DENMARK- Aquafeed producer BioMar Group has announced plans to expand the marine hatchery trial facilities at its Aquaculture Technology Centre (ATC) in Hirtshals Denmark, with the inauguration of the expanded facility expected to take place in September.
According to the company, the investment will allow for an expansion into a new, larger facility with the capacity to perform trials in semi-industrial conditions.
Expansion of the ATC follows the continued success of the LARVIVA hatchery feeds across the main hatchery markets, as well as the two capacity expansions at the production facility in France to cover the market demand.
The company noted that the decision further reinforces BioMar’s commitment to driving innovation and meeting the evolving needs of hatcheries across the globe.
“We believe that this investment will unlock potential for growth in new markets and new species,” said Henrik Aarestrup, vice president of Latin America, shrimp, and hatchery at BioMar.
“This will bring innovations, further solidifying our position as a leading provider of premium-quality hatchery feeds. The expansion of the ATC Hirtshals facility aligns with BioMar’s strategic plan for the hatchery segment, which is a key pillar for the development of marine fish and shrimp feeds,” he added.
The hatchery trial facilities will serve as a hub for research and development activities, with the addition of six multinational R&D staff to the team of experts in marine hatchery operations.
This research hub will include units dedicated to larval rearing as well as live feed production, allowing for extensive research and testing of hatchery feeds for several marine species.
“We are commissioning advanced larval research facilities, to ensure the continued high performance of LARVIVA, as well as developing further products for this highly specialized global market,” Simon Wadsworth, Global R&D Director at BioMar explained.
“The core research team has also been strengthened by leading larval-rearing expertise from the Mediterranean region. The new facility will significantly strengthen our research capacity in this dynamic segment,” he added.
According to Vantage Market Research, the Global Aquaculture Market is valued at USD 289.6 Billion in 2022 and is projected to reach a value of USD 421.2 Billion by 2030 at a CAGR (Compound Annual Growth Rate) of 5.5% over the forecast period 2023-2030.
Thus, investment in research surrounding aquaculture, including marine aquaculture, is necessary for companies to tap into this projected growth of aquaculture.