Aquaculture has been seen as a controversial practice in the past, with concerns about its impact on the environment, the welfare of the aquatic animals, and the safety of the products harvested. However, with the ever-growing global demand for seafood, aquaculture is becoming an increasingly vital source of food production. In 2023, the world's production of farmed shrimp is expected to be slightly lower (down 0.4 percent) at around 5.6 million tons. Though, in 2024, the Indian shrimp market size reached US$ 8.3 billion. It's expected to reach US$ 20.9 billion by 2032, exhibiting a CAGR of 10.6%. India has emerged as a seafood powerhouse, known for its production of shrimp, fish, and other marine products.
As we look to the future, we must shift the narrative on aquaculture and embrace technological and data-driven strategies to create a sustainable and responsible industry. India now exports farmed shrimps to 76 countries, with the top 10 importers being the USA, China, Japan, Vietnam, Canada, and UAE among others.
Aquabeats, a company based in India, is leading the way in this transformation, offering innovative services and benefits to all stakeholders in the shrimp global supply chain.
The global population is projected to reach 9.7 billion people by 2050, and with this increase, the demand for food will also rise. The United Nations estimates that an additional 70 million metric tonnes of fish will be needed annually to meet global demand. Aquaculture provides a sustainable solution to meet this demand, and over the past few decades, it has proved to be the fastest-growing food production sector. However, the industry has been marred by controversial practices, including overfishing, irresponsible use of antibiotics, and damage to natural ecosystems. To create a sustainable and responsible industry, we must change the narrative on aquaculture.
Fortunately, companies like Aquabeats are leading the way in this transformation. Aquabeats has developed a suite of innovative services and benefits to all stakeholders in the shrimp global supply chain, including farmers, processors, retailers, and food service providers.
Aquabeats aims to deliver antibiotic-free shrimp with traceable origins, and they support the Sustainable Development Goals (SDGs), promoting responsible sourcing practices. The company's innovative approach to aquaculture has even been recognized through their success in gaining partnerships with various organizations in the industry. The company has a partnership program that encourages other businesses in the industry to work with their team to advance solutions for sustainable aquaculture. By collaborating and sharing knowledge and resources, we can create a more responsible and sustainable industry together.
As the demand for seafood continues to grow, aquaculture will become an increasingly vital source of food production. Aquabeats' innovative services and benefits are leading the way in this sustainable revolution. As stakeholders in the industry, we must work together to promote responsible sourcing practices and create a better future for the aquaculture industry.
Get in touch with us at [email protected] to start partnering with Aquabeats. You can also visit our website www.aquabeats.in for more information.