The Australian aquaculture industry is on a roll, benefiting from global demand for protein and the twin drivers of a shift to healthy eating and consumers’ need-to-know that food comes from clean and sustainable sources. On all counts, the Australian industry – based mainly in Tasmania, which accounts for almost 60% of national production, and South Australia, which contributes 21% – ticks the right boxes, and its prospects for export success are excellent.
Like all animal husbandry, aquaculture has inherent challenges with managing disease and environmental impact – and these challenges have certainly been encountered in Australian aquaculture. But bit by bit, Australian businesses have made clear progress toward best-practice aquaculture, to the point where the industry is regarded as global leaders in fish and seafood farming and environmental stewardship.
Aquaculture is a growing mini-sector on the Australian Securities Exchange (ASX), with eight representatives of varying size, profitability and species focus.