Feeding the Rising New Middle Class
International experts presenting new data at GOAL 2010 said that rising global demand for seafood, driven mainly by a rapidly growing middle class in
Over three billion new consumers will join the global middle class by 2030, said keynote economist Albert Zeufack of the World Bank, and 90% of those citizens will live in the Asia Pacific region.
Speakers also addressed approaches for sustainably increasing seafood production to meet the rising demand. Robins McIntosh of the C.P. Group described advances in penaeid shrimp technology using genetically improved animals within controlled growout systems to increase productivity. Shorter cycles also drive down feed and energy costs. Other speakers suggested that expanding production into undeveloped regions, particularly
To assure sustainability, certification and traceability of each link in the supply chain are critical, GOAL speakers emphasized. Updates were provided on GAA’s new Best Aquaculture Practices standards for Pangasius and feed mills, and the status of salmon standards, which are expected soon.
A key benefit of GOAL was the opportunity for industry leaders to network during pre-conference tours, luncheons, coffee breaks and receptions. A highlight of the event was the gala reception at the prestigious Malaysian Petroleum Club, which offered a commanding view of
GOAL 2010 helped identify a pivotal point for global aquaculture production.