By 2050, the global aquaculture industry is forecast to need more than 100 million metric tons of feed annually – roughly double the amount that is currently being produced worldwide.

BioMar is one of the world’s leading producers, competing with US agricultural giant Cargill and Norway-based Skretting, owned by Dutch animal nutrition group Nutreco.

While the task of meeting that future need for feed ingredients may appear daunting, BioMar CEO Carlos Diaz said 2024, in general, was a "good year for BioMar Group."