Global Opportunity
World population is outstripping food production. By 2030, the world’s population is predicted to increase by another two billion. The amount of food that will be consumed in the world in the next 50 years will exceed ALL the food eaten in human history to date. The United Nations Food and Agriculture Organization forecasts a global seafood shortage of 50-80 million tonnes by 2030.
One answer is aquaculture.
More than half of all fish and seafood consumed already originates from aquaculture. Farmed seafood can help meet the growing global seafood demand, taking the pressure off wild stocks. Newfoundland and Labrador’s natural abundant ocean environment makes it the perfect place to farm fish and shellfish. We’ve already built a tremendous sector, but the potential exists for aquaculture to ignite our province’s economy even more.
The salmon farming sector in particular has the potential for significant opportunity for our region.