Aquaculture is the fastest-growing segment in the feed industry. According to the 2017 Alltech Global Feed Survey, the aquaculture industry experienced a 12 percent increase in feed production in 2016 to 39.9 million metric tons. Asia maintained its volume and accounts for approximately three-quarters of global production per Alltech’s 2016 Aquaculture Survey. For many who are closely watching the aquaculture sector, this growth comes as no surprise. However, it presents a new set of challenges.
“‘The Fish to 2030: Prospects for Fisheries and Aquaculture’ report produced by the World Bank states that the projected growth in fed aquaculture over the 2000–2030 period, equivalent to an annual average growth rate of 3.9 percent per year, is much faster than the projected growth in fish oil use in aquaculture, which has an average annual growth rate of 1.7 percent,” said Dr. Keith Filer, project manager for aquaculture research at Alltech. “This is why Alltech is committed to providing a sustainable alternative to fish oil with our algae.”
Alltech has been improving aquaculture performance through nutrition for 13 years, but recent developments have significantly strengthened the company’s efforts..