Speaking at the European Maritime Day in Sweden on May 22, Ewos’ CEO Kjell Bjordal argued that farmed seafood supply must reach 120 million metric tons by 2030 if the industry wants to meet the needs of a growing population. The world’s population is set to reach 8.2 people in 2030, up 17 percent from 7 billion today.
Fish is not only the best poised protein to meet this growing demand, the industry is also able to take on this growth by using substitutes for marine feed and by continuing to innovate, Bjordal said.
According to him farmed fish’s efficiency -- its low feed conversion ratio and carbon footprint -- combined with its healthy attributes mean it will be the winner on the global market. “We believe that the market allocates the raw materials to the most efficient production -- and fish, is the winner,” his presentation read. Carnivorous fish are only a drop in the ocean of farmed fish.
Only 3 percent of global farmed fish are carnivorous, and their production is expected to increase at an annual rate of 3.5 percent, reaching 5.2 million metric tons in 2030, up from 2.6 million metric tons in 2010. In contrast non-carnivorous fish production is expected to grow by 4.8 percent to 149 million fish in 2030, up from 57 metric tons in 2010.
“We can expect [the] percentage of non-carnivore fish ‘on feed’ to increase from 50 percent in 2010 to 80 percent in 2030, Bjordal’s presentation says.
Marine proteins are often cited as the main limitation to expanding aquaculture. While marine proteins can “to a large extent be replaced by vegetable proteins, the “only obvious limitation” consists of marine oils, namely the EPA and DHA fatty acids, Bjordal said.
However, here again there is hope. “We now have the technical capability to grow salmon on zero marine raw material,” even though the solution is not commercial viable at this stage, he said.
His comment referred to the industry’s progress in using oil from omega-3 rich algae to replace marine raw material. However, this technique is still relatively expensive compared to using fish oil.
In the future, the industry will look at solutions such as genetically modified vegetable oils, omega-3 producing micro-organisms and “harvesting oceans down the chain” to increase supply of the valuable fatty acids, Bjordal said.
This refers to the possibility of using algae as a potential future substitute for fish oil. Ewos is notably behind a project called CO2Bio which aims to take purified CO2 from the industrial site of Mongstad in Norway to cultivate algae.
(vasep.com.vn) VASEP has officially announced the program for Vietnam Seafood Summit 2026 (VSS 2026), featuring five in-depth sessions covering industry outlooks, trade barriers, buyer demand, the domestic market, and solutions to improve productivity and reduce costs across the seafood value chain.
(vasep.com.vn) Vietnam’s shrimp exports reached US$3.7 billion in the first nine months of 2026, up 11% year on year. Although growth has been supported by China and several markets within the CPTPP, momentum is slowing as exports to the United States and the European Union decline. Tariff pressures, international competition, and raw material challenges are creating significant hurdles for exporters in the final months of the year.
(vasep.com.vn) Markets are changing faster, buyer requirements are becoming more demanding, and trade barriers are growing increasingly complex. In this environment, seafood businesses need more than an understanding of current market conditions. They need a longer-term perspective to answer a critical question: Where will growth opportunities come from in 2027–2029, and what should businesses do now to prepare? This is one of the key reasons why VASEP is organizing Vietnam Seafood Summit 2026.
(vasep.com.vn) In the first eight months of 2026, Vietnam’s pangasius exports to the Middle East reached US$113 million, up 7% year on year from the same period in 2025. Growth has become more pronounced in recent months. In August alone, exports to the region totaled US$20 million, an increase of 24%. This indicates that demand for Vietnamese pangasius in the Middle East is gradually recovering after a slowdown in March, although the pace of recovery varies across markets.
(vasep.com.vn) China’s shrimp imports continued to grow strongly in 2026, while Vietnam’s shrimp exports to the market also recorded notable growth. However, behind these positive figures lie two distinct trends: Chinese consumption is growing more slowly than imports, and lobster accounts for a substantial share of Vietnam’s shrimp exports to China, making its product mix significantly different from those of Ecuador and India. Exporters therefore need to assess each segment carefully to understand the opportunities and risks.
(vasep.com.vn) Changing markets, shifting buyer demand, and increasingly complex trade barriers are raising a key question for Vietnam’s seafood industry: Where will the new growth opportunities lie in 2027–2029?
(seafood.vasep.com.vn) As of the end of August 2026, Vietnam’s tilapia exports to the United States reached $21 million, representing a steep 48% year-over-year decline and accounting for 23% of the country's total tilapia export turnover. Frozen fillets accounted for 78% with the remainder consisting of whole frozen tilapia and frozen cuts.
(seafood.vasep.com.vn) After a volatile first half of the year, Vietnam’s pangasius exports to Brazil registered robust growth in July and August 2026. In August alone, export turnover reached $19 million, surging 73% compared to the same period in 2025. Cumulatively for the first eight months, total export value reached $124 million, reflecting an 8% year-over-year increase.
(seafood.vasep.com.vn) Besides modifying their boats, many fishermen in Dak Lak province are making efforts to venture out to sea to harvest seafood during the rough sea season.
(seafood.vasep.com.vn) At the Responsible Seafood Summit and TCRS Shrimp Summit 2026, organized by the GSA (Global Seafood Alliance) in Bangkok, Thailand, the conversation about the future of the shrimp industry began with one of its most important foundations: seedstock quality.
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