From 2021 to 2029, the revenue for aquafeed companies producing feed for warmwater species is projected have a compounded annual growth rate of 4.1% (3.15 billion USD in 2021 to 4.34 billion USD in 2029; graph and link of citation below). This is partially arising from the increased emphasis in product innovation from feed manufacturers, increasing personal disposable income for investors, and an uptick in restrictions in farming terrestrial animal food products such as beef or pork. Specifically, a paradigm shift from pond, raceway, and net pen culture to recirculating aquaculture systems (RAS) has been underway – providing an efficient solution to sustainably provide the growing human population with a key source of protein.
Due to government and regulatory interference with net pen farming, restrictions on water effluent outputs and the biosecurity risk of other culture systems, even more emphasis has been placed on the importance on the creation of recirculating aquaculture system (RAS) facilities in North America than ever before. RAS finfish production eliminates external pathogens (diseases) because of the closed-loop nature of the water and system design.
Skretting has a pronounced history of being a pioneer amongst other aquafeed companies in creating innovative RAS solutions, making it easier and more profitable to produce finfish in a closed-loop setting. Specific introductions of RAS-related events in the company’s history will be to shown which will include how we started as a company and the headway we have made in the US market lately – 2 RAS feed trials were implemented in 2025. More specific details about our product offerings can and will be explained at the booth.