INSIGHT: Aquaculture and Aqua Feed Sectors Boosted by Seafood Demand Recovery
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Most COVID-19 related disruption for the aquaculture sector took place at the onset of the pandemic in Q2 2020. However, since then the entire supply chain has generally experienced gradual recovery through the second half of 2020 to H1 2021.
COVID-19 resulted in numerous challenges to the sector, notably at food service level where demand dropped significantly, reducing prices of shrimp and salmon, but it also brought along new opportunities. Direct retail sales, online sales and home deliveries have gained in importance, and there have been...
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