NEWS FEED & ADDITIVE MAGAZINE January 2023 89 Rabobank’s new global aquaculture report, 'What To Expect in the Aquaculture Industry in 2023', summarizes the key takeaways from the Global Seafood Alliance (GSA) GOAL Conference 2022, one of the seafood industry’s most anticipated events. Industry experts remain optimistic about long-term growth in aquaculture despite increasing concerns about costs and market conditions heading into 2023. Global shrimp supply is on positive trajectory, driven by a supply push from Ecuador, while turbulent salmon supply growth from Norway and Chile is expected to normalize in the short term. Ecuadorian shrimp production is set to top 1.35 million metric tons in 2022. This would give Ecuador its largest single-year volume growth recorded, adding over 300,000 metric tons in supply – only slightly lower than Thailand’s total annual production. Continued growth driven by Ecuador will lift the Americas over the 2 million metric ton mark by 2023. Asia, the largest shrimp producer, is expected to experience its first production decline (-0.1%) since 2013. In 2023, however, Asian production is expected to rebound, lifted by higher production in China and India and a slight increase in Vietnam, pushing Asian production above 4 million metric tons in 2023. Novel Sharma, Seafood Analyst at Rabobank, expresses bullish expectations for 2023: “Overall global shrimp supply in 2022 is expected to increase by 4.2%, driven primarily by Ecuador and the Americas, which compensate for flat growth in Asia. The industry remains optimistic about supply in 2023, as Ecuadorian supply growth is expected to be supplemented by a strong recovery in Chinese production of 9.5%.” After a volatile 2021 that saw Norway expand yearon-year supply by 11.9% and Chile contract by 7.7%, 2022 is expected to deliver the first overall salmon production decline since 2016. “Slow growth in 2022 is expected to be followed by volume expansion of roughly 4% in both 2023 and 2024,” says Sharma. Read more>> Tyson Foods has announced Melanie Boulden as Executive Vice President, Chief Growth Officer, effective February 6, 2023. Boulden will report to President and Chief Executive Officer Donnie King and will be responsible for all aspects of global brand marketing to foster the growth of the company’s portfolio of brands and products. In this newly created role, Boulden will join the Enterprise Leadership Team and oversee functions including consumer and corporate branding, innovation, R&D, communications, and consumer insights and analytics. “Melanie is an exceptional talent and a proven leader in growing global household brand businesses. She has the creative, operational, and financial experience to drive value creation across Tyson Foods’ brand portfolio,” said Donnie King, Tyson Foods President and Chief Executive Officer. “The introduction of the new Chief Growth Officer role will allow Melanie to develop a worldclass center of excellence around brand marketing that will be critical as Tyson Foods continues to focus on future growth.” Read more>> Rabobank: Global shrimp production to have a record Tyson Foods names Melanie Boulden Chief Growth Officer Melanie Boulden
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