Fish Farming On The Rise – Your Profits Should Be, Too.
People are eating more fish. And more fish is coming from aquaculture. In fact, per capita fish consumption has increased from about 20 pounds per year in 1962 to about 45 pounds per year today with fish farming producing about 50% of that today, compared to less than 10% 30 years ago.
And, while aquaculture production has continued to rise, there’s no end in sight. With 90% of global wild fish stocks being overfished or fished at capacity, future expansion of seafood is believed to need to come from fish farming, which is one of the fastest growing food production sectors in the world. In 2017, global aquaculture and fisheries market accounted for $160.98 billion and it’s expected to reach $328.53 billion by 2026. Additionally, global aquaculture production is set to more than double by 2050 and this expansive growth can be done sustainably. Aiding in this continual growth are factors such as the rise in consumer awareness of the health benefits of fish.
As aquaculture continues to grow, the benefits of this growth may be felt around the world. Due to its sustainable nature, aquaculture is believed by some to have the power to steer production of animal source proteins towards reduced environmental effects and enhanced health benefits.
So what does the rise in aquaculture mean for you as an aquaculture processor? Other than an increased demand for your supply, this means it’s time for you to capitalize on the growth with an ERP system that maximizes your profits.
With NorthScope, an ERP system built specifically for aquaculture processors, you can maximize your profits and lead your business to success thanks to the ability to:
- Avoid Ticket errors with automated deductions and accruals,
- Accurately trace from farm to fork,
- Increase productivity among staff,
- Seamlessly manage all aspects of your business with a single, cohesive system,
- And more!
Don’t miss out on the rise. Book a demo today.