With COVID-19 having a damaging impact on aquaculture, the market is expected to lose steam before recovering to a projected global market size of US$ 245.1 billion by 2027, according to a recent Research and Markets report
Aquaculture
Cora introduces salmon raised on algal oil

Veramaris’ natural marine algal oil offers an alternative and sustainable solution to using forage fish. (Image source: Barbara Jackson/Pixabay)
The Cora hypermarket chain, which has 61 stores in France, has introduced salmon fed by on a diet that includes natural marine algal oil by Veramaris, partially replacing wild fish in the salmon feed
Nocera launches its Recirculating Aquaculture Systems in Taiwan

RAS represents an environmentally friendly and cost-effective way to bring clean fish to the table. (Image source: Bytemarks/Flickr)
Nocera, a land-based aquaculture specialist, has introduced its next generation of commercially operational Recirculating Aquaculture Systems (RAS) to improve productivity and sustainability in commercial aquaculture
Oceanus Group invests in Singapore-based Universal Aquaculture

Universal Aquaculture’s system reduces the need for large water treatment tanks and equipment. (Image source: Tom Fisk/Pexels)
Universal Aquaculture, a deep-tech company with an indoor farming facility, has received an undisclosed amount of investment from Oceanus Group
Indonesia’s eFishery secures major funding

The aim is to help Indonesian farmers to build more profitable and sustainable farming businesses. (Image source: Rajesh Balouria/Pixabay)
Indonesia-based agritech company eFishery has closed its Series B round that was co-led by Go-Ventures and the Northstar Group, together with Aqua-Spark and VC Wavemaker Partners