Thanks for the feedback! Yes, I agree that many of the considerations for fishmeal and fish oil are similar. I originally wrote this post a long time ago which is why I did not reference your report in it, but I’ve now included it under “Some useful sources.”
A few comments on your report:
Your report says: “These days, any of the fish that are farmed more intensively around the world are carnivorous … ” This was confusing on a first read, but I assume that was a typo and you meant many? As far as I know, the vast majority of farmed fish are omnivorous or herbivorous.
I don’t think it’s correct to say that the fishmeal industry is on the decline. This World Bank report projects low growth through 2030. The current numbers are very high as well. Amongst vertebrates used by humans, feed fish are near the top in number of individuals.
You mention cultured meat as a possibility. A major obstacle to the competitiveness of cultured meat is the need for very low-cost culture media. See Open Phil’s report. To me it seems the approach of growing proteins and fatty acids in yeast, plants, etc. is likely to be relatively more feasible. As you note, companies are working on this already.
As of last month, fishmeal prices seem to be far more expensive than the number you mention, at $1470 per metric ton. Soybean meal prices have increased too though, at $353 per metric ton.
Thanks for the feedback! Yes, I agree that many of the considerations for fishmeal and fish oil are similar. I originally wrote this post a long time ago which is why I did not reference your report in it, but I’ve now included it under “Some useful sources.”
A few comments on your report:
Your report says: “These days, any of the fish that are farmed more intensively around the world are carnivorous … ” This was confusing on a first read, but I assume that was a typo and you meant many? As far as I know, the vast majority of farmed fish are omnivorous or herbivorous.
I don’t think it’s correct to say that the fishmeal industry is on the decline. This World Bank report projects low growth through 2030. The current numbers are very high as well. Amongst vertebrates used by humans, feed fish are near the top in number of individuals.
You mention cultured meat as a possibility. A major obstacle to the competitiveness of cultured meat is the need for very low-cost culture media. See Open Phil’s report. To me it seems the approach of growing proteins and fatty acids in yeast, plants, etc. is likely to be relatively more feasible. As you note, companies are working on this already.
As of last month, fishmeal prices seem to be far more expensive than the number you mention, at $1470 per metric ton. Soybean meal prices have increased too though, at $353 per metric ton.