From the IAOF in Iceland: Spheric Research reveals $2B investment horizon for land-based aquaculture

As the land-based aquaculture sector continues to mature, investment momentum is reaching unprecedented levels. Spheric Research analysis indicates that identifiable deal flow for land-based projects is on track to hit $2 billion in 2025, a clear signal of growing investor confidence in the industry’s on-growing systems.

This forecast is supported by the remarkable activity observed this year, with the sector already breaking the $1 billion glass ceiling for debt and equity deals. This milestone demonstrates a significant scaling up of capital allocation and project development, a trend we will be discussing in detail as we attend the 3rd annual Iceland Aquaculture and Ocean Forum (IAOF) in Reykjavik, hosted by Arion Banki.

Our methodology for calculating these deal flow estimates, which tracks both public and private transactions, provides a unique lens on the industry’s financial landscape. For a detailed breakdown of how we arrive at these figures and an infographic of our estimates, we invite you to read our recently published article in Undercurrent News: https://www.undercurrentnews.com/2025/05/27/land-based-salmon-investments-could-hit-2bn-in-2025/