May 30, 2019 — Aquaculture is one of the fastest growing forms of food production in the world and the fastest growing sector in the livestock industry. In a $140 billion market, startups in seafood and aquaculture technology raised $193 million in 2016, which marked a 271% increase from the two years prior combined. The latest group of innovations in agtech could very well come from the water, as something we could call “aquatech.”
Yet there are many areas in this industry that are in dire need of innovation. Today, I will focus on my top 5: disease prevention, vaccine delivery, fish meal replacement, sustainability solutions (including closed-loop farming) and supply chain management.
Tremendous opportunity exists right now for those interested in investing in the solutions to these issues. Let’s take a look at the five key areas mentioned, and how several forward-thinking companies are meeting them head on.
Disease prevention is a critical aspect of aquaculture. Changing ocean temperatures and water quality make animals and plants more stressed and susceptible to disease, yet innovation is lacking in prevention compared to land-based agriculture. Terrestrial food animal farmers can easily deploy dozens of vaccines and preventive solutions, while aquaculture has less choice and significant delivery challenges (more on this below). Vaccines are still administered by hand, and there simply aren’t good preventive measures for many infestations.