A new report from the World Bank and the World Wildlife Fund reveals that investing in aquaculture could create as many as 22 million jobs by 2050. The report estimates a $1.5 trillion opportunity in the sector to boost sustainable food systems over the next 25 years.
Currently, if aquaculture continues with existing investment levels of $0.5 trillion, production is expected to rise to 159 million metric tonnes by 2050, creating between 8 and 14 million new jobs. However, with a more ambitious investment approach, global production could soar to 255 million metric tonnes, adding between 13 and 22 million jobs.
“To realise aquaculture’s full potential, we must shift toward practices that are not only productive, but also environmentally responsible, socially inclusive, and economically viable,” said Genevieve Connors, acting Global Director of Environment at the World Bank. “This is a call to action – to deepen collaboration, to invest boldly in new aquaculture technologies, and to foster stronger alignment between public and private sectors.”
With increasing global seafood demand and wild fisheries under strain, aquaculture has become crucial for ensuring food security, promoting economic growth, and achieving sustainability. It currently accounts for nearly 60% of worldwide seafood production and boasts the lowest carbon footprint among animal protein sources.
“Aquaculture is among the most sustainable ways to produce animal protein and will be essential in feeding the world’s growing population,” stated Sergio Nates, Senior Director for Aquaculture at WWF. “As the sector continues to expand, it holds immense potential to deliver positive social impact globally. It’s critical that we guide this growth through sustainable and responsible production practices.”
The report emphasises the need for innovative financing to develop aquaculture, especially in emerging markets, and analyses investment trends shaping the industry’s future. It highlights lessons from established aquaculture industries in countries like Bangladesh, Chile, and Vietnam, revealing how financial mechanisms have influenced their growth.
With seafood production projected to rise by 14% by 2032, this report serves as a crucial resource for financial institutions, governments, and investors looking to tap into the blue economy.
