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May 11, 2023

$55bn investment needed to keep seafood on the table

Fresh raw organic mussels at a seafood market in Normandy
Bivalves – which include oysters and mussels – and other unfed aquaculture could help the seafood industry meet surging demand. (Photo: tsableaux/Envato)

A new report says that large investment in new technology and food sources will be needed in order to meet surging consumer demand for seafood.

The farmed seafood industry will fall short of consumer demand without reform, with a 20 per cent supply gap expected by 2050, according to non-profit Planet Tracker. This may seem like a trivial issue compared to the enormity of the global climate and nature crises. But demand for oysters, shrimp and other seafood is set to surpass 267mn tonnes by 2050, making it an interesting market. (To help you visualise this, it equates to about three quarters of the weight of the world’s population.) Supply can only meet 217mn tonnes by then.

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