Aquaculture Facts


Aquaculture | Fact & Figures

Aquaculture is essential to the Global seafood market

Aquaculture will supply



of the growth in demand for seafood before 2025.

(Source: FAO – Food and Agriculture Organization)

Global seafood shortage

65 Million Tons

is the expected gap between supply and demand by 2030.

(Source: Bloomberg & United Nations / FAO)

1 Billion $
Size of the global market

In 2019; largely affected by the COVID-19 pandemic. By 2027, the industry is projected to reach 193 Billion $. (FAO)

1 % CAGR
Compound Annual Growth Rate

Aquaculture is expected to grow 4% to 5% annually for the next decade (Mordor Intelligence). This is mainly driven by the growth of the global population and the consumers wanting to eat more fish.

> 1 Million
tons of Diesel burned/Year

Diesel is burned by aquaculture with the shattering consequence to the environment and fish. Norway is the first country to ban diesel for aquaculture as of 2021. (U.N./FAO)

> 1 kg / year
of fish eaten by an adult

Consumers eat more fish every year. However, consumers want to eat healthy fish with complete nutritional value. This can only be provided by clean aquaculture. (FAO. U.N.)

> 1 % Increase
in the demand for seafood

as the global population raises to 9 Billion people by 2050, the demand for seafood is expected to increase by 70%. (U.N./FAO)

> 1 % Depletion
of the wild fish in the sea

The United Nation´s Food and Agriculture Agency (FAO) is continuously decrying the overfishing of the sea. Marine fisheries provide about 50% of the demand for seafood (+80 Mil. Tons/year) decimating wild fish populations before they can reproduce. (U.N./FAO)

Evolution of sea capture vs aquaculture

Aquaculture will supply more than


of the total demand for seafood before 2030.

(Source: FAO)

Aquaculture has been the fastest growing food production sector
over the past 20 years.

To enable long-term sustainability, companies active in the aquaculture industry must address mounting consumer concerns over the environmental impact of fish farming and respond to regulators worldwide imposing strict laws to ban unsustainable practices.

Pollution & Customer Awareness

Traditional aquaculture uses
60 Million Tons of Diesel/year

It uses chemicals extensively and often medicine such as antibiotics and antidepressants

NOVATON´s solution:

Clean energy system combined with closed loop recirculating aquaculture, producing clean seafood, free of chemicals

Energy Cost & Transformation

Diesel and electricity costs are significant and represent an expensive carbon footprint

Diesel will be banned in Norwegian off shore fish farms by 2021

NOVATON´s solution:

Requires significantly less energy than traditional RAS. Using clean energy leads to 15-37% energy cost savings

Technology Improvements

Traditional RAS starts to integrate
technologies due to the increased demand

Aquaculture requires technologies to meet
the global sustainability challenges

NOVATON´s solution:

NOVATON provides modern, cleantech, sustainable solutions that can easily scale-up according to specific needs