What is next for Canada's Aquaculture

Source: Stats Canada

Let me expand on the Canada Aquaculture Market:

Challenges facing Aquaculture

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Fisheries and Oceans Canada / Pêches et Océans Canada

Source - https://www.aquaculturenorthamerica.com/caia-calls-for-changes-to-fisheries-act-during-dfo-committee-meeting/

?Importance of Aquaculture and Food Security:

Today is World Fisheries Day, a date proclaimed by the Food and Agriculture Organization of the United Nations (FAO), which has been celebrated every November 21, since 1998, with the aim of highlighting fishing activity for human life, its contribution to the protection and conservation of marine ecosystems and its promotion of the blue economy. In addition, since 2012, Aquaculture Day has been celebrated every November 30, which seeks to convey to society the importance of aquaculture and its commitment to sustainable development, R+D+I and the creation of wealth and well-being in rural areas and on the coasts. In this sense, the fisheries and aquaculture sectors are part of one of the fundamental pillars of the blue economy, which encompasses all activities related to the sea and has the ocean as the main engine of growth and innovation to achieve sustainable economic development. According to data from the report The State of World Fisheries and Aquaculture (FAO, 2024), these two sectors account for the livelihoods of some 600 million people, generating 61.8 million jobs in the primary sector alone during 2022. In global terms, FAO notes that global fisheries and aquaculture production in 2022 amounted to 223.2 million tonnes, 4.4% more than in 2020. In addition, aquaculture production has surpassed capture fisheries for the first time. The same document also includes the importance of fisheries as a source of food and its potential to address food insecurity and malnutrition. Global consumption of aquatic animal feed reached 162.5 million tonnes in 2021. This figure has increased at almost twice the rate of the world population since 1961, with annual global per capita consumption rising from 9.1 kg in 1961 to 20.7 kg in 2022. Of the total production, 89% was used for direct human consumption.

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Source - https://fundacion-biodiversidad.es/en/actualidad_home/fisheries-and-aquaculture-key-sectors-to-boost-the-blue-economy-and-ensure-food-security/

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ESG Biodiversity and Aquaculture:

Aquaculture can be used as a tool to help ecosystems flourish and thrive. Cultured seafood can help reduce the pressure on over exploited wild stocks, enhance depleted stocks, boost natural production and species diversity and help reduce other more destructive methods such as bottom trawling.

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The University of British Columbia

Source - https://oceans.ubc.ca/2024/07/15/can-aquaculture-help-create-a-sustainable-planet/

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Paul is a former IBM Customer Success Manager who has deployed over 300 data and AI solutions across industries and geographies for the past 8 years. Paul is a Financial Planning, Analysis, and Reporting SME working with data including integration of macro and micro indicators as part of the integrated business planning and reporting cycle.

[email protected]

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