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Aquaculture: Its Role in the Future of Food

In: World Agricultural Resources and Food Security

Author

Listed:
  • James L. Anderson
  • Frank Asche
  • Taryn Garlock
  • Jingjie Chu

Abstract

Aquaculture has become the world’s fastest growing food-production technology. This chapter outlines the main factors for this growth and shows how farmed seafood can contribute directly and indirectly to food security. We used the databases of the FAO on food production and trade to analyze the development of production in the main categories of animal protein. The trends were interpreted in a productivity growth and trade context. We found that modern aquaculture is enabled by transferring knowledge from terrestrial animal production and from developing new technologies to create substantial productivity growth and production cost reductions. The current growth rate of aquaculture production exceeds all other types of meat production and is expected to continue to increase as the agro-science industry expands (seafood made up 34.5% of the world’s animal production in 2013). More than 90% of the world’s aquaculture production takes place in developing countries, where it contributes to food security directly through consumption or indirectly as a source of income. Seafood is a main source of animal protein in many parts of the world, particularly in developing countries. Depending on species and country, farmed seafood contributes to food security directly through domestic consumption, or indirectly through economic growth from exports.

Suggested Citation

  • James L. Anderson & Frank Asche & Taryn Garlock & Jingjie Chu, 2017. "Aquaculture: Its Role in the Future of Food," Frontiers of Economics and Globalization, in: World Agricultural Resources and Food Security, volume 17, pages 159-173, Emerald Group Publishing Limited.
  • Handle: RePEc:eme:fegzzz:s1574-871520170000017011
    DOI: 10.1108/S1574-871520170000017011
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    More about this item

    Keywords

    Aquaculture; animal protein; food security; seafood; Q22; Q17; Q18;
    All these keywords.

    JEL classification:

    • Q22 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation - - - Fishery
    • Q17 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - Agriculture in International Trade
    • Q18 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - Agricultural Policy; Food Policy; Animal Welfare Policy

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