Aquaculture and fisheries

Thirty years of innovation and industrial development in the Norwegian aquaculture industry have contributed to sustainable food production and growth in numerous coastal communities. The industry has invested in research and development, enabling it to achieve a leading global position.

Built around the aquaculture production companies, Norway has several publicly financed seafood clusters that promote value creation through sustainable innovation and cutting-edge R&D. Foreign companies can also reap the benefits of the competence and skilled work force gathered in these clusters.

The Norwegian aquaculture industry will continue to make the most of its competitive advantages. With the help of technological and biological development, it will strive to produce more safe and healthful seafood in a more sustainable manner.

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Biological challenges and diseases are two of the major concerns the industry faces going forward. Most new innovations are focused on making aquaculture more sustainable and reducing biological challenges while increasing production volume in the long run.

New solutions for monitoring, controlling and preventing parasites are vital to ensuring profitable and sustainable growth in the industry.

In the future, regulations will focus more closely on reduced carbon footprint and increased fish health and fish welfare. Developing solutions that will satisfy these regulations is imperative for future growth in the industry.

Feed accounts for more than 80 per cent of the emissions per unit of farmed salmon and 46 per cent of the production costs. New and novel feed ingredients are critical to complying with regulations and achieving global sustainability goals.

One kilogram of produced salmon creates 0.5 kilogram of biological offshore waste (feed and faecal waste, in addition to trimmings from VAP processing). Properly handling waste will reduce biological footprint, while reusing waste will create circularity in the value chain.

Expected changes in regulations for production sites may make production near or onshore less desirable and fuel interest in offshore sites. New production technology will be needed to make offshore aquaculture a reality.

To read more about the aquaculture industry and investment opportunities in Norway, go to the Invest in Bergen website.