Aquaculture Study
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Publication
Global Seaweed: New and Emerging Markets Report, 2023
(Washington, DC: World Bank, 2023-08-14)With its ability to sink carbon, sustain marine biodiversity, employ women, and unlock value chains, seaweed farming demonstrates how development, climate, and nature work together to generate value and uplift communities. Seaweed farming can help build a world free of poverty on a livable planet and has enormous growth potential. This report has identified ten global seaweed markets with the potential to grow by an additional USD 11.8 billion by 2030. Yet, much of the seaweed sector’s value remains untapped - it has clear growth potential beyond its current markets. Today, most farmed seaweed is used for direct human consumption, as fresh feed in aquaculture, or as hydrocolloids. However, seaweed-farmed products may be able to displace fossil fuels in sectors such as fabrics and plastics; can provide ecosystem services, such as carbon sequestration and nitrogen cycling; and can generate socioeconomic benefits in fragile coastal communities. Further, the market is currently dominated by a handful of Asian countries, which produce 98 percent of farmed seaweed by volume globally. Opportunities for growth in new regions and applications are high. -
Publication
Market Growth Potential for Kazakhstan Fisheries and Aquaculture Products
(World Bank, Washington, DC, 2022-07)Kazakhstan is home to a variety of commercially viable fish species, a large domestic market (1.83 million consumers in 2020), proximity to potentially lucrative export markets, and the resources necessary to expand the sector. The country has adopted a strategy to increase fish production by boosting fish farming and setting ambitious targets for aquaculture development by 2030. Domestic fish demand is expected to increase by 27 percent between 2018 and 2030. Yet Kazakhstan’s current policy framework, the National Fisheries and Aquaculture Development Program (NFDP), is mostly supply driven, with inadequate consideration for whether or how the intended production expansion can be accommodated. To align the NFDP and related policies with Kazakhstan’s market growth goals, this report’s recommendations include: developing domestic markets; promoting export markets; strengthening the regulatory framework; pursuing a value-oriented production strategy; adopting environmental best practices; promoting a positive image of Kazakhstan’s fish through external public relations campaigns; and integrating Kazakhstan’s aquaculture into a larger system of sustainable landscape practices.