Chile, the world’s second-largest salmon farmer after Norway, pioneered the use of RAS technology in the noughties to underpin net pen farming. However, in the past decade, Norway (and the Faroe Islands) has eclipsed Chile in this space. Norwegian giants from Mowi to SalMar have led the so-called post-smolt boom, taking juvenile fish from beyond a traditional size of…
Spheric Research has assembled a database of 174 companies that make products and that specifically serve the land-based aquaculture industry. Anecdotally, we know that many companies have recently targeted land-based aquaculture, coming from other industries like oil and gas. Norway leads the list of suppliers, with 34 companies. Denmark, which is credited as the birthplace of the modern recirculating…
The Kingfish Company successfully expanded its yellowtail farm in the Netherlands in 2023 and was on the verge of reporting breakeven for a commercial-scale RAS facility by the end of the year. Both The Kingfish Co and Nordic Aquafarms have been able to boost volumes of seriola fish and sell at higher prices in northern Europe despite challenging economic…
If you buy trout from a Helsinki supermarket, more likely than not, it was grown from egg to plate in a recirculating aquaculture systems (RAS) facility. Finnforel recently expanded its capacity to 3,000 metric tons a year, meaning two suppliers in the Scandinavian country — Finnforel and Fifax — account for almost half of global installed supply of trout…
Europe is cementing its status as the cradle of innovation for indoor shrimp farming innovation. Germany’s Aquapurna secured a €20 million investment led by K+S, one of the world’s largest fertilizer companies, and France’s Agriloops raised €13m in the past six months. There are now more operating farms in Europe than in Asia and with different investor profiles. Asian…
Land-based Aquaculture Update: In 2021, Spheric Research identified a group of companies poised to lead the way in the deployment of Recirculating Aquaculture Systems (RAS) technology. These projects will provide an industry benchmark, taking the focus away from the earliest innovators. 🔍 What’s Coming Next?: From Monday we will share a week of snapshot insights from our upcoming fourth edition report, highlighting…
Kimberley Player led the research department at…
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