aquaculture sector. The industry is a sustainable means to supply and feed the population with environment-friendly protein products. Frost & Sullivan's recent analysis, Global Aquaculture Market Growth Opportunities, finds that innovation in aquaculture technologies and smart farming methodologies are revolutionizing the sector and generating additional revenue streams. The market is expected to garner $415.82 billion in revenue by 2030 from $284.63 billion in 2021, an uptick at a compound annual growth rate (CAGR) of 4.3%.

"The aquaculture industry has fully recovered from the pandemic after facing the most intense impact in the first half of 2020," said Akheela Dhiman, Chemicals, Materials & Nutrition Research Analyst at Frost & Sullivan. "Further, the reopening of hotel, restaurant, and café (HORECA) in the second half and recovery in global household demand revived the industry."

Dhiman added: "Increasing investment in smart farming and other technologies will provide detailed information on the nutrition, health, and environment of the species on the farm and will generate additional revenue streams. Additionally, the development and adoption of many of these technologies across all supply chain components have led to robust farmed seafood production."

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SaskAgToday.com Roundtable: China hits Canada with canola seed tariffs

Video: SaskAgToday.com Roundtable: China hits Canada with canola seed tariffs

The big story this week was China placing a 75.8 per cent anti-dumping duty on Canadian canola seed imports.

While China claims the duty is temporary - pending the conclusion of its anti-dumping investigation into Canadian canola next month - many are calling on the federal government to take the lead and get the tariffs removed. The SaskAgToday.com Roundtable discusses what farm groups, and politicians, have been saying.

Also, the panel highlights a grand opening of Grain Millers flax processing facility, limited harvest progress in Saskatchewan due to widespread rain, and the Grain Growers of Canada on its second annual Summer Tour.