Harnessing the Waters: Key Takeaways from the World Bank’s Report

The World Bank’s new flagship report positions aquaculture as the fastest-growing sector in global food production—now supplying nearly 60% of seafood worldwide and projected to expand from 131 million tonnes in 2022 to 159 million tonnes by 2050 under business-as-usual, or surge to 255 million tonnes with strategic investment. 

Growth, Sustainability & Impact 

• Sector growth: Aquaculture has expanded 6% annually since 1990, rising from 10% to 59% of aquatic food production. 

• Environmental edge: Farmed seafood carries the lowest carbon footprint of any major animal protein. 

• Economic potential: Under current trends, 8–14 million new jobs could be created by 2050; with stronger investment, that number could rise to 13–22 million. 

Investment Needs & Financial Innovation 

Achieving the more ambitious growth scenario will require $1–1.5 trillion in global investment, spanning production, feed innovation, supply chains, and financial tools. The report emphasizes "blended finance" models and inclusive mechanisms—such as concessional lending and guarantees—to unlock capital for smallholder and emerging-market. 

A Global Opportunity 

While Asia currently dominates (~85% of output), the fastest growth is expected in Latin America, Africa, and other emerging regions as investments scale . The shift, along with feed innovation—from fishmeal alternatives like algae and insects—represents a multi-billiondollar opportunity. 

Breaking Down Misconceptions 

The report also tackles common myths: farmed fish can be as nutritious as wild, antibiotic use is often responsible, and aquaculture needn't harm the environment when managed properly. 

Why This Matters for You 

• Food security: Aquaculture is poised to meet rising global protein demand as wild fisheries plateau. 

• Climate-smart farming: Low GHG emissions and efficient land and water usage make it a greener protein source. 

• Economic development: The sector can foster rural employment, poverty reduction, and gender inclusion. 

• Innovation frontier: Leaders can tap into growing markets in feed, tech, and digital tools—shaping a resilient and sustainable global seafood system.