What will the future of the salmon industry look like? EY presented their high-level findings from The Norwegian Aquaculture Analysis 2020, and a selection of industry experts share their insights and perspectives towards the future. What are the largest opportunities for sustainable growth within the next 20 years, and what general conditions and operating environment is needed for the industry to succeed?

On April 20th, we hosted a two hour digital event together with EY. More than 500 participants from 30 different countries globally, signed up for a glimpse into the crystal ball.

Merete Skage, Maria Helsengreen and Eirik Moe from EY presented high-level findings from The Norwegian Aquaculture Analysis 2020, which addressed the latest developments across the value chain, as well as the growth trend and it’s development towards 2040.

Merete Skage – Presenter and EY Nordics Strategy and Transaction Partner. Photo by Eivind Senneset for NCE/EY

Based on insights from our database, market trends and discussions with numerous industry experts, our overall forecasts show more than a doubling of global production volume when we count 2040, which corresponds to a production level of 5.8-6.6 million tonnes in 2040, Merete Skage from EYs Aqua team stated when the report was released.

The Norwegian Aquaculture Analysis from EY highlights the challenges ahead for the industry. Looking forward we need to strengthen innovation and address the hurdles strategically, in order to achieve the sustainable growth and development we all aim for, say Nina Stangeland, Managing Director in NCE Seafood Innovation.

Panel Discussion during the event. Photo by Eivind Senneset for NCE/EY

During the very interesting panel discussion, we heard from excellent industry experts, such as Jan-Emil Johannessen, from Benchmark Genetics, Henning Beltestad from Lerøy Seafood, Knut Utheim from Grieg Seafood, Fredrik Witte from Cargill, and Einar Wathne, Director of the Board, The Seafood Innovation Cluster. Sustainability and Innovation was mentioned as some of the key factors to ensure growth within the industry.

Nina Stangeland from NCE Seafood Innovation guided us through the day and moderated the panel discussion.

Thank you to Grieg Seafood, Lerøy Seafood, Cargill, Pharmaq Analytiq AS, Benchmark Genetics Norway AS and Karoline Sjødal Olsen, Blue Lice, for contributing to the program, giving us excellent insight, and great perspectives towards the future.

We would also like to thank Bergen Live for production.

The event was hosted by EY and NCE Seafood Innovation. From left: Maria Helsengreen, Eirik Moe, Nina Stangeland, Merete Skage and Solveig Holm. Photo by Eivind Senneset for NCE/EY