By David J. Martin / Dec 4, 2017 06:05:16The ocean is full of life, and we have a huge bounty of seafood to eat.
We can’t get enough of the world’s most delicious seafood, which is why seafood lovers are looking forward to a sea change.
According to the Seafood Institute, more than 80% of the seafood eaten worldwide is from Asia, Africa and the Americas.
The ocean has changed for the better in the last two decades, with over 50% of all seafood produced in the world now coming from the Mediterranean and the South China Sea, with a third coming from coastal areas in the Pacific Ocean.
In a new report, The Seafood Future, the Seafountains, the International Seafood Industry Association (ISIA), the International Food Policy Research Institute (IFPRI) and the Seafocean Business Council all point to the fact that seafood will likely see a rapid and massive expansion in the years to come.
In its report, the report highlights the huge potential for seafood to help the global economy grow in the coming decades.
“The seafood industry is the fastest-growing sector in the global food chain and is set to grow at a rate of 30% per year for the next decade, with an average growth rate of 11% per annum,” the report states.
“By 2020, the seafood industry will reach $5.7 trillion, accounting for almost half of the global GDP.”
The Seafood Futures report further states that seafood is inextricably linked to global food security, as it is the number one export item for seafood companies.
“There is a high correlation between demand for seafood and the number of global supply chains, which has led to a massive increase in seafood consumption,” the Seafortains’ report states, adding that “the seafood industry represents the backbone of the international food system, with more than 200,000 tonnes exported every day.”
While the report does not include any predictions of how long seafood will continue to be the world, the fact is that seafood has the potential to be a major part of the economy by 2030.
According to the IFPRI, the demand for shrimp and seafood in the future will likely be driven by demand from countries such as China, India, Vietnam and Japan.
The report states that this will increase demand for more sustainable seafood products, which will make it easier for the global seafood industry to compete against more environmentally friendly seafood.
“Sustainable seafood production and consumption will be crucial to meet the demands of a rapidly growing global population and a growing global appetite for healthy, local, seasonal and sustainable seafood,” the ISIA report states.
“By 2030, the industry will account for approximately 2.3% of global seafood consumption, and this will be driven largely by demand for processed, packaged and packaged fish.
The Seafounts report states seafoods will also contribute to a significant portion of global greenhouse gas emissions.
While the seafood boom may not last forever, the growth of the industry is definitely a step in the right direction. “
The demand for sustainable seafood in 2035 is expected to reach a level of 5 billion tonnes, with seafood consumption increasing from 7% of world consumption in 2020 to 10% in 2040,” the IFPS report states as the Seafosources report states the growing demand for local and sustainable fish will be critical to keeping the ocean clean and green.
While the seafood boom may not last forever, the growth of the industry is definitely a step in the right direction.
The seafood industry has already made an impact on the global community.
In 2018, the Global Food Safety Network (GFSN) released a report highlighting the role seafood plays in the fight against the global threat of climate change.
The GFSN report states there is an urgent need to focus on reducing seafood production to reduce CO2 emissions and global warming.
In 2017, the United Nations’ International Food Security Research Institute published a report which stated that the seafood trade is expected see an “explosion” of demand for food in the next 30 years.
“Demand for seafood will rise from 8% in 2020, to 12% in 2030, to 17% in 2050 and beyond, the study stated.”
This is due to the growing global demand for fresh seafood, the rapid expansion of the Asian and African markets, and the emergence of a global demand from the Middle East, Africa, South America and South America,” the study states.
We are already seeing that the demand is increasing and is forecast to continue to grow in 20 years,” the GFSN stated in its report.