April 6, 2020 — A new report from Lux Research explores the future of alternative aquafeed ingredients, evaluating insect protein, single-cell protein, and algae protein as potential replacement options in fishmeal.
The FAO estimated in 2018 that aquaculture production would reach 201 million metric tons (MT) by 2030, in line with a 10 percent annual increase in demand for fish protein. However, according to IFFO, global annual fishmeal production from marine organisms – including fish, krill, shellfish, and algae – has remained at 5 million MT in recent years, with one third of the world’s fishmeal production coming courtesy of byproducts from wild-capture fisheries and aquaculture.