Having just returned from the North Atlantic Seafood Forum (NASF) in Bergen, our team is once again struck by the dramatic pace of technological evolution in salmon farming. The industry continues to innovate at a remarkable rate, developing sophisticated solutions to meet the formidable new challenges posed by climate change. This wave of progress is overwhelmingly driven by Norwegian…
Matt Craze, partner at Spheric Research, will be a featured speaker at the upcoming North Atlantic Seafood Forum (NASF) in Bergen, Norway. The conference, a key gathering for global seafood leaders, will take place from March 4-6, 2025. Matt’s presentation, titled “In pursuit of the 3rd species,” will address one of the most critical questions facing the future of…
Hybrid flow-through can be a game changer for the salmon industry, but capital and supporting legislation are needed, according to Rabobank. Gorjan Nikolik really makes the case for using this technology to increase salmon supply, pointing out the symbiotic relationship between environment and welfare. Great to see some Spheric Research data contributing to this research note. Read Rabobank’s article…
Join hosts George Crocker and Matt Craze, live from Gloucester, Massachusetts, as they take a deep dive into the latest findings from Spheric Research‘s Land-Based Aquaculture Report. In this short episode, Matt unpacks the growing trend of cultivating fish and shellfish on land using recirculating technology. Matt is the main author of the Land-based Aquaculture Report, which Spheric Research…
Last week, Spheric Research was on the ground in Guayaquil, Ecuador, for AquaExpo 2024, the premier event for the region’s aquaculture industry. Organized by the Cámara Nacional de Acuacultura from October 21-24, the expo provided a firsthand look into the epicenter of global shrimp farming, an industry undergoing historic expansion while navigating significant challenges. Our time at the event…
The Global Shrimp Forum Foundation has announced funding for a new research project to be conducted by Spheric Consumer. This builds on proprietary data from Spheric Consumer’s recent US market report, which examines the emotional and psychological associations consumers have with seafood, as discussed by the authors in the podcast below. The report commissioned by the Global Shrimp Forum Foundation…
Spheric Research’s Matt Craze will deliver a keynote presentation at the RAS Summit 2024, a virtual event on October 9 at 11:00am ET. He will present the latest data from our annual Land-Based Aquaculture Report, sharing insights gathered from hundreds of RAS companies worldwide. Joining him at the event are industry leaders: -Dag Sletmo, Sr. Vice-President, DNB Bank Seafood-Howard…
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…
Kimberley Player led the research department at…
We are excited to speak at the…
