How to Succeed in Aqua Feed – The Feed Industry Should be the Driver of Change in Aquaculture
After years of growth, the aqua feed industry is experiencing a deceleration, with increasing overcapacity in nearly all key markets globally. The causes vary and are often region-specific, but what is clear is that the aqua feed industry will need to think out of the box to find growth.
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Aquaculture is a rapidly evolving industry, with significant changes occurring in the short and medium term. The industry is embarking on a transformation, driven by multiple technological developments that are all moving from the start–up or laboratory phase to a commercial scale in the next five years. This is an opportunity for aqua feed companies to once again become more than just feed suppliers.
According Gorjan Nikolik, Senior Analyst – Seafood, “aqua feed companies can respond to the maturing fish-farming industry by combining feed with a range of complementary inputs, such as genetics, animal health products, data analysis solutions, hardware, and farm management software, in order to extract previously unobtainable synergies.”
“Moreover, aqua feed players are well-positioned to act as investors in a number of rapidly evolving aquaculture technologies, ranging from novel ingredients to new farming techniques, such as recirculating aquaculture systems or offshore aquaculture,” continues Nikolik. “By (partially) transforming into aqua-technology suppliers or aqua-venture capitalists, feed companies may be able to enter the higher-growth and higher-profitability segments of the aquaculture inputs industry and drive the growth of the entire aquaculture industry.”
Where to go from here
Gorjan NikolikSenior Analyst - Seafood Read more