Rabobank’s RaboResearch unit is forecasting an increase in global aquaculture production in 2025, with increases seen in both farmed fish and shrimp volumes.
While increasing tariffs and trade restrictions may bring uncertainty or impede the industry, lower feed prices and rising demand should benefit producers, according to “Global Aquaculture Outlook 2025,” published by Rabobank’s Global Animal Protein Sector team. The publication projects that finfish production will see the most growth, while shrimp – which continues to be affected by low prices – will experience a more modest upturn.
The report’s author, RaboResearch Seafood Analyst Novel Sharma, advises that after two consecutive years of decline Atlantic salmon production is expected to achieve “mild growth” from 2024 to 2026. Norway will lead this trend, with year-on-year increases projected at 2.2 percent in 2025 and 5.3 percent in 2026, resulting in estimated outputs of 1.56 million and 1.64 million metric tons (MT), respectively. But Sharma predicts this growth is contingent on stable biological conditions and improving harvest weights.
Norway grappled with high lice loads and biological struggles in 2024, and the country also reported producing lower-grade salmon throughout the year due in part to those challenges...
